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Board approves 2024–25 unaudited actuals showing smaller‑than‑expected deficit
Summary
The board approved the district's unaudited 2024–25 financials, which showed revenues about $2.1M higher and expenditures about $2.1M lower than estimated, narrowing the expected deficit to about $6.7M and an ending fund balance of roughly $35.1M.
The Ocean View School District Board on Sept. 9 approved the district’s unaudited actuals for fiscal year 2024–25 after a presentation from Assistant Superintendent and Chief Business Official Keith Ferrell.
Ferrell said revenues came in about $2.1 million higher than estimated and expenditures were about $2.1 million below projection, improving the year‑end position. "Instead of the $10,900,000 deficit we were expecting, the deficit came in at $6,700,000," Ferrell said, and reported a total ending fund…
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