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Chula Vista ESD posts $25M net increase in unaudited 2023–24 results; trustees press staff for November/December reduction options
Summary
Fiscal staff reported a $25.2 million net increase in 2023–24 unaudited actuals (revenue +$7M, expenditures −$18M) and showed multi‑year projections that still forecast a potential $19M deficit without adjustments. Trustees requested concrete reduction options and a public plan in November–December.
The district's fiscal team presented the 2023–24 unaudited actuals and a multi‑year projection that prompted detailed trustee questioning about vacancies, rolled‑over purchase orders and one‑time funds.
Finance staff reported that year‑end revenues were about $7 million higher and expenditures roughly $18 million lower than prior estimates, producing a net increase of about $25.2 million in the fund balance. Site carryover totaled…
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