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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 $10,000,000 and that “if an employee is classroom site fund eligible, 100% of their compensation increase is funded from classroom site fund.”
The presentation attributed operating expense increases to higher utility costs and special‑education tuition, which Matinen described as a major driver of increased M&O spending. Staff said SPED tuition rose by roughly $1.7–$1.9 million and overall SPED costs increased about $2.5 million. The district also reported it spent down roughly $1.8 million of fund balance during FY2025.
Bonnie (last name not stated) and Matinen outlined other fiscal details: districtwide technology and curriculum purchases contributed materially to capital spending (technology and curriculum increases cited in the presentation in the mid‑millions), and the food service program finished the year with an improved ending fund balance after a small price increase and operational adjustments tied to changes in universal free-meal participation; Harris school was identified as able to serve 100% of students free breakfast and lunch, which contributed to the positive result.
Action item 6.01 — the fiscal‑year 2025 annual financial report and school‑level reporting form — was moved, seconded and approved by the board during the business meeting following the work study. The board agreed to sign the required form; no recorded opposition was voiced during the vote.
The district described the report as unaudited. Staff said they will update certain figures (for example, average teacher salary) in the FY2026 budget revision. The board did not amend the report at the meeting and opened the matter for the required signatures.
What’s next: the board moved into executive session after the approval to discuss legal advice and superintendent search matters, per the citation read at the meeting.
