• Next year’s deficit is forecasted to be about $1.1 million, with deficits forecasted to increase annually to about $5.7 million per year in the next decade unless significant changes are made. The District has about $50 million in our fund balance but the next decade could wipe out most of those funds if the District stays on the current trajectory.

     

    Fund Balance

     

    10-Year Operating Budget Forecast*

    10-Year Operating Budget Forecast

     

    *Major Assumptions:

    • CPI: FY23: 1.4% (Actual)
    • CPI: FY24-FY32: 2% (10 year average is 1.8%)
    • Expenditure assumption of 2.4% based on historical trends
    • No increase or decrease in FTEs
    • No pandemic expenditures