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Board approves 2024–25 unaudited actuals after staff report; district recoups TK funds on appeal
Summary
Finance staff presented PVPUSD’s 2024–25 unaudited actuals showing $2.5 million more in revenues than projected and a modest increase in expenditures; staff credited a successful appeal of a prior TK audit finding for restored state funds and noted carryover for site gifts and capital projects.
The Palos Verdes Peninsula Unified School District board approved its 2024–25 unaudited actuals on Sept. 10 after finance staff reviewed year‑end balances and closing adjustments.
Finance staff reported total general‑fund revenues were approximately $2.5 million higher than budgeted and expenditures rose by about $300,000, producing a roughly $2.1 million increase to the general‑fund ending balance. Staff flagged several accounting…
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