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Milpitas Unified presents first interim budget, projects positive certification while warning of building-fund transfers
Summary
District staff told trustees the 2025-26 first interim shows a positive certification but an $8.3 million unrestricted shortfall that staff plan partly to cover with transfers from the building fund; trustees asked for follow-up on staffing funded by one-time grants and reserve depletion.
Staff presented Milpitas Unified School District's first interim budget for 2025-26, reporting a positive financial certification to be submitted to the Santa Clara County Office of Education while flagging a projected unrestricted variance of about $8.3 million that will require offsetting transfers and budget adjustments.
The business services presentation, delivered to the board on Dec. 9, summarized revenue and expenditure projections as of Oct. 31, 2025. General fund revenue was shown at roughly $173.3 million, about 74% of which comes from LCFF/ADA funding. Expenditures were projected at approximately $186 million, leaving a structural gap staff said will be managed in the near term using one-time transfers from the district's building fund and other reserves.
Why it matters: a positive certification means staff projects the district can…
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