Finance report: unaudited actuals show modestly better-than-expected results, $600K from attendance recovery

The finance presenter reviewed preliminary unaudited actuals for the prior fiscal year. Staff said expected revenue had been $69.7 million and expenditures about $70.2 million with a projected reserve draw of $500,000; unaudited actuals instead show a net reduction of reserves of $400,000 because of higher-than-expected LCFF attendance recovery and other revenue sources.

The presenter attributed approximately $600,000 to successful attendance recovery (crediting before/after tutoring and summer programs) and roughly $200,000 to a resubmitted attendance claim for prior days. Audit work is ongoing with Griffin Larson Allen and the district expects the auditors to meet the December 15 submission date per the signed engagement letter.