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Ventura Unified certifies second interim budget; staff warns of an $8 million multi-year shortfall and outlines TRAN option; summer programs previewed
Summary
Business Services certified a positive second interim with a 6% reserve but projected an $8 million multi-year deficit after reductions; staff presented a first read of a Tax Revenue Anticipation Note as a cash-flow option and previewed summer programming that will be partially reimbursed by Learn for Life.
Ventura Unified's Business Services staff presented the district's 2024-25 second interim financial report, which the board certified as "positive" while staff warned of multi-year deficits and near-term cash-flow risk.
Key budget items: staff said the district will maintain a 6% available reserve in the near term but projected a structural deficit after three years. With the reductions approved by the board (estimated at roughly $5.5 million), the district still faces an approximate $8 million shortfall on multi-year projections unless additional savings or revenue materialize.
Enrollment trends: presenters cited a continuing enrollment decline (staff used a working…
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