Lucerne Valley Unified presents 2024-25 audited actuals showing modest surplus, $8.26M fund balance

Assistant Superintendent of Business Olga Fisher presented the districts audited actuals for fiscal year 2024-25 and recommended the board approve and file the report with San Bernardino County. "Tonight's presentation fulfills that requirement and provides a full transparency on how we manage our finances and where the district funds came from and how they were spent," Fisher said. She told trustees that average daily attendance (ADA) was 1,091 and that the Local Control Funding Formula (LCFF) remained the primary revenue driver.

Fisher reported total revenue for 2024-25 of "$28,780,000" and total expenditures of "$28,690,000," leaving a modest operating surplus and an ending fund balance the presentation listed at about "$8,260,000," plus a separate US Bank prepayment account at roughly "$1.325 million." Fisher described roughly 69% of spending as salaries and benefits, 12% as capital investments and the remainder for books, supplies and services. She recommended the board approve and file the 2024-25 audited actuals; trustees asked clarifying questions about cash-flow timing tied to a planned site project and the districts prepayment strategy.