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1.33 MB
2025-2026 Second Interim Report
1.33 MB
Extracted
AI Summary
The Second Interim Report for the San José Unified School District provides an overview of the financial status as of March 12, 2026. It includes actuals from July 1 through January 31 and updated projections through June 30, 2028. The report highlights changes in student enrollment, positions, revenue, and expenses in the General Fund.
Key points
- Students increased from 22,123 to 22,293, a change of 170 (0.8%).
- Positions increased from 2,970 to 3,019, a change of 49 (1.6%).
- Revenue increased from $483 million to $502 million, a change of $18 million (3.8%).
- Expenses increased from $529 million to $541 million, a change of $12 million (2.2%).
- Salaries, retirement, health benefits, and other benefits showed minimal changes.
Limitations
- The text contains unresolved placeholders and lacks specific details on certain financial elements.
- The context section is incomplete and does not provide full clarity on the budget timeline.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 1,976 chars
Second Interim Report San José Unified School District Board of Education March 12, 2026 Funding our Future An efficient system that asks and answers the questions, “Why? And “What if?” Context June Adoption of New Budget All Projections March Monitoring New Budget Actuals and Projections September Prior Budget All Actuals December Monitoring New Budget Actuals and Projections Second Interim Report • Actuals from July 1 through January 31 • Updated projections through June 30, 2028 Gen. Fund Adopted Second Interim Change Change Students 22,123 22,293 170 0.8% Positions 2,970 3,019 49 1.6% Revenue $483m $502m $18m 3.8% Revenue roll taxes interest in-lieu of property tax transfers (ILPT) ILPT Education Code 47632(i) & 47635(a) and (b) residence verification process Downtown College Prep Gen. Fund Adopted Second Interim Change Change Students 22,123 22,293 170 0.8% Positions 2,970 3,019 49 1.6% Revenue $483m $502m $18m 3.8% Expense $529m $541m $12m 2.2% Gen. Fund Adopted Second Interim Change Change Salaries $267m $267m $86k 0.0% Retirement $72m $72m $142k 0.2% Health Benefits $67m $67m $17k 0.0% Other Benefits $12m $12m $4k 0.0% Gen. Fund Adopted Second Interim Change Change...