Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves Ventura Unified second interim report showing short-term reserves but widening out‑year deficits
Summary
Ventura Unified staff presented a second interim report showing a positive certification for 2025–26 with roughly $26.8M in unrestricted reserves; the district projects reserves falling to about 4% in out years and a possible $11.4M deficit by 2027–28 under current assumptions, prompting discussion of further reductions and reliance on one-time funds.
The Ventura Unified School District board approved the district’s second interim financial report after a staff presentation that framed the current-year position as stable but warned of deteriorating out-year forecasts.
"The fiscal status of our second interim report is positive certification," Chief Business Official Dr. Mirza told the board, noting the district currently projects an unrestricted general fund reserve of roughly $26.8 million, equal to about a 10.25% reserve for 2025–26. He said that without additional revenue or cuts, reserves could fall to about 4% in an out year and that one multi‑year scenario showed an $11.4 million deficit in 2027–28.
Mirza reviewe…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
