The Mountain View Whisman School District (MVWSD) Board Meeting held on March 20, 2025, focused on the district's financial status and projections for the upcoming years. The meeting began with a review of the second interim budget report, which reflects financial activities from July 1 to January 31, and is set to be adopted by March 17.

The board discussed a resolution that allows for deficit spending as long as the district maintains a reserve level between 17% and 20% in the third year of their multi-year financial projection. The current budget cycle is influenced by anticipated proposals from the governor, as the district prepares for the next school year's budget.

Key highlights from the financial report included an adjustment in assessed value growth from 6% to 7%, resulting in an increase of approximately $694,000. The district also received additional funds totaling $765,000, including a one-time inflation credit from the IRS. Medical billing revenue was recognized at $144,000, contributing to the overall financial picture.

On the expenditure side, the board noted a one-time appreciation bonus for staff, costing around $713,000, and adjustments to vacancy costs. The Child Nutrition program projected higher revenues, leading to a savings of about $225,000 for the general fund. Overall, the district anticipates a net decrease of $3.5 million, projecting an ending fund balance of $52.6 million with a reserve level of 37.36%.

The multi-year projection indicates a conservative approach to revenue growth, with expectations of 4% in year two and 2% in year three. The expiration of the Google lease in February 2026 will significantly impact future revenues. The board discussed the importance of maintaining higher reserve levels to absorb potential economic downturns and fluctuations in federal and state funding.

Trustees raised concerns regarding the district's special education funding, which is primarily supported by the general fund. The board acknowledged the rising costs associated with special education and committed to providing further details on budget allocations in future meetings.

Public comments included inquiries about the district's reserve funds and the implications of the Google lease agreements. The board assured attendees that they would investigate these matters further and provide clarity in subsequent discussions.

In conclusion, the MVWSD Board Meeting highlighted the district's proactive financial management and the importance of strategic planning in navigating uncertainties in state and federal funding. The board will continue to monitor financial trends and make necessary adjustments to ensure the district's stability and support for its educational programs.