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SRVUSD accepts 2024–25 unaudited actuals showing $23.7M planned drawdown; board adopts 7% reserve goal
Summary
The San Ramon Valley Unified School District board accepted 2024–25 unaudited actuals that show a planned $23.7 million drawdown and an unrestricted available cash balance of $186,000, and adopted a new fiscal reserve policy aiming to build a 7% combined reserve over time.
The San Ramon Valley Unified School District board on Oct. 20 accepted the district’s 2024–25 unaudited actuals and adopted a new fiscal reserve policy intended to build a strategic reserve on top of the state-required minimum.
Assistant Superintendent of Business Services Danny Hillman told trustees the district closed the 2024–25 fiscal year with combined revenues of about $453.9 million and expenditures of roughly $475 million, a planned overspend of $23.7 million. He said unrestricted ending…
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