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Board accepts second interim financial report showing multi‑million revenue increases and updated expenditures
Summary
Finance staff told trustees the second interim report projects about $9.3 million in additional revenue since December—driven by federal and state grants and local program revenue—alongside planned expenditures including a ~$2 million security project; trustees voted to accept and file the report.
Trustees voted to accept and file the Kern County Office of Education's second interim financial report after finance staff presented updated revenue and expenditure projections through Jan. 31.
The presenter summarized projected revenue increases across multiple categories: LCFF sources were projected up by $222,853 principally from higher alternative education average daily attendance; federal revenue was projected to increase by $1,200,000 as Title and AmeriCorps funds were recognized; and other state revenue increased by roughly $6,300,000 driven in part by the k‑16 grant and a math professional learning partnership grant. The presenter said the net increase in recognized revenue since December totals about $9,300,000.
On the expenditure side, staff outlined more modest adjustments in alternative and special education lines and noted larger increases in county‑operated functions — about $11.5 million overall — reflecting newly recognized revenue and planned projects. The presenter specifically cited a security project around KCSOS facilities with an estimated cost of around $2,000,000.
Trustees asked clarifying questions about the data sources and program funding. In response, staff said the "fourth in the nation" STEM jobs claim referenced a Brookings study in conjunction with the Kern County Economic Foundation and pointed trustees to the linked study. Staff also explained that AmeriCorps is primarily federally funded but that the office sometimes allocates local resources when needed.
A motion to accept and file the second interim report was made and seconded; chair called the vote and the motion passed with no recorded opposition or abstention.
The acceptance of the second interim report meets the state reporting requirement for a midyear financial review and does not itself enact new appropriations; staff said they will return with updated projections in May as state budget negotiations evolve.
