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FJUHSD certifies first interim report; officials highlight planned $9 million deficit tied to one‑time costs
Summary
Ruben Hernandez presented the district’s first interim financial report; trustees certified it and voted to approve the report. The presentation described a planned $9 million deficit this year linked to early‑retirement incentives and one‑time costs, with projected surpluses in the 2026–27 outlook.
Ruben Hernandez of the district’s business department presented the Fullerton Joint Union High School District’s first interim financial report on Dec. 9, and trustees certified the report and approved the item by roll call/voice vote.
The presentation explained the district’s revenue and expenditure assumptions, noted that roughly 77% of local control funding formula revenue derives from the state, and reviewed multi‑year projections, including projected ending fund balances. Hernandez told trustees the current year’s deficit…
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