REPORTS TO THE BOARD

Financial and Enrollment Report

To: Asha Riley, Superintendent

From: Stacy Brown, Director of Business Services

Date: February 23, 2026

Subject: February Financial/March Enrollment

2026-2027 Budget Process Update:

We are in the very early stages of the 2026-2027 budget process.  I have updated the enrollment projections for next year.  I am being very conservative on enrollment for next year.  We have held staffing meetings with the buildings and departments, and will be using the information from these meetings to build the budget.  The Legislature has finished and set the conference budget.  I will be attending a webinar next week to hear about the particulars, but it sounds like the areas of K-12 that were cut (TTK and LEA) do not affect Woodland, so the expectation is that funding levels will be consistent with 25-26.

Financial Update:

The months of September 2025 through February 2026 have been closed.  I included the Budget Status Reports for all funds for the month of February. 

Enrollment:

I have attached the Headcount and Average FTE enrollment reports for March. March is holding steady with an increase of just one student districtwide and a 2.51 FTE increase.  The average is now 84.51 below budget. This time of year, our Special Education numbers usually catch up, but unfortunately, we are 9.33 below budget in the area of PK and 13.5 below budget at KG through age 21 (almost exactly the same as February).  We continue to monitor enrollment closely and continue to evaluate every resignation to determine if the position should be refilled or not, as staffing is the most effective way to make cuts throughout the year.  

Attached Documents:

• February 2026 Budget Status Reports (All Funds)
• Detailed 25-26 Projections (as of February 2026)
• Enrollment Reports

25-26 Projections 

This document provides a detailed financial forecast for the 2025-2026 school year. It outlines projected revenues, expenditures, and the resulting impact on the district's fund balance.

Key Financial Takeaways

The district is projecting a total deficit of $270,918 for the 2025-26 fiscal year, which will be covered by the beginning fund balance.

• Projected Revenues: $51,801,100
• Projected Expenditures: $52,072,000
• Beginning Fund Balance (9/1/25): $4,351,380
• Projected Ending Fund Balance (8/31/26): $4,080,462

Major Expenditure Categories

The budget is divided into several primary sections:

• Basic Education: Totaling $28,942,100, this includes school and district-generated salaries (Certificated and Classified), benefits, and Materials, Supplies, and Operating Costs (MSOC).
• Other Programs: Totaling significant amounts for Transportation ($10,004,900) and Special Education ($8,148,280). Other notable programs include Food Service ($1.38M) and Remediation ($1.35M).
• Extracurricular Activities: Budgeted at $753,600

Revenue and Levy Support

• Apportionment: The primary source of funding for Basic Education.
• Levy/Timber Excess: Projected at $7,198,670.
• Levy Support Allocation: The document tracks how levy dollars are used to fill funding gaps in specific categories, such as:
• Certificated Salaries: -$1,965,080 levy support needed
• Classified Salaries: -$1,723,690 levy support needed
• Special Education: -$842,042 levy support needed

Looking at budgeted vs projected revenues, the total projected revenue for the 2025-26 fiscal year is $51,801,100, which is $2,220,630 less than the original budget of $54,021,800.

Key Takeaways

• Significant Shortfalls in State and Federal Funding: The largest individual difference is in Apportionment, which is projected to be over $1.1M lower than budgeted. 
• Offsetting Gains in Transportation and Safety Net: While most categories show a shortfall, Transportation and Safety Net funding are projected to exceed their budgets by $302,300 and $150,000, respectively.
• Reductions in Special Education and Local Support: State Special Education funding is down by $260,527.

Top Revenue Differences (Budget vs. Projected)

The following table highlights the specific categories with the largest differences (numbers in red are areas where projected funding is less than budgeted funding):

Expenditures

Looking at budgeted vs projected expenditures, the total projected expenditure for the 2025-26 fiscal year is $52,072,500, which is $2,229,800 less than the original budget of $54,302,300.

The following areas show the most significant differences between the budgeted and projected expenditures:

Key Takeaways

1. Under-Budget in Basic Education and Special Education: The largest individual difference is in Basic Education, which is projected to be over $784k lower than budgeted. Special Education is also projected to be nearly $298k under budget.
2. Over-Budget in Transportation: (Transportation) is one of the few areas projected to exceed its budget, with a difference of $112,064 above the original $9.8M budget.
3. Savings in District-wide Support: District-wide Support is projected to be $300,209 lower than its $6.1M budget.

Top Expenditure Differences (Budget vs. Projected)

The following table highlights the specific programs with the largest differences:

Please let me know if you have any questions!