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Board approves second interim budget showing stronger reserves and $22.6M estimated ending balance
Summary
Roseville Joint Union High trustees approved the district’s second interim budget on March 10; staff reported a projected ending general fund balance of about $22.6 million and outlined next steps for the 2026–27 budget process.
The Roseville Joint Union High School District Board of Trustees voted to approve the district’s second interim financial report for the period ending Jan. 31, 2026.
Senior Director of Accounting Lauren McGee told trustees the general fund position was stronger than originally projected: "Second interim results also provided an additional increase of almost $58,000, bringing our total estimated ending fund balance to about $22,600,000," she said. McGee highlighted an almost $1,000,000 increase in projected special‑education revenue tied to SELPA contributions and noted multi‑year projections that keep required state and board reserves through 2027–28.
Trustees asked technical questions about the reserve cap expected in 2026–27 and discussed options to transfer funds to a pension trust to remain below a 10% cap. McGee said staff would follow up on potential transfers and modeling and confirmed the district is continuing site‑level budget development; the public hearing on the 2026–27 budget is set for May 26 with adoption planned for June 9.
After discussion, a trustee moved and another seconded approval of the second interim report; the motion carried by voice vote.
