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Board certifies district second‑interim budget; projects multiyear deficit while preserving reserves
Summary
The governing board approved a positive certification of the district's 2024–25 second interim budget and associated resolution, receiving projections that show an ending fund balance of about $44.1 million and forecasted deficit spending in the current year.
The Hueneme Elementary School District governing board voted to approve a positive certification of the district’s 2024–25 second interim budget and adopted Resolution B‑24‑25‑O9, after hearing a staff presentation on revenue, expenditures and a three‑year projection.
Chief Financial staff reported that actuals were recorded through Jan. 31, 2025, and that the district had revised revenue and expenditure estimates ahead of year‑end. The presentation noted an approximate ending general fund balance of $44,132,533…
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