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Board adopts unaudited financials; chief business officer Wendy praised for 11 years as CBO and 19 years of service
Summary
The board adopted the 2023–24 unaudited actuals after a detailed presentation from Chief Business Officer Wendy, who reported maintained reserves, tech‑infrastructure investments, and a net credit on a construction project; trustees thanked Wendy as she prepares to retire.
Wendy, the district’s chief business officer, presented the 2023–24 unaudited actual financial report and explained differences that arise when moving from estimated actuals to unaudited actuals, including deferred revenue accounting and the district’s rolling three‑year ADA calculation.
“Because of the rolling 3 year average and because of those couple of years that we were held harmless, you’re seeing the two of them come much closer together,” Wendy said, describing implications for LCFF revenue and noting the district has maintained the board‑required 9% reserve above the required 3% reserve.
Wendy also described capital and contract closeouts: change‑order work produced credits and she cited a net credit of about $363,000 on a construction project. She reported the district’s technology reserve will allow periodic replacement of teacher laptops and Chromebooks and described winding down coronavirus relief funds while preserving successful programs.
Trustees expressed appreciation for Wendy’s multi‑decade service. Colleagues thanked her for clarifying budgets and for leaving the district in a strong fiscal position.
After the presentation, the board adopted the unaudited actual financial report by roll call.
