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Farmersville Unified board approves positive financial certification despite projected multi-year deficit
Summary
The Farmersville Unified School District board voted 5-0 to approve the district's second interim report and a positive certification of financial status on March 10, 2026. District staff said current reserves and cash flow meet certification criteria but projected multi-year deficits will reduce fund balance over time.
The Farmersville Unified School District Board of Trustees voted unanimously Wednesday to approve the district's second interim report and issue a positive certification of its financial status.
The district's business-services presenter told trustees the general fund's projected revenue for the year is approximately $51.9 million, with enrollment and attendance providing about $37 million (roughly 71 percent). Projected expenditures were listed at about $59 million, with certificated salaries accounting for about one-third of spending. The presenter said the projected unrestricted ending fund balance for the year is roughly $14.76 million and that the district meets the criteria for a positive certification.
"We do meet all of the criteria," the district presenter said during the report, noting the district maintains positive cash flow and reserve minimums. The presenter also warned that the district faces a structural deficit over the multi-year outlook: projected ending fund balance falls to about $12.5 million by fiscal year 2027-28 under current assumptions.
Trustees pressed staff on how long reserves would cover payroll in a worst-case scenario. The presenter estimated the current reserves would cover about six to seven months of payroll if expenses remained fixed, but cautioned that the estimate assumes no additional fluctuations in costs or unforeseen obligations.
Board members also asked about grant expirations. The presenter said some one-time grants, including arts-and-music and learning-recovery funding, will sunset and that the district is exploring options to reassign positions where permitted or apply for new grants to continue services.
Trustee John Alvarez moved to approve the second interim report and a positive certification; Alice Lopez seconded. The motion passed 5-0.
The certification will be submitted to the Tulare County Office of Education for review and then forwarded to the California Department of Education as required. Officials said the approval does not change the district's plans to monitor enrollment trends, grant expirations and potential budget adjustments over the coming years.
