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Board accepts unaudited 2024–25 results and adopts Gann appropriations limit for 2024–25 and 2025–26
Summary
The board reviewed the district's unaudited actuals for 2024–25, approved submission of the year‑end summary, and adopted the Gann appropriations limit; staff said an increase in interest revenue and year‑end adjustments produced a smaller ending-year deficit but longer-term projections still show a need for multi-year structural adjustments.
District fiscal staff presented the 2024–25 unaudited actuals and the appropriations limit calculation required under Article XIII B (the so‑called Gann limit). The board approved both items. Director of Business Services Mark Pong outlined final closing adjustments: the district’s unaudited actuals showed a decrease in expenditures from earlier estimates and a net reduction in the combined unrestricted/restricted fund balance of about…
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