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District presents 1st interim budget report; reserves strong but state and federal budgets remain contingencies
Summary
Chief Business Officer Miss Montalvo told the board the 2025–26 1st interim report shows a healthy reserve position and multiyear projections that assume a state COLA; she warned federal and state budget uncertainty could affect projections and noted rising special education costs.
Chief Business Officer Miss Montalvo presented the district's 2025–26 1st interim budget report covering July through October and described multiyear projections based on current state and federal assumptions. She reported the district "continues to have a strong reserve" and that roughly 80% of revenue is spent on salaries; she also noted contingencies tied to the governor’s January budget proposal and an unresolved federal budget.
Miss Montalvo said enrollment figures in the presentation were "Enrollment is at 14 43" and that average daily attendance was projected at "13 72" (as stated on the slide). She warned special-education costs and revenue require monitoring despite recent adjustments to SELPA funding. Board members asked for clarification on the COLA assumptions and what components were included in the "other outgo" portion of the budget pie chart; staff responded that "other outgo" can include equipment, capital expenses and special-education outlays.
The board approved the 1st interim report and later approved related revisions and postings to the district's budget software; trustees emphasized ongoing monitoring as state and federal budget items develop.
