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Board schedules June 9 amended‑budget hearing and staff plans $17 million transfer to capital projects
Summary
District staff asked the board to set a June 9, 2026 public hearing on an amended budget and said they will transfer $17 million from working cash to capital projects to replenish funds used for construction; staff will present the amended budget for approval next month.
At the May 12 committee meeting district staff asked the board to set a public hearing on an amended budget for June 9, 2026 and described a planned transfer of $17 million from the district's working cash to the operations and maintenance fund and then to capital projects.
"We need to establish a date of June 9th, 2026 to hold the amended budget public hearing," the presenter told the board, saying the transfer reflects reimbursements and payments tied to recent construction activity, including the sports complex and middle-school work. The $17 million move is intended to replenish capital-project funding after expenditures earlier in the fiscal year.
Trustees asked for a follow-up FYI showing the remaining working‑cash balance after the transfer; staff said Mr. Johnson will present the amended budget for approval at the next meeting and offered to provide the requested balance figures in the FYI packet so the board can take action next Tuesday.
No formal vote on the amended budget occurred at the May 12 committee meeting; the hearing date was proposed by staff and will precede the formal presentation and vote in June.
