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Board receives unaudited 2024–25 report: revenue $26.6M, expenditures $27.19M; reserves remain healthy
Summary
District finance staff reported 2024–25 unaudited actuals: total revenue of $26,635,000 and expenditures of $27,186,747; the unrestricted fund balance rose by about $96,000 and the board-directed reserve remains near 15.9%, short of the board-authorized 17% target.
District finance staff presented the 2024–25 unaudited actuals and related budget metrics and recommended the board accept the report. Staff summarized total revenue at approximately $26,635,000 and total expenditures at $27,186,747, reflecting planned restricted spending that produced a small net increase in unrestricted fund balance. "Our total revenue was $26,635,000 last year. We spent 27,186,747," the presenter said.
Staff explained the district met maintenance-of-effort obligations for special education and achieved a positive change to unrestricted ending fund balance of about $96,000. The report cited strategic reserve and assignment practices: the district’s board resolution allows up to a 17% reserve for economic uncertainty and the current designation is about 15.9%. Trustees discussed the composition of restricted versus unrestricted spending, how carryover grants drive apparent deficit spending in restricted funds, and approved the unaudited-actuals report by roll-call vote.
