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Board approves 2025'26 first interim budget; staff outlines revenue assumptions and special-ed cost pressures
Summary
Trustees received a first interim budget showing combined revenues of about $26.2M and unrestricted revenue of about $19.4M, heard that special-education costs and expiring one-time grants drive deficit spending, and approved the interim update.
District finance staff presented the 2025-26 first interim budget, a snapshot that uses unaudited actuals and state budgeting assumptions to project near-term fiscal health.
Staff explained state-level context (LCFF/Prop 98 assumptions, projected COLA) and the district's revenue picture: combined restricted and unrestricted revenue of approximately $26.2 million and unrestricted revenue around $19.4 million. The presentation highlighted revenue drivers such as unduplicated pupil percentage (66%), lottery funding and one-time block grants, and cautioned that three-year averaging and declining enrollment can reduce ADA funding over time. Expenditure notes emphasized certificated salaries as the largest unrestricted cost, increasing special-education costs (including county program placements and nonpublic school expenses), and the need to spend down certain one-time block grants or return them to the state.
Staff said the district remains positively certified at first interim and can meet obligations, but will continue to manage reserves and the spending of expiring one-time funds. Trustees asked questions about Medi-Cal billing, tiered ELOP funding, and cash-flow implications; staff said they would return with additional detail as needed. The board approved the 1st interim budget update by vote.
