Mike Cellini

The meeting included discussions and feedback on the preliminary 2025-26 Adopted Budget. Key topics included budget assumptions, revenue and expenditure breakdowns, and multi-year projections. Members raised concerns about reserve levels, the use of bond money for the solar project, and the impact of state economic factors on the district's budget. Clarifying questions were asked regarding financial certifications, supplemental taxes, enrollment projections, and the effects of budget deferrals and the Cost of Living Adjustment (COLA). Additional input was provided on the presentation to the Board, including suggestions for reorganizing the content and improving clarity.

The meeting covered updates on the Unaudited Actuals for 2024-2025, including revenue variances related to supplemental property taxes, federal revenue, state funding (ELOP), and local revenue. There was discussion on the estimated actuals versus unaudited actuals, focusing on key expense variances such as certificated and classified salaries, employee benefits, books and supplies, operations, contracted services, and capital outlay. The fund balance for 2024 was reviewed, including components of the ending fund balance, legally restricted balances, and designated LCAP carryover. Multi-Year Projection (MYP) was updated to incorporate the final 2024-25 Unaudited Actuals. The committee addressed the potential lease start date for Meyerholz Property and discussed certificated and classified salaries. Special education costs, bond money utilization, and ELOP expenditures were also addressed.

The document outlines the salary schedule for the Classified Clerical, Technical, Paraprofessional Unit, effective for the 2025-26 school year. It includes various positions and their corresponding salary ranges, computed on a 40-hour week basis. The schedule also details longevity provisions, offering percentage-based salary increases for employees with extended service in the CUSD. Additionally, an advanced degree stipend is provided for holders of advanced degrees.

The committee discussed the 2024-25 First Interim Financial Report, including revenue and expenditure changes. Key points included property tax projections, lottery income, SPED contributions, and the impact of vacant positions. Multi-year projections revealed a structural deficit, leading to discussions on staffing, declining enrollment, and potential budget balancing measures. The committee addressed concerns about potential staff reductions and the need for clear communication with bargaining units. They also explored cost-saving ideas and the possibility of additional meetings to address fiscal stability.

The document contains a list of checks issued by the Cupertino Union School District. It includes information such as check numbers, check dates, payees, fund-object codes, expensed amounts, and check amounts. The checks cover a variety of expenses, including payments to vendors for services, supplies, and utilities, as well as payments to individuals.