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Board approves 2023–24 unaudited actuals; business office outlines fund balances and $90M bond context
Summary
The board approved the district's unaudited 2023–24 actuals after a detailed presentation by the business office, which described modest revenue/expenditure variances, one-time grant sunsets, and Fund 35 state reimbursements tied to construction projects; staff also outlined how a proposed $90 million bond could leverage state reimbursements.
The Martinez Board approved the district’s unaudited actuals for fiscal year 2023–24 following a comprehensive presentation by Andy Cannon, chief business official.
Cannon summarized revenue and expenditures: unrestricted revenue rose about 1% and unrestricted expenditures increased roughly 3%, with a number of category shifts driven by transportation and special education accounting. He described a $1% combined revenue variance and said the district closed…
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