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PYLUSD accepts unaudited FY24‑25 figures; staff flags multi‑year deficit risk and a budget stabilization plan
Summary
Trustees accepted unaudited actuals for FY24‑25 showing a combined ending fund balance of roughly $119.5 million (unrestricted ~$66.5M; restricted ~$53M). Staff said revenues exceeded estimates by $4.2M but projected multi‑year deficits require a budget stabilization plan to address declining enrollment and pension/cost pressures.
Fiscal staff presented the district’s unaudited actuals for the 2024‑25 fiscal year at the Sept. 9 board meeting and the board accepted the report as part of routine approvals.
The report showed revenues exceeded earlier estimates by about $4.2 million. The unrestricted ending fund balance closed at…
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