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Board approves unaudited actuals; Prop 28 spending and routine personnel items also approved
Summary
The board adopted the FY 2024–25 unaudited actuals report showing an ending fund balance of about $99 million and a reserve of ~21.15%; it also approved the Proposition 28 arts-and-music expenditure report, a credential waiver, and announced a personnel commission intended appointee, all by unanimous votes.
In a set of routine fiscal and administrative actions, the Newport-Mesa Unified School District board approved the district—s FY 2024–25 unaudited actuals, accepted the Proposition 28 arts-and-music annual expenditure report and approved several personnel and compliance items.
Jeff Dixon, the district—s Chief Business Officer, told trustees the unaudited actuals reflected significant one-time investments in planning and capital improvements that increased service costs ("about $14 million" in service costs cited) and produced an ending fund balance of just over $99 million and a reserve level around 21.15% (SEG 3139—371). Dixon said the district intentionally drew down…
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