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District financial staff seek positive certification on second interim budget
Summary
Business staff presented the district's second interim report for 2025–26, reporting updated revenue and expenditure estimates and recommending a positive certification that the district will meet its financial obligations for the year.
District business staff presented the second interim budget for 2025–26, covering July 1 through January 31, and recommended a positive certification that the district will meet its obligations.
The presenter (Speaker 4) outlined updated revenues, including delays in Santa Cruz County property tax numbers and a 22.4% projected increase in federal REAP reimbursements tied to planned reimbursements. Staff noted anticipated device refresh costs (iPad and Chromebook replacements), higher services and software expenses, and increased federal and state special-education revenue assumptions. The presenter said local revenue changes reflected interagency agreements and that the district had received a large TRAN payment that aided cash flow.
Board members discussed reserve commitments, deferred maintenance transfers and the timing of property tax receipts; the presenter said projected ending reserves remained stable and recommended positive certification. Trustees voted to accept the report and directed staff to prepare adopted‑budget planning and estimated actuals for year‑end reporting.
