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County Office budget staff report estimated $3.8M improvement to ending balance but project adopted budget shows unrestricted deficit
Summary
Deputy Superintendent Lian Reyes told trustees the estimated 2024–25 ending fund balance rose by about $3.8M to $42.0M; the proposed 2025–26 adopted budget forecasts total revenues of about $74.2M and expenditures of about $80.9M, producing a projected unrestricted deficit of roughly $3.8M while maintaining statutory reserves.
Deputy Superintendent of Business Services Lian Reyes presented the COE's estimated actuals for 2024–25 and the proposed 2025–26 adopted budget. Reyes said revenues and transfers in increased by roughly $2.3 million versus 2nd interim and expenditures decreased by about $1.4 million, producing a $3.8 million improvement to the estimated ending fund balance (now about $42.0 million). She emphasized that several large restricted grants and encumbrances affect how the restricted budget appears on paper.
For the proposed 2025–26 adopted budget, Reyes said the COE projects unrestricted revenues at about $33.5M and restricted revenues at about $40.6M (totaling roughly $74.2M), with total expenditures of about $80.9M. That produces an estimated unrestricted deficit near $3.8M under conservative assumptions (including funded ADA smoothing and modest COLA assumptions). Reyes noted the COE remains within statutory reserve requirements and that grant awards not yet confirmed will not be included until formally awarded.
