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Rocklin Unified approves unaudited 2023–24 financials, sets 2024–25 appropriation limit and affirms textbook sufficiency
Summary
Trustees approved the district's unaudited financial report for 2023–24, adopted the statutory appropriation limit for 2024–25 and held a public hearing affirming sufficiency of textbooks for 2024–25; the board voted unanimously on each action.
Beth Parish, the district's director of fiscal services, presented Rocklin Unified's unaudited actual revenues and expenditures for 2023—24 and told the board the figures will be audited later this year. "This is going to be our actual revenues and expenditures for 23—24," Parish said, explaining that LCFF remained the district's largest revenue source and that recent lottery and categorical-grant activity changed some restricted balances.
Parish told trustees the district recorded a combined $4.9 million increase in ending fund balance, most of it restricted by categorical grants and carryovers. She said GASB 31 fair-market-value adjustments reduced the book value of pooled county investments and that the unrestricted…
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