Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
District files 24-25 unaudited actuals; transfer narrows projected deficit
Summary
Lori and finance staff presented the district's 2024-25 unaudited actuals, reporting a transfer of about $3.6 million from Fund 140 that narrowed an estimated $8 million deficit to roughly $4 million and leaving the district with restricted spend-downs and continued focus on reserves and one-time funds.
District finance staff presented the 2024-25 unaudited actuals and a summary of revenues, expenditures and fund balances. The board voted to authorize filing the unaudited actuals with the Ventura County Office of Education.
Key figures presented by district staff: LCFF and combined fund revenues totaled about $105.8 million; the district recorded transfers (including a roughly $3.6 million transfer from Fund 140) to balance multi-year projections. Staff said…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
