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District reports stronger-than-expected ending balances but warns of structural deficit tied to attendance
Summary
Calexico Unified staff reported unaudited fiscal-year results showing ending fund balances above projections—driven largely by deferred revenue and unspent expenditures—but cautioned trustees that a structural deficit linked to average daily attendance risks long-term pressure.
A district presenter told the Calexico Unified School District board that unaudited actuals for the fiscal year showed ending fund balances higher than projected, largely because some revenues were deferred and some expected expenditures did not occur.
The presenter said the district had expected an ending fund balance of about $19 million but finished closer to $26 million, a difference he described as "a really good thing for us." He attributed the improvement chiefly to lower-than-expected expenditures (about $2 million) and payroll savings tied to vacancies and extra-duty positions, plus recognition of roughly $7 million less revenue this year that will carry over…
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