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FJUHSD trustees certify positive second interim report, project $76.5M ending fund balance
Summary
Assistant Superintendent Ruben Hernandez presented the second interim budget showing a projected $76.5 million ending fund balance and a positive fiscal solvency certification; the board voted 4-0 to adopt the report and approved the consent calendar later in the meeting.
The Fullerton Joint Union High School District Board of Trustees unanimously certified the district’s second interim report on Tuesday after a presentation by Assistant Superintendent of Business Services Ruben Hernandez.
Hernandez described revenue and expenditure assumptions underlying the report and highlighted the district’s fiscal position. “Tonight’s second interim report is a requirement by state law with Assembly Bill 1200,” he said, explaining the statutory context for the presentation and the multiyear projection through 2026–27.
Hernandez told trustees the local control funding formula (LCFF) remains the largest revenue source (roughly 75–78 percent of revenue in recent years), federal funding is approximately 4 percent, and the district is conservatively managing one-time COVID-related dollars and capital expenditures. He described projected colas in state budgets (2025–26 COLA cited at about 2.43 percent in the governor’s proposal versus an earlier projection of 2.93 percent) and said the district is watching state and federal developments that could affect the forecast.
Key figures presented by Hernandez included a projected ending general fund balance of about $76,500,000 for the 2024–25 school year, with restricted funds comprising roughly 12.7 percent (about $12.7 million) and an estimated unassigned/unrestricted balance near $48,490,000 as shown in the presentation. Hernandez said some capital spending in the current year — notably fencing projects at Buena Park and Fullerton high schools — accounts for changes in capital outlay lines.
After presentation and trustee questions, the board took a motion to approve the second interim report. The motion passed by unanimous voice vote (recorded as 4-0). Later in the meeting the board also approved the consent calendar by a unanimous vote.
Hernandez noted next steps include monitoring the governor’s May revise for state budget changes, finalizing the LCAP and the adopted budget in June, and incorporating outcomes from ongoing labor negotiations into future budget planning.
The board’s certification will be filed with the Orange County Department of Education as required under state law.
