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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 balance of just over $35.1 million. He attributed the changes to adjustments in expanded‑learning funding, transportation, lottery and treasury adjustments, and lower expenditures in several areas including health and utilities.
The presentation broke down unrestricted revenues at about $88.3 million and restricted revenues at about $25.2 million for a combined total of roughly $113.6 million; Ferrell noted ongoing contributions from the general fund to underfunded programs (special education demand was about $13 million, and routine restricted maintenance about $4.7 million).
After brief trustee discussion the board moved to approve the report; the roll‑call vote was recorded as 5–0. During the same new‑business sequence the board also considered and unanimously approved several related items: a resolution setting the appropriations limit, multiple educational‑services and independent‑contractor agreements (including telehealth services with Hazel Health and social‑work interns via the University of Utah), and human‑resources actions.
The board was advised that continued challenges include declining enrollment, high staffing‑cost share (about 91% of the budget), and uncertainty in state and federal funding going forward. Trustees thanked staff for the report and for the recruitment and budget‑management work that contributed to the improved figures.
No changes to major budget policy were adopted at the meeting; the board approved the unaudited actuals for submission and further monitoring in the next budget cycle.
