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Finance director reports FY25 preliminary results; board approves audit submission
Summary
The district reported year-to-date totals for fiscal 2025: consolidated revenues $334.94 million, expenditures $361.77 million, a net change of -$26.42 million driven largely by capital project spending. The general fund had an unassigned balance of $35.4 million (about 13%). The board approved transmitting the financials to auditors.
The district’s finance director presented preliminary fiscal-year financials and asked the board to approve forwarding the records for the formal audit.
What the report showed
- All funds (year-to-date): revenue $334,937,053; expenditures $361,774,793; other financing sources $16,000,075; net change in fund balance -$26,420,765 (primarily capital project and bond spending).
- General Fund: revenue…
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