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Board adopts 2026–27 budget and approves cash‑flow tools including interfund transfers and county line of credit
Summary
Trustees unanimously adopted the 2026–27 budget and approved temporary interfund transfers and a county‑treasury line of credit for intra‑year cash flow. Staff flagged a potential $4.6M special‑education funding impact tied to SELPA changes and said some one‑time funds may appear in state allocations.
The Santa Rosa City Schools Board adopted the district’s proposed 2026–27 budget on June 24 and approved financial resolutions to maintain in‑year cash flow.
Budget highlights from staff included a proposed 1.44% COLA projection, a possible $10 million in one‑time discretionary block grants, and a projected net special‑education funding change (approx. $4.6 million) tied to changes in AB602 and SELPA funding formulas. Staff said exact impacts depend on pending state budget actions and AB602 recalculations.
To ensure operating cash between major revenue receipts, trustees approved a resolution authorizing temporary interfund transfers (Resolution 2526‑85) that allow restricted fund reserves to be temporarily used as intra‑year cash, with interest tracked and returned to source funds. The board also authorized seeking a county‑treasury short‑term line of credit (Resolution 2526‑86) for the same purpose; staff said the county rate would be modest relative to outside borrowing.
Trustees discussed governance and transparency around using a county line of credit; they asked that each use be reported to the board with reason and repayment expectations. All motions passed unanimously.
The board approved the budget with the expectation that any mid‑year adjustments or identified actions tied to SELPA transition work would be incorporated in required 45‑day revisions.
