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East Side district certifies positive fiscal position in second interim report; board approves report
Summary
The board received the district's second interim financial report, accepted a positive certification, and approved the report after a lengthy staff presentation on enrollment, unduplicated pupil percentage and projections for 2025–26 and beyond.
The East Side Union High School District Board of Trustees voted 5-0 to approve the district's second interim financial report for fiscal year 2024–25 and to certify a "positive" outlook for meeting obligations over the current and two subsequent years.
Associate Superintendent of Business Services Tom Nguyen presented the financial update, noting the report captures data through Jan. 31 and that the district will submit the certification to the county for review. Nguyen said the district is projecting to meet its financial obligations under current assumptions but warned that projections are sensitive to changes in attendance, enrollment and benefit costs.
Nguyen highlighted several assumptions that drive the multi‑year projection: average daily attendance assumptions (92.48% for the remainder of the year, 94% for 2025–26), cost‑of‑living adjustments (COLA) estimates of 2.43% for 2025–26 and 3.52% for 2026–27, and an assumed 6% annual increase for health benefits (though actual renewals have been higher). He noted the district's unduplicated pupil percentage rose sharply this year — a near 9 percentage point jump — improving eligibility for concentration supplemental funding.
Nguyen said, under current assumptions, the district's unrestricted ending balance for the current year meets the state's 3% reserve requirement and that deficit spending is slowing in future years. However, he warned that if enrollment falls or benefit costs rise faster than expected, the certification could change and the district would need to submit a fiscal recovery plan to the county.
After questions and discussion, Trustee Herrera moved and Trustee Chavez seconded approval of the second interim report. The motion passed 5-0.
Board members thanked finance and business staff for their work compiling the report and emphasized the need to monitor enrollment trends, health benefit renewals and federal/state budget developments before the district adopts its preliminary budget in June.
