Published Thursday, September 24, 2026
The Lucerne Valley USD’s Board of Trustees approved the 2025-26 School Year Unaudited Actuals at the September 10th meeting.
“This is essentially our fiscal report card for the year three months. This is not projection,” said Assistant Superintendent of Business Olga Fisher, who presented the report. “Usually I stand here and I tell you it's projection. I don't know what it really is going to look like. But this is our actual budget, our revenue, and our expenditures and what the end of the year looks like.”
Every September the LVUSD closes the previous school year (in this case, 2025-26) and these numbers play a role in driving the start of the 2026-27 school year and help identify the 2027-28 financial landscape.
The 1st Interim Report for the new school year will be presented in December. Meanwhile, the Governor’s Budget Proposal will be made in January. The 2nd Interim Financial Report will be made in March, and the Preliminary Local Control and Accountability Plan will be available in April. Ms. Fisher will present the May Revise next May and the state will adopt its budget for the 2027-28 school year in June.
The LVUSD has $31.9 million in general fund revenue and $9.83 million in ending general fund balance.
Ms. Fisher cited several notable accomplishments and milestones this past school year:
— COP Paid in Full: A major long-term debt obligation of $3.54 million was completely paid off on August 1. The debt came from a long standing Certificate of Participation the district obtained to pay for capital improvements a number of years ago.
— SiteLogIQ Nearly Complete: Under $100,000 is remaining on the district’s energy project with the final payment to be made soon.
— Fund Balance Growth: The district’s general fund grew from $8.26 million to $9.83 million, which represents a $1.57 million fund balance growth.
— Capital Investment: $3.10 million was invested in facilities, infrastructure modernization and equipment.
— 72% Invested in People: Approximately $21.61 million have been invested in salaries and benefits, which is its highest and most essential commitment.
The district’s Average Daily Attendance (ADA) was 1,064.44, and the district received a total of $327,162 in Lottery Revenue.
Following Ms. Fisher’s report, the district filed the document with the San Bernardino County Superintendent of Schools.
