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MCOE presents preliminary 2026–27 budget, notes drawdown of reserves for facilities
Summary
Finance staff presented a 2026–27 preliminary budget showing stable finances overall but planned drawdowns of reserves (including about $10M set aside for facilities over three years), a projected ending fund-balance near 55% (~$36.6M) and significant decreases in some federal funding.
Marin County Office of Education staff presented the preliminary 2026–27 budget on June 9, summarizing revenue and expenditure drivers and explaining the two-year budget process. Staff said LCFF funding increased and federal funding is down significantly, while the office has intentionally allocated one-time reserve funds to address long-neglected facilities needs.
"We're currently still projecting our ending fund balance to be at 55% or, about $36,600,000," a finance presenter said when describing the multi-year projection and planned use of reserves for deferred maintenance. Staff said roughly $10 million of the planned three-year drawdown is earmarked for facilities work; other apparent out-year deficits reflect multi-year grant timing rather than a structural shortfall.
Trustees asked how much of the projected drawdown is one-time facility spending versus ongoing costs and about bid thresholds for capital projects. Staff said large projects will be bid and that they are following required procurement procedures; they also said they will provide trustees with office hours and Q&A documents before the budget is brought back for adoption.
