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Chula Vista schools report unaudited finances: district projects roughly $19 million multi‑year deficit; board approves report
Summary
The district’s unaudited financial report showed revenue increases but also multi‑year pressures, including a projected $19 million deficit in coming years. Trustees discussed reserves, device replacement and textbook costs and approved the unaudited report by vote.
Chief Business Officer Mr. Pong presented the district’s unaudited financial report to trustees, describing changes in revenue and a multi‑year projection that shows a projected deficit of roughly $19 million over upcoming fiscal years.
Pong told trustees that the presentation showed an estimated revenue increase of nearly $7 million and cited a net increase of $25 million driven by…
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