Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Superintendent presents second interim budget update; board adopts interim report
Summary
District leadership presented the second interim budget update for 2024‑25, noting a small enrollment gain (17 students), LCFF revenue figures (~$124M) and updated COLA assumptions; the board approved the interim report and updated multi‑year projections.
The board received the district’s second interim budget update for 2024‑25, which reviewed fiscal activity since July 1 and updated multi‑year projections in light of the governor’s initial 2025‑26 proposals.
The presenter explained revenue assumptions and LCFF components, noted that the district’s COLA projection for 2025‑26 sits near 2.43% under current assumptions, and highlighted that 2024‑25 was the first year in over a decade the district did not lose enrollment (a net gain of 17 students per CALPADS certified data). The presenter also reviewed unrestricted ending‑balance considerations and cautioned that ending balances are one‑time dollars.
Trustees asked procedural questions about committee meetings and the timeline for estimated actuals and budget adoption; staff said the district will present estimated actuals and adopt the 2025‑26 budget at a June meeting and finalize books in August.
Board action: Trustees moved, seconded and adopted the 2024‑25 second interim report and updated multi‑year projections (item 12.8) by roll‑call vote during the action items; the motion carried.
Implications: Adoption of the interim report updates the district’s official budget of record and informs planning for the 2025‑26 budget, including staffing, LCFF allocations and one‑time expenditures.
