Board approves 2024–25 unaudited actuals and capital‑facilities report; general fund ends with $52.7 million

Miss Marshall presented the district’s 2024–25 unaudited actuals financial report, closing the books for the fiscal year. The report compared estimated revenue and expenses (second interim, Jan. 31, 2025) with actuals as of June 30, 2025. Miss Marshall said local revenue rose due to interest and medical backcasting; LCFF, federal and state sources were slightly lower than estimated. The district reported an ending general‑fund balance of $52,742,298 and a reported deficit spend of approximately $6,300,000. Certification of the unaudited actuals was recommended.

On the expense side, Miss Marshall reported actual expenditures were lower than budgeted overall (about a 5% variance), with increases in certificated and classified salaries reflecting unsettled negotiations not accounted for in second interim. Restricted funds were deferred and will be carried forward into the 2025–26 budget year and first interim report in December, she said.

Separately, Miss Marshall presented the 2024–25 Capital Facilities Fund annual financial report required by government code. The report showed a beginning balance of $117,594, revenue of $31,597 and expenses of $108,566, leaving an ending balance of $40,625; expenditures reflected classroom set‑ups and TK program expansion.

The governing board moved to approve the unaudited actuals and the capital facilities annual financial report; roll‑call votes in the transcript record aye votes from trustees present and the motions passed.