Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Second Interim topic
No spam. Unsubscribe anytime.
Board approves second interim budget report, staff projects multi-year deficit but positive certification
Summary
The board voted to approve the 2025-26 second interim budget report after a presentation by finance staff; the report shows positive certification, projected unrestricted reserves of about $3.9 million this year and multi-year deficit-spending scenarios tied primarily to restricted program spending and special-education contributions.
The Greenfield Union School District board on March 12 approved the 2025-26 second interim budget report after a staff presentation that outlined revenues, expenditures and multi-year projections.
Dawn Toby, introduced to the board as the presenter who worked with district finance, told trustees: "The purpose of second interim is really to review the general fund revenues, expenditures, and what are any balances that are gonna be." She walked the board through LCFF assumptions, ADA and cost-of-living adjustments, and the district's restricted versus unrestricted balances.
Key figures cited in the presentation: total district enrollment reported at 3,441 students; 869 students identified under McKinney-Vento (homeless) counts; a beginning unrestricted balance in 2025-26 of about $8.2 million and a projected unrestricted ending amount that includes roughly $3.9 million in the district's unrestricted reserves after transfers and encumbrances. The presenter also identified a large restricted carryover (noted as several million dollars) tied to programs such as extended-learning grants; she reported a staff-calculated contribution to special education of approximately $9.8 million.
Toby explained that some deficit spending in the projections reflects planned restricted-program expenditures and encumbrances; she recommended board approval and noted the district retained a positive certification, meaning it is expected to meet financial obligations for the two following years.
After discussion, a trustee moved to approve the second interim report; the motion passed on a roll-call vote recorded in the minutes as ayes from the majority of trustees and the board certified a positive finding for the district's financial position.
The board will continue budget development and monitor encumbrances and ADA trends during the year; staff said more detailed adjustments will be part of the next budget-adoption cycle.
Next steps: the district proceeds to budget adoption with the multi-year projections and continued monitoring of restricted programs and encumbrances.
