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Orange Unified board certifies positive financial outlook despite one-year deficit
Summary
Trustees approved a positive certification of the district's 2024'25 second interim financial report, citing a projected $15.7 million current‑year deficit driven by restricted funds but multiyear projections showing recovery and healthy reserves; vote was 7'0'00.
The Orange Unified School District board voted unanimously to issue a positive certification on the district's 2024'25 second interim financial report, accepting staff's projections that show a current‑year deficit but a return to balanced budgets in 2025'26 and 2026'27.
During a presentation to trustees, district fiscal staff said combined projected revenue for 2024'25 is $421,300,487 and projected expenditures are $437,045,877, producing a projected deficit of $15,745,390 that staff attributed primarily to timing and restrictions on one‑time funds. The presenter said the district's ending fund balance is…
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