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Board adopts second interim budget with positive certification; staff warns of one-time funding reliance
Summary
Twin Rivers Unified—s board adopted the 2024-25 second interim report with a positive certification after finance staff presented that the district will use one-time funds to cover a $37.2 million gap this year but projects a smaller structural deficit in later years as one-time block grants run down.
District finance staff presented the second interim general fund report through Jan. 31, 2025, and the board voted to adopt the report with a positive certification.
Finance staff told the board the district is projecting to "spend more than we are bringing in by $37,200,000," but emphasized most of that difference reflects one-time funds and restricted program spending. The presentation detailed an estimated beginning fund balance of about $188 million and an ending balance of roughly $151 million for the current year when one-time…
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