Board adopts second interim financial report; consent agenda approved

The Lakeside Union School District board voted to adopt the district’s 2025–26 second interim financial report after a motion, a second and a roll call. District business official Lisa Davis presented the report, saying assumptions from the December interim remained largely unchanged; the district lowered its ADA projection to 96% (from an earlier target of about 97%). Davis reported a projected reserve of 3.48% against a mandatory 3% reserve for districts of Lakeside’s size.

Davis reviewed revenue sources, emphasizing Local Control Funding Formula (LCFF) state aid alongside about $15 million in local property taxes and developer-fee receipts (she noted roughly $300,000 incoming from an Elman Hall development). She said salaries and benefits consume about 85% of total expenditures, and multi-year projections leave the district in a certified status with county and state.

Following the financial presentation the board moved to designate and adopt items for the consent agenda. During the roll call on designation one trustee said, "I opposed," but the designation and subsequent consent-agenda adoption carried after motions and seconds.

Records in the transcript do not provide a roll-call tally or identify which trustees voted yes or no on specific items. The transcript shows the motions, seconds and the chair’s announcements that motions passed.

Why it matters: Adoption of the second interim report confirms the district’s current budget assumptions and reserves, which underpin near-term spending and program decisions.

What’s next: Staff will implement the budget as adopted and return regular updates; the board scheduled routine follow-up and monitoring.