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Board adopts Resolution 8 to chart a multi‑year return to fund‑balance targets
Summary
Trustees approved Resolution 8 outlining steps (ongoing and one‑time) to reach a 16.67% unrestricted ending fund balance over several years, including budgeting assumptions and limited one‑time uses of MSIA dividends.
The board adopted Resolution 8 (2025–26), a multi‑year plan presented by Chief Business Official Joshua Braff to return the district to its board fund‑balance target of 16.67% of unrestricted ending fund balance.
Braff told trustees the Marin County Office of Education had requested the district adopt assumptions and actions to reach the board policy target and that the resolution lays out steps to reach the target by fiscal year 2029–30. "It establishes that we need to have a 16.67 ending fund balance in our unrestricted ending fund balance," Braff said, describing the reserve target and that the resolution includes both ongoing reductions (approximately $44.5 million beginning next year) and limited one‑time uses of surplus returns such as MSIA dividends.
Trustees asked about specific items listed as one‑time versus ongoing and the timeline for particular reductions. Braff said MSIA dividend distributions (a joint‑powers surplus refund) had helped earlier but represented one‑time funds and should not be counted as ongoing revenue. The resolution recorded budgeting assumptions such as using 95.5% ADA in projections and timing of anticipated savings; trustees then approved the resolution by roll call.
The vote was recorded by roll call; the board directed staff to incorporate the assumptions into the first interim budget document and return detailed implementation steps in subsequent meetings.
