Board accepts 2025-26 unaudited actuals; CBO flags enrollment decline and $5.2M one-time surplus

Assistant Superintendent and Chief Business Officer Vince Morales presented the district0s 2025-26 unaudited actuals and the year0s budgetary context. Morales said the general fund (roughly $500 million) finished with an unrestricted balance approximately $5.2 million higher than the April projection, driven by $2 million in lower expenses and about $2 million higher revenues. He characterized the surplus as one-time and advised caution about committing it to ongoing costs.

Morales emphasized falling enrollment as an ongoing fiscal risk: district census-day numbers fell from nearly 32,000 in 2019-20 to about 26,000 projected for 2026-27 (a loss of roughly 5,000 students since the pandemic). He reported early enrollment was trending about 150 students below projection, noting that, "every 100 students that we lost is an ongoing revenue loss of about $1.3 million." The board accepted the unaudited actuals and staff outlined next steps, including the audit visit and first interim reporting.