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Board reviews 2026–27 budget outlook and multi-year projections; staff flag state risks
Summary
Business staff reviewed estimated 2025–26 actuals and the proposed 2026–27 budget, reporting improved ending balance projections, higher LCFF revenue from attendance gains, and fiscal risks including state revenue volatility and a proposed paid pregnancy disability leave cost estimate.
The board received a detailed review of 2025–26 estimated actuals and the proposed 2026–27 general fund budget from district business staff.
Melissa (Business Services) said district revenue estimates improved by roughly $1.2 million since the second interim, driven primarily by higher LCFF receipts tied to improved attendance (ADA reported at about 97.83%). Estimated actuals show a modest positive swing; the district now projects an ending general fund balance near $960,000 after recognizing recent textbook and materials purchases.
Key assumptions noted for 2026–27 include a COLA estimate (2.87% in the governor’s May revision), projected enrollment of 4,025 and modest utility and CPI increases. Melissa flagged policy and fiscal risks, including state revenue volatility tied to personal income tax collections and a proposed statewide paid pregnancy disability leave that could create an ongoing local cost (the district’s rough estimate was approximately $160,000 annually if enacted as drafted). She also noted that special education funding increases in the governor’s proposal provide some relief against local special education costs.
Trustees asked clarifying questions about reserves, the 3.5% board reserve policy, the 10% “excess reserves” cap mechanics and procurement timing for textbook adoptions. Staff said final budget adoption will be brought back at the June 23 meeting with updated assumptions once the state budget is finalized.
