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Board approves FY 2023–24 unaudited actuals; staff say long‑term fiscal outlook unchanged
Summary
The board voted to accept the district's FY 2023–24 unaudited actuals after a detailed presentation from business staff. Presentation showed a larger ending fund balance driven largely by one‑time and restricted items; staff said the district still faces structural deficits and must tighten controls and update the fiscal stabilization plan.
The San Francisco Board of Education on Oct. 8 approved the district’s unaudited actuals for fiscal year 2023–24 after receiving a presentation from Associate Superintendent for Business Dr. Huntoon and Chief Financial Officer Jackie Chen.
Dr. Huntoon and Chen described an improved ending fund balance driven in part by higher local revenue, interest and one‑time items that increased the district’s reported ending fund balance. Chen reported an ending combined fund…
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