Corbett Elsen, assistant superintendent for finance and operations, told trustees that the cuts are necessary to maintain a minimum 17% of annual expenditures in reserves — or as ending fund balances — for the current school year and two years out.
Trustees voted unanimously to approve the updated version of the budget, which covers the first three months of the 2025-26 school year through Oct. 31 and two years ahead.
The 17% minimum reserves level has been set for Tam Union as the amount it needs to cover expenses for several months if there were a major emergency or unexpected financial shortfall, Elsen said…