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Board approves unaudited 2024–25 results, directs pension contribution and clears several routine resolutions
Summary
Trustees approved unaudited 2024–25 actuals showing a roughly $4.4 million increase in the general fund balance, directed an $800,000 pension trust contribution with additional direction to fine-tune reserves, and passed several routine resolutions and calendar adoptions.
The Roseville Joint Union High School District Board approved its unaudited financial results for the year ended June 30, 2025, and took a series of routine votes on contracts, state reporting and the 2026–27 school calendar.
Senior Director of Accounting Lauren McGee presented the unaudited actuals, reporting that the district's general fund ending balance rose by about $4.4 million versus budget. Most of the difference—about $3.2 million—was characterized as one-time savings. McGee said staff recommended contributing $800,000 (the 25% target in board policy) to the district's pension trust, which would bring that trust's balance to roughly $6 million.
Trustees questioned the right balance between reserves and pension funding. Trustee Constant and others emphasized the importance of maintaining the unassigned reserve near, but below, the state's 10% reserve cap; Trustee Constant asked staff to consider increasing the pension contribution slightly so the reserve remains just under 10 percent. "I would like as we consider approving this... that we give direction to bump that up," Trustee Constant said, recommending a modest additional contribution to the pension trust.
The board approved the unaudited actuals and the staff direction to manage the reserves and pension contribution (recorded as a 4–0–1 vote). Trustees also approved several other resolutions by roll call votes: Resolution 25-14 (DSA inspection services), Resolution 25-15 (inspection services), Resolution 25-16 (reporting the district's GAM limit to the state), and adopted the 2026–27 school calendars for comprehensive sites, alternative education and Roseville Adult School. The consent agenda was approved earlier in the meeting by a 5–0 roll-call vote.
What happens next: Auditors (CRO, the district's external auditor) will field-test the records next week and prepare audited financial statements for presentation in December. Staff will return to the board with the finalized audited financials and a recommendation on the precise pension trust contribution amount.
Details to note: McGee described most of the variance for 2024–25 as one-time savings; the pension contribution recommendation is an accounting and policy decision the board can adjust when final audited numbers are available. Trustees discussed high-level pension liability figures in general terms (a trustee referenced a larger long-term liability figure during the discussion), but no structural pension commitment beyond the approved one-time transfer was made.
