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Glendora Unified certifies second interim report as 'positive' but projects multi‑year deficits
Summary
District finance staff presented the 2024–25 second interim showing an updated ending fund balance of about $15.0 million for 24–25, modest revenue increases, and projected multi‑year deficits (approximately $1.6M in the current year, ~$2.0M in 25–26 and ~$3.7M in 26–27); the board certified the report as 'positive' and will submit to LACOE.
Glendora Unified School District financial staff presented the 2024–25 second interim report on March 10 and the board certified the report as "positive," meaning the district expects to meet its financial obligations for the current year and the next two fiscal years, with continued monitoring.
Janette, the district finance officer, led the multi‑year assumptions and forecasts. Staff reported current enrollment at 6,369 pupils and explained funded average daily attendance (ADA) calculations: funded ADA for 24–25 is 6,185.94 while the district’s current ADA is 6,135.9, a funded…
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