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Finance Committee hears $365,690 2025-26 deficit; fund balance projected at 15.92%
Summary
Deputy Superintendent Lisa Anderson told the Finance Committee that 2025-26 budget amendments show a $365,690 deficit that would reduce the district's fund balance to 15.92%; the Committee discussed implications and next steps for balancing the coming year’s budget.
Deputy Superintendent Lisa Anderson presented the 2025-26 budget amendments and reported a current shortfall. "Currently the budget has (deficit) revenues over expenditures of ($365,690) resulting in a reduction of the fund balance to 15.92%," Anderson told the Committee. Committee members discussed the recent budget meetings held with administrators and asked for additional analysis.
The presentation framed the deficit as the immediate reason for the amendments under review. The Committee did not take a final vote on amendments at the meeting; members requested continued review and further detail as the administration prepares proposals for corrective actions and for Board consideration.
