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Santa Rosa City Schools posts improved closeout but remains below required reserve; board accepts 2024–25 unaudited actuals
Summary
The Board of Education accepted the district's 2024'25 unaudited actuals showing an improved closeout driven by higher transportation reimbursements and restricted carryover, but the general fund remains in the red and the district still needs about $9.2 million to meet a 3% reserve requirement.
The Santa Rosa City Schools Board of Education accepted the district's unaudited actuals for fiscal year 2024'25 on Sept. 10, approving the final closeout figures after a presentation by interim associate superintendent Luz Carreras and executive director of fiscal services Joel Dontos.
Board members were told the district closed the year in a stronger position than expected, but not yet solvent: the district's unrestricted (general) fund balance remains negative, though by about $2 million less than earlier estimates, and the district still falls short of the 3% reserve required for economic uncertainties.
The unaudited report matters because it's the last internal accounting point before external auditors review the books. "This is the last…
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