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Twin Rivers board approves FY 2024-25 unaudited actuals; classroom-salary percentage remains below state threshold
Summary
Trustees approved the district's FY 2024-25 unaudited actuals showing $563 million in revenues, $583 million in expenditures, an ending general-fund balance of $168 million and a classroom-compensation percentage of 51.92%, below California's 55% guideline; staff said exceptions were submitted to SCOE and auditors will review the books.
The Twin Rivers Unified board voted to present and approve the district's FY 2024-25 unaudited actuals, concluding a staff presentation of year-end financial results.
Kate Ingersoll, executive director of fiscal services, told trustees the district's total revenues for the year were $563,000,000 and total expenditures were $583,000,000, leaving a $20,000,000 gap. She reported an…
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