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Finance director: district financial position stable; revenue at ~70% and spending at ~44%
Summary
Director of Finance reported the district's financial position is stable with total revenue at about 70% of budget and year-to-date expenditures at roughly 44%; salary and benefits were noted as the largest budget pressure.
Director of Finance Mister Wong told the board the district's financial position "remains stable and on track with our adopted budget," reporting that total revenue is at about "70% of our budget" and that expenditures are at about "44% of our total budget" year‑to‑date. He said state revenue is performing slightly ahead of last year, in part because of modest enrollment growth.
Wong acknowledged that salary and benefits are higher and remain the primary cost driver, but said other spending areas remain well controlled. Board members thanked the finance office for charts and clear data; no budget adjustments were proposed at the meeting, though staff cautioned that budget planning for '26–'27 will be challenging given longer‑term revenue uncertainty.
