Budget and Financials
The Budget and Financial reporting of the District is a collaborative effort between the Assistant Superintendents' Office and the Fiscal Services Department. The work performed is essential to maintaining the District's fiscal solvency. Annual budget and expenditure activities are managed via continuous dialogue with other departments and school sites. Beginning with the 2014-2015 fiscal year, the dialogue expanded to additional stakeholder groups with the implementation of the Local Control Funding Formula and the Local Control Accountability Plan.
Budget and Financial Reporting
Budget and Financial Reporting![]()
Budget and Financial Reporting
In addition to approving the annual operating budget, the California Education Code (Ed Code) requires school district governing boards to approve and certify four financial reports each year. Three of these reports: First Interim (covering July 1 through October 31), Second Interim (covering July 1 through January 31), and Unaudited Actuals (covering July 1 through June 30) must be prepared using the Standardized Account Code Structure (SACS) software developed by the California Department of Education. The fourth report is the audited financial statements prepared by an independent audit firm in accordance with Generally Accepted Accounting Principles (GAAP). Based on the information presented, the Board must make one of three certifications:
- Positive Certification: This means the District can reasonably expect to meet its obligations for the current year and the subsequent two years.
- Qualified Certification: This means the District may not be able to meet its obligations for the current year and the subsequent two years.
- Negative Certification: This means the District is in danger of not meeting its obligations for the current year and the subsequent two years.
The reports include a summary, a variance report, and documents for each district “fund” showing revenues and expenditures. The first pages of the fund documents present revenues and expenditures at a high-level summary, followed by additional documents that disclose the details behind them.
Fiscal Reports![]()
2025-2026 Reports
2024-2025 Reports
| Annual Audit | Average Daily Attendance (ADA) P-Annual (Pending) |
| Unaudited Actuals | Average Daily Attendance (ADA) P-2 |
| Second Interim | Average Daily Attendance (ADA) P-1 |
| First Interim | Property Taxes P-Annual (Pending) |
| 45-Day Revise (Not Applicable) | Property Taxes P-2 |
| Adopted Budget | Property Taxes P-1 |
2023-2024 Reports
2022-2023 Reports
2021-2022 Reports
2020-2021 Reports
2019-2020 Reports
2018-2019 Reports
2017-2018 Reports
2016-2017 Reports
Demographics & Enrollment
Demographics & Enrollment ![]()
Demographics & Enrollment
On August 22, 2024, the Board of Trustees approved a contract with SchoolWorks, Inc. to conduct a demographic, enrollment, and school boundary study.
Key components of the report include:
- The district may experience stable enrollment without significant fluctuations over the next six years, with a projected enrollment of 7,367 students in the 2030-2031 school year.
- Future impacts from new housing developments within the district boundary may generate an additional 119 students for the 2025-2026 school year and 502 students over the next six years.
- Based on the number of classrooms across all schools, the district has a total capacity of 10,928 students and uses 76.6% of elementary school classrooms and 86.9% of high school classrooms.
District Debt
District Debt![]()
District Debt
Non-Voter-Approved Debt is a type of municipal debt issued without the approval of taxpayers. It is guaranteed directly against the issuer’s general fund revenues.School districts use this debt as an alternative to general obligation bonds to fund capital facility projects and/or the acquisition of property.
General Obligation (GO) Bonds provide a way for districts to raise money for projects. GO Bonds are approved by the voters and repaid by property taxpayers.
Frequently Asked Questions
Frequently Asked Questions![]()
Frequently Asked Questions
What are "Unaudited Actuals"?
Unaudited Actuals are the District's preliminary financial reports that show revenues, expenditures, and fund balances at the close of the financialyear (June 30). These reports are prepared by District staff using the District's internal financial records and are submitted to the County Office of Education and the State by September 15 each year.
What is an "Audit"?
An audit is an official independent examination of the District's financial statements conducted by an independent external certified public accounting (CPA) firm. The purpose of the audit is to ensure that the District reports its finances accurately, uses public funds appropriately, complies with state and federal laws, and maintains strong financial controls. The audit is completed within a few months after the Unaudited report is presented to the Board, typically by December 15.
What is the difference between Unaudited Actuals and the Audit Report?
The Unaudited Actuals is the final, year-end financial report of a school district as of June 30. The report is titled "Unaudited" because the auditors have not yet conducted the audit.
The Audit Report is the District’s official final financial report, confirmed by independent auditors following a detailed review of financial records, procedures, and legal compliance.
Why might the numbers change between Unaudited Actuals and the Audit?
Auditors may determine thatadjustments needed for reasons such as
- Corrections to accounting classifications or coding errors
- Adjustments to ensure revenues and expenses are recorded in the correct year
- Identification of transactions that were not recorded by June 30
- Compliance adjustments required by accounting standards
These adjustments are normal and expected as part of the audit process.
Which report is more accurate?
The Audit Report is the final, verified financial report and is considered the most accurate representation of the District's financial position. The Unaudited Actuals are preliminary and subject to change based on the auditors' adjustments.
Are both reports public?
Yes. Both the Unaudited Actuals and the final Audit Report are presented to the Board of Trustees in public meetings and are available on the WUSD Budget and Financials webpage.
When are these reports available?
Unaudited Actuals: Submitted to the County Office of Education and State by September 15 and presented to the Board in a public meeting shortly after.
Audit Report: Completed by December 15 and presented to the Board by January 31 15 each year.
Why does this matter for negotiations?
During collective bargaining, accurate financial information is critical to determining the District's ability to fund salary and benefit increases. The District uses the most current and accurate financial data available, including audited financial statements, to ensure that any agreements reached are fiscally sustainable and do not jeopardize the District's financial health.
Where can I find WUSD's financial reports?
Visit the WUSD Budget and Financials webpage.
CONTACT FISCAL
CONTACT FISCAL![]()
CONTACT FISCAL
Enrico Pascua
Accounting Supervisor
(916)375-7604 x 1020
epascua@wusd.k12.ca.us
