Gilbert Unified releases FY2025 unaudited annual financial report; board approves item

The Gilbert Unified District Governing Board on Oct. 14 reviewed an unaudited FY2025 annual financial report and school-level reporting form covering operating and capital revenue and expenditures, classroom site fund changes, teacher compensation and class-size averages, bond spending and deferred-maintenance reductions. Board members voted to approve the report as action item 6.01.

Finance presenter Jackie Matinen said, "This is an unaudited report of our spend from last fiscal year." Bonnie Betts, who introduced the presentation, told the board the report is "required by statute" and highlighted staff work to compile the large data set.

Why it matters: the presentation updated the board and public on how override and other revenues were used during FY2025, showed changes in special education and classroom-site fund spending that affect classroom budgeting, and described progress on bond-funded capital projects and deferred maintenance that influence facility safety and the district's long-range capital needs.

Key figures and budget changes - The district reported it generated just over $36,000,000 from the 15% M&O override during FY2025; the override continues through FY2033 with a phased reduction beginning in FY2030. -…