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Board approves 2024–25 unaudited actuals; CFO says “cash is still king” as district closes books
Summary
The board approved the district’s 2024–25 unaudited actuals and updated the Gann appropriations limit. Business staff reported a preliminary increase in the general‑fund balance, identified one‑time savings and outlined cost‑control steps for 2025–26.
Los Altos — The board unanimously approved the district’s 2024–25 unaudited actuals and adopted an updated statutory appropriations (Gann) limit after a presentation by business staff on cash management and one‑time savings.
Eric (business staff) walked trustees through the fiscal close, saying the district recorded stronger‑than‑expected revenue and one‑time savings driven by vacancies, restricted‑fund carryover management and reduced contracted services. “Cash is still king,” Eric told the board,…
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