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Vallejo board approves EPA spending plan and unaudited actuals as officials warn structural deficit remains
Summary
Business services presented the district's 2024-25 unaudited actuals showing a $25.6 million operating deficit and an ending fund balance of $52.2 million (including $30 million restricted); the board approved the Educational Protection Account spending plan (~$30 million) and adopted Gann limit calculations as compliance items. Staff said fiscal stabilization work continues to avoid cash exhaustion.
Business services staff presented three fiscal items: the Educational Protection Account (EPA) spending plan for 2024-25, the district's unaudited actuals for 2024-25, and the Gann limit calculation required for state reporting.
"For this year, our district expects to receive approximately 30,000,000 in EPA revenues," the business-services presenter stated, noting EPA funds are constitutionally restricted to instructional purposes and that the spending plan primarily funds teacher salaries and instructional support.…
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