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Board adopts 2026–27 LCAP and final budget; staff flags $12.07 million projected deficit and reserve guidance
Summary
Board adopted the 2026–27 LCAP after county review and approved the district budget. Staff reported a $12,066,000 projected deficit, a routine restricted maintenance increase, a $500,000 insurance premium reclassification tied to AB218 backcasting, and reserve planning.
The board adopted the district’s 2026–27 Local Control and Accountability Plan (LCAP) and the final budget after staff presentation and public hearing.
Dr. Stacy Williamson told the board Los Angeles County Office of Education had completed its review checklist confirming required criteria and alignment between LCAP actions and the budget. Staff recommended adoption; the board approved the LCAP.
Finance staff summarized changes to the proposed budget since the public hearing: a $300,000 increase tied to the routine restricted maintenance requirement, and a reclassification of roughly $500,000 into a special operating line to reflect AB 218 backcasting insurance premiums. Staff projected a $12,066,000 deficit for 2026–27 and noted a two‑month cash reserve target of about $20,000,000, while board policy target reserve remains approximately $35,700,000. The board adopted the budget and separately approved required interfund transfers and the temporary interfund borrowing resolution (public hearing held with no public speakers).
