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Mount Diablo Unified reports $44.0M net drawdown in 2024–25; board certifies unaudited actuals
Summary
District fiscal staff presented the 2024–25 unaudited actuals showing a combined general fund ending balance of about $44 million and projected multi-year declines; the board certified the report and discussed budget pressures including salary increases, health benefits and restricted one-time grants.
Mount Diablo Unified School District certified its 2024–25 unaudited actuals on Sept. 10 after district fiscal staff presented the year-end revenues and expenditures and a multi-year projection showing continued fund-balance declines.
Staff said the district closed the 2024–25 fiscal year with a combined general fund ending balance of roughly $44 million. "The numbers are the numbers," said Adrian (district fiscal staff), summarizing the presentation and the audit timeline that will culminate with submission to state and county offices in December.
The presentation showed general fund revenue of approximately $526.6 million and emphasized that roughly 91% of unrestricted expenditures are salary and benefits. Fiscal staff said federally and state-funded restricted programs — including expanded learning, learning-recovery block grants and arts/music grants — accounted for significant one-time funding in 2024–25 and that district carryover of those restricted funds explains part of the year-end balances.
District staff outlined a multi-year unrestricted projection that assumes no additional negotiated salary increases beyond already-signed agreements and includes planned revenue or expenditure adjustments the board had requested. Under those assumptions, the district projects unrestricted fund balances of roughly $25.9 million (2025–26), $20.9 million (2026–27) and $16.7 million (2027–28). Staff cautioned that negotiations, enrollment changes or new state/federal actions could alter those projections.
Trustees asked for clarification about what can be used from restricted balances. Fiscal staff said most restricted funds have statutory or programmatic restrictions and are not available for routine operating costs, although some one-time state block grants include allowable operational uses. The board and superintendent reiterated the district's intent to use one-time funds for one-time expenses and to avoid funding ongoing salary commitments with restricted, time-limited grants.
Trustees voted 5–0 to certify the 2024–25 unaudited actuals. Several trustees and the superintendent urged a public study session on budget assumptions and the district's fiscal strategy ahead of first-interim reporting in October. The district will continue audit work with external auditors through November; the final audited financial statements and more detailed budget projections will follow in December and January.
