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Board adopts 2024–25 unaudited actuals showing $124.8M in revenue and $72.7M ending fund balance
Summary
After a public hearing, trustees authorized filing the district’s 2024–25 unaudited actual financial report, which showed total revenue of about $124.8 million, a decrease in fund balance of roughly $11.66 million and an ending balance near $72.67 million; trustees asked for a side‑by‑side comparison to prior estimates.
The Barstow Unified School District Board of Trustees held a public hearing and voted to adopt and file the district’s 2024–25 unaudited actual financial report with the county superintendent, approving figures staff said are now final after the audit process.
Business services staff presented the numbers and explained major components of revenue and expenditures. The district reported total revenue of about $124,829,38—(district presenter read the total as $124,82,938.32 in the presentation) with Local Control Funding Formula (LCFF) revenue of about $82,893,918. Staff said the district recorded a net decrease in fund balance of $11,664,164, resulting in an ending balance of approximately $72,669,132. Staff also highlighted that salary costs make up a significant portion of expenditures (about 58%) and noted large capital outlays from the general fund this year that altered typical percentages.
Trustees asked how the final audited figures compared with the district’s second interim estimates; finance staff agreed to prepare a three‑column comparison (original budget, second interim, and audited actuals) and add that comparison to a Friday report so trustees could track deviations and improve forecasting.
The board approved filing the unaudited actuals and authorized Board Secretary Deanna Swearing to sign the form required by the county. The approval followed the public hearing and brief Q&A about reserved and restricted balances, assigned uses (deferred maintenance, HVAC projects, uninsured claims) and a required 3% reserve for economic uncertainty.
Why it matters: the unaudited actuals are the official report the district files with the county and state and are the baseline for next year’s budgeting and planning. Trustees asked for greater transparency on variances to improve future forecasting.
Next steps: finance staff will present the budget vs. second interim vs. audited actual comparison to trustees in a Friday report and will bring any follow‑up clarifications requested by the board.
