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Beaumont Unified presents $243 million operating budget and $122 million carryover in 2023-24 unaudited actuals
Summary
Chief Business Official San Martin told trustees the district operated a roughly $243 million budget in 2023-24 and reported an ending general fund balance of about $7.9 million; revenues increased due to LCFF adjustments, federal reimbursements and Proposition 28.
Beaumont Unified officials presented the district’s 2023-24 unaudited actuals on Sept. 10, reporting that the district operated a roughly $243 million budget with approximately $122 million carried into 2024-25.
"Our district operates a $243 million budget and approximately $122 million was carried over to the 24-25 current school year," Chief Business Official San Martin said while summarizing the unaudited figures and the components of the ending balance.
San Martin said revenues increased and expenditures decreased relative to projections: reported increases were driven by LCFF attendance adjustments, federal medical reimbursements (including prior-year back pay), Proposition 28 state revenue and local revenue adjustments. He noted interest income and charter oversights also contributed to higher revenues.
The district reported an ending general fund balance of about $7.9 million, an increase from prior estimates. Expenditure reductions included decreases in transportation contract services, equipment purchases and capital facilities carryover. San Martin told the board the district is required to reserve 3% for economic uncertainties and also holds an additional 8.33% board-designated reserve adopted in 2012 (totaling 11.33%).
Assistant Director of Fiscal Debbie Flores joined San Martin at the presentation to answer trustee questions. Trustees approved the unaudited actuals by motion and voice vote during the meeting.
The presentation will be posted as part of district fiscal records, and trustees framed the numbers as a baseline for upcoming budget discussions and planning.
