SRVUSD second‑interim report shows planned $14.8M drawdown; staff recommends 'positive' certification
District staff told the board the second‑interim budget reports combined revenues of about $470 million and combined expenditures of about $485 million, producing a planned $14.8 million deficit driven largely by restricted spend‑downs; the board approved the certification as recommended.
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District finance staff presented the 2025–26 second‑interim report showing combined revenues of roughly $470 million and combined expenditures of about $485 million, leaving a planned combined deficit of approximately $14.8 million that staff described as intentional and funded largely through restricted grants and one‑time revenue.
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