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Lancaster School District reports modest 2023–24 surplus, warns of state cash deferrals
Summary
Chief Financial Officer Maria told the board the district ended 2023–24 with a combined fund balance of about $63.99 million and reported unrestricted and restricted surpluses, while warning state cash‑deferral timing could delay some revenue into July 2025.
Maria, the district’s Chief Financial Officer, presented the adopted 2023–24 financial report, saying the district closed the year with a combined fund balance of about $63.99 million.
She told the board that unrestricted revenues — including Local Control Funding Formula (LCFF) revenue presented in the slide deck as roughly $188.20 million — and unrestricted expenditures (salaries and benefits, supplies and services, capital outlay) produced an unrestricted surplus of about $1.84 million. Restricted (grant and federal) resources generated a reported restricted surplus of about $5.86 million, yielding a…
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