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The Pleasanton Unified School District Board of Trustees is set to discuss the district’s 2025-26 unaudited actuals, a document that lists all of PUSD’s final revenues, expenditures and fund balances for the prior fiscal year, during Thursday’s board meeting.
These up-to-date financial statements, if approved by the school board, will then be prepared for submission to the Alameda County Board of Education, which puts the district one step closer to getting its budget positively certified by the county board.
PUSD’s last budget cycle resulted in a negative certification due to poor finances that have since been corrected, as described in Thursday’s agenda report.
According to the staff presentation, some key findings in this year’s unaudited actuals include an improved overall fiscal position thanks to the district utilizing one-time funds and reducing expenditures; an improvement in the district’s fund balances; higher reserves; and less money being spent on unrestricted General Fund expenditures.
The presentation will also go over some of the actions the district has taken in response to the state’s Fiscal Crisis and Management Assistance Team recommendations regarding its budget challenges. These recommendations include shifting costs to restricted funds and maximizing “allowable indirect charges on restricted, categorical, and other funds yielding over $850,000 more than prior year”
Following the discussion and vote, staff will work on submitting the unaudited actuals to the county by Sept. 15. Other next steps include conducting an independent audit of the 2025-26 actuals, updating the district’s budget and implementing other FCMAT recommendations.
The board’s open-session meeting is scheduled to begin at 6 p.m. Thursday (Sept. 10). Read the full agenda here.
In other business
* Staff, in addition to the unaudited actuals, will also provide an update on the “Fiscal Health Risk Analysis” dashboard, a tool that was developed by the state’s FCMAT in response to the district’s negatively certified 2025-26 budget.
“FCMAT has developed the FHRA as a tool to help evaluate a Local Education Agency’s (LEA’s) fiscal health and risk of insolvency in the current and two subsequent fiscal years,” according to the Sept. 10 agenda report.
Staff created the dashboard in response to the FHRA report in order to address the issues listed within and track the district’s progress in achieving fiscal solvency
“Significant progress has been made in addressing the dashboard items, with multiple improved systems now in place,” according to the agenda report. “Staff will present the updated dashboard and highlight a few of the most critical items.”
* The school board will be voting on approving a nearly $169,000 independent consultant contract with King Consulting Services to conduct “State School Facility Program funding services” at all of the schools in PUSD.
According to staff, the professional services agreement, which would run from Sept. 10 to June 30, 2027, would allow the consulting firm to continue reviewing, preparing and submitting required documentation that would help maximize the district’s funding opportunities under the State School Facility Program. Staff said PUSD has contracted with the consultants every year since 2019.
“The work to date positions the District to receive tens of millions of dollars in State funding with $10,434,300.00 received since 2021 and $58,378,880.00 currently in line,” according to staff. “State dollars secured through this process offsets local bond and developer fee funds that would otherwise carry these projects.”
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