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Ventura Unified adopts first interim report showing enrollment decline, one-time revenues and multi-year budget risk
Summary
The board adopted the district's First Interim Financial Report Dec. 13. Staff reported declining enrollment, updated unduplicated counts that favor LCFF funding, $3.7M closed-trust return and $1.7M workers'comp dividend, and a multi-year projection that could swing to a deficit depending on COLA and one-time fund sunsets.
Ventura Unified's board on Dec. 13 approved the district's First Interim Financial Report, which updates the adopted budget to Oct. 31 actuals and revises multi-year projections.
Finance staff (identified in the meeting as "Assan") told trustees the district is losing roughly 200'200 students a year, a trend that depresses ADA-based funding. The district's unduplicated pupil count was updated to about 60 percent, which raises LCFF supplemental/concentration…
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