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Board certifies 2nd interim budget as positive, staff outlines assumptions and risks
Summary
District business staff presented the second interim multi-year projections and the board voted to certify a positive financial outlook for 2025–26, while noting enrollment declines, expiring one-time grants, and the need for further work to stabilize multi-year deficits.
The board voted on March 10 to provide a positive certification on the district's second interim report for fiscal year 2025–26, indicating staff's conclusion that the district can meet its financial obligations across the three-year projection given current assumptions.
Chief business staff summarized key assumptions and drivers — changes in COLA, carryover from closeout, pension rates and the expiration of one-time restricted grants — and explained how restricted funds and contributions affect the general fund. "Recommending a positive certification as we can meet our financial obligations in all 3 fiscal years," the presenter said while reviewing the multi-year projections.
Trustees pressed for more granular data and asked for a May workshop and follow-up materials ahead of May decisions about any final staffing reductions; staff said the budget impacts of ratified agreements and retirement incentives will be reflected in estimated actuals and in the June adoption process.
