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Board certifies second interim despite concern that reserves are eroding
Summary
Trustees certified the district can meet financial obligations for 2025-26 after hearing the second interim: unrestricted ending balance reported at $11.9 million, total expenditures $243.2 million, and multiyear projections show reserves falling in future years, prompting trustees to warn of deficit risks and request follow-up.
The board voted to certify the district's second interim financial report after a staff presentation that summarized revenue, expenditures and multi-year projections.
Staff noted a 2.3% COLA for the year, projected ADA of 10,026.1, a modest increase in unduplicated pupil count, and several one-time state funds that support the current certification.…
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