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Board approves 2nd interim budget certification after staff projects narrowing shortfalls
Summary
Assistant Superintendent Josh presented the 2025–26 2nd interim report showing enrollment declines, a projected general fund revenue of about $96.9 million, expenditures of roughly $98 million, and that the district meets its 3% reserve requirement using Fund 17; the board certified a positive fiscal solvency status and approved the 2nd interim report.
Josh (S20), assistant superintendent of business services, presented the district’s second interim budget for fiscal year 2025–26 and recommended a 'positive' certification of fiscal solvency. He reported current enrollment at about 5,718 students with projected declines to 5,581 (next year) and 5,352 (following year). The general fund revenue projection for 2025–26 is roughly $96.9 million and general fund expenditures are about $98 million; salary and benefits represent approximately $81 million of that amount (about 87% of expenditures).
Josh described changes from the first interim largely tied to updated COLA assumptions and local site donations and fundraisers. He said district actions to close schools and other measures have reduced the previously reported $6,000,000 shortfall. Trustees asked clarifying questions about Fund 17 and the treatment of onetime block grants in multi-year projections; staff said the district meets reserve requirements by including Fund 17 and is treating some governor-proposed block grant dollars cautiously because allocations are not finalized. The board moved to approve the 2nd interim report and certified positive fiscal solvency.
