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Board reviews 2023–24 unaudited actuals: $15M revenue variance, $91M lower expenditures and LCAP carryover
Summary
Staff presented the district’s 2023‑24 unaudited actuals showing a $15 million positive revenue variance, $91 million in unspent expenditures largely due to LCAP carryover ($53.9M), and a $33.6 million ending fund balance reserved for enrollment decline and capital projects.
The board reviewed the Corona‑Norco Unified School District’s unaudited 2023‑24 actuals, a year‑end accounting of revenue and expenditure activity, as required by Ed. Code 42100.
Staff told trustees the district recorded about a $15 million positive variance in revenues compared with prior estimates, driven primarily by higher interest income and redevelopment…
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