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Board adopts 2025-26 budget and authorizes temporary interfund transfers for cash management
Summary
Trustees adopted the district'wide 2025-26 budget and approved temporary interfund and county-treasury transfers to manage short-term cash flow and year-end budget adjustments; Business services staff explained the difference between cash borrowing and budget transfers.
The La Mesa-Spring Valley School District board adopted the 2025-26 district budget at its June 24 meeting and authorized temporary interfund transfers and a county-treasury transfer mechanism to manage cash and year-end budget cleanup.
Tina, who answered board questions about finance, explained the first transfer "is really about borrowing cash." She told trustees the interfund process lets the district borrow cash from one governmental fund (for example, a bond fund) and repay it within 120 days at fiscal-year end if necessary. "That one is really about borrowing cash," Tina said, distinguishing it from budget transfers.
Tina further explained a separate temporary transfer between funds and the county treasury is about moving budgeted dollars among object codes at year-end to prevent negative balances and does not change the total adopted budget. "This isn't even borrowing. It's just a matter of... pulling money out of your personal budget for groceries instead," Tina said, using an analogy to explain year-end adjustments.
Board members asked whether recent state or federal legislation required budget changes; staff said no material changes were anticipated and that items already on the district'wide radar had been included in the adopted budget.
The board approved the budget and the related transfer authorizations by voice votes as part of routine fiscal business.
