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District projects $2.0 million gap; proposes $2.0 million transfer to capital projects
Summary
The proposed budget shows projected 2026–27 revenues of about $31 million, expenditures roughly $2.0 million above revenues, and a planned $2.0 million transfer from the general fund to capital projects that would leave an estimated ending balance of roughly $3.0 million.
Lisa, the budget presenter, walked the board through the general fund forecast for the upcoming budget cycle and highlighted a projected shortfall. “I'm expecting about 31,000,000 in revenues,” she said, and added, “Our expenditures, you can see, are already 2,000,000 over what our revenues are.” Lisa told the board the proposal includes transferring $2,000,000 from the general fund into capital projects to fund planned work, producing a projected ending general fund balance of about $3,000,000 for the 2026–27 year.
Board members asked clarifying questions about the composition of fund balance and program carryovers; Lisa explained that some fund balance is nonspendable (inventory and prepaids) and that annual carryovers and restricted program balances affect available discretionary dollars. She noted the district's minimum fund balance policy is set at 6%.
