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District reports $6.2M deficit in 2024–25 unaudited actuals; board approves report 5–0
Summary
Business services presented the 2024–25 unaudited actuals showing $6.2 million in deficit spending and an ending fund balance of roughly $80.4 million; the board approved the unaudited actuals unanimously and discussed long‑term fiscal pressures including declining enrollment and rising personnel costs.
Business services presented the 2024–25 unaudited actuals to the Paramount Unified School District board on Sept. 10 and the board voted unanimously to accept the report.
District presenters said the general fund recorded deficit spending of $6.2 million in 2024–25. The beginning fund balance was noted at about $86.6 million and the projected ending balance about $80.4 million. Staff explained components of the ending balance, including inventories, committed funds, and a $19 million…
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