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Mt. Diablo Unified board certifies 2024–25 unaudited actuals; staff warns of multi‑year deficit
Summary
The board voted to certify the district’s unaudited 2024–25 financials. Finance staff said the district ended the year with a lower combined fund balance than prior projections and presented a multi‑year forecast showing continuing deficit spending unless revenue or spending changes are made.
The Mt. Diablo Unified School District Board of Education certified the district’s 2024–25 unaudited actuals at its Sept. 10 meeting and heard staff describe the district’s fiscal position over the next three years.
Chief Financial Officer Gustavo Aguilera and budget staff presented the unaudited actuals, which reconcile revenues and expenditures through June 30, 2025, and establish the beginning fund balances for the 2025–26 fiscal year. The board voted 5‑0 to certify the 2024–25 unaudited actuals following a motion by Trustee Lawrence and a second by Trustee Mason.
Staff summarized that unrestricted general fund expenditures remain heavily concentrated in salary and benefits — about 91% of unrestricted spending — and that the district ended 2024–25 with a lower combined fund balance than the prior peak. The presentation highlighted restricted (grant) balances for one‑time programs such as learning recovery and arts/music grants. Brenda Barbera, part of the fiscal team, noted multiple one‑time restricted grants and emphasized that those funds have spending restrictions and are generally best used for one‑time expenses.
Superintendent Clark and board members emphasized the tradeoffs between ongoing salary commitments and one‑time capital or program spending. Clark reiterated that ongoing salary increases must be supported by ongoing revenue and said the administration will return with first‑interim projections in October. Staff also reminded the board that state and federal funding changes, enrollment shifts and negotiation outcomes could materially affect multi‑year projections.
Ending: The board certified the unaudited actuals 5‑0. Staff will publish the completed audit to state agencies once external auditors finish their work and will present the first interim budget report in October with updated enrollment and revised multi‑year projections.
