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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 fund revenues of roughly $86,000,000 and expenditures of roughly $96,000,000, including $1.5 million in one‑time revenues and $5.8 million in one‑time expenditures (carryover spenddown). After isolating unrestricted general fund figures and removing those one‑time items, staff reported an approximate $400,000 surplus in the current year.
The presentation cautioned that subsequent years show structural deficits driven by carryovers and conservative cost‑of‑living adjustment assumptions; staff highlighted a reserve reduction of about 0.2 percentage points and noted contingency measures and upcoming state budget information (governor's proposed budget in January) that will clarify the outlook. The board voted to approve the First Interim as presented by a 5‑0 vote.
Trustees asked clarifying questions about enrollment trends, unduplicated pupil percentages, and the assumptions used in projections; staff said updated enrollment and state information in the coming months will shape adjustments to the multiyear plan.
