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Chandler Unified reviews bond and override spending, posts 2024–25 annual financial report for board approval
Summary
The district presented a statutory review of the 2019 bond spending, the maintenance-and-operations override and a proposed 2025 bond, and summarized the 2024–25 annual financial report including fund balances, capital carryovers, CTE funding and the district's AAA credit rating.
Ms. Barry, a district staff member and presenter, told the Chandler Unified Governing Board during the Oct. 8 study session that state statute requires the board to review bond proceeds and override use and to present the annual financial report for public transparency.
"We have been very thankful for our voters who have approved overrides for the last 3 decades," Ms. Barry said, reviewing the district's financial history and the role voter support plays in funding operations and capital projects.
Ms. Barry summarized prior and proposed spending and the district's fiscal position. Key points presented: - 2019 voter-approved bond: $290,250,000 total issuance; approximately $25 million remained in carryover commitments at the time of the presentation. About $14 million of those dollars were held as rolled-over purchase orders; roughly $9–10 million were identified for projects in the current year, and $15 million was being held in reserve pending the Nov. 2025 election. - 2025 proposed bond: district committee reduced the original draft from…
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