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CNUSD presents first interim budget showing $225.2M projected ending balance; staff recommends positive certification
Summary
District staff recommended a positive certification for the 2024–25 first interim, reporting a projected ending fund balance of about $225.2 million, a projected ADA decline of 500 students and carryover-driven increases to revenues and capital expenditures.
Melissa Elwood, administrative director of business services, presented the district’s 2024–25 first interim financial report and recommended the board adopt a positive certification.
Elwood said the district’s local-control funding formula assumptions include a 1.07% COLA for the current year and an unduplicated pupil percentage of 72%. She told trustees the district projects a decline in ADA of 500 students compared with the…
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