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SFUSD board approves unaudited financial report and GAN-limit resolution; deputy superintendent warns of budget control issues
Summary
The San Francisco Board of Education voted unanimously to approve the district's unaudited actuals for fiscal 2024-25 and to adopt the district's GANN-limit resolution following a presentation on variances between the adopted budget and actual spending.
The San Francisco Board of Education unanimously approved the district's unaudited actuals for fiscal year 2024-25 and adopted the district's GANN-limit resolution after a presentation and Q&A with Deputy Superintendent Chris MontBenitez.
The board voted to approve item 2510-14SP1, the unaudited financial report and the GANN limit resolution, following a presentation that laid out the district's adopted budgets, interim revisions and final unaudited actuals along with an analysis of variances.
The presentation showed the difference between the district's planned budgets and what was actually spent. Deputy Superintendent Chris MontBenitez said the district closed the year with an unaudited deficit of about $38 million on general fund operations (revenues of about $1.24 billion versus expenditures of about $1.279 billion), and stressed the need for…
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