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County board approves second interim budget showing modest reserve growth; staff to file positive certification
Summary
The San Bernardino County Board of Education approved the second interim financial report for period ending Jan. 31, 2025, projecting a modest increase in the general fund balance and reducing the assumed salary cost‑of‑living adjustment to 2.0% based on benchmark district settlements; staff said there are no cash flow issues and they will fi
The San Bernardino County Board of Education on Wednesday approved the district—s second interim financial report for the fiscal period ending Jan. 31, 2025 and authorized staff to file a positive certification with the California Department of Education.
Chief business and budget staff presented the report, saying statewide revenue trends were stronger than the governor—s forecast year‑to‑date but noting some monthly variability. The county—s unrestricted general fund revenues rose slightly in the second interim, driven by local revenue increases linked to district participation in early literacy and related fee‑for‑service programs. Restricted revenues…
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