District reports FY 2025–26 unaudited actuals: about $100M in revenues, $29M ending fund balance

Brea Olinda Unified School District staff presented the unaudited actuals for fiscal year 2025–26 at the Sept. 10 meeting, describing the closing numbers that establish the starting point for next year’s budget forecasts.

Assistant Superintendent Rick Champion said combined revenues were "just just a tad over a 100,000,000," and that the district’s combined ending fund balance is roughly $29 million, with approximately $9.5 million restricted for specific programs. He explained that a portion of the district’s revenue derives from the state Local Control Funding Formula and that enrollment and average daily attendance (ADA) remain primary drivers of funding.

Champion flagged a timing issue tied to a county-run credit-recovery program (S1S) that passes through funding and created interim-year cash-flow differences; staff said the program’s net long-run effect is budget-neutral but produced a temporary $2.0–$2.3 million timing impact during the certification window. He also noted that the district is required to maintain specified reserves and a restricted maintenance contribution (approximately $3 million) because of the district’s bond obligations.

Next steps: staff will monitor enrollment trends, report to the board in upcoming interim budget reviews and include funding updates in the December interim report; they recommended continuing fiscal planning to address projected medium-term declines in reserves.