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CSBO presents Fund 21 update and five-year projections showing projected deficit
Summary
Dr. Teri Shaw updated the board on O&M Fund 21 and presented consolidated five‑year projections across operating funds, noting a projected deficit and that insurance renewal impact was slightly less than budgeted. The board authorized preparation of the tentative FY 2026–27 budget.
Chief School Business Official Dr. Teri Shaw presented an overview of Fund 21 (Operations & Maintenance) — estimated proceeds, last year’s expenditures funded with those proceeds, planned projects and status of those projects — and then walked the board through consolidated five‑year projections for operating funds (10, 20, 40, 50, 70, 80), describing revenue assumptions and expense forecasts and noting a projected budget deficit.
The board discussed details during Finance Committee follow‑up; Dr. Shaw said the insurance renewal impact was slightly less than budgeted. The Treasurer’s report listed beginning cash on hand of $7,107,653.45 (04/01/2026) and cash and investments of $5,957,145.78 (04/30/2026). The board authorized Dr. Shaw to prepare the tentative FY 2026–27 budget by a 7–0–0 vote.
