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District reports higher‑than‑expected 2023–24 revenues and a stronger ending fund balance
Summary
Finance staff presented the unaudited actuals for FY 2023–24: revenues exceeded estimates while expenditures were higher mainly from salary increases; the result was an increased ending fund balance and carryovers to restricted programs, with staff planning a five‑year budget stabilization strategy to present at the December interim report.
The Orange Unified School District presented unaudited actual financial results for fiscal year 2023–24 and an updated 2024–25 revised budget framework.
Fiscal staff said general‑fund revenues came in approximately $2.6 million higher than the June estimates while…
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