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Apple Valley Unified board hears state budget outlook and local cash‑flow risks
Summary
District finance staff briefed trustees on the adopted 2024–25 California budget, projected LCFF and ADA figures, and a county‑level cash deferral that could shift the district’s June apportionment into early July, requiring close monitoring of cash flow.
Trustees at the Apple Valley Unified School District on Aug. 1 heard a detailed briefing on the state’s adopted 2024–25 budget, how it affects local K–12 funding and what the district plans to do to manage cash‑flow timing.
Deputy superintendent/finance presenter Mr schulenberg summarized the state budget highlights, saying revenues were “coming in slightly better” than the governor had proposed but warning that a $4 billion 2023–24 state accounting deferral and a smaller 2024–25 cash deferral could delay the district’s June apportionment into early July. He said that timing could affect payroll and urged monitoring of cash balances.
The presentation covered LCFF (Local Control Funding Formula) factors, a modest statutory cost‑of‑living adjustment (1.07% for 2024–25 in the slides), and projections for out‑year COLAs. Mr schulenberg told trustees the district is projecting about 12,602 average daily attendance (ADA) for the coming year and noted the district is “not as strong” in local cash balances as some districts, because it has chosen to expend one‑time funds rather than hold large reserves.
He also summarized a settlement tied to the learning recovery emergency block grant that requires districts to conduct needs assessments for certain remaining funds beginning in 2025–26; Apple Valley Unified has already expended its own recovery grant funds, he said. Presenters cautioned that state revenue shortfalls would reduce expected COLAs and that projected enrollment declines statewide merit continued monitoring.
Board members asked clarifying questions about the timing of apportionments and the district’s reserve posture. The presentation concluded with a reminder that the first interim financial report (through Oct. 31) will be the next formal opportunity to adjust assumptions based on enrollment and actual revenues.
The board did not take a fiscal action during the presentation; staff indicated they will return with any recommended adjustments at the next interim reporting period.
