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Board accepts 2024–25 unaudited actuals; district reports $20.3M ending general fund balance and continued special-education shortfall
Summary
Trustees accepted the unaudited 2024–25 financial results showing a $20.3 million ending general fund balance (25.6% reserve), ongoing underfunding of special education, and carryover/ timing effects in federal and categorical funds; the board approved the unaudited actuals unanimously.
The Del Mar Union School District board accepted the unaudited actual financial statements for fiscal year 2024–25 and heard staff explain key drivers behind revenues, expenditures and reserves.
Key numbers and takeaways - Unrestricted general fund ending balance: $20.3 million (25.6% of expenditures, including the required 3% state reserve and the board’s 15% reserve policy). Staff said this includes planned set‑asides for insurance, utilities and other uncertainties. - Total general fund revenues (including STRS on‑behalf): $81.6 million; total general fund expenditures: $79.35 million (unaudited). The presentation noted an increase in property‑tax receipts and local donations compared with May estimates. - Deferred and timing items: Some federal and restricted federal funds show lower current‑year revenue because of carryover timing; staff explained…
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