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Corona‑Norco trustees hear second‑interim budget showing increased revenues and planned expenditures
Summary
District staff presented the 2024‑25 second interim budget showing a projected revenue increase of about $10.5 million and expenditure increases of $14.5 million (largely for furniture refresh, textbooks and expanded learning), with committed funds and a capital reserve; staff recommended a positive certification in the consent agenda.
Melissa Elwood presented the district’s 2024‑25 second interim budget to the board, outlining current‑year adjustments and multi‑year projections.
Elwood said the district certified an unduplicated pupil percentage of 72% and adjusted average daily attendance downward; projected revenues rose about $10.5 million compared with the first interim (driven largely by interest and some state/local grants), while projected expenditures increased about $14.5 million, primarily because funds moved from fund balance into expenditure budgets for a classroom furniture refresh, textbooks and expanded-learning programs.
Elwood detailed fund-balance components: $25.8 million in committed general-fund items (including routine repair and technology), $67.5 million in capital-outlay reserve fund commitments and a capital-outlay fund balance of roughly $115.2 million. She said the district is meeting the required 2% reserve and noted a projected decline in ADA for planning purposes.
Board members asked about scheduling summer maintenance at year‑round elementary schools and whether security fencing projects were waiting on DSA (Division of the State Architect) approval. Elwood said the district coordinates project timing with schools and that phase one security fencing projects are in the budget and awaiting DSA approval for construction.
Why it matters: The second interim is the board’s formal financial update and underpins decisions about facilities projects, staffing and instructional materials. The presentation preceded a request for the board to adopt a positive certification of the district’s fiscal status later on the consent calendar.
What’s next: Staff recommended placing the second‑interim report on the consent agenda for a positive certification vote later in the meeting; board members asked staff to circulate summer‑project schedules to affected year‑round sites.
