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Carlsbad Unified reclasses $1.56 million in restricted revenue; board approves revised unaudited actuals 5‑0
Summary
The district reclassified about $1,560,000 in restricted/unearned revenue after County Office review and adjusted P2 ADA from 10,355.49 to 10,072.03; trustees approved the revised unaudited actuals and requested documentation of the PeopleSoft entry and follow‑up.
Carlsbad Unified School District trustees approved revisions to the 2024–25 unaudited actuals after district staff reported technical corrections required by the County Office of Education.
Dr. Nye told the board auditors identified restricted funds that had been incorrectly recorded as ending fund balance; staff reclassified approximately $1,560,000 as unearned revenue to avoid an audit finding. “The…
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