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Finance chair warns FY27 tentative budget lacks cushion, projects $31,110 deficit
Summary
Dr. Matt Gordon told the finance committee the FY27 tentative budget projects a -$31,110.21 deficit, is less conservatively constructed than past tentative budgets, and may require expenditure reviews if unforeseen costs arise.
Dr. Matt Gordon said the preliminary FY27 tentative budget projects deficit spending of -$31,110.21 and that the tentative budget was constructed significantly less conservatively than in previous years. He cautioned the committee that if unforeseen circumstances occur the FY27 budget has less capacity to absorb additional costs compared with past tentative budgets.
Gordon outlined the general process the district would use if it needed to find financial solutions in FY27 or FY28: a comprehensive review of administration, staffing levels, services, equipment and supplies, and any other potential expenditure reductions. The committee discussed the approach but did not take formal action at this meeting; Gordon emphasized that, despite the projection, the district currently maintains healthy fund balances.
