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Board approves 2025'1026 first interim report showing $33.4M deficit and $55.3M ending balance; members press for carryover clarity
Summary
The Marysville Joint Unified Board approved the 2025'1026 first interim financial report after a detailed presentation of unrestricted and restricted funds, multi-year projections, and carryover items; trustees pressed staff for clarification on a $16.9 million increase in books and supplies tied to restricted carryover.
The Marysville Joint Unified Board of Trustees voted unanimously on Dec. 9 to approve the district's 2025'1026 first interim financial report after a full presentation and Q&A with district fiscal staff.
"Miss Jennifer," the district fiscal presenter, reviewed differences between the adopted budget and first interim, explaining a $1.1 million increase in unrestricted revenues (largely from LCFF adjustments and unduplicated pupil counts), a $12.8 million increase in restricted revenues (carryover and new grants), and a combined $33.4 million deficit for 2025'26 offset by a $55.3 million ending fund balance made up of unrestricted reserves and restricted carryover.
Key details discussed:
- Restricted revenue increases: $12.8 million, driven by federal title carryover and state grants, including a student support and PD grant added in the enacted state budget. - Restricted expenditures: $32.5 million increase, largely budgeting prior-year carryover for programs such as expanded learning, CTE, titles and textbook/technology adoptions. - Books and supplies line: a $16.9 million increase attributed to restricted carryover for textbook adoptions and other program needs. - Multi-year projections: deficit spending projected in future years but subject to change when one-time state dollars are factored in at second interim.
Board members asked for clarity on timing and whether large carryover amounts would be spent in 2025'26 or reserved for future textbook adoptions. The presenter explained closing-of-books timing, carryover accounting practices, and that some sums would likely remain assigned in fund balance for planned adoptions.
After the discussion the board approved the first interim report by motion; vote recorded as 6'0to' 0 in favor. Trustees were scheduled to receive a second interim update in March to reflect enacted state budget adjustments and any changes to carryover spending plans.
Outcome: motion to approve the 2025'26 first interim financial report passed unanimously.
