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El Segundo Unified projects balanced outlook, cites HVAC transfer and hires behavior specialist
Summary
Chief Financial Officer Kim Lins presented the district's second interim report through Jan. 31, 2025, reporting maintained reserves, a deficit in 2024-25 tied to HVAC project transfers, a proposed COLA in the governor's budget, addition of a board-certified behavior analyst and plans to file a 'positive' certification with the county.
Chief Financial Officer Kim Lins told the El Segundo Unified School District Board of Education on March 11 that the district will file a 'positive' second interim certification after reviewing financials through Jan. 31, 2025. "We will be filing a positive certification with the county and see no reason why they wouldn't support us in that," Lins said.
Lins said the second interim reflects six months of operations and follows the district's first interim in December. The presentation showed the district's unrestricted general fund reserves remain at a healthy level while noting a larger deficit in 2024-25 caused by a one-time transfer to cover a districtwide HVAC project. Lins said the transfer…
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