Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the District Budget topic
No spam. Unsubscribe anytime.
Oakdale Joint Unified projects modest deficit but healthy reserves in first interim report
Summary
District finance staff presented the first interim financial report showing estimated general fund revenue around $82.2 million, a projected slight deficit, an ending fund balance of about $20.9 million and an unassigned reserve of 11.27%; staff warned declining unduplicated counts and enrollment pose budgetary risk.
District finance staff presented the first interim financial report (as of Oct. 31, 2025) and walked trustees through revenue, LCFF components, carryover funds and multi-year projections.
"In our general fund, we have $82,200,000 in estimated revenue," the presenter said, noting major revenue drivers and that roughly 88% of total revenue is state-sourced. The presentation explained that LCFF (Local Control Funding Formula) makes up about 76% of general fund revenue and that the district’s supplemental grant award is nearly $5,000,000.
Staff told the board the district’s ending fund balance is about $20,900,000 and the total unassigned reserve stands at 11.27%. They described the multi-year projections as a controlled descent: a modest deficit appears in projected years, but the district’s reserve levels provide flexibility.
The presenter flagged enrollment and unduplicated pupil-count trends as the largest near-term risk. Staff said the district experienced a decline of roughly 1% in enrollment and an approximately 7% drop in the unduplicated count between last October and this October, a change staff estimated cost the district about $70,000 in LCFF funding.
Board members clarified that the decline reflected a change in application submission rather than an immediate shift in student qualifications. Staff said families who complete low-income/meal applications help the district’s LCFF unduplicated count and that outreach to families remains a priority.
The board moved to approve the first interim report; the motion passed by voice vote. Staff noted upcoming fiscal checkpoints, including the annual audit and the governor's budget proposal in January, and said the district will return with updated projections and LCAP planning work in spring.
