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Glendora Unified board approves 2023–24 financials; staff warn of $4.9 million projected 2024–25 deficit
Summary
The Glendora Unified School District Board voted to approve its 2023–24 unaudited actuals and to submit required reports to the county, while staff said a projected $4.9 million shortfall in 2024–25 will require spending adjustments and use of reserve funds.
The Glendora Unified School District Board of Education on Sept. 9 approved the district's 2023–24 unaudited actuals and heard detailed budget figures showing a projected $4.9 million deficit for 2024–25.
Assistant Superintendent of Business Services Janette Walzak and Director of Fiscal Services Aricelli Medina presented the financial packet the board must file with the county by Sept. 15. Medina summarized the year'end figures, saying the district began 2023–24 with about $13.7 million in unrestricted general fund balance, recorded roughly $85.2 million in revenues and about $66.2 million in expenditures, and reported a net increase of approximately $2.9 million for the year.
"We are projecting a deficit of $4.9 million" for 2024–25, Medina said, attributing the shortfall to lower projected attendance (ADA) and higher salary and benefits costs. Medina told trustees that transfers to restricted programs and one-time funds contributed to changes in available unrestricted balances and that the district will update its 2024–25 projections at the first interim report.
Board members asked detailed questions about specific funds and revenue sources. Medina said lottery revenue for 2023–24 totaled about $1.6 million. On deferred maintenance (Fund 14), she said the account is intended for larger facility repairs rather than routine upkeep. The board also discussed Fund 17, the district's special reserve, and whether to apply those funds toward near-term needs; Walzak confirmed the board adopted the Fund 17 resolution on Sept. 12, 2022.
Trustees and staff outlined next steps: submit the audited actuals to the county by the Sept. 15 deadline, continue the district's independent audit through December, and prepare a fiscal stabilization plan that will analyze staffing and other expenditures to reduce deficit spending. Walzak said the independent audit report is due to the state by Dec. 15.
The board approved the audited actuals (item 6.1) by voice vote after a motion and second. The meeting record shows the board also adopted a second-reading revision to BP 6158 (independent study), approved the local SELPA agreement, and approved Resolution 24-25-2 establishing District of Choice spaces. The consent calendar, which district staff said totaled roughly $15 million in expenditures for this meeting, was approved before adjournment.
Public comment at the start of the meeting included a request from Michael Baron that agenda abbreviations be spelled out for readers and that the consent calendar include a single summed dollar figure to improve transparency. The board did not take immediate action on that request but acknowledged the suggestion.
The board adjourned at 8:27 p.m.; staff said they will bring updated multi-year projections and a fiscal stabilization plan to the board as part of the regular budget cycle.
