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District presents 2024–25 unaudited actuals; reserves stronger than expected
Summary
Assistant Superintendent Jordan presented PGUSD’s unaudited 2024–25 financials showing a year‑end general fund balance of about $7.2 million (9.5% reserve). The board certified the unaudited actuals as required and requested future scenario planning on multiyear projections.
The Pacific Grove Unified School District presented its unaudited actuals for fiscal year 2024–25 on Sept. 4 and certified the report to the county office of education as required. Assistant Superintendent Louis Jordan told trustees the district closed the year with a combined ending general‑fund balance of roughly $7.2 million, representing a 9.5% reserve — stronger than projections shown at second interim.
Jordan summarized…
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