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Board approves 2024–25 unaudited actuals showing $722,000 deficit and multi‑million ending balance
Summary
Angelina Guizar presented the 2024–25 unaudited actuals showing a $722,000 deficit attributed to a 2% off‑schedule salary increase and higher services/operating expenses; trustees approved the report unanimously.
Angelina Guizar presented the 2024–25 Unaudited Actuals Report and reviewed Form 01 Unrestricted and Restricted Expenditures. She called the board’s attention to an "Excess (Deficiency) of Revenues Over Expenditures" showing a deficit of $722,000 that she said resulted from a 2% off‑schedule salary increase and higher services and operating expenses. Guizar noted a 2024–25 ending balance of $4.2 million and an expected 2025–26 ending balance of $4 million.
Trustee Serena Morrow reported she had questions about the unaudited actuals that were answered by Chuck Wayman and Angelina Guizar prior to the meeting. The board voted to approve the 2024–25 unaudited actuals (moved by Cristy Edwards, seconded by Diana Lytal) with a unanimous vote.
