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District reports $1.3M reserve draw, $8.9M annual revenue loss from enrollment decline; board approved $2M reduction plan
Summary
Chief Business Official Meredith Davidson reported the district ended fiscal 2024–25 with $83.6 million in general fund revenues, $90.1 million in expenditures and a $1.3 million reserve draw linked to enrollment declines and rising costs.
The San Ysidro School District’s Chief Business Official presented the unaudited actual financial report for fiscal year 2024–25, showing a combined general fund revenue total of $83.6 million and expenditures of $90.1 million, which required the district to draw approximately $1.3 million from its reserves.
Key facts: The local control funding formula (LCFF) accounted for about 69% of revenues; the district reported a very low…
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