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CFO: FY25 deficit narrowed to about $58 million; ClearGov to centralize district budgeting
Summary
Cindy Reilman, the district chief financial officer, told the board the district’s projected FY25 deficit has narrowed from $74.8 million to about $58 million and outlined steps — including a ClearGov rollout and a move toward cash-basis operations during the year — to improve transparency and controls.
Cindy Reilman, the district’s chief financial officer, told the board that fiscal-year 2025 began with a $74,800,000 deficit and now is expected to finish “around $58,000,000 deficit,” and that the district’s annual audit will be presented to the board on 2025-12-09.
Reilman said staffing costs and medical-benefits spending — including about a $4.5 million impact from high-cost medical claimants — remain the largest near-term risks to the fund balance. She described ongoing work to shift some internal reporting from full-accrual accounting to operating on a cash basis during the fiscal year while maintaining accruals for audit purposes.
The financia…
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