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Board certifies first interim budget as positive, shifts $16.25M to stabilization fund and approves multiple construction and contract items
Summary
The Washington Unified board voted to certify the first interim financial report as a positive certification, approved a $16.25 million transfer to a budget-stabilization Fund 17, and authorized contracts and change orders for ADA upgrades, asphalt projects and the Westfield Village modernization notice of completion; trustees pressed staff on multi-year deficits and clarity on restricted transfers.
Washington Unified School District trustees on Dec. 17 certified the district’s 2024–25 first interim financial report as a "positive" certification, approved transfers to restricted funds including a $16.25 million contribution to a budget-stabilization reserve (Fund 17), and approved a series of construction contracts and change orders.
Chief Business Officer Monique Stovall and Director of Fiscal Services Billy Duba presented the report, which covers the period ending Oct. 31, 2024, and was due to the county Dec. 15. Duba said revenue projections improved slightly — driven by higher interest earnings and a modest increase in enrollment — and staff reduced projected expenses from about $86.7 million to $81.6 million based on year-to-date actuals and historical trends. The report showed a preliminary operating surplus of about $19.5 million before transfers.
Stovall explained the budget transfers: roughly $33 million in "total other sources…
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