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Business office reports positive certification in second interim budget update
Summary
District business staff presented the 2025–26 Second Interim Financial Report showing a positive certification that the district can meet obligations for the current and two subsequent years; staff flagged a modest projected decrease in COLA and noted unchanged multi-year projections, while board members asked about next steps tied to the May revise and June budget adoption.
The district’s business office presented the second interim financial report covering fiscal activity through Jan. 31, 2026, and told the board the district has issued a positive certification for 2025–26 — meaning staff project the ability to meet financial obligations for the current and two subsequent years.
The presenter explained that the report is based on three‑year projections and the fiscal snapshot includes combined restricted and unrestricted funds. Staff noted an ending general‑fund balance in the multi‑year projection near $17,000,000 and reiterated that roughly 74% of general‑fund revenue is LCFF (local control funding formula) tied to average daily attendance (ADA). About 80% of the district’s expenditures remain payroll and benefits.
The business officer told the board the governor’s 2026–27 proposed budget shows a slight reduction in COLA and referenced a proposed one‑time block grant that states sometimes favor; staff said the May revise and the June state budget will determine final figures. Board members thanked business staff for the work and asked clarifying questions about the timing of revised state numbers, reserve requirements (3% statutory target), and the schedule for presenting the 2026–27 budget in June.
Why it matters: A positive certification gives the board and community assurance that the district expects to be fiscally solvent through the budget cycle and that staff will continue monitoring enrollment and state budget changes that could affect future revenue.
What’s next: Staff recommended the board approve the second interim report (the motion carried). The board will review May revise updates and receive the 2026–27 budget for approval in June.
