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District projects $296.8M revenue but multi‑year deficits; board presses for enrollment and cash planning
Summary
Business services presented the second interim report showing $296.8 million in projected current-year revenue (including one-time grants) and a projected unrestricted deficit of about $10.3 million for 2025–26; trustees asked for a declining-enrollment study session and cash-flow analysis for June deferrals.
Norwalk-La Mirada Unified’s business services team presented the district’s second interim financial report, which incorporated data through Jan. 31 and showed higher certified revenue but ongoing multi-year deficit projections.
"We are expecting to get around $296 million for the current year," the district presenter said, noting one-time state grants (Student Support Professional Grant ~$4.2 million; Learning Recovery ~$1.1 million) and adjustments to LCFF revenue driven by an increased unduplicated pupil percentage. The presentation also added restricted capital outlay for roofing and special-education expenditure adjustments.
The presenter reported projected unrestricted deficits of approximately $10.3 million (current year) and ongoing deficits in the two subsequent years under current assumptions. Trustees pressed for detail on the enrollment assumptions (three-year ADA averaging and demographer scenarios), the impact of state cash deferrals in June and the district’s reserve strategy. Administration said reserves currently sit above the AB 1200 minimum and that staff will return in June with updated projections after the state May revise.
The board agreed to schedule a study session on declining enrollment and to request a five-year enrollment and budget history for the board to review.
Provenance: topicintro SEG 1586; topfinish SEG 1779.
