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District adopts second interim revision; staff flag $9.2M proposed one-time state revenue for 2026-27
Summary
Finance staff presented the district's second interim financials as of Jan. 31 and a multi-year projection; staff noted the governor proposed $9.2 million in one-time revenue for 2026-27 in January, to be clarified at the May revision.
The board adopted the district's second interim financial revision as of Jan. 31 after a presentation from the chief business officer. Staff outlined changes to revenue (a net decrease tied to an unduplicated pupil percentage change), restricted-grant updates (literacy coach and reading grants, Prop 28), and finalized negotiation settlements reflected in expenditures.
The multi-year projection was presented and staff said the May revision from the governor will clarify a proposed $9,200,000 in one-time revenue for 2026-27. Finance staff noted the district remains fiscally solvent in the near term under current projections but emphasized uncertainty in later years and the need to monitor restricted vs. unrestricted funding.
Trustees approved the revision on voice vote; staff will incorporate May revision information and return with the adopted budget cycle updates.
