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Board approves 2024–25 First Interim with positive certification amid concerns about excess property tax returns
Summary
The Board unanimously approved the 2024–25 First Interim Financial Report with Positive Certification. Members discussed that 29% of total expenditures are being used for non-educational purposes due to required returns of excess property tax and noted Fund 17 holds $82 million in restricted dollars.
Deputy Superintendent Kevin Bultema and Business Services staff presented the 2024–25 First Interim Financial Report, which the Board approved with Positive Certification. During discussion Board Member Susan Alvaro said, "29% of our total expenditures are being used for non-educational purposes due to the required return of funds to the state for excess property tax," and pressed staff on why increased property-tax receipts ($1.6 million) were smaller than the amount returned to the state ($1.8 million). Staff explained Local Control Funding Formula (LCFF) calculations, including the effect of decreased Average Daily Attendance, offset property‑tax gains.
Executive Director Minette Manio clarified that Fund 17 has a balance of $82 million and that $9.8 million was moved to Fund 17 in 2022–23 from unrestricted funds; staff described those as restricted program dollars reflected in Fund 17 balances and not in multi‑year projection reserves. Board members discussed the scale of excess property taxes not routed to schools—cited during discussion as roughly $36 million—and the potential need for broader public conversation about implications for county education funding.
