Weisman USD posts $794,000 unrestricted surplus in unaudited 202425 results; reserves rise to about 14.8%

Sean Kern, Weisman Unified School Districtchief business official, presented the districtunaudited actuals for fiscal year 202425 at the board meeting on Sept. 9 and said the district closed the year with a net surplus of about $794,000 on the unrestricted general fund. Kern told trustees the number includes a fair-market value cash adjustment of roughly $328,000 that reflects June 30 valuations from the county treasury.

Kern explained the audit timetable and the year-end closing process. "We are officially closing the books in the months of July and August," he said, describing detailed accruals, grant reconciliations and program accounting needed to present the unaudited figures. He said the independent external audit will conclude in December and that the board must…