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Rocklin Unified projects healthy reserves but acknowledges reduced intervention services as COVID recovery funds end
Summary
Deputy Superintendent Jennifer Stallber reported a $2.4 million increase in revenues since the first interim, driven in part by grants for electric buses, but rising expenditures — including capital outlay and a one-time 3% salary adjustment — left a lower estimated ending fund balance even as the district retained required reserves and earned a positive certification.
Deputy Superintendent Jennifer Stallber told the Rocklin Unified School District board that the district—s second interim report (financial position as of Jan. 31) shows total revenues up about $2.4 million since the first interim but that expenditures rose faster, largely because of capital outlay for electric buses and a one-time 3% salary adjustment.
Stallber said the revenue increase included small LCFF adjustments and federal program changes, while other local revenue rose by more than $2.5 million after the district budgeted recently awarded grants for electric buses. "We've replaced eight buses already and are on the road to replacing eight more," she said, adding the district will spend less than $1 million out of pocket on that replacement thanks to grant funding.
Context and why it matters: Stallber said the end of one-time state and federal COVID-recovery funds required the district to re-evaluate intervention services. Superintendent Stock clarified the district's recommendation to the board: "I did recommend to the board that the district allocate approximately 1.4 million of ongoing dollars from the district's general fund to continue a reduced amount of these services next school year," Stock said. She added that the district's approach avoided layoffs of USD staff and that some temporary positions remained temporary.
Key numbers and fiscal posture: Stallber presented a breakdown that showed LCFF comprises the majority of revenue, federal funds about 2.12%, and other local/state funds covering the remainder. She said the district's projected ending unrestricted fund balance is lower than in the first interim because expenditures outpaced revenue increases, but the district meets the required 3% reserve and remains "very healthy" with a positive certification.
Board action: Trustees moved and approved the second interim report and budget revisions by roll-call vote. The public record showed the motion passed with the following recorded votes: Kylie Johnson, yes; Tiffany Sat, yes; Derek Counter, yes; Julie Hup, yes; Michelle Sutherland, yes; Michelle Price, yes.
What the district will do next: Staff said they will provide more-specific lists of which intervention supports were reduced at site level and will continue monitoring costs heading into the May revise. Stallber said multi-year projections improved after staff reworked out-year assumptions and removed double-counted carryover estimates.
Ending: The board approved the second interim report and directed staff to return with additional specificity on program reductions and options for one-time facility funding at a later meeting.
