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Apple Valley board approves first‑interim report with qualified certification amid projected deficits
Summary
The board voted 4–1 to file a qualified first‑interim financial report after staff warned the district’s multi‑year projection could run a deficit without an approved expenditure reduction plan; trustees pressed staff for detailed breakdowns of restricted carryover and reserves.
The Apple Valley Unified School District board voted Dec. 11 to approve staff’s recommendation to file the first‑interim financial report with a qualified certification, after a two‑hour presentation and questions about reserves, restricted carryover and special funds.
"Based on our assumptions as of Oct. 31, if nothing changes we would be coming insolvent next year," said Matthew Schulenburg, the district’s director of fiscal services, presenting the first‑interim multi‑year projection. Schulenburg told trustees the district’s assumptions — enrollment (ADA), COLA and carryover spending — left the district with a…
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