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Glendora Unified certifies positive first interim report despite projected multi-year deficits
Summary
Business services staff reported a positive certification for the 2025-26 first interim budget, citing reserve levels that meet state and board-added requirements while projecting multi-year deficits tied to declining enrollment and rising costs.
Glendora Unified’s business services team delivered the 2025-26 first interim financial report on Dec. 8 and the board certified a "positive" finding, meaning staff concluded the district can meet its obligations for the current and next two fiscal years while continuing to monitor projected deficits.
Presenters Jeanette Wolczak and Araceli Medina said the report incorporated updated data through Oct. 31 and noted several key revisions: an approximately $700,000 increase tied to updated LCFF/ADA projections, recognition of about $1.9 million in restricted state professional-development block grant revenue, and adjustments to health-and-welfare contributions for employee coverage.
Staff reported projected unrestricted general-fund deficits of $2.5 million in 2025-26 (ending fund balance $14.9 million), $2.2 million in 2026-27 (ending balance $12.6 million) and $1.2 million in 2027-28 (ending balance $11.3 million). Presenters said those projections reflect continuing pressures from declining enrollment, rising pension and benefit costs, higher insurance and transportation expenses, and ongoing special-education contributions from the general fund.
Wolczak said the district is submitting a positive certification because it meets the required 3% reserve and a board-added 3% additional reserve, and because prior-year increases in fund balance provide flexibility against projected multi-year deficits. Trustees asked how the district could certify positively while showing deficit projections; staff explained reserves and prior surpluses allow the district to absorb near-term deficits while pursuing strategic adjustments.
After questions, the board voted to approve the first interim report by voice vote and then approved consent items (items 10.1–13.3) covering roughly $9 million in expenditures, most of which the chair said reflect payroll and business-services items.
Staff said next steps include submitting the interim to LA County Office of Education for review, submitting P-1 and P-2 reports in January and April respectively, and returning with a second interim update in March.
The board’s certification preserves current operational authority and directs continued fiscal monitoring and potential strategic adjustments to align expenditures with projected revenues.
