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Ventura Unified posts small surplus in 2023-24 unaudited actuals; board approves report
Summary
The Ventura Unified board approved the district's 2023-24 unaudited actuals showing a net surplus of about $151,359, an unrestricted ending balance of roughly $24.4 million (about a 6% reserve) and key revenue shifts including higher lottery apportionments and a $1 million mental-health transfer from the county.
The Ventura Unified School District Board of Trustees on Sept. 10 approved the district's 2023-24 unaudited actuals, which staff said produced a modest net surplus of about $151,358.59.
Chief Business Officer Dr. Mirza told the board revenues differed from the estimated actuals in several places: Local Control Funding Formula allocations rose by roughly $199,000; state lottery and apportionment adjustments yielded about $1 million more than expected; and the district received approximately $1 million in mental-health…
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