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Chico Unified staff present first interim budget; board self‑certifies as "positive"
Summary
Finance staff presented the district’s 2025–26 first interim budget and multiyear projections, noting a modest unrestricted deficit (~$830,000) tied to ADA assumptions but maintained reserves; the board approved the interim budget and self‑certified its status as "positive."
Finance staff presented Chico Unified’s first interim budget for 2025–26 and a multi‑year projection through 2026–27. Staff said assumptions mirror the State adopted budget and Governor’s May revise, including a cost‑of‑living adjustment near current estimates and an unduplicated pupil percentage three‑year average of about 57.3 percent (helpful for supplemental funding).
Key fiscal points staff highlighted: the district projects a modest deficit on the unrestricted side (approximately -$830,000), 94% of unrestricted revenue comes from the LCFF (driven by ADA and unduplicated pupil counts), special‑education contributions total roughly $27 million (about 61% of program costs), and transfers in include redevelopment pass‑throughs used for routine restricted maintenance. Staff noted cash‑flow seasonality (November low, property‑tax receipts in December) and said the district can meet required reserves in the third year per AB 1200 requirements.
Board members asked questions about a possible statewide shift from ADA to enrollment funding and potential impacts. Staff said such a change would be phased and not immediate; some districts would benefit while high‑attendance districts could be disadvantaged. After discussion, the board approved the interim budget and indicated it would self‑certify as "positive."
Why this matters: The interim budget and certification communicate the district’s current fiscal health, assumptions driving staffing and program decisions, and the district’s plan to meet reserve requirements.
