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Modesto board certifies positive financial position for 2024–25 amid low COLA and step/column pressure
Summary
Chief business officer presented the first‑interim financial report showing revenue adjustments and multi‑year projections. Despite low COLA projections and increased step/column costs, the board certified a positive financial status and approved the interim report.
Modesto City Schools’ chief business officer presented the district’s first interim financial report for 2024–25 on Dec. 16 and the board approved the report with a "positive" certification.
Finance staff described the revenue and expenditure context: the district continues to rely on prior‑year or three‑year‑average funded ADA calculations for state funding, is recognizing deferred revenue from prior‑year unspent funds (approximately…
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