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The Livermore Valley Joint Unified School District Board of Education is set at Tuesday’s regular meeting to review its first interim budget report of the 2025-26 school year as well as a financial analysis conducted this year by an independent agency.
Dubbed the Fiscal Crisis and Management Assistance Team, the group aims to help local educational agencies in California avoid fiscal insolvency.
LVJUSD entered an agreement with FCMAT in September to review the district’s 2025-26 adopted general fund budget and develop an independent multiyear financial projection and cash flow analysis for the current and two subsequent fiscal years, according to the agenda.
FCMAT representatives are set to present the agency’s findings at the Dec. 9 meeting.
Also during Tuesday’s meeting, trustees are set to approve the district’s first interim financial report for this school year.
As the first of two interim reports required by all school districts, it accounts for financial changes that occurred between the July 1 adopted budget and the closure of the accounting period of Oct. 31.
Of the 2025-26 general fund, the total projected deficit spending is $7,780,423, according to the report. The resulting ending fund balance is estimated to be $18.6 million, the report adds.
Overall, the district is expected to meet its financial obligations for the current and two subsequent years, the report states.
“However, the district will need to continue to evaluate spending to reduce deficit spending as well as allow for competitive compensation increases”, according to the report.
This school year, the district formed two budget advisory committees to prioritize district programs and spending.
In other business:
The board is set to consider approving a revised meeting calendar that designates the remainder of Thursday morning regular meetings this school year as Board Workshops to “match their current function and format”, according to the agenda and the draft calendar.
No meetings are proposed for rescheduling, the agenda states. Also, the renamed meetings would continue to be publicly noticed and open to the public in accordance with applicable laws.
