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Chico Unified previews 2024–25 budget, warns of $1M projected deficit and state cash-deferral risk
Summary
District finance staff outlined the 2024–25 original budget, projecting about a $1 million deficit while emphasizing most unrestricted spending is salaries and noting potential state "cash deferral" could shift June payments into July; the district said it could manage a one-month deferral but will monitor state action.
District finance staff presented the Chico Unified School District's 2024'25 original budget at the June 12 board meeting and warned about both a modest projected operating deficit and the risk posed by potential state-level cash-deferral proposals.
Jacqueline (speaker 8) and finance staff said the district's total budget is about $216 million, with roughly $19 million in LCAP-targeted funds. Staff projected a net decrease in fund balance for 2024'25 of about $1,000,000…
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