Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the District Budget topic
No spam. Unsubscribe anytime.
CNUSD presents second interim budget; district projects $242.5M ending fund balance and says layoffs not expected
Summary
Finance staff told the Corona‑Norco Unified School District board that the 2025–26 second interim budget projects an ending fund balance of $242.5 million, an ADA of 46,256 and revenue gains driven by interest and Medi‑Cal billing; the board pressed staff on statewide layoffs and district leaders said they do not anticipate layoffs.
Patty Sanchez, the district budget lead, presented Corona‑Norco Unified School District’s 2025–26 second interim budget and multiyear projections, telling the board the district is meeting AB 1200 solvency requirements.
Sanchez said the district certified a 72% unduplicated pupil percentage and adjusted average daily attendance to 46,256. She said the second‑interim column projects an ending fund balance of $242,500,000, with committed funds of $20.9 million and $112.7 million in restricted grants. The presentation listed $2.4 million in revolving cash and prepaid expenditures, $86.1 million in other assignments (including $31.5 million in LCAP carryover) and a required 2% reserve of $20.4 million.
Sanchez described total projected revenue for 2025–26 as higher than the first interim by roughly $13.4 million, attributing most of that increase to interest income and Medi‑Cal billing. She said projected expenditures rose by about $800,000 over the first interim and cited changes in services, books and supplies, utilities, transportation and step/column costs as drivers of that increase. Sanchez also walked the board through capital commitments (including Envision and two future school sites) and a multiyear projection that models COLA and statutory benefits.
When a board member asked whether recent statewide layoffs and district closures pose a risk here, Glenn Gonzales responded that the district is "looking at a healthy budget" and does not expect layoffs, adding that staff and the business office are working to preserve staffing and programs despite declining enrollment.
The presentation noted that AB 1200 requires the district to demonstrate fiscal solvency for the current year and two subsequent years, and Sanchez said the multiyear projection reflects that requirement. She also described how the CNTA bargaining agreement’s funding formula allocates new LCFF revenue to step/column and benefits before calculating any net available funds for compensation increases.
The board was invited to ask questions and Sanchez said updated enrollment and attendance assumptions will be brought back with the proposed budget in June.
Next steps: the budget was presented and board members asked clarifying questions; a positive certification for the 2025–26 second interim budget is included later on the consent agenda for board action.
