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Board adopts 2024–25 LCAP and budget, flags multi-year deficit and maintains 10% reserve
Summary
Trustees adopted the Local Control and Accountability Plan and the 2024–25 budget, noting a projected multi-year structural deficit, a planned 10% reserve (~$28.4M unrestricted) and the need for early mitigation steps to address future shortfalls.
The ABC Unified School District Board adopted its 2024–25 Local Control and Accountability Plan (LCAP) and the district budget after a two-step process. Deputy Superintendent and CFO Tuan Lewin presented final numbers and staff responses to board feedback collected at a prior meeting.
Lewin said district revenues for the 2023–24 year were estimated at about $338 million with expenditures near $329 million and a projected net positive of roughly $3.2 million for the year; the projected ending fund balance was approximately $103 million, of which about $28.4 million is unrestricted and available for board action. He stressed that about $74.6 million of the balance is restricted and cannot be used to cover general operating costs.
Trustees discussed a multi-year deficit projection that begins next year due to declining enrollment and rising costs, and several trustees urged early planning to avoid last-minute cuts. Board members praised retaining a roughly 10% reserve and urged the executive team to develop mitigation options for the coming fiscal years.
The motion to adopt the LCAP and the 2024–25 budget passed by voice vote. Board members noted that future adjustments could be necessary at midyear depending on updated revenue and enrollment figures.
What’s next: Staff will present midyear updates and potential mitigation options if projected deficits deepen; the district will continue community engagement around LCAP priorities.
