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District finance staff reports multiyear deficits but board gives positive certification
Summary
The district's first interim financial report (through Oct. 31) showed small enrollment dips, updated revenue from grants and E-Rate, and multiyear deficits estimated at roughly $6M (current year), $14M (year two) and $18M (year three); the board approved a positive certification and directed staff to bring a deficit-reduction plan to the February study session.
Finance staff presented the Escondido Union High School District's first interim report for the 2024-25 fiscal year on Dec. 17 and recommended a positive certification of the district's financial condition.
Amanda, the finance presenter, reviewed multiyear projections and said enrollment is down by roughly 19 students per year with modest ADA changes; revenue increases were driven by a transportation grant and E‑Rate technology funding. She emphasized that, while the district met certification standards, it is continuing to deficit spend under current assumptions: "The deficit is about 6,000,000 in the current year, 14 in the 2nd, and almost 18 in the 3rd," she said, and added that cabinet will bring a plan to reduce that deficit at the February study session.
The board moved to approve the positive certification; the motion was seconded and the vote passed. Amanda also reviewed key dates for state budget actions and the next interim report in March.
