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District reports stronger-than-expected 2024-25 fund balance; board approves unaudited actuals
Summary
Director of fiscal services Nathan Chimera reported the district closed 2024-25 with an $58 million general-fund balance (above a $50 million projection), cited revenue gains and lower-than-expected expenditures, and the board approved the unaudited actuals and several routine fiscal motions.
Nathan Chimera, Beaumont Unified irector of fiscal services, presented the district'024-25 unaudited actuals at the Sept. 9 board meeting and said the district closed the year stronger than projected. Chimera said the district had projected an ending general-fund balance of about $50 million and closed the year at roughly $58 million; he attributed the difference to about $5 million in higher revenue and roughly $3 million in lower expenditures.
Chimera walked the board through revenue sources (LCFF, federal reimbursements, state revenue and…
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