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Lucerne Valley Unified presents 'first interim' budget: ADA projected at 1,080, ending fund balance near $7.12M
Summary
District staff told trustees the midyear fiscal checkup shows the district 'living within our means' with projected ADA of about 1,080, LCFF funding at roughly 61% of revenue, and an expected ending general-fund balance around $7.12 million after one-time capital/energy investments.
District staff presented the first interim fiscal report and told the board the budget is on a stable footing at midyear.
"We are living within our means, and we're doing it responsibly," the staff presenter said, summarizing the review that covers actuals through Oct. 31 and projections for the rest of the year. The presenter said the district projects average daily attendance (ADA) about 1,080 (roughly 93 percent of the prior figure cited at closure), that LCFF makes up about 61% of revenue, and that the general fund began the year around $8,250,000 with a projected net change of roughly minus $1,000,000 leading to an ending balance near $7,120,000 as the district continues a planned multi-year energy/capital project (year 2 of 3).
Staff described revenue shifts—one-time state student-support and enrichment grant revenue increased state funding this year while federal revenues dipped slightly—and modest expenditure changes driven by benefits and capital outlay. Trustees asked clarifying questions about classified versus certificated categories and praised staff for clear graphics and thorough presentation. The board subsequently approved the 1st interim report by unanimous vote.
