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Azusa Unified approves first interim report and sale amendment; projects a potential $3M third-year shortfall
Summary
The Azusa Unified Board on Dec. 16 approved the district's 2025-26 first interim financial report, accepted a revised surplus property purchase amendment, and was told multi-year projections could show a roughly $3 million shortfall by year three unless corrective actions continue.
The Azusa Unified School District Board approved its 2025'26 first interim financial report on Dec. 16 and also approved a fifth amendment to a purchase-and-sale agreement for surplus property.
Chief Business Officer Jamal presented the interim report, which shows actuals through Oct. 31 and projections through June 30. The district's projected revenue rose about $4 million from the adopted budget to approximately $134.9 million, driven by additional state…
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