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Glendora Unified board approves unaudited 2024-25 actuals; general fund ends with $17.4 million
Summary
Trustees approved the district's unaudited actuals for fiscal year 2024-25, reporting an increased unrestricted general fund balance of $17.4 million after one-time and ongoing savings; the report will be submitted to the county and inform the 2025-26 budget and independent audit.
Glendora Unified School District trustees voted to approve the district's unaudited actuals for the 2024-25 fiscal year on Monday, a finance update that showed an improved unrestricted general fund balance and will form the basis for the district's independent audit and next year's budget.
Jeanette Walczak, the district's chief financial officer and assistant superintendent of business services, told the board the district "closed out 2425 on a positive note by implementing some of the strategies outlined in our fiscal stabilization plan." She said the district's revenues were about $80.6 million against expenditures of roughly $63.2 million, producing an unrestricted general fund ending balance of $17.4 million.
Araceli…
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