Glendora Unified accepts developer-fee report, earmarks $1.5 million for GHS pool remodel

The Glendora Unified School District Board of Education on Oct. 28 accepted the district eveloper-fee annual report for the reporting period ending June 30, 2024, and heard that approximately $1.5 million is currently planned to support a Glendora High School pool remodel.

The district—hief financial officer presented Fund 25 (capital facilities) figures, saying the district—ollected developer fees this reporting period (the presenter later referenced a collected amount reported as 324,353), reported interest income of 161,992 and an ending Fund 25 balance of 4,228,685. The presenter said expenditures were reported as "4,480" in the presentation; the CFO described the $1.5 million pool allocation as contingent on contributions from the city.

The CFO said the developer-fee fund covers capital projects tied to new residential and commercial development and gave the pool remodel as an example of an intended use. "For example, we're using a portion of that fund to for our GHS pool remodel that will be taking place in the next couple of years," the CFO said.

Trustees asked follow-up questions about allowable uses and how much of the fund had been budgeted beyond the pool. The CFO said the pool placeholder is currently $1,500,000 and that further allocations will depend on additional contributions from the city.

A trustee moved to accept the report and the board approved the action. The board did not provide a detailed line-item breakdown in the public presentation beyond the totals reported; trustees asked for clarifying details during the Q&A.

The acceptance completes the board ction on the developer-fee annual report for the period ending June 30, 2024. Any future appropriations from Fund 25, including the GHS pool project, will proceed subject to the district—udgeting process and, where noted, contributions from the city.