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Los Gatos Union School District board approves 2024–25 first interim budget; projects $58M revenue, $61M spending
Summary
The board approved the district's First Interim Report for 2024'25. Chief Business Official Teresa Fiscus said the district projects roughly $58 million in revenue and $61 million in expenditures, with staff costs comprising 86% of spending and reserves meeting minimum requirements.
The Los Gatos Union School District Board of Trustees on Tuesday approved the district's First Interim financial report for the 2024'25 school year, a routine but consequential review of revenues, expenditures and multi-year projections.
Chief Business Official Teresa Fiscus told the board the report reflects budget changes through Oct. 31 and shows projected revenues of "approximately 58,000,000" and annual expenditures of about $61,000,000. She…
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