Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Lakeside Union adopts positive certification for 2024–25 second interim; reserves projected at about 3.42%
Summary
Assistant Superintendent Lisa Davis presented the 2024–25 Second Interim Financial report; the board adopted a positive certification and related resolutions including closure of a Treasury Oracle account and a $403,705.54 fund transfer to the district.
The board adopted the district's Second Interim Statement of Positive Certification on March 13, 2025, indicating the Lakeside Union School District expects to meet its fiscal obligations for 2024–25 and the two subsequent years. Assistant Superintendent Lisa Davis told the board that an estimated unrestricted reserve is projected at 3.42% at year end but that figure may change depending on unspent funds.
Board members discussed budget pressures tied to recent state weather emergencies, interest-rate volatility and a weak labor market. Member Andrew Hayes expressed concern about reserves and asked the board to schedule a budget study session to explore options, including possible approaches to funding for learning-loss mitigation teachers whose funding ends at the close of 2024–25. The board adopted the certification by unanimous vote.
