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District projects $17 million favorable variance; board to consider final legal budget and tentative 2024-25 plan
Summary
Finance staff told the board the district expects roughly $780 million in general fund revenue and an overall budget of about $1.1 billion; higher interest income contributed to a projected $17 million favorable variance, directed toward a one-time 2% employee payment, stabilization reserves and unassigned fund balance.
District finance staff presented the final legal budget outlook for the current fiscal year and a preliminary look at the 2024-25 budget. Staff estimated general fund revenues at approximately $780 million and a total budget near $1.1 billion, noting an estimated favorable variance of about $17 million driven largely by higher interest earnings (cited as…
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