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Budget committee: midyear review shows roughly $1.08M projected deficit; revenue projection slightly lower for 2026–27
Summary
Finance staff told the budget committee that year‑to‑date collections stood at $68,959,815 and expenditures at $69,233,188, with a projected general‑fund deficit of about $1,081,379; the committee sent midyear revisions and revenue projections to the full board for approval and approved declaring 17 buses surplus.
Finance staff reported the budget‑to‑actual position and a modest projected general‑fund deficit as the budget and finance committee met to review midyear numbers and revenue projections for 2026–27.
The presenter reported $68,959,815 collected year to date (about 75.62% of expected revenue) and $69,233,188 expended (about 75.03% of budgeted expenditures). "About 1,000,000," the presenter summarized when asked for the projected deficit, and later gave the midyear projected deficit specifically as $1,081,379. The presenter also outlined draft revenue projections for fiscal year 2026–27: the board‑adopted midyear general‑fund revenue was shown as $91,193,752 and draft projections for 2026–27 were $90,428,371 — a net decrease the presenter summarized as about $765,381. The presenter attributed the change to several drivers including a projected 5% increase in sales tax collections and an estimated loss of roughly 150 students, which affects MFP funding.
On routine matters, the committee voted to send the official‑journal bid solicitation to the full board for approval. The committee also approved a motion to declare 17 buses surplus and authorized the superintendent to dispose of them by legal means; staff explained that many of the vehicles are being used for parts and that remaining units are essentially scrap, and that disposal or auction was the intended route.
All items described above were carried by committee motion and will be forwarded to the full board where final approvals and any necessary appropriations will occur.
