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Paramount Unified presents first interim budget showing projected deficit but healthy reserves
Summary
Assistant Superintendent Patricia Tu and Director Christina Choi presented the district’s 2024–25 first interim report showing combined general fund revenue of $264 million, expenditures of $292 million (a $28 million gap), and a projected combined ending fund balance of $135 million; the board approved the report unanimously.
Paramount Unified School District staff presented the 2024–25 first interim financial report on Dec. 18, outlining revenue and expenditure projections and the district’s multi-year forecast.
Assistant Superintendent Patricia Tu summarized enrollment and average daily attendance (ADA) trends, noting that funded ADA levels are lower than pre-pandemic years and that the district is projecting a conservative ADA of about 91% for the 2024–25 year. She explained that the loss…
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