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Twin Rivers board adopts first interim budget with positive certification; staff warn of structural deficit
Summary
The board adopted the 2024-25 first interim report and issued a positive certification; fiscal staff reported a projected $38.4 million difference between expenditures and revenues (driven by one-time spending) and a structural deficit of about $2.8 million for 2024-25.
The Twin Rivers Unified Board voted to adopt the district's 2024-25 first interim budget report and issued a positive certification after staff presented the general-fund picture and multiyear projections.
Fiscal staff told trustees that, on a high-level summary, the district is showing $38.4 million more in expenditures than revenues for the current year, with an ending fund balance cited in the…
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