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Board adopts FY26 midyear revisions; projects $16.8M deficit and shifts nearly $5.9M to fund balance
Summary
Finance staff presented midyear adjustments that produced a net positive change to fund balance of about $5.9 million but kept a projected FY26 deficit of $16.8 million; the board approved the revisions 6–0.
Kelly Benussa, the district's director of business services, reviewed the fiscal year 2026 midyear budget revisions and the five‑year financial projection.
Benussa told the board the net change from the adjustments is an increase to fund balance of almost $5,900,000, driven by a $4,000,000 increase in special education revenue and other revenue adjustments, offset by expenditure decreases. She warned the district still projects a FY26 deficit of $16,800,000 and reiterated the district’s caution about a longer‑term funding cliff projected around FY31.
Benussa walked through categories of expenditure changes—salaries, benefits, purchased services, supplies and capital—and highlighted one‑time savings and areas that will need to be added back in FY27. Board members asked clarifying questions about the timing of special education child‑count data and how 3rd‑party billing might affect revenue.
After discussion, the board approved the midyear budget adjustments on a 6‑0 vote.
