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Gilbert Unified board approves FY2025 annual financial report
Summary
The Gilbert Unified District governing board on Oct. 14 approved the unaudited FY2025 annual financial report and school-level reporting, citing $36 million generated by the district override, increased special-education costs and shifts in how teacher pay increases were funded.
The Gilbert Unified District (4239) governing board approved the FY2025 unaudited annual financial report and school-level reporting at its Oct. 14 meeting, with board members voting in favor after a brief discussion.
Jackie Matinen, presentation lead in business services, said the district’s M&O and unrestricted capital revenue decreased about $3 million year over year while operating and unrestricted capital spending rose roughly $4.3 million. “Salaries and benefits decreased by about $6,500,000 in M&O,” Matinen said, but she noted that classroom site fund spending rose approximately…
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