Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
District reports $6.2M increase for 2024–25; ending balance $33.9M
Summary
Associate Superintendent David Flores told the Board the district's 2024–25 unaudited financial results show an increase of $6.2 million, bringing the ending balance to $33.9 million; funds are invested with the County Treasurer and typically earn 1–2% interest due to account restrictions.
Associate Superintendent of Business Services David Flores presented the district's 2024'25 Unaudited Financial Report at the Sept. 9 meeting and reported a $6.2 million increase that resulted in a $33.9 million ending balance for the fiscal year. Flores reviewed revenues and expenditures across unrestricted and restricted funds and explained the district places funds with the County Treasurer, noting the restrictive account types generally yield about 1–2% in interest.
Board members asked where funds are invested and what returns they generate; Flores replied that the County Treasurer manages district investments and reiterated the low single-digit yields tied to account restrictions. The Board approved the unaudited financial report (recorded as RES. 25-208 and carried 4-0).
