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Marysville Joint Unified board approves unaudited 2024–25 actuals showing $29.4M fund-balance improvement
Summary
The Marysville Joint Unified School District board approved unaudited 2024–25 actuals showing a combined ending fund balance of $88.7 million—$29.4 million higher than projected—attributing the increase to LCFF revenue growth, higher ADA, interest earnings and grant carryover. The board also approved routine minutes, the consent agenda and a personnel reclassification.
The Marysville Joint Unified School District board voted to approve the district—s unaudited 2024—6 actuals, accepting staff—s accounting that the district closed the year with a combined fund balance of $88.7 million, $29.4 million above the June projection of $59.3 million.
Deputy Superintendent Gabe Simon and business-services staff told trustees the improvement reflected stronger-than-expected LCFF (Local Control Funding Formula) revenues, higher average daily attendance, modestly increased state and local receipts including interest earnings, and a number of unspent or carried-over restricted grants and Prop. 28 funds. "We closed the books at $145.4 million in unrestricted revenue, up from our estimate of $139.8 million," staff said. Combined expenditures closed at $195.3 million versus a projected $223.4 million, producing the favorable variance.
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