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Pacific Grove Unified board certifies second interim budget despite $1.6 million projected deficit
Summary
The Pacific Grove Unified School District board approved and certified its second interim financial report for 2025-26 on March 5, 2026, receiving a "positive" certification from staff despite a projected $1.6 million combined operating deficit and continuing pressure on some special funds.
The Pacific Grove Unified School District Board of Education voted unanimously on March 5 to approve the district's second interim financial report, a fiscal update staff said shows a projected $1.6 million gross operating deficit for 2025-26 but continues to meet the state's low bar for a "positive" certification.
Assistant Superintendent Jorn, who presented the report, told trustees the combined general fund revenue projection for 2025-26 is $49.1 million with total expenditures just under $51 million, resulting in the roughly $1.6 million deficit. He said the district projects an ending combined fund balance of about $5.6 million and a reserve of about 8.5%, well above the state's 3.33% minimum used for the certification.
"This report shows that PGUSD can meet its…
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