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Board hears Second Interim: multi-year projections show declining reserves
Summary
Associate Superintendent David Flores presented the Second Interim Budget showing $26.8M projected ending balance in 2025–26, falling to $13.9M by 2027–28; Flores warned the district is projected to deficit spend over the next two years and will update projections with a $1.6M audit adjustment in June.
The Shasta Union High School District Governing Board received a Second Interim Budget presentation on March 10 that projected multi-year declines in unrestricted reserves and warned of two years of deficit spending unless adjustments are made.
Associate Superintendent David Flores reported that total revenues rose by about $2 million since First Interim, with unrestricted funds up $373,000 and restricted funds up $1.7 million. He said Cost-of-Living Adjustment (COLA) is projected at 2.41%. "The projected budget ending balance is $26,767,352 for 2025-2026, $20,510,391 for 2026-2027 and $13,887,534 for 2027-2028," Flores reported and cautioned that the district is projected to deficit spend over the next two years.
Flores emphasized the importance of accurate average daily attendance (ADA) reporting to support reliable revenue projections and noted potential one-time state funding for 2026–27 has not been included because amounts are not yet finalized. Board members asked questions about assumptions and timeline; Flores said he will update projections in June to include the $1.6 million audit adjustment from the recently accepted audit.
The Board approved the Second Interim Budget report (RES.26-049).
