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Preliminary FY2026 results: revenues 101% of budget, fund balance at 50%
Summary
Assistant superintendent Dr. Kevin Warner reported preliminary unaudited fiscal 2026 results: revenues at 101% of budget, expenditures at 97%, and a fund balance of 50% (above policy range) with plans to redeploy reserves into facility investments.
Dr. Kevin Warner, assistant superintendent of finance and operations and the district’s chief school business official, presented preliminary unaudited results for fiscal 2026. “Our preliminary unaudited results for fiscal 26 came in and revenues were 101% of our budget,” he said, adding that expenditures came in at 97% of budget and the fund balance sits at 50%, temporarily above the district policy range of 30 to 35%.
Warner told the board the higher fund balance reflects strategic redeployment plans: “This is temporarily above our policy range of 30 to 35% as we strategically redeploy reserves over the coming years into our facility investment projects.” The presentation also included an investment update and the administration’s plan to refine budget assumptions ahead of the formal public hearing in September.
