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PVPUSD presents LCAP and adopted budget assumptions; estimates $6.5M operating deficit and $23.9M ending balance
Summary
At a public hearing, district staff reviewed the Local Control and Accountability Plan (LCAP) and the adopted 2026–27 budget assumptions: projected combined operating deficit $6.5M (largely timing/restricted funds), combined ending fund balance $23.9M, and district priorities tied to English learner supports and special education; board set June 24 for formal adoption.
The Palos Verdes Peninsula Unified School District on June 10 presented its Local Control and Accountability Plan (LCAP) and the financial assumptions used for the 2026–27 adopted budget, outlining accomplishments and continuing challenges while setting a June 24 public meeting for final adoption.
District presenters highlighted academic gains — a 98% graduation rate, nearly 80% college and career readiness, and increases in AP participation — while noting persistent gaps for English learners and some students with disabilities. Chronic absenteeism was reported at 8.1% districtwide.
Finance staff outlined changes since the second interim budget and said the district’s projected combined operating deficit decreased from $6.7 million to $6.5 million at estimated actuals. They explained that the deficit includes $3.7 million tied to restricted funds received in a prior fiscal year and roughly $900,000 in prior-year gifting/parcel tax carryover, leaving an estimated $1.9 million structural deficit in the unrestricted general fund.
The presentation listed components of the district’s $23.9 million projected ending fund balance, including an unrestricted ending balance of $9.7 million and a restricted ending balance of $8.7 million. The required 3% reserve for economic uncertainties was cited as $5.4 million.
Budget staff reviewed state-level developments from the May Revise, including an increase in the statutory COLA assumption to 2.87% for 2026–27 and the state proposal to raise certain special education base rates; staff said they had not built possible May Revise augmentations into the adopted budget because they are not yet final. Staff also flagged the potential local reserve cap requirement tied to above‑10% district reserves and said the board would consider a related resolution on June 24.
PBFA (teachers’ union) representatives addressed the board earlier in the meeting and urged a more “generous offer” at the bargaining table, warning that member support could wane without improved proposals; district leaders said negotiations will continue and that one‑time state funds complicate multi‑year budgeting.
What happens next: The board scheduled formal adoption of the LCAP and the district’s 2026–27 budget at its June 24 meeting. Staff will continue to monitor final state budget actions and labor negotiations and present unadopted actuals in September.
— Reporting from the Palos Verdes Peninsula Unified School District board meeting on June 10, 2026.
