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District reports unaudited 2024–25 actuals showing grant revenue timing shifts; board hears request to change finance director title
Summary
Bear Valley Unified presented unaudited fiscal-year 2024–25 actuals showing shifts in state grant timing (including a CCSPP allocation) and RDA receipts; the board voted to approve the unaudited actuals and heard a separate request to retitle the district business lead as chief business officer.
The Bear Valley Unified School District presented its unaudited actuals for fiscal year 2024–25, reporting shifts in grant revenue timing and changes in restricted balances that affect the district’s multi-year projection. The board approved the unaudited actuals during the meeting.
Jess, the district’s executive director for business services, led the presentation and explained the largest adjustments were timing shifts in state and federal grant revenues. She said the California Community Schools Partnership Program (CCSPP) revenues originally budgeted into 2024–25 were reallocated across future years, reducing current-year revenue by roughly $3,400,000. Jess also described a redemption adjustment of approximately $248,000 in federal funding related…
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