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District projects positive multi‑year budget but trustees ask staff to document a 17% reserve option
Summary
CBO McReynolds presented the 2nd interim budget showing positive cash balances through out‑years but uncertainty in state revenues; trustees asked staff to draft resolution language to show a 17% reserve for economic uncertainty and to return with options at the next meeting.
CBO McReynolds reviewed the district’s 2nd interim budget, describing state‑level uncertainty in the governor’s proposed 25‑26 budget versus the Legislative Analyst’s Office projection and noting Proposition 98 projections. He said district LCFF revenue was estimated at about "$17,780,000" and described current and projected expenditures, special education costs, and one‑time spending drivers.
McReynolds told trustees the district's current multi‑year projection remains financially stable and that many apparent year‑to‑year deficits reflect one‑time funds that must be expended. Trustees raised concerns about the reserve percentage and asked staff to prepare resolution language that would display a 17% targeted reserve for economic uncertainties in the budget documents. McReynolds said he would draft possible resolution language and return to the board for action.
