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Finance director reports FY2026 close: $2.05M profit and healthy unassigned balances; cafeteria fund shows small loss
Summary
Mr. Sebastian told the board the FY2026 books were closed with a reported profit of $2,046,012 and a healthy combined fund balance; he also flagged that the central cafeteria fund ran a roughly $38,000 loss but retains about $9.5 million in fund balance and a planned $1.4 million drawdown for FY2027.
Mr. Sebastian presented the district's fiscal‑year 2026 year‑end reconciliation and said the books are closed. He reported a profit of $2,046,012 for the general purpose school fund and detailed unassigned and designated fund balances across funds; some numeric transcription noise appears in the record but the finance presentation emphasized a strong year after reconciliation.
"We finally got the year reconciled and, hard to close. So that means there are more, no more financial transactions, any kind of postings for the 2026 school year on our books... we had a profit of $2,046,012," Mr. Sebastian said. He described fund balances across fund 141 (general), fund 142 (federal projects, reimbursement grants that typically zero out) and fund 143 (central cafeteria), noting the cafeteria fund showed a loss of about $38,000 but still maintains an available fund balance of approximately $9.5 million.
Board members asked about the recommended six‑month reserve level for the cafeteria fund; Mr. Sebastian said six months would be roughly $6 million against $11.9 million in expenditures and that the cafeteria fund was sitting near $8.1 million after budgeting choices for FY2027. He said some central cafeteria monies reflect one‑time federal pandemic era funding the district has been drawing down and that the district will continue to monitor fund balances and revisit budget decisions during the year.
