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District presents FY26–27 tentative budget: taxable base up, reserves projected lower
Summary
CFO presented a tentative FY26–27 budget showing growth in taxable value and revenues but a projected drop in ending general‑fund reserves from an estimated 17.4% to a budgeted 5.6% of revenue; staff emphasized monitoring the financial condition ratio and not using reserves for recurring costs.
CFO Mr. Rios Welsh walked the board through the FY26–27 tentative budget, explaining that local taxable values rose substantially year‑over‑year and that overall local revenue is projected to increase. He said the district’s projected ending fund balance for FY25–26 came in at about $78.1M (roughly 17.4% of revenue) while the tentative FY26–27 budget shows an ending fund balance of about $28.6M (5.57%).
Mr. Rios Welsh told the board that state FEFP changes and local tax base growth drive revenue trends but that expenditure pressures—salaries, benefits, utilities and deferred maintenance—continue to grow. He stressed statutory minimum reserve requirements (3%) and rating agencies’ preference for higher reserves (often 10%) and urged the board to treat fund balance as a contingency rather than a source for recurring operating costs. The board asked for detailed follow‑up on specific line items and the bus funding schedule before final adoption.
