Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Reserves Rda topic
No spam. Unsubscribe anytime.
Presenter says Sonoma Valley ends 2025–26 with roughly $10M general fund and 5.5% reserves
Summary
Budget presenter told trustees the district’s unrestricted ending fund balance is about $5.1M–$5.2M (unrestricted) leading to a roughly $10.04M general fund balance overall and roughly 5.5% reserves excluding a $1M committed reserve; he recommended budgeting RDA residuals at 75% for the next two years and creating restricted equipment/curriculum funds.
The district’s budget presenter (identified in the meeting as Chris) told the board staff projects the district will have a roughly $10.04 million general fund going into next year and an unrestricted ending fund balance of about $5.1M–$5.2M after revisions to the 2025–26 budget. "Your total revenue is about 61,000,000... you have about 400,000 more in revenues than you have in expenditures... and then your projected ending fund balance, which is 5,100,000 or 5,200,000," the presenter said.
Staff described components of the ending balance: required 3% reserve for economic uncertainty, restricted balances (~$5.263M) and a board‑committed $1 million set aside (proceeds from a lease/sale of a cell tower). The presenter recommended budgeting residual distribution (RDA) receipts at 75% for the next two years rather than the county office recommendation of 50% or a full 100%, and suggested earmarking any RDA above the 75% projection into restricted capital or equipment resources.
Trustees and staff discussed whether the $1M should be moved into Fund 40 (capital outlay) or remain a committed item; staff said they can show the transfer in the adopted budget if the board prefers. The presenter said he will finalize assumptions and present comparative spreadsheets and narrative for the June 11 public hearing and the June 18 adopted budget action.
