Travis Unified closes 2024–25 with positive reserves; board accepts unaudited actuals

Travis Unified’s chief business staff presented unaudited actuals for fiscal year 2024–25 at the Sept. 9 board meeting, reporting a favorable year‑end position driven by higher‑than‑expected impact aid and state reimbursements.

Key figures presented: LCFF revenues of about $64.8 million, general fund total revenues of about $83.7 million, unrestricted expenditures of roughly $52.3 million and an unrestricted ending fund balance of approximately $17.2 million. The district noted an approximately $2.2 million positive swing versus earlier estimated actuals, attributable largely to additional Impact Aid funds from DoDEA and higher home‑to‑school transportation reimbursements.

Business services explained that restricted fund deficits were planned (spending prior‑year surpluses on one‑time restricted items) and that recent bargaining agreements will affect long‑term unrestricted projections; staff emphasized the need to preserve reserves to weather expected multi‑year deficits. Trustees discussed potential reinvestment of unexpected funds, constraints on one‑time vs ongoing spending and next steps, including first interim reporting in November.

The board also approved the annual GANN appropriations limit (routine resolution) and accepted the unaudited actuals as presented; staff will provide updated multi‑year projections at the first interim report.

Next steps: staff to present first interim (November) with updated enrollment, revenue and expenditure projections and model effects of recent bargaining agreements on multi‑year forecasts.