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Perris Union High trustees certify second‑interim budget and acknowledge multi‑year deficit projections
Summary
The board authorized a positive certification of the 2024‑25 second‑interim financial report on March 12, while debating and amending a county letter and a resolution recognizing deficit spending; presenters flagged a $1.7 million projected deficit for 2024‑25 and steeper multi‑year declines in ending fund balance.
The Perris Union High School District board on March 12 approved a positive certification of the district's 2024‑25 second‑interim financial report while acknowledging multi‑year projected deficits and discussing a county‑recommended resolution recognizing deficit spending.
Business Services presented the second interim report and multi‑year projections required by state law. The presentation showed an audited unrestricted ending fund balance of $37.6 million for the prior year, a projected $35.9 million for the current year, $28.3 million for 2025‑26 and about $16.5 million for 2026‑27 under current assumptions. Presenters said the district projects a $1.7 million deficit for 2024‑25, driven by declining enrollment and expenditure growth that outpaces COLA adjustments.
Trustees debated two attachments…
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