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Board certifies 2024–25 unaudited actuals; approves routine compliance resolutions and transfers
Summary
The Laguna Beach Unified School District board certified the 2024–25 unaudited actuals, adopted the Gann-limit adjustment and approved planned interfund transfers for facilities and capital projects while discussing how reserves and the pool project fit into long-term planning.
On Oct. 9 the Laguna Beach Unified School District Board of Education certified its 2024–25 unaudited actuals and took several routine finance actions, including adopting the statutory Gann-limit adjustment and approving interfund transfers to facility-repair and capital-improvement funds.
Budget Administrator Raymond Lee presented the unaudited actuals for FY 2024–25, reporting final total revenues of about $89.4 million and expenditures of $87.5 million. The district's general fund ending balance was presented as $25.0 million and the total district ending fund…
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