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Board approves revised FY26 budget and preliminary FY27 budget showing planned deficit spending
Summary
Business staff presented a revised FY26 budget (projected overspending ~$72,000) and a FY27 preliminary budget projected to deficit-spend $565,747; the board approved both the revised FY26 and preliminary FY27 budgets and discussed fund-balance targets and legislative risks.
District business staff presented the revised FY26 budget and the proposed FY27 preliminary budget. The FY26 revised figures show a projected overspend of about $72,000; the FY27 preliminary budget shows deficit spending of $565,747. Staff said key assumptions include a 2.7% state-aid formula increase and an estimated average daily membership (ADM) of 914, and they noted the district expects about 90 seniors to graduate and a reduction in incoming students matching the demographic trend. The fund-balance target (unreserved fund balance) used by the board is stated as $2,834,206 (the board had adjusted its target to 20%).
Staff walked through changes by fund (general fund increases in salaries and benefits, a $963,000 revenue decrease in certain lines driven by enrollment decline and grant changes, adjustments in transportation and capital funds, and a cybersecurity grant change from $50,000 to $22,000). Board members discussed the need to monitor compensatory-revenue formula changes and special-education funding adjustments at the state level. On a motion and second, the board approved the revised FY26 and preliminary FY27 budgets and noted it may revisit the budget if conditions change.
