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Board approves 2024–25 unaudited actuals; district stresses stabilization plan as revenue falls
Summary
The board accepted unaudited 2024–25 actuals showing the district ended the year with a $2.7 million deficit but a 22.1% combined unrestricted fund balance; trustees also approved several budget reconciliation resolutions and compensation adjustments for administrators.
Palm Springs, Calif. — At its Sept. 9 meeting the Palm Springs Unified School District Board of Education accepted the unaudited actuals for fiscal year 2024–25 and approved multiple resolutions to reconcile appropriations and update administrative compensation.
Jeffrey Simmons (presenting) summarized the unaudited actuals and said the district experienced a revenue drop of roughly $12 million from the prior year but that the district’s stabilization plan limited the year‑end deficit to about $2.7 million. “The stabilization plan is working,” Simmons told the board, explaining that one‑time grant funding used in prior years had been deliberately shifted to bolster reserves during lower‑revenue years.
Key numbers and…
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