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Moreno Valley Unified adopts amended 2024–25 financials, flags enrollment shortfall and out‑year risk
Summary
The board approved amended unaudited actuals showing slightly higher-than-expected 2024–25 revenues, a $10.9 million increase in unrestricted ending fund balance to about $120 million, and a 72‑student enrollment shortfall that could reduce state funding by roughly $1.5 million. Trustees asked staff to return with follow-up interim projections.
The Moreno Valley Unified School District Board of Education voted 5–1 on Sept. 9 to adopt an amended unaudited actuals report for fiscal year 2024–25 that shows modest revenue gains and higher-than-projected year-end reserves, while trustees pressed staff about an enrollment shortfall and projections that show deficit spending in later years.
Chief Business Official Susanna Lopez told the board the district’s final unaudited revenues were about $479 million, roughly $6 million above the estimate presented in June, while actual expenditures came…
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