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District CFO reports 2023–24 surplus, warns of state cash deferrals and fading federal funds
Summary
Lancaster School District’s chief financial officer told the board the district closed 2023–24 with reported unrestricted and restricted surpluses and strong reserves but cautioned that federal one‑time funds are sunsetting and the state’s cash deferral schedule will shift revenues into later fiscal months.
Maria, the district’s chief financial officer, presented the 2023–24 financial report and said the district ended the year with reported surpluses in both unrestricted and restricted funds. She stated that unrestricted operations produced a surplus of $1.84 million and restricted programs produced a surplus of $5.86 million, which the presentation summarized as a combined increase of about $7.82 million for the year.
The presentation broke down major revenue buckets and expenditures. The speaker described LCFF and state revenue as the…
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