Glendora Unified board approves unaudited 2024-25 actuals; general fund ends with $17.4 million

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 Medina, the district's director of fiscal services, provided line-item detail, saying the district began the year with an adjusted fund balance of about $15.3 million, reported an LCFF entitlement of $76.6 million for 2024-25, federal revenues near $2.7 million (reduced from prior year one-time funds), and local revenues of roughly $12.2 million in part because of a city contribution for the pool and several grants. Medina said general fund contributions to special education totaled $11.8 million and routine maintenance was $3.4 million.

Trustee Garcia moved to approve the unaudited actuals; President Clifford seconded. The board approved the report by voice vote with no member voicing opposition. According to presenters, once the board approves the unaudited actuals the report is submitted to the Los Angeles County Office of Education and becomes the foundation for an independent audit to be finalized later in the year and for updates to the 2025-26 budget.

Trustees asked staff to clarify several items before approval. Board members discussed which enrollment base will be used for future LCFF projections (three-year average versus the greatest of several measures); Medina said the district will confirm which basis applies for 2025-26. Trustees also asked for a clearer breakdown of the $3 million increase in "services and other operating expenditures," and staff said much of the increase reflects spending down one-time grants and higher contracted services for special education placements.

The superintendent and trustees framed the approval as a step toward fiscal transparency and stability: the board's authorization will allow staff to submit required forms to the county and proceed with the district's independent audit and first interim budget report later this year.

The board also approved an annual resolution setting District of Choice interdistrict space allocations and the consent calendar, which included approximately $9 million in business-related expenditures. Both measures passed by voice vote with no opposition. The meeting adjourned to closed session and later reconvened; trustees reported no reportable action from the extended closed session.