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Gilbert Unified Board hears final FY25 financial report; classroom site and employee-benefit updates
Summary
Associate Superintendent Bonnie Betts told the governing board on July 29 that year-end accounting adjustments left classroom site funds up about $2 million, instructional-improvement funds up about $700,000, and the employee benefit trust with a remaining fund balance above $20 million despite an expected drawdown.
The Gilbert Unified District governing board on July 29 received its final monthly financial report for fiscal year 2025, with Associate Superintendent of Business Services Bonnie Betts detailing year-end accounting adjustments and fund balances.
Betts told the board the district is closing out FY25 and that maintenance and operations and unrestricted capital funds were seeing slight increases in available balance as purchase orders tied to incomplete projects are unencumbered or rolled over into the next month. "Much of the encumbrance in unrestricted capital is associated with projects that were not completed by June 30," Betts said.
The report…
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