IUSD presents 2024–25 unaudited actuals showing $4.5M unrestricted surplus; 97% of expenses support students

Assistant Superintendent of Business Services John Fogarty presented the 2024–25 unaudited actuals to the Irvine Unified School District Board on Sept. 9, reporting a $4.5 million surplus in unrestricted funds—less than 1% of the unrestricted total budget—and a $7 million surplus in restricted funds largely attributable to the timing of expenditures. The board voted unanimously to approve the unaudited report.

Fogarty reviewed the district’s general fund distribution with a pie chart and emphasized that "97% of expenses are directed towards supporting students." He also noted increased revenue categories that contributed to the surplus, including lottery apportionments, interest, and facility-use fees. The unaudited actuals remain subject to the annual audit to be conducted in the fall.