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Weaver Union board certifies first interim budget; business officer reports $1.1 million in unexpected LCFF revenue
Summary
District staff presented the first interim budget showing a combined beginning balance of $24.46 million, projected reserves of about 12.16%, and an increase in unduplicated pupil percentage that brought roughly $1.1 million in additional LCFF revenue. The board approved a positive certification.
The Weaver Union School District board reviewed and approved the first interim budget report after a presentation by the district business official.
The presenter apologized for late distribution of budget materials, citing a recent illness, and said the packet released that evening reflected working numbers rather than a finalized audit. Key figures presented included a combined beginning balance of $24,460,000, combined projected revenues of $56,553,000, combined expenses of $56,705,000, and an ending combined fund balance of $24,308,000. The presenter noted the unduplicated pupil percentage used in the LCFF calculation rose from 62.69% to 87.12%, producing approximately $1,100,000 in additional revenue that will be held for the LCAP until it is assigned.
On multi-year projections, the business officer described assumptions for attendance/ADA and benefit rates, noted projected reserves of about 12.16% and cautioned that reserves decline in later years as one-time COVID funds diminish. The presenter said the district has moved some positions previously paid by ESSER (COVID) funds into ongoing unrestricted funding streams where possible and is considering learning-recovery block grants to sustain positions.
Board members asked clarifying questions about grant eligibility (including Prop 28 and CCSP, the California Community Schools Partnership Program) and which expenditures could be sustained without supplanting existing programs. The business official said some waivers would be applied for to use new funds for supplies and that the district would continue to monitor multi-year implications.
After discussion, the board moved and seconded to approve the first interim budget report and to issue a positive certification of the district's ability to meet its financial obligations; the motion carried by voice vote.
The board noted several restricted balances and capital funds on hand, including roughly $8.2 million in building-plan funds earmarked for a new school and $2.1 million in developer fees.
