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Finance committee hears budget update; staff report $2.7 million preliminary gap and propose $4 million HVAC allocation from fund balance
Summary
District finance staff presented a multi-year budget outlook, reporting a preliminary $2.7 million gap, describing staffing and capital assumptions, and proposing a $4 million allocation from fund balance toward the HVAC project while pursuing grant opportunities including a DCED HVAC grant (up to $5M with 25% match).
Don presented the finance committee with the district’s projection and multi-year assessment, telling members the district faces revenue pressures and a preliminary $2.7 million budget gap next year. "So right now, we're looking at a $2,700,000 gap," Don said, and he explained the administration’s next steps: reviewing about 30 departmental and building budgets to identify possible reductions and refining revenue assumptions ahead of a full budget presentation next month.
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