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District reports modest changes in 2025–26 first interim budget; proposes $700,000 transfer to building fund
Summary
The district’s first interim budget update shows revenues of $58,658,002.47 and expenses of $61,000,424.36; staff proposed moving $700,000 of interest into Fund 40 to support building projects and reviewed reserves, restricted resources and multiyear projections.
At the meeting, the district’s finance presenter (speaker 5) reviewed the 2025–26 first interim budget, reporting revenues of $58,658,002.47 and expenses of $61,000,424.36 and proposing a $700,000 transfer of interest income into Fund 40 (building fund) to cover near‑term projects.
Nut graf: The presenter said most line‑item changes were operational reallocations rather than structural budget increases, pointed to a $1.9 million incoming resource tied to after‑school programming and highlighted that multiyear projections improve as certain debt obligations (a certificate of participation) drop off in August 2027.
Key figures and context: the presenter showed the district’s unrestricted reserve rising to 9.5% after book‑closing adjustments, noted a modest LCFF increase that added roughly $190,000 related to TK funding, and explained that some one‑time funds will be spent down this year for program and deferred maintenance projects. The presenter said the district is carrying higher capital facility (developer fee) balances (~$4.0M) and recently received bond proceeds (about $14.7M) that can be used for projects.
Process and next steps: staff will finalize accounting transfers at year‑end if the board agrees; no formal budget adoption vote was recorded in this discussion and the presenter indicated the board can later move funds back if needed.
Representative quote
"We are bringing in $58,658,002.47," the finance presenter said, summarizing the revenue total; he added the board was being asked to move $700,000 of interest to Fund 40 so it can be used for building projects.
Ending: the presentation closed with requests for questions and item‑level clarifications; finance staff will provide follow‑up detail on reporting cadence for bond funds and return with any required items for formal board action.
