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County auditor reviews Sunol Glen USDs 2nd interim: FEMA funds, $3.8M bond note deposit and tightening reserves
Summary
Alameda Countys Cheryl Kaiser presented a 2nd interim report showing receipt of $542,000 from FEMA/Cal OES and a $3.8 million bond-anticipation-note deposit; multiyear projections still show revenue declines, and the district is considering one-time bridges to protect reserves.
Alameda County Office of Education analyst Cheryl Kaiser presented Sunol Glen Unifieds 2025-26 2nd interim report and recommended a "positive certification," saying the district can meet its financial obligations this year and the next two years while maintaining a 5% reserve. Kaiser highlighted recent receipts: roughly $542,000 from FEMA/Cal OES related to flood expenses and a $3.8 million deposit from bond-anticipation-note sales.
Kaiser and the superintendent warned that revenues look flat overall and multiyear projections show a narrowing ending fund balance through 2027-28; the district may need one-time transfers from restricted accounts (for example, set-asides in Fund 17) to cover the reserve for economic uncertainty in the short term. Board members asked for additional cost breakdowns (counseling costs, noon-supervisor costs) for the next meeting; staff said more detail would be provided in upcoming budget sessions. "District recommends a positive certification for 2nd interim," Kaiser said in presenting the report.
