Board adopts 2026–27 budget, commits $800,000 of reserves under GASB 54 and extends assistant-superintendent contracts

District staff presented the 2026–27 budget, noting it is largely unchanged since the June 10 public hearing; the primary modification was a reclassification that commits about $800,000 of the unrestricted general-fund balance (a reclassification from 'assigned' to 'committed' consistent with GASB Statement 54). Staff cautioned that the final state budget and pending labor negotiations could require adjustments and that any changes likely would appear at first interim in December or earlier if timing allows.

Board members moved and seconded approval of the budget as presented and the motion carried by recorded voice vote (Aye). The board then adopted Resolution No. 41 (2025–26) to formally commit approximately $800,000 of reserves in excess of the 10% statutory reserve cap for purposes listed in the resolution; the commitment does not authorize additional spending and requires subsequent board action to modify or remove.

Superintendent Serrano presented contract amendments extending the terms for three assistant superintendents — administrative services (Brenna Terrones), educational services (Dr. Susie Wildy) and human resources (Dr. Richard Licerdello) — through June 30, 2028, with no change to salary or benefits. The board approved each extension (K7 passed with a roll-call reported as 5–0; K8/K9 passed as recorded at the meeting).

Board members thanked staff for the work on the budget and the administrators for their service. No additional budget revisions were made at the meeting; staff will return with any required revisions after the state budget and labor negotiations are finalized.