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Millbrae board approves positive 2024–25 first interim certification; accepts developer fee report and a salary‑exemption application
Summary
Chief business officer Ralph Crane reported a positive 1st interim certification for 2024–25. Trustees approved the first interim report, the annual developer fees/5‑year findings report and a waiver application related to the classroom‑teacher salary percentage.
Ralph Crane, the district’s chief business officer, presented the 2024–25 first interim report Dec. 17 and told trustees the district will file a positive certification at this checkpoint.
Crane outlined the district’s major revenue and expenditure assumptions, including LCFF revenue, federal and state restricted grants such as ELOP (after‑school funding), and the fact that several one‑time grants from the pandemic period will taper. He reported total projected revenues of approximately $33.3 million for 2024–25 and combined projected expenditures of roughly $34.5 million; the presentation listed a projected ending fund balance of about $11.7 million and said the district had set aside $4.5 million in a multiyear projection reserve for future deficit spending years.
After the presentation trustees approved the 1st interim certification by motion and voice vote. The board then approved a related annual developer‑fees report and five‑year findings for fund 25 (beginning fund balance and 2023‑24 expenditures were listed in the report) and approved a separate resolution authorizing updated signature authorities to reflect upcoming staffing changes.
Trustees also approved an application seeking an exemption (waiver) from the state calculation for the percentage of expenditures devoted to classroom teacher salaries; Crane explained the district did not meet the 60% threshold and that contracted services and certain one‑time grants affect the calculation. The board approved the waiver application and other listed consent items by voice vote.
Trustees used the budget discussion to flag longer‑term concerns: declining state grant availability for unduplicated pupils under some formulas, the projected decline in enrollment in later years, and the need to consider which positions funded by one‑time grants might be absorbed into the general fund or phased out. Crane also announced he will be leaving the district; trustees thanked him for his service and said they will coordinate transition arrangements.
