Board accepts 2024–25 unaudited actuals showing modest surpluses; 97% of expenses support students

Assistant Superintendent of Business Services John Fogarty presented the District’s 2024–25 unaudited actuals Sept. 9, reporting an unrestricted surplus of $4.5 million—representing less than 1% of the unrestricted total budget—and a restricted surplus of approximately $7 million largely attributable to the timing of expenditures. Fogarty noted revenue sources including lottery apportionments, interest, and facility use fees contributed to the surplus, and he reviewed the adopted 2025–26 unrestricted general fund alongside the year-end reports for other funds.

Fogarty also displayed a pie chart showing that 97% of the District’s expenses are directed toward supporting students. The Board thanked Fogarty and Business Services for the presentation and approved the unaudited actuals by unanimous vote. The minutes also reiterate Superintendent Parham’s earlier observation that, at the California average funding level, the District would receive an additional $100 million annually.