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Fairfield‑Suisun board approves unaudited actuals for 2024–25; trustees flag federal funding and rising insurance costs
Summary
The board accepted the district’s unaudited actuals for fiscal year 2024–25, reporting a $56.7 million unrestricted general‑fund balance and constrained restricted funds. Trustees discussed potential federal funding cuts and rising employee health‑insurance costs.
The Fairfield‑Suisun Unified School District Governing Board on Sept. 18 approved the district’s unaudited actuals financial statement for the 2024–25 fiscal year, a formal accounting of financial activity from July 1, 2024, through June 30, 2025.
Director of Fiscal Services Amanda Reese presented the report. On the unrestricted side of the general fund Reese reported revenues of $263.6 million, expenditures of $195.4 million, and transfers (other sources/uses) of $50.5 million, leaving an unrestricted ending fund balance of $56.7 million as of June 30. Reese said the unrestricted undesignated balance was about $23.4 million and noted that restricted one‑time dollars materially helped grow the unrestricted balance.
Trustee discussion and context Trustees asked questions about financial risks and upcoming pressures. Trustee Flynn said districts statewide were monitoring possible federal budget cuts of up to 20 percent and that district staff were tracking legislative developments. Doctor Dilley (Trustee Dilley) and others flagged an anticipated 3.5 percent employee compensation increase beginning July 1, 2025, which Reese said was not included in the ending fund balance. Another trustee noted projected employee health‑insurance premium increases of about 13.5 percent in the coming years.
Board action A motion to approve the unaudited actuals was moved and seconded and carried on a board vote.
What it means: The unaudited actuals provide the basis for the district’s interim and final budget work. Staff said their next steps include tracking federal funding decisions, receiving official enrollment and unduplicated pupil counts in October, and continuing budget adjustments as new revenue information becomes available.
Clarifying financial details provided in the presentation - Unrestricted general fund revenues (FY24–25): $263,600,000 (presented figure). - Unrestricted general fund expenditures (FY24–25): $195,400,000 (presented figure). - Transfers to restricted funds (other sources/uses): $50,500,000 (presented figure). - Unrestricted ending fund balance (6/30/2025): $56,700,000 (presented figure). - Restricted general fund revenues: $58,500,000; restricted expenditures: $117,300,000; restricted ending balance cited as $555,300,000 in transcript (noted as presentation figure — staff said highlighted funds are mostly one‑time resources).
Ending: Trustees directed staff to continue monitoring federal revenue prospects and provide updates as enrollment and state/federal guidance are finalized.
