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District projects multi-year deficit; board approves Second Interim Report
Summary
The district's CBO reported projected general fund revenues of about $10.67 million and expenditures of about $12.14 million for 2025-26, prompting the board to approve the Second Interim Financial Report and to discuss expenditure reductions and monitoring.
Chief Business Official Christie Landingham told the board the district's Second Interim Financial Report (through Jan. 31, 2026) showed total projected revenues of approximately $10.67 million against expenditures of roughly $12.14 million for the general fund, producing a projected net decrease. Landingham said multi-year projections indicate continued deficit spending and recommended conservative revenue assumptions and expenditure reductions to preserve fund balance.
Following the presentation the board voted 7-0 to approve the Second Interim Report. Superintendent Stan Mojsich and trustees discussed the Facilities Master Plan, potential bond measure and enrollment projections as factors that will affect long-term fiscal planning. The minutes record no specific expenditure reductions adopted at the meeting; the CBO recommended continuing monitoring and strategic planning.
