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Banning Unified presents First Interim: current year surplus after one‑time adjustments, multiyear deficits projected
Summary
District staff reported combined general fund revenues of about $86 million and expenditures of about $96 million; after removing one‑time items the unrestricted general fund shows an approximate $400,000 surplus this year, while multiyear projections show deficits in subsequent years that the board will monitor.
Chief Business Officer Mr. Herrera and fiscal officer Mr. Eddie Ramos presented the 2024‑25 First Interim financial report to the Board of Trustees on Dec. 19.
Herrera said the report closes the 2023‑24 unaudited actuals and folds beginning balances into the current projections. Ramos summarized three‑year projections: combined general…
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