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PUSD reports $52.7M in revenues and $4.5M ending fund balance in unaudited 2023–24 results
Summary
Chief Business Officer Ruth Alhaddoyan presented unaudited actuals showing roughly $52.7M in revenues for 2023–24, an ending fund balance of about $4.5M (largely restricted) and meeting the district’s 3% reserve; the board approved the unaudited actuals by motion.
Chief Business Officer Ruth Alhaddoyan presented the district’s unaudited actuals for fiscal year 2023–24, describing it as a retrospective review of revenues and expenditures. She reported total revenues of about $52.7 million (an increase of roughly $2.16 million compared with the adopted budget) and an ending fund balance of approximately $4.5 million, much of it restricted or semi-restricted. Alhaddoyan explained that local revenue increases (facility rentals, interest earnings and parent contributions) and some one-time state and federal reimbursements contributed to the difference.
Alhaddoyan emphasized that the district met the required 3% reserve for the year and summarized major categories: general fund approximately $4.5M, bond repayment fund about $11.7M and remaining state schools facilities funds near $5.8M. She said auditors will complete the formal audit by December and the board will receive the final audit when available. Trustee Smigel moved to approve the unaudited actuals and Trustee Thomason seconded; the board voted in favor and the chair announced the motion passed (recorded in the meeting as "Motion passes 5 0").
Why it matters: The unaudited actuals provide the board and public with a look-back on fiscal outcomes for 2023–24 and inform budget planning for 2024–25 as the district accounts for known salary and benefits increases and other ongoing costs.
