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Carmel Unified board approves second interim budget report, affirms positive certification
Summary
The Carmel Unified School District Board approved its second interim budget report, showing a projected ending general fund balance of $22.4 million and planned transfers to cover restricted programs and facilities work. Board members discussed reserves, transfers and the possibility of a future bond to address facility needs.
Carmel Unified School District Board of Education on an evening meeting approved the district's second interim budget report and issued a positive certification, district Chief Business Official Yvonne Perez said.
The report covers actual revenues and expenses through Jan. 31 and projects through June 30, 2025. Perez told the board the district began the year with a fund balance she described as $24,300,000, projects revenues on the unrestricted general fund and records “revenue sources available” of $65,900,000, and expects a net decrease in fund balance of $1,800,000 to an ending general fund balance of $22,400,000. The board-required reserves were listed at $19,500,000, leaving an unassigned difference the staff identified as available for planned activities.
The nut of the discussion was how one-time timing, ongoing salary increases and transfers to other funds affect the…
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