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Agenda Item
O.-3 26-1466 Reopening - Public Hearing by the Board of Education on the District's 2026-2027 Fiscal (School) Year Budget - Fund 1 $877,186,201.00 (Expenditures) and receive for information and review, the working draft of the 2026-27 Proposed Budget and the Reserve Level Requirements for the 2026-27 Adopted Budget*.
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*The District will continue to complete the final review, reconciliation, and preparation of all required reports to include any amendments to the budget as a result of the public hearing. The Unrestricted General Fund is currently projected to expend $370,330,265.00 and the Restricted General Fund $506,855,936.00, with the noted caveats of edits in progress.
There is zero confidence in our budget number with inconsistencies between the numbers presented on the SACs report and the other power-point document. If we can believe the SACs report, 25-26 is looking like we spent down $103M from our total fund balance. This is a structural deficit we have not managed to fix this year, despite spending restricted dollars first. How can we be sure the OEA TA has been included in these numbers if we have not seen the fully costed TA brought to board for approval. The 26-27 budget is projecting a $33.3M or $38.5M deficit, depending on the document viewed. This is qualified certification, at best. As mentioned by Ms Gard at the last board meeting, the county can review these numbers. We need the county and FCMAT to "audit" our numbers as we are deeply concerned we are headed for insolvency in 26-27. Nobody in the community wants OUSD to lose local control again, however, we really need to not be afraid to see exactly where we stand - right now!
There is zero confidence in our budget number with inconsistencies between the numbers presented on the SACs report and the other power-point document. If we can believe the SACs report, 25-26 is looking like we spent down $103M from our total fund balance. This is a structural deficit we have not managed to fix this year, despite spending restricted dollars first. How can we be sure the OEA TA has been included in these numbers if we have not seen the fully costed TA brought to board for approval. The 26-27 budget is projecting a $33.3M or $38.5M deficit, depending on the document viewed. This is qualified certification, at best. As mentioned by Ms Gard at the last board meeting, the county can review these numbers. We need the county and FCMAT to "audit" our numbers as we are deeply concerned we are headed for insolvency in 26-27. Nobody in the community wants OUSD to lose local control again, however, we really need to not be afraid to see exactly where we stand - right now!
With this extra time to prepare, please present an "assumptions" page and explain some of the "adjustments" built into the MYP.