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Murrieta Valley Unified adopts 2024–25 budget, flags $15 million structural deficit
Summary
Trustees adopted the district’s 2024–25 budget after a presentation that flagged a roughly $15 million structural deficit on the unrestricted fund and stressed attendance (ADA) as a key revenue driver; staff outlined interim corrective actions.
Murrieta Valley Unified’s Board of Education adopted the district’s 2024–25 budget on June 24 after staff presented multi‑year projections that showed continuing pressure on ongoing revenues and an estimated structural deficit.
Finance director James Winnington told trustees the district faces a roughly $15 million structural shortfall on the unrestricted general fund driven by lower COLA assumptions, rising pension costs and the expiration of some temporary funding protections. He said the district will use a combination of ending fund balance, strategic one‑time spending and a corrective plan to shore up the multiyear outlook.
Winnington stressed the revenue sensitivity to attendance (average daily attendance). He illustrated the point with the estimate that increasing ADA capture by 1% yields about $2.6 million in revenue; he also said a one‑day improvement systemwide has nontrivial fiscal effects. "You got to show up," a staff speaker told the board, summarizing the point that ADA materially affects funding.
The adopted budget projects conservative COLA assumptions (1.07% for 2024–25) and retains reserves while planning corrective steps. Staff said the district expects to present interim budget reports and a corrective action plan to the board in the coming months to address the structural gap.
The board approved the budget by voice vote during the G7 motion on the consent/finance agenda.
Next steps: finance will draft a corrective action plan and return to the board with interim updates and proposals for balancing ongoing expenditures and revenue, including strategies to improve ADA capture and to prioritize programs for continuation or adjustment.
