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Board accepts unmodified audit, approves interim reports and adopts 2025–26 budget and LCAP
Summary
The Board accepted an unmodified independent auditor's report for 2023–24, approved interim financial reports, and adopted the 2025–26 budget and Local Control and Accountability Plan (LCAP), with staff reporting a projected 2025–26 deficit of $117,787 and a 5% reserve.
The Colusa County Board of Education accepted the fiscal 2023–24 audit with an unmodified opinion and a single internal control finding related to unearned revenue, then approved successive interim reports before adopting the 2025–26 budget and the 2025–26 Local Control and Accountability Plan.
On Dec. 16, 2024, James Marta & Co. auditor Spencer Blanda presented the Independent Auditor's Report for the year ending June 30, 2024, noting one finding on unearned revenue and no significant adjustments; the Board accepted the audit. In June 2025 staff presented the proposed 2025–26 budget during a public hearing and reported projections: a 2025–26 deficit of $117,787, a reserve for economic uncertainties of $1,109,153 (5%), and multiyear projections that show a surplus in 2026–27 and 2027–28 under current assumptions. The Board approved the 2025–26 budget and adopted the LCAP after discussion of staffing, rising salaries and benefits (noted as the largest expenditure category), and anticipated state funding levels.
