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Board adopts 2024–25 unaudited actuals; finance chief flags pension, health and facilities pressures
Summary
The board approved the district’s unaudited actuals for fiscal year 2024–25 and adopted a resolution updating the district’s Gann limit; staff reported a stable unrestricted fund balance but warned of rising pension and health costs and aging facilities that could require future capital funding.
The Carmel Unified School District Board of Education approved the unaudited actual financial statements for the fiscal year ended June 30, 2025, after a presentation by Chief Business Official Yvonne Perez.
Perez said the unaudited actuals provide a year‑end snapshot ahead of the independent audit. She reported that the district began the year with an unrestricted general fund balance of about $24.3 million, recorded combined revenues (including restricted funds) and described a year in which revenues exceeded expenditures by roughly $1.5 million before transfers. Perez said transfers for…
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