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Lake Arrowhead CSD previews two-year draft budget that plans $28.8M in FY27 capital projects
Summary
Finance Manager John O'Brien presented draft budgets projecting FY 2026-27 revenues of about $26.4 million, expenses of $22.7 million (net ≈ $3.7M), and planned capital expenditures of approximately $28.8 million; final budget adoption is scheduled for June.
Finance Manager John O'Brien presented the District's draft budget schedules for FY 2026-27 and FY 2027-28. He said the FY 2026-27 draft projects roughly $26.4 million in revenues and $22.7 million in expenses for a projected net income of about $3.7 million; FY 2027-28 projects about $27.4 million in revenues and $23.2 million in expenses with a projected net income of approximately $4.2 million. "The proposed FY 2026-27 draft budget includes approximately $26.4 million in revenues and $22.7 million in expenses, resulting in a projected net income of approximately $3.7 million," Mr. O'Brien told the Board.
Mr. O'Brien also reviewed planned capital improvement expenditures totaling approximately $28.8 million for FY 2026-27 and $29.6 million for FY 2027-28. He said the completed budget book will be presented at the next Board meeting, with final budget adoption scheduled for June. Board members asked questions and public comment was received during the presentation.
