Toltec School Board adopts preliminary FY2027 budget amid declines in carryforward and ADM
June 29, 2026 | Toltec School District (4450), School Districts, Arizona
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The Toltec School District Board of Education on June 29 adopted a preliminary fiscal year 2027 expenditure budget that staff said reflects lower carryforward balances and a decline in average daily membership (ADM).
A staff presenter, speaking on behalf of Veronica, told the board the proposed budget uses preliminary forms released June 19 so the district can adopt now and finalize a more accurate revision in September. The presenter said on paper the district’s M fund shows an estimated decrease of about 111,576 and noted an ‘‘actual decrease’’ shown elsewhere of roughly 381,941; supplemental state funding of 197,391 for fiscal year 2026 was described as included in the state budget and expected to be recouped in the September revision. The presenter also reported a projected capital budget decrease of 243,193 and a classroom site fund (301) decrease of 1,223,651, citing a one-time increase to teacher salaries in FY2026 and a reduction in carryforward as primary causes.
Why it matters: the revenue control limit, which is set by budget forms and calculated using ADM, teacher experience and transportation data, fixes the district’s budget cap. The board was told the district will not transfer cash account balances now because such transfers become final and cannot be reversed; staff said waiting will allow a more accurate September revision after final AFR reconciliation.
Board action: A motion to approve the FY2027 proposed annual expenditure budget was made by David Richtor and seconded by Ernie Lopez; after a voice vote the board approved the motion. The board did not record individual roll-call votes in the transcript; the motion passed by voice vote.
Next steps: staff will finalize fiscal year 2026 adjustments and prepare a September budget revision using official forms to reconcile estimated ADM and state reporting (AFR) before returning a final adopted budget to the board.
Quotes: "Good evening everyone. So I will be presenting this report on behalf of Veronica who sends her sincere apologies for not being able to make it today," the presenter said. "We have provided a summary report that compares the fiscal year 27 proposed budget with the most recent approved fiscal year 2026 budget revision in May."
A staff presenter, speaking on behalf of Veronica, told the board the proposed budget uses preliminary forms released June 19 so the district can adopt now and finalize a more accurate revision in September. The presenter said on paper the district’s M fund shows an estimated decrease of about 111,576 and noted an ‘‘actual decrease’’ shown elsewhere of roughly 381,941; supplemental state funding of 197,391 for fiscal year 2026 was described as included in the state budget and expected to be recouped in the September revision. The presenter also reported a projected capital budget decrease of 243,193 and a classroom site fund (301) decrease of 1,223,651, citing a one-time increase to teacher salaries in FY2026 and a reduction in carryforward as primary causes.
Why it matters: the revenue control limit, which is set by budget forms and calculated using ADM, teacher experience and transportation data, fixes the district’s budget cap. The board was told the district will not transfer cash account balances now because such transfers become final and cannot be reversed; staff said waiting will allow a more accurate September revision after final AFR reconciliation.
Board action: A motion to approve the FY2027 proposed annual expenditure budget was made by David Richtor and seconded by Ernie Lopez; after a voice vote the board approved the motion. The board did not record individual roll-call votes in the transcript; the motion passed by voice vote.
Next steps: staff will finalize fiscal year 2026 adjustments and prepare a September budget revision using official forms to reconcile estimated ADM and state reporting (AFR) before returning a final adopted budget to the board.
Quotes: "Good evening everyone. So I will be presenting this report on behalf of Veronica who sends her sincere apologies for not being able to make it today," the presenter said. "We have provided a summary report that compares the fiscal year 27 proposed budget with the most recent approved fiscal year 2026 budget revision in May."
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