NMUSD staff recommend "positive" second interim certification; trustees ask for reserve strategies

District Chief Financial Officer Jeff Dixon presented the 2025–26 second period interim report to the board on March 10, recommending a positive certification. The report showed revenues up roughly $3.5 million and expenditures up about $4.8 million compared with prior interim figures, largely driven by adjustments to restricted categorical funds. The district’s projected ending fund balance at second interim was reported as about $64.6 million, translating to roughly a 13% reserve.

Dixon flagged a likely short‑term borrowing later in the fiscal year to manage cash flow — a common practice for California districts when property‑tax receipts concentrate in December and April — and explained that the district may need to borrow from internal or short‑term mechanisms until receipts arrive. He described a mid‑ and multi‑year outlook showing pressures on unrestricted general‑fund changes in 2026–27 and asked trustees to continue pursuing efficiencies and internal capacity building.

Trustees asked for clarifying figures (percent of students taking AP courses, how encumbrances align with expected outlays) and for more detail on potential borrowing amounts and interest. Dixon said the borrowing amount and interest rate were still being evaluated and that staff would return with specifics as estimates firmed up. The board voted to approve the second interim report by roll call (unanimous).