Pleasanton Unified closes 2023–24 with $9.2M unrestricted reserve (4.1%); board approves unaudited actuals

The board unanimously approved the district’s unaudited fiscal‑year 2023–24 actuals after a presentation that showed total revenues of about $216 million, total expenditures of about $230.4 million and a $22.3 million ending fund balance.

Key figures presented by the chief business officer included an unrestricted general‑fund reserve of 4.1% ($9.2 million) and a $12.77 million drawdown compared with the prior year. The presentation highlighted increased salary and benefit costs — including negotiated compensation increases — and an increase in contributions to restricted programs (notably special education).

Trustees asked for breakdowns of special‑education cost drivers (contracted services, nonpublic placements, and supply‑and‑demand increases for high‑need services), details about carryover and donations, and the composition of the $1.8 million in adult‑education funding. The CFO said the district had used allowable one‑time funds and shifted some expenditures to restricted categories to ease pressure on the general fund.

Next steps: auditors will review unaudited actuals; staff will present a revised 2024–25 budget based on unaudited results and reduction planning; the board will consider reduction resolutions and the first interim report in coming months.

Ending: The board approved the unaudited actuals 6–0 and directed staff to continue budget advisory work, reductions planning and community engagement before final budget decisions.