Item Coversheet

Mountain View Whisman School District

Agenda Item for Board Meeting of 12/14/2020

Agenda Category:  REVIEW AND ACTION

Agenda Item Title:  2020-2021 First Interim Budget Report (40 minutes)

Estimated Time: 

Person Responsible:  Rebecca Westover, Ed.D., Chief Business Officer


Twice during the fiscal year, a school district is required to submit a financial report certifying the district's ability to meet its financial obligations for the current year and two subsequent years. The reports examine the district's attendance, spending patterns, fund balance, reserve for economic uncertainties, and multi-year projections. Staff will present the 2020-2021 First Interim Budget Report, which reflects the district's financial position as of October 31, 2020.


The First Interim reports changes to the District's 2020-2021 budget adopted in June 2020.  The projected General Fund Unrestricted ending balance for 2020-2021 is estimated at $22,574,843 which is a 23.34% reserve with total revenues at $89,857,557 and total expenditures at $91,521,822. Note: The operational deficit as of the First Interim for the 2020-2021 year is $1,664,264. 

Fiscal Implication:

General Fund 01 Combined Totals

Beginning Balance: $24,239,107

Total Revenues: $89,857,557

Total Expenditures: $91,521,822.

Ending Balance: $22,574,843

Unrestricted Reserve Level: 23.34% 

Recommended Action: 
It is recommended the Board of Trustees approve the 2020-2021 First Interim Budget Report, as presented.

DescriptionTypeUpload Date
2020 - 2021 1st Interim InfographicBackup Material12/3/2020
2020 -2021 1st Interim -All FormsBackup Material12/3/2020
2020 -2021 1st Interim Report PresentationBackup Material12/3/2020