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District finance director outlines 2025'26 budget outlook and LCAP priorities
Summary
District staff reviewed the May revision to California's 2025'26 budget, described key Proposition 98 and TK allocations, noted deferrals affecting cash flow, and presented district projections (roughly $56 million revenue/expenses and a projected ending fund balance of about $19.0 million).
District finance and administrative staff presented an update on the 2025'26 state budget revision and the district's Local Control and Accountability Plan (LCAP) priorities.
The presenter (transcript label S3) summarized the May revision to the California budget and highlighted allocations directed to K'12 education, saying the revised budget "protects the key investments in public education, especially in early learning and student support programs." The presenter cited several high'level figures from the state budget: a major investment to roll out universal transitional kindergarten (TK) and roughly $525 million allocated for expanded before, after and summer programs, along with a 2.3% COLA built into LCFF projections.
At the district level, the presenter told the board the district is "receiving $13,000,000 in our LCAP funds" and that projected revenue and expenses each approximate $56,000,000, with an ending fund balance projected at about $19,000,945. The presenter noted some budget deferrals in the state plan that could affect cash flow (deferred payments from June 2026 to July 2026), and described restricted and unrestricted ending-fund components that the district continues to monitor.
Board members and staff discussed reserve targets and one'time funding practices. The presenter said the district's reserves currently fall short of a 12% target (estimated in the meeting as roughly $6.8 million needed for 12%); the presenter recorded an ending unrestricted balance of about $5.8 million and discussed strategies to protect ongoing services while using one'time funds for recovery and targeted programs.
The presenter also described state-level technical details that affect local planning (STRS/CalPERS rates and minor fluctuations, restrictions on certain categorical funds such as arts and music spending, and considerations relating to learning recovery grant spending). The board asked for more granular reports and the presenter said staff will bring additional fund-level detail at the next meeting.
Next steps: staff will return with additional fund detail and an updated second interim comparison of the 2025'26 projections at the next scheduled meeting.
