Plumas Unified School District Management Letter

April 6, 2025 Andrea White, Plumas County Superintendent of Schools James Frost, Interim Superintendent Plumas Unified School District 50 Church St. Quincy, CA 95971 Dear Superintendents White and Frost, In January 2025, the Plumas Unified School District and the Fiscal Crisis and Management Assistance Team (FCMAT) entered into an agreement for FCMAT to conduct a review of the district’s fiscal solvency by creating a multiyear financial projection and a cash flow analysis. The agreement stated that FCMAT would perform the following: 1. Review the district’s 2024-25 first interim general fund budget and use it as a baseline to develop an independent multiyear financial projection (MYFP) for the current and two subsequent fiscal years, including a cash flow analysis for the same period. The MYFP will be a snapshot in time of the district’s financial status. Make recommendations for expenditure reductions and/or revenue increases to help the district eliminate its structural budget deficit, if any. 2. The Team will present the final report to the district’s board of trustees at a public meeting following the completion of the review. The study team conducted remote fieldwork from January through March 2025. The district provided rele- vant payroll, budget and actual reports as well as actual cash reports for the current year. This letter contains the study team’s findings and recommendations. FCMAT appreciates the opportunity to serve the Plumas Unified School District and extends thanks to all the staff for their assistance during fieldwork. Sincerely, Tamara Montero Chief Analyst Fiscal Crisis & Management Assistance Team 1300 17th Street – City Centre, Bakersfield, CA 93301-4533 • Tel. 661-636-4611 • Fax 661-636-4647 www.fcmat.org Overview Plumas Unified School District (PUSD) serves as the primary provider of public education in Plumas County, California, covering a vast geographic area of approximately 2,613 square miles in the state's rural north- eastern region. The district operates 10 schools: four elementary schools, four junior-senior high schools, and two continuation high schools. As of the 2023-24 academic year, the district reported an enrollment of 1,678 students. The student pop- ulation is predominantly Caucasian (78%), with Hispanic students comprising 12.6%, Asian students 1.2%, African American students 1.9%, and 6.3% identifying as other ethnicities. Additionally, 61.6% of students are classified as economically disadvantaged. The district operates within a single-district-county structure in partnership with the Plumas County Office of Education (PCOE), under the governance of a shared five-member board. Each trustee represents a distinct area within the county and serves a four-year term. While the board oversees the district’s school programs, it also shares governance responsibilities with the county superintendent, who delivers county- wide educational oversight and services. This single-district-county model — where one school district and one county office operate jointly — is relatively rare in California. In such arrangements, offices, facilities, and staff are typically shared between the school district and the county office. The California Department of Education’s (CDE’s) School Fiscal Services Division provides oversight of the combined entity. This management letter pertains only to the school district component of the single-district-county con- figuration, because PCOE’s budget was not included in the scope of work. As of the date of this letter, no immediate indicators of fiscal distress have been identified within the county office’s operations. In January 2025, FCMAT was notified of indicators of the rapid deterioration of the district’s fiscal stability. Upon initial review, it became clear that the district’s first interim budget and cash flow projections were unreliable indicators of solvency. At the request of the CDE, FCMAT initiated a more detailed analysis to determine whether the district was in fiscal distress and to estimate when cash insolvency might occur. The remainder of this letter outlines the findings of that analysis. 2 Methodology and Assumptions Revenues Local Control Funding Formula Sources The Local Control Funding Formula (LCFF) determines the largest total amount of unrestricted funding a school district receives. Unlike restricted funding, which must be used for specific purposes as designated by the granting agency, unrestricted funding may be used for any educational purpose. At first interim, the district used FCMAT’s LCFF Calculator for School Districts and Charter Schools and generated reasonable revenue estimates for the current and two subsequent years. However, the dis- trict’s original 2024-25 budget included inaccurate LCFF projections. For this analysis, FCMAT used the most recent version of the LCFF calculator and entered the district’s first interim data into the projection to ensure accuracy. The majority of the district’s LCFF revenue is derived from local property taxes, qualifying it as a “basic aid” or “community-funded” district. As such, the district is not reliant on state aid to meet its LCFF entitle- ment. However, this structure exposes the district to risk due to the volatility of local property tax revenues. Annual fluctuations in property values can significantly affect available funding. To reflect a conservative approach, this analysis assumes a 3.6% increase in property tax revenue for each of the two subsequent years. If this level of growth does not occur, the district revenues assumed in this projection will be lower. (Note: historical growth in property taxes was 5.63% from 2021-22 to 2022-23, 5.57% from 2022-23 to 2023-24, and projected at 3.55% from 2023-24 to 2024-25.) Figure 1 on the following page shows the relatively flat nature of the State Aid and Education Protection Account (EPA) components of the LCFF, alongside the modest projected increases in property tax revenue. If the projected growth does not materialize, the district risks revenue shortfalls in each of the subsequent years. The district did not qualify as a basic aid school district in 2023-24. However, all remaining years in the pro- jection reflect the district as basic aid status. 3 District LCFF Sources, 2024-25 — 2026-27 $30,000,000 $24,580,226 $25,000,000 $21,997,282 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $1,389,346 $1,389,346 $308,678 $289,310 $- 2024-25 2025-26 2026-27 2027-28 Figure 1. A line graph showing the district’s LCFF revenue sources from 2024-25 through 2027-28. Property tax revenue increases steadily each year, rising from approximately $22 million in 2024-25 to $24.6 million in 2027-28. State aid remains flat at $1.39 million annually, while EPA reve- nue gradually declines from $308,678 to $289,310 over the same period. Source: FCMAT-prepared LCFF calculator. Other Non-LCFF Revenue Sources For all other revenues, current-year budgeted amounts were validated using the CDE’s website or other reliable sources. Any adjustments included in the MYFP are noted in the “Adjustments” column. Program revenues not expected to continue in future years were excluded from the projection. Cost-of-living adjust- ment (COLA) percentages can fluctuate and may not materialize as projected when final budgets for each year are adopted. Table 1 presents the assumptions used in the MYFP to estimate non-LCFF revenue increases from 2024-25 through 2026-27. Table 1. MYFP Non-LCFF Revenue Increase Assumptions, 2024-25 — 2026-27 Description 2024-25 2025-26 2026-27 State Rates State Categorical COLA 1.07% 2.43% 3.52% Special Education COLA 1.07% 2.43% 3.52% California Lottery - Base $191.00 $191.00 $191.00 California Lottery - Instructional Materials $82.00 $82.00 $82.00 Mandate Block Grant 1.07% 2.43% 3.52% Source: California Department of Finance. 4 euneveR Property Tax State Aid EPA Fiscal Year Expenses Position Control The district does not maintain a position control system or document. Position control is a critical compo- nent of school district fiscal management, serving as the foundation for accurate budgeting and expendi- ture monitoring. It tracks the number and cost of positions, as well as the programs to which those costs are charged. Because salaries and benefits represent more than 80% of a typical school district’s budget, an accurate and reliable position control system is essential. FCMAT’s review of the district’s budget and actual transactions to date revealed that the absence of posi- tion control significantly hindered the district’s ability to develop accurate budgets and monitor expendi- tures effectively. To support the development of its MYFP and cash flow analysis, FCMAT created a position control document using both historical and current-year financial transaction data. This methodology is based on actual payroll expenditures by employee and by month for the 2024-25 fiscal year. The remaining months of the fiscal year were extrapolated based on known expenditures to estimate full-year costs by employee, including associ- ated program charges for salaries and benefits. FCMAT received detailed transactional data through the end of January 2025; therefore, the extrapolation covers the months of February through June 2025. The resulting position control data was then used to estimate the total salary and benefit costs for the MYFP. Step and column increases for certificated staff were included at 2% annually for each of the two subsequent years. Step increases for classified staff were also included at 2% per year over the same period. Reductions in Staff On March 12, 2025, the district’s governing board approved staffing reductions for the 2025-26 fiscal year. FCMAT received a list of the affected positions, with the total reduction in salaries estimated at $920,000. After accounting for associated benefits, the total projected cost savings were approximately $1.2 million across both the unrestricted and restricted general funds. These reductions were incorporated into FCMAT’s MYFP. Other Staffing Concerns Salaries Charged to Expended Resources During the preparation of the MYFP, it was noted that several programs (resources) funded for multiple years have now been fully expended. The district did not take action to remove or reduce the salaries previously charged to these expired resources. As a result, the unrestricted general fund will be required to absorb these costs in future years. The MYFP includes contributions from the unrestricted general fund to cover these costs in each of the two subsequent years. Collective Bargaining for Classified Unit The district remains in negotiations with the classified bargaining unit, and terms have not yet been final- ized. However, it should be noted that a 2.5% salary schedule increase was agreed upon with the certifi- cated bargaining unit. The estimated cost of applying a similar increase to classified personnel is approxi- mately $207,500. 5 Other Expenditures During the review of nonsalary-based expenditures, FCMAT identified several large costs that were not included in the district’s current-year budget. These expenditures fall primarily under books and supplies, services and other operating expenses, and capital outlay. Adjustments were made to increase appropria- tions in these categories where necessary. Conversely, some reductions were also made to account for projected nonsalary-based expenditures that have not occurred in the current year. The net result of these adjustments was an overall decrease in non- salary expenditures. To account for future cost increases, projected nonsalary expenditures in the MYFP were escalated using the Consumer Price Index (CPI) at rates of 2.92% in 2025-26 and 2.70% in 2026-27. Contributions The district is experiencing cost overruns across nearly every funding source in the budget. When expen- ditures in restricted programs exceed available revenues, the district must make a contribution from the unrestricted general fund to cover the shortfall and balance the resource. In 2024-25, the district required adjustments to address these imbalances, resulting in an additional $1.4 million in contributions. This brings the total unrestricted general fund contributions to $7.3 million for the 2024-25 fiscal year. The district did not include any interfund transfers in its 2024-25 first interim budget. Special education programs — which are restricted — typically require ongoing contributions due to the structural gap between funding and actual costs. For most school districts, special education accounts for the majority of contributions from the unrestricted general fund. In the district, however, general fund contributions to special education total approximately $3.6 million — only about half of the district’s total contributions. This indicates that other restricted resources are also overspending and that the district has not adopted a sustainable approach to ensuring each program operates within its means. 6 Multiyear Financial Projection Revenues, Combined Unrestricted and Restricted Funds Table 2 below presents the revenue section of FCMAT’s MYFP. Column A shows the district’s 2024-25 first interim report, while Column B reflects the adjustments based on FCMAT’s methodologies and assump- tions. Details of these adjustments are provided in the paragraphs following the table. Table 2. Combined Unrestricted and Restricted Fund Revenues, 2024-25—2026-27 District 2024-25 FCMAT 2024-25 FCMAT MYFP FCMAT MYFP Object First Interim Report ($) Adjustment ($) 2025-26 ($) 2026-27 ($) Description Code (A) (B) (C) (D) Combined Summary LCFF Sources 8010-8099 23,718,615 -9,097 24,543,902 25,389,241 LCFF State Aid - Current Year 8011 1,389,346 0 1,389,346 1,389,346 Education Protection Account State Aid - Current Year 8012 324,750 -12,548 299,198 295,772 LCFF State Aid - Prior Years 8019 0 -1,772 0 0 Homeowners' Exemptions 8021 128,284 0 128,284 128,284 Timber Yield Tax 8022 157,433 0 157,433 157,433 Secured Roll Taxes 8041 24,779,818 0 25,728,942 26,713,052 Unsecured Roll Taxes 8042 672,643 0 672,643 672,643 Prior Years' Taxes 8043 9,821 0 9,821 9,821 Transfers to Charter Schools in Lieu of Property Taxes 8096 -3,743,480 5,223 -3,841,765 -3,977,110 Federal Revenue 8100-8299 3,768,440 168,011 3,567,308 3,567,308 Special Education - Entitlement 8181 489,501 0 489,501 489,501 Special Education - Discretionary Grants 8182 47,030 0 47,030 47,030 Child Nutrition Programs 8220 1,080,000 0 1,086,629 1,086,629 Donated Food Commodities 8221 50,000 0 50,000 50,000 Forest Reserve Funds 8260 900,000 0 900,000 900,000 All Other Federal Revenue 8290 1,201,909 168,011 994,148 994,148 7 District 2024-25 FCMAT 2024-25 FCMAT MYFP FCMAT MYFP Object First Interim Report ($) Adjustment ($) 2025-26 ($) 2026-27 ($) Description Code (A) (B) (C) (D) Other State Revenues 8300-8599 4,826,591 -47,172 4,790,030 4,887,295 Other State Apportionments - Current Year 8311 1,852,232 -92,734 1,802,254 1,865,693 Child Nutrition 8520 849,928 0 870,581 901,225 Mandated Cost Reimbursements 8550 74,000 0 70,991 66,008 State Lottery Revenue 8560 370,290 50,000 377,501 335,897 All Other State Revenue 8590 1,680,141 -4,438 1,668,704 1,718,472 Other Local Revenues 8600-8799 3,034,554 -450,018 1,269,092 1,265,447 Food Service Sales 8634 2,000 0 2,000 2,000 Leases and Rentals 8650 253,000 0 253,000 253,000 Interest 8660 200,000 0 204,556 200,911 Interagency Services Between LEAs 8677 618,000 0 618,000 618,000 All Other Local Revenue 8699 1,961,554 -450,018 191,536 191,536 Total, Revenue 35,348,199 -338,276 34,170,332 35,109,291 Sources: District first interim report and FCMAT MYFP. Note: Totals may not add precisely due to minor rounding. Revenues FCMAT decreased total revenues by $338,277. A detailed explanation of the changes by revenue type is provided below. LCFF Sources FCMAT’s adjustments to LCFF sources resulted in a net decrease of $9,097. This is due to a combination of prior year adjustments, a reduction in EPA funding (as shown in Figure 1), and a decrease in charter school in-lieu property tax payments. Federal Revenue FCMAT increased the district’s federal revenue by $168,011, primarily due to the addition of the Elementary and Secondary School Emergency Relief III State Reserve Summer Learning Programs grant (Resource 3225), which the district had received but did not include in its first interim budget. A minor reduction was also made to the Indian Education grant (Resource 4510). 8 Other State Revenue FCMAT decreased the district’s other state revenue by $47,172, driven by a reduction in the state appor- tionment for special education and a decrease in mental health-related services funding. These reductions were partially offset by an increase in state lottery revenue. Other Local Revenue FCMAT decreased the district’s other local revenue by $450,018. This adjustment reflects the removal of an inaccurate budget entry for lease proceeds, which have been reclassified under other sources and uses. Expenses, Combined Unrestricted and Restricted Funds Table 3 below presents the expense section of FCMAT’s MYFP. Column A shows the district’s 2024-25 first interim report, while Column B reflects the adjustments based on FCMAT’s methodologies and assump- tions. Details of these adjustments are provided in the paragraphs following the table. Table 3. Combined Unrestricted and Restricted Fund Expenses and Other Financing Sources and Uses, 2024-25—2026-27 District 2024-25 FCMAT 2024-25 FCMAT MYFP FCMAT MYFP Object First Interim Report ($) Adjustment ($) 2025-26 ($) 2026-27 ($) Description Code (A) (B) (C) (D) B. Expenditures Certificated Salaries 1000-1999 12,370,307 204,669 12,459,266 12,660,112 Classified Salaries 2000-2999 6,862,856 401,371 6,838,429 6,973,159 Employee Benefits 3000-3999 9,224,164 1,039,049 10,086,572 10,205,251 Books and Supplies 4000-4999 3,438,160 -637,642 2,842,697 2,908,327 Services and Other Operating Expenditures 5000-5999 6,838,127 116,775 7,061,597 7,118,079 Capital Outlay/ Depreciation 6000-6999 2,540,043 166,000 2,218,117 2,218,117 Other Outgo (excluding Transfers 7100-7299 of Indirect Costs) 7400-7499 948,714 0 948,714 948,714 Other Outgo - Transfers of Indirect Costs 7300-7399 -25,934 0 -36,158 -53,340 Other Adjustments - Expenditures 0 0 Total, Expenditures 42,196,437 1,290,222 42,419,234 42,978,420 Sources: District first interim report and FCMAT MYFP. Note: Totals may not add precisely due to minor rounding. 9 Expenses FCMAT increased the district’s expenditures by $1,290,222, bringing total expenditures to $43,486,659. A breakdown of the adjustments by expenditure type is provided below. Salaries and Benefits FCMAT increased salary and benefit expenses by a net $1,645,089. These adjustments are primarily due to the absence of a functioning position control system, which affected accurate budgeting across both unrestricted and restricted funds. Books and Supplies FCMAT decreased books and supplies expenditures by $637,642. The largest reductions were made in Title I (Resource 3010), Restricted Lottery (Resource 6300), Arts and Music in Schools Grant (Resource 6770), Kitchen Infrastructure Grant (Resource 7032), and Specialized Secondary Grant (Resource 7370). These reductions were based on an analysis of current-year expenditures and encumbrances as of March 12, 2025. Note: The reduced expenditures in the Arts and Music in Schools Grant are offset by an increase in services and other operating expenditures. Services and Other Operating Expenditures FCMAT increased services and other operating expenditures by $116,775. This increase is due to unbud- geted expenditures that occurred during the current year. The largest increases were in the Arts and Music in Schools Grant (Resource 6770) and Routine Restricted Maintenance (Resource 8150). Capital Outlay FCMAT increased capital outlay expenditures by $166,000, due to current-year expenditures that were not previously budgeted. The largest increases were in Routine Restricted Maintenance (Resource 8150). Changes in Combined Restricted and Unrestricted Fund Balance Table 4 on the following page presents the other sources and uses and changes in fund balance sections of FCMAT’s MYFP. Column A shows the district’s 2024-25 first interim report, while Column B reflects the adjustments based on FCMAT’s methodologies and assumptions. Details of these adjustments are pro- vided in the paragraph following the table. 10 Table 4. Net Increase or Decrease in Fund Balance and Ending Balances, Combined Unrestricted and Restricted Funds, 2024-25—2026-27 District 2024-25 FCMAT 2024-25 FCMAT MYFP FCMAT MYFP Object First Interim Report ($) Adjustment ($) 2025-26 ($) 2026-27 ($) Description Code (A) (B) (C) (D) C. Excess or Deficiency of Revenues over Expenditures before Other Financing Sources and Uses -6,848,238 -1,628,498 -8,248,902 -7,869,128 D. Other Financing Sources/Uses Interfund Transfers Transfers In 8900-8929 0 0 0 0 Transfers Out 7600-7629 0 0 0 0 Other Sources/Uses Sources 8930-8979 0 450,018 0 0 Uses 7630-7699 0 0 0 0 Other Adjustments - Other Financing Uses 0 0 Contributions 8980-8999 0 0 0 0 Total, Other Financing Sources/Uses 0 450,018 0 0 E. Net Increase or Decrease in Fund Balance/Net Position -6,848,238 -1,178,480 -8,248,902 -7,869,128 F. Fund Balance, Reserves/Net Position Beginning Fund Balance/Net Position As of July 1 - Unaudited 9791 3,299,572 0 -4,727,146 -12,976,048 Audit Adjustments 9793 0 0 0 0 As of July 1- Audited 3,299,572 0 -4,727,146 -12,976,048 Other Restatements 9795 0 0 0 0 Adjusted Beginning Balance 3,299,572 0 -4,727,146 -12,976,048 11 District 2024-25 FCMAT 2024-25 FCMAT MYFP FCMAT MYFP Object First Interim Report ($) Adjustment ($) 2025-26 ($) 2026-27 ($) Description Code (A) (B) (C) (D) Ending Balance/Net Position, June 30 -4,727,146 -12,976,048 -20,845,176 Sources: District first interim report and FCMAT MYFP. Note: Totals may not add precisely due to minor rounding. Other Sources and Uses FCMAT increased other sources and uses expenditures by $450,018, representing the reclassification of lease proceeds that were incorrectly budgeted as other local revenue. Because lease proceeds are not considered revenue, this adjustment was necessary to ensure accurate financial reporting. 12 Deficit Spending Current Year Deficit spending occurs when a school district’s expenditures exceed its revenues within a given fiscal year. In its 2024-25 first interim budget, the district proposed $6.8 million in deficit spending. However, when incorporating all factors included in FCMAT’s MYFP, the projected deficit increases by approximately $1.2 million, resulting in an estimated combined unrestricted and restricted deficit of $8 million for 2024-25. The district’s beginning fund balance for 2024-25, based on unaudited actuals from 2023-24, is $3,299,572. After applying the projected $8,026,718 in deficit spending, the district is left with an ending fund balance of -$4,727,145. Note: The district’s 2023-24 audit, due December 15, 2024, had not been finalized at the time of this letter. As a result, the 2024-25 beginning fund balances used in this analysis have not been audited, and potential adjustments or reclassifications remain unknown. Subsequent Years As shown in FCMAT’s MYFP (included as Appendix A), deficit spending is projected to continue at approx- imately $8 million annually in both 2025-26 and 2026-27. As a result, the district’s ending fund balance is expected to deteriorate to -$13 million by the end of 2025-26 and -$21 million by 2026-27. (Note: these ending balances do not reflect the amount required to meet the statutory minimum reserve for economic uncertainties.) 13 Reserve for Economic Uncertainties All California school districts are required to maintain a minimum reserve for economic uncertainties. This reserve is determined on a sliding scale based on school district size. For PUSD, the minimum required reserve is 3% of total expenditures and other financing uses, or $1,304,600. Because the district’s ending unrestricted general fund balance is negative, the total shortfall includes both the negative balance and the amount required to meet the statutory reserve. Table 5 shows the district’s total fund balance shortfall, inclusive of the minimum reserve requirement. Table 5. District Reserve Calculations, 2024-25—2026-27 Description 2024-25 2025-26 2026-27 Available Reserves, by Amount -$7,422,826 -$14,809,788 -$22,927,810 Available Reserves, by Percent -17% -35% -53% Reserve Standard $1,304,600 $1,272,577 $1,289,353 Reserve Standard Percentage Level 3% 3% 3% Available Reserves Meet Reserve Standard (Yes or No) Not Met Not Met Not Met Difference or Shortfall -$8,727,426 -$16,082,365 -$24,217,163 Sources: District first interim report and FCMAT MYFP. Note: Totals may not add precisely due to minor rounding. These projections underscore the urgent need for the district to develop and implement a comprehensive fiscal stabilization plan. 14 Unrestricted General Fund Implications for Solvency While the preceding sections of this letter focus on the combined unrestricted and restricted general fund, it is important to note that restricted funds must be used for specific purposes and cannot be used to support general operations. Therefore, restricted fund balances are excluded from calculations related to district reserves and solvency. Solvency analysis is based solely on the unrestricted general fund. However, for fund balance purposes, cash is analyzed in total. At the time of the 2024-25 budget adoption, the district projected a beginning unrestricted general fund balance of $1,112,849, based on its 2023-24 estimated actuals. However, when the unaudited actual reports were published in September 2024, the prior year’s deficit spending had significantly exceeded projections. The resulting 2023-24 ending balance was -$1,224,738, which became the beginning balance for 2024-25. It is possible for a school district to maintain positive cash flow even with a negative fund balance in the general fund. However, if deficit spending continues and the negative balance grows, the school district’s cash position will eventually be affected. At 2024-25 first interim in December 2024, the district projected an increase in unrestricted deficit spend- ing of $4,498,441 beyond what was anticipated in the original budget. When combined with the negative beginning balance, this resulted in a projected ending unrestricted fund balance of -$5,723,180. The FCMAT MYFP projects further deterioration of the unrestricted general fund. It reflects additional unrestricted deficit spending of $6,198,088 and a resulting projected ending unrestricted fund balance of -$7,422,826 by the close of 2024-25, as shown in Figure 2 below. Unrestricted General Fund Balance, 2024-25 $2,000,000 $1,000,000 2024-25 Original Budget $1,112,849 $0 Unaudited Actuals -$1,000,000 -$1,224,738 -$2,000,000 -$3,000,000 -$4,000,000 -$5,000,000 First Interim Report -$5,723,180 -$6,000,000 FCMAT MYFP -$7,000,000 -$7,422,826 -$8,000,000 Figure 2. A column chart showing changes in the district’s unrestricted general fund balance across four financial benchmarks. The 2024-25 original budget projected a positive ending balance of $1.1 million. However, the unaudited actuals reflect a deficit of $1.2 million, which deepens to $5.7 million in the first interim report. FCMAT’s MYFP projects a continued decline, with a deficit of $7.4 million. Sources: District financial reports and FCMAT MYFP. 15 Rebuilding Fund Balance This MYFP includes board-approved reductions as of March 12, 2025. However, these reductions are insig- nificant relative to the severity of the district’s financial condition. The size of the ongoing structural deficit, coupled with the fund balance shortfall (which includes both the negative ending fund balance and the statutory reserve requirement for economic uncertainties), totals approximately $8.7 million at the end of the 2024-25 fiscal year alone. The district has not taken meaningful steps to address the deficit or to begin rebuilding its fund balance. Given the limited action taken by the board in March 2025, the projected combined ending fund balance for 2025-26 is expected to approach -$13 million. These figures will be a key consideration as the district and state determine the level of emergency appropriation that may be required. 16 Cash Flow As discussed in the previous section of this letter, a school district with a negative ending fund balance will ultimately face significant cash flow issues. Insolvency occurs when a school district has exhausted both its cash and borrowing capacity and can no longer meet its financial obligations — primarily employee payroll. Monitoring cash flow is particularly important for school districts, especially those classified as basic aid. These school districts receive the majority of their revenue in December and April through property tax payments. This revenue schedule creates a tremendous mismatch between cash inflows and the school district’s consistent monthly expenditures, such as payroll and operating costs. To manage this imbalance, many basic aid school districts rely on interfund borrowing or other short-term financing options. Borrowing for cash flow purposes is not considered insolvency; it is a timing issue that can be easily managed when done within legal parameters. California Education Code 42603 outlines the conditions for interfund borrowing. Specifically, the receiving fund may not borrow more than 75% of another fund’s cash balance, and the loan must be repaid within the same fiscal year (or in the following year under certain circumstances). The district exceeded the 75% borrowing limit in both Fund 17 (Special Reserve Fund for Other than Capital Outlay Projects), Fund 35 (County School Facilities Fund), and Fund 67 (Self-Insurance Fund), and is cur- rently unable to repay these interfund loans, further compounding its fiscal challenges. The district bor- rowed 99% of both Fund 17 and 35 and 85% of Fund 67. Cash Flow Analysis Several key elements of the district’s cash flow analysis are noteworthy: • During fall 2024, the district borrowed approximately $10.1 million from internal funds: • $4.8 million was borrowed from Fund 17, which may be permanently transferred to the general fund. (The district board may choose to reclassify this loan from a temporary interfund borrowing to a permanent interfund transfer. This action would be recorded as revenue in Fund 01 [General Fund] and as an expenditure in Fund 17.) While these transactions do not currently affect revenues, expenditures, or the ending fund bal- ance, making this transfer permanent would increase revenue and the ending fund balance in the general fund by $4.8 million. Conversely, Fund 17 would see a $4.8 million increase in expenditures and a corresponding decrease in its fund balance. • The remaining $5.3 million — $4.9 million from Fund 35 and $400,000 from Fund 67 — must be repaid. • With a projected ending cash balance of $2,326,374 as of June 30, 2025, the district lacks sufficient cash resources to repay the $5.5 million obligation. • If the board chooses to treat the $4.8 million as a borrowing transaction from Fund 17 with- out reclassifying it as a permanent transfer, the total amount that must be repaid is $10.1 million. 17 Forecasting Cash FCMAT’s cash flow projection for 2025-26 estimates a beginning cash balance of $2,326,374 on July 1, 2025. By the end of July 2025, the district’s cash balance is projected to decline to $1,268,178. In August, net cash flows are estimated at -$3,016,157, resulting in a negative cash balance of approximately $1,747,979. At that point, the district will be unable to meet its financial obligations, including month end payroll. The lowest projected cash balance occurs in November 2025, with a shortfall exceeding $10 million. Figure 3 below shows the district’s projected monthly ending cash balances for the 2025-26 fiscal year. District Projected Ending Cash Balances by Month, 2025-26 $2,000,000 $1,2 J 6 u 8 l ,178 $33 D 5 e , c 488 $1,18 A 9 p , r 276 $0 Aug May -$1,747,979 Jan -$1,848,688 -$2,000,000 -$2,118,331 Sept -$4,000,000 -$4,206,900 Feb Jun -$5,129,523 -$5,175,078 -$6,000,000 Oct -$7,406,090 -$8,000,000 Mar -$8,567,579 -$10,000,000 Nov -$10,632,289 -$12,000,000 Figure 3. A column chart showing the district’s projected ending monthly cash balances for the 2025-26 fiscal year. The chart illustrates a steady decline beginning in August 2025, with the district projected to fall into negative cash by that month. The lowest cash balance is projected in November 2025 at -$10.6 million, before recovering slightly in December and again in April with property tax receipts. Source: FCMAT MYFP. Note: Totals may not add precisely due to minor rounding. These projections are based on the best information available at the time of this letter. If the district reduces spending by the end of the 2024-25 fiscal year, it may preserve additional cash, potentially delaying insolvency until September 2025. Conversely, if actual expenditures exceed the assumptions in FCMAT’s MYFP, the district could become cash insolvent in July 2025. As the district considers a request for an advance emergency appropriation, it will be essential to evaluate not only the immediate costs associated with insolvency — such as loan carrying costs, the expense of the comprehensive assessment, and the appointment of an administrator — but also the realistic timeframe in which the district can reduce its deficit spending and begin rebuilding its cash position and fund balance. 18 Appendices Appendix A — District Summary MYFP Appendix B — District Cash Flow (Two Years) Appendix C — Study Agreement 19 Appendices Appendix A — District Summary MYFP Appendix A — District Summary MYFP FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:51:22 AM Plumas Unified Multiyear Projection Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Combined 2024-25 % Change % Change Projected Year (Cols. C- 2025-26 (Cols. E- 2026-27 Object Totals A/A) Projection C/C) Projection Description Codes (A) (B) (C) (D) (E) A.REVENUES AND OTHER FINANCING SOURCES 1.LCFF/Revenue Limit Sources 8010-8099 23,709,518.00 3.52% 24,543,902.00 3.44% 25,389,241.00 2.Federal Revenues 8100-8299 3,936,450.28 -9.38% 3,567,308.43 0.00% 3,567,308.43 3.Other State Revenues 8300-8599 4,779,418.46 0.22% 4,790,030.20 2.03% 4,887,294.79 4.Other Local Revenues 8600-8799 2,584,535.93 -50.90% 1,269,091.73 -0.29% 1,265,447.16 5.Other Financing Sources a.Transfers In 8900-8929 0.00 0.00% 0.00 0.00% 0.00 b.Other Sources 8930-8979 450,018.00 -100.00% 0.00 0.00% 0.00 c.Contributions 8980-8999 0.00 0.00% 0.00 0.00% 0.00 6.Total(Sum lines A1 thru A5) 35,459,940.67 -3.64% 34,170,332.36 2.75% 35,109,291.38 B.EXPENDITURES AND OTHER FINANCING USES 1.Certificated Salaries a.Base Salaries 12,574,975.35 - - - 12,574,975.35 - - - 12,459,265.69 b.Step & Column Adjustment - - - - - - 244,999.34 - - - 249,185.33 c.Cost-of-Living Adjustment - - - - - - 0.00 - - - 0.00 d.Other Adjustment - - - - - - (360,709.00) - - - (48,338.69) e.Total Certificated Salaries 1000-1999 12,574,975.35 -0.92% 12,459,265.69 1.61% 12,660,112.33 (Sum lines B1a thru B1d) 2.Classified Salaries (for charter schools Noncertificated Salaries) a.Base Salaries 7,264,227.17 - - - 7,264,227.17 - - - 6,838,428.87 b.Step & Column Adjustment - - - - - - 134,273.85 - - - 136,768.58 c.Cost-of-Living Adjustment - - - - - - 0.00 - - - 0.00 d.Other Adjustment - - - - - - (560,072.15) - - - (2,038.52) e.Total 2000-2999 7,264,227.17 -5.86% 6,838,428.87 1.97% 6,973,158.93 Classified/Noncertificated Salaries (Sum lines B2a thru B2d) 3.Employee Benefits 3000-3999 10,263,212.68 -1.72% 10,086,571.63 1.18% 10,205,250.72 4.Books and Supplies 4000-4999 2,800,518.09 1.51% 2,842,697.48 2.31% 2,908,326.72 5.Services and Other Operating 5000-5999 6,954,902.60 1.53% 7,061,596.82 0.80% 7,118,079.30 Expenditures 6.Capital Outlay 6000-6999 2,706,042.85 -18.03% 2,218,117.25 0.00% 2,218,117.25 7.Other Outgo (excluding 7100-7299, 948,714.27 0.00% 948,714.27 0.00% 948,714.27 Transfers of Indirect Costs) 7400-7499 8.Other Outgo - Transfers of 7300-7399 (25,934.39) 39.42% (36,157.83) 47.52% (53,339.85) Indirect Costs 9.Other Financing Uses a.Transfers Out 7600-7629 0.00 0.00% 0.00 0.00% 0.00 b.Other Uses 7630-7699 0.00 0.00% 0.00 0.00% 0.00 10.Other Adjustments - - - - - - 0.00 - - - 0.00 11.Total (Sum lines B1-B10) 43,486,658.62 -2.45% 42,419,234.18 1.32% 42,978,419.67 https://projection-pro.fcmat.org/projections/24756/reports 20 Appendices Appendix A — District Summary MYFP FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:51:22 AM Plumas Unified Multiyear Projection Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Combined 2024-25 % Change % Change Projected Year (Cols. C- 2025-26 (Cols. E- 2026-27 Object Totals A/A) Projection C/C) Projection Description Codes (A) (B) (C) (D) (E) C.NET INCREASE (DECREASE) (8,026,717.95) - - - (8,248,901.82) - - - (7,869,128.29) IN FUND BALANCE (line A6 minus line B11) D.FUND BALANCE 1.Beginning Fund Balance 9791-9795 3,299,572.25 -243.27% (4,727,145.70) 174.50% (12,976,047.52) 2.Ending Fund Balance (4,727,145.70) - - - (12,976,047.52) - - - (20,845,175.81) 3.Components of Ending Fund Balance a.Nonspendable 9710-9719 0.00 0.00% 0.00 0.00% 0.00 b.Restricted 9740 2,695,680.54 -31.97% 1,833,740.38 13.57% 2,082,634.12 c.Committed 1.Stabilization Arrangements 9750 0.00 0.00% 0.00 0.00% 0.00 2.Other Commitments 9760 0.00 0.00% 0.00 0.00% 0.00 d.Assigned 1.Other Assignments 9780 0.00 0.00% 0.00 0.00% 0.00 e.Unassigned/Unappropriated 1.Reserve for Economic 9789 0.00 0.00% 0.00 0.00% 0.00 Uncertainties 2. 9790 (7,422,826.24) 99.52% (14,809,787.90) 54.82% (22,927,809.93) Unassigned/Unappropriated E.AVAILABLE RESERVES 1.From Components of Ending Fund Balance a.Stabilization Arrangements 9750 0.00 - - - 0.00 - - - 0.00 b.Reserve for Economic 9789 0.00 - - - 0.00 - - - 0.00 Uncertainty c.Unassigned/Unappropriated 9790 (7,422,826.24) - - - (14,809,787.90) - - - (22,927,809.93) d.Negative Restricted Ending 979Z 0.00 - - - 0.00 - - - 0.00 Balances (negative resources 2000-9999) 2.Special Reserve Fund - Noncapital Outlay (Fund 17) a.Stabilization Arrangements 9750 0.00 - - - 0.00 - - - 0.00 b.Reserve for Economic 9789 0.00 - - - 0.00 - - - 0.00 Uncertainty c.Unassigned/Unappropriated 9790 0.00 - - - 0.00 - - - 0.00 3.Total Available Reserves - by (7,422,826.24) - - - (14,809,787.90) - - - (22,927,809.93) Amount 4.Total Available Reserves - by -17.07% - - - -34.91% - - - -53.35% Percent F.RECOMMENDED RESERVES 1.Calculating the Reserves a. Expenditures and Other 43,486,658.62 - - - 42,419,234.18 - - - 42,978,419.67 Financing Uses (Line B11) https://projection-pro.fcmat.org/projections/24756/reports 21 Appendices Appendix A — District Summary MYFP FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:51:22 AM Plumas Unified Multiyear Projection Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Combined 2024-25 % Change % Change Projected Year (Cols. C- 2025-26 (Cols. E- 2026-27 Object Totals A/A) Projection C/C) Projection Description Codes (A) (B) (C) (D) (E) b.Plus: Special Education 0.00 - - - 0.00 - - - 0.00 Pass-through Funds c.Total Expendiutres and Other 43,486,658.62 - - - 42,419,234.18 - - - 42,978,419.67 Financing Uses (Line F1a plus line F1b) d.Reserve Standard 3.00% - - - 3.00% - - - 3.00% Percentage Level e. Reserve Standard - By 1,304,599.76 - - - 1,272,577.03 - - - 1,289,352.59 Percent (Line F1c times F1d) f. Reserve Standard - By 0.00 - - - 0.00 - - - 0.00 Amount g.Reserve Standard (Greater of 1,304,599.76 - - - 1,272,577.03 - - - 1,289,352.59 F1e or F1f) h.Available Reserves (Line E3) NOT MET - - - NOT MET - - - NOT MET Meet Reserve Standard (Line F1g) https://projection-pro.fcmat.org/projections/24756/reports 22 Appendices Appendix A — District Summary MYFP FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:51:22 AM Plumas Unified Multiyear Projection Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Unrestricted 2024-25 % Change % Change Projected Year (Cols. C- 2025-26 (Cols. E- 2026-27 Object Totals A/A) Projection C/C) Projection Description Codes (A) (B) (C) (D) (E) A.REVENUES AND OTHER FINANCING SOURCES 1.LCFF/Revenue Limit Sources 8010-8099 23,709,518.00 3.52% 24,543,902.00 3.44% 25,389,241.00 2.Federal Revenues 8100-8299 946,000.00 0.00% 946,000.00 0.00% 946,000.00 3.Other State Revenues 8300-8599 392,014.39 -8.88% 357,195.92 -10.04% 321,340.69 4.Other Local Revenues 8600-8799 2,557,535.93 -51.43% 1,242,091.73 -0.29% 1,238,447.16 5.Other Financing Sources a.Transfers In 8900-8929 0.00 0.00% 0.00 0.00% 0.00 b.Other Sources 8930-8979 450,018.00 -100.00% 0.00 0.00% 0.00 c.Contributions 8980-8999 (7,333,486.71) 11.26% (8,159,475.71) 12.82% (9,205,331.89) 6.Total(Sum lines A1 thru A5) 20,721,599.61 -8.65% 18,929,713.94 -1.27% 18,689,696.96 B.EXPENDITURES AND OTHER FINANCING USES 1.Certificated Salaries a.Base Salaries 9,236,170.29 - - - 9,236,170.29 - - - 9,108,326.93 b.Step & Column Adjustment - - - - - - 178,594.64 - - - 182,166.55 c.Cost-of-Living Adjustment - - - - - - 0.00 - - - 0.00 d.Other Adjustment - - - - - - (306,438.00) - - - 0.00 e.Total Certificated Salaries 1000-1999 9,236,170.29 -1.38% 9,108,326.93 2.00% 9,290,493.48 (Sum lines B1a thru B1d) 2.Classified Salaries (for charter schools Noncertificated Salaries) a.Base Salaries 3,355,348.67 - - - 3,355,348.67 - - - 3,237,626.55 b.Step & Column Adjustment - - - - - - 63,482.88 - - - 64,752.54 c.Cost-of-Living Adjustment - - - - - - 0.00 - - - 0.00 d.Other Adjustment - - - - - - (181,205.00) - - - 0.00 e.Total 2000-2999 3,355,348.67 -3.51% 3,237,626.55 2.00% 3,302,379.09 Classified/Noncertificated Salaries (Sum lines B2a thru B2d) 3.Employee Benefits 3000-3999 6,542,965.22 -1.09% 6,471,814.31 1.25% 6,552,605.69 4.Books and Supplies 4000-4999 1,000,468.81 2.92% 1,029,682.50 2.70% 1,057,483.93 5.Services and Other Operating 5000-5999 4,820,714.60 2.95% 4,963,130.83 2.73% 5,098,662.32 Expenditures 6.Capital Outlay 6000-6999 1,763,976.38 -25.96% 1,306,050.78 0.00% 1,306,050.78 7.Other Outgo (excluding 7100-7299, 948,714.27 0.00% 948,714.27 0.00% 948,714.27 Transfers of Indirect Costs) 7400-7499 8.Other Outgo - Transfers of 7300-7399 (748,670.57) 0.00% (748,670.57) 0.00% (748,670.57) Indirect Costs 9.Other Financing Uses a.Transfers Out 7600-7629 0.00 0.00% 0.00 0.00% 0.00 b.Other Uses 7630-7699 0.00 0.00% 0.00 0.00% 0.00 10.Other Adjustments - - - - - - 0.00 - - - 0.00 11.Total (Sum lines B1-B10) 26,919,687.67 -2.24% 26,316,675.60 1.87% 26,807,718.99 https://projection-pro.fcmat.org/projections/24756/reports 23 Appendices Appendix A — District Summary MYFP FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:51:22 AM Plumas Unified Multiyear Projection Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Unrestricted 2024-25 % Change % Change Projected Year (Cols. C- 2025-26 (Cols. E- 2026-27 Object Totals A/A) Projection C/C) Projection Description Codes (A) (B) (C) (D) (E) C.NET INCREASE (DECREASE) (6,198,088.06) - - - (7,386,961.66) - - - (8,118,022.03) IN FUND BALANCE (line A6 minus line B11) D.FUND BALANCE 1.Beginning Fund Balance 9791-9795 (1,224,738.18) 506.07% (7,422,826.24) 99.52% (14,809,787.90) 2.Ending Fund Balance (7,422,826.24) - - - (14,809,787.90) - - - (22,927,809.93) 3.Components of Ending Fund Balance a.Nonspendable 9710-9719 0.00 0.00% 0.00 0.00% 0.00 b.Restricted 9740 0.00 0.00% 0.00 0.00% 0.00 c.Committed 1.Stabilization Arrangements 9750 0.00 0.00% 0.00 0.00% 0.00 2.Other Commitments 9760 0.00 0.00% 0.00 0.00% 0.00 d.Assigned 1.Other Assignments 9780 0.00 0.00% 0.00 0.00% 0.00 e.Unassigned/Unappropriated 1. Reserve for Economic 9789 0.00 0.00% 0.00 0.00% 0.00 Uncertainties 2. 9790 (7,422,826.24) 99.52% (14,809,787.90) 54.82% (22,927,809.93) Unassigned/Unappropriated E.AVAILABLE RESERVES 1.From Components of Ending Fund Balance a.Stabilization Arrangements 9750 0.00 - - - 0.00 - - - 0.00 b.Reserve for Economic 9789 0.00 - - - 0.00 - - - 0.00 Uncertainty c.Unassigned/Unappropriated 9790 (7,422,826.24) - - - (14,809,787.90) - - - (22,927,809.93) d.Negative Restricted Ending 979Z 0.00 - - - 0.00 - - - 0.00 Balances (negative resources 2000-9999) 2.Special Reserve Fund - Noncapital Outlay (Fund 17) a.Stabilization Arrangements 9750 0.00 - - - 0.00 - - - 0.00 b.Reserve for Economic 9789 0.00 - - - 0.00 - - - 0.00 Uncertainty c.Unassigned/Unappropriated 9790 0.00 - - - 0.00 - - - 0.00 3.Total Available Reserves - by (7,422,826.24) - - - (14,809,787.90) - - - (22,927,809.93) Amount https://projection-pro.fcmat.org/projections/24756/reports 24 Appendices Appendix A — District Summary MYFP FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:51:22 AM Plumas Unified Multiyear Projection Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Restricted 2024-25 % Change % Change Projected Year (Cols. C- 2025-26 (Cols. E- 2026-27 Object Totals A/A) Projection C/C) Projection Description Codes (A) (B) (C) (D) (E) A.REVENUES AND OTHER FINANCING SOURCES 1.LCFF/Revenue Limit Sources 8010-8099 0.00 0.00% 0.00 0.00% 0.00 2.Federal Revenues 8100-8299 2,990,450.28 -12.34% 2,621,308.43 0.00% 2,621,308.43 3.Other State Revenues 8300-8599 4,387,404.07 1.04% 4,432,834.28 3.00% 4,565,954.10 4.Other Local Revenues 8600-8799 27,000.00 0.00% 27,000.00 0.00% 27,000.00 5.Other Financing Sources a.Transfers In 8900-8929 0.00 0.00% 0.00 0.00% 0.00 b.Other Sources 8930-8979 0.00 0.00% 0.00 0.00% 0.00 c.Contributions 8980-8999 7,333,486.71 11.26% 8,159,475.71 12.82% 9,205,331.89 6.Total(Sum lines A1 thru A5) 14,738,341.06 3.41% 15,240,618.42 7.74% 16,419,594.42 B.EXPENDITURES AND OTHER FINANCING USES 1.Certificated Salaries a.Base Salaries 3,338,805.06 - - - 3,338,805.06 - - - 3,350,938.76 b.Step & Column Adjustment - - - - - - 66,404.70 - - - 67,018.78 c.Cost-of-Living Adjustment - - - - - - 0.00 - - - 0.00 d.Other Adjustment - - - - - - (54,271.00) - - - (48,338.69) e.Total Certificated Salaries 1000-1999 3,338,805.06 0.36% 3,350,938.76 0.56% 3,369,618.85 (Sum lines B1a thru B1d) 2.Classified Salaries (for charter schools Noncertificated Salaries) a.Base Salaries 3,908,878.50 - - - 3,908,878.50 - - - 3,600,802.32 b.Step & Column Adjustment - - - - - - 70,790.97 - - - 72,016.04 c.Cost-of-Living Adjustment - - - - - - 0.00 - - - 0.00 d.Other Adjustment - - - - - - (378,867.15) - - - (2,038.52) e.Total 2000-2999 3,908,878.50 -7.88% 3,600,802.32 1.94% 3,670,779.84 Classified/Noncertificated Salaries (Sum lines B2a thru B2d) 3.Employee Benefits 3000-3999 3,720,247.46 -2.84% 3,614,757.32 1.05% 3,652,645.03 4.Books and Supplies 4000-4999 1,800,049.28 0.72% 1,813,014.98 2.09% 1,850,842.79 5.Services and Other Operating 5000-5999 2,134,188.00 -1.67% 2,098,465.99 -3.77% 2,019,416.98 Expenditures 6.Capital Outlay 6000-6999 942,066.47 -3.18% 912,066.47 0.00% 912,066.47 7.Other Outgo (excluding 7100-7299, 0.00 0.00% 0.00 0.00% 0.00 Transfers of Indirect Costs) 7400-7499 8.Other Outgo - Transfers of 7300-7399 722,736.18 -1.41% 712,512.74 -2.41% 695,330.72 Indirect Costs 9.Other Financing Uses a.Transfers Out 7600-7629 0.00 0.00% 0.00 0.00% 0.00 b.Other Uses 7630-7699 0.00 0.00% 0.00 0.00% 0.00 10.Other Adjustments - - - - - - 0.00 - - - 0.00 11.Total (Sum lines B1-B10) 16,566,970.95 -2.80% 16,102,558.58 0.42% 16,170,700.68 https://projection-pro.fcmat.org/projections/24756/reports 25 Appendices Appendix A — District Summary MYFP FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:51:22 AM Plumas Unified Multiyear Projection Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Restricted 2024-25 % Change % Change Projected Year (Cols. C- 2025-26 (Cols. E- 2026-27 Object Totals A/A) Projection C/C) Projection Description Codes (A) (B) (C) (D) (E) C.NET INCREASE (DECREASE) (1,828,629.89) - - - (861,940.16) - - - 248,893.74 IN FUND BALANCE (line A6 minus line B11) D.FUND BALANCE 1.Beginning Fund Balance 9791-9795 4,524,310.43 -40.42% 2,695,680.54 -31.97% 1,833,740.38 2.Ending Fund Balance 2,695,680.54 - - - 1,833,740.38 - - - 2,082,634.12 3.Components of Ending Fund Balance a.Nonspendable 9710-9719 0.00 0.00% 0.00 0.00% 0.00 b.Restricted 9740 2,695,680.54 -31.97% 1,833,740.38 13.57% 2,082,634.12 c.Committed 1.Stabilization Arrangements 9750 0.00 0.00% 0.00 0.00% 0.00 2.Other Commitments 9760 0.00 0.00% 0.00 0.00% 0.00 d.Assigned 1.Other Assignments 9780 0.00 0.00% 0.00 0.00% 0.00 e.Unassigned/Unappropriated 1. Reserve for Economic 9789 0.00 0.00% 0.00 0.00% 0.00 Uncertainties 2. 9790 0.00 0.00% 0.00 0.00% 0.00 Unassigned/Unappropriated E.AVAILABLE RESERVES 1.From Components of Ending - - - - - - - - - - - - - - - Fund Balance a.Stabilization Arrangements 9750 - - - - - - - - - - - - - - - b.Reserve for Economic 9789 - - - - - - - - - - - - - - - Uncertainty c.Unassigned/Unappropriated 9790 - - - - - - - - - - - - - - - d.Negative Restricted Ending 979Z - - - - - - - - - - - - - - - Balances (negative resources 2000-9999) 2.Special Reserve Fund - - - - - - - - - - - - - - - - Noncapital Outlay (Fund 17) a.Stabilization Arrangements 9750 - - - - - - - - - - - - - - - b.Reserve for Economic 9789 - - - - - - - - - - - - - - - Uncertainty c.Unassigned/Unappropriated 9790 - - - - - - - - - - - - - - - 3.Total Available Reserves - by - - - - - - - - - - - - - - - Amount 4.Total Available Reserves - by - - - - - - - - - - - - - - - Percent https://projection-pro.fcmat.org/projections/24756/reports 26 Appendices Appendix B — District Cash Flow (Two Years) Appendix B — District Cash Flow (Two Years) FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:52:36 AM Plumas Unified Cashflow Report Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Base Year 2024-25; Actuals Through the Month of February Object Budget/Beg. 2024 2025 Range Balance July August September October November December January Feburary A. BEGINNING CASH 3,979,854.00 3,979,854.00 2,057,823.36 (1,050,166.33) 4,844,808.64 1,613,606.28 32,830.29 11,160,739.67 9,555,461.36 B. RECEIPTS LCFF Sources Principal Apportionment 8010-8019 1,699,776.00 192,191.00 384,384.00 465,572.00 — 192,191.00 — 81,187.00 76,876.00 Property Taxes 8020-8079 25,747,999.00 — — — — — 13,245,112.98 665,998.80 — Miscellaneous Funds & LCFF Transfers 8080-8099 (3,738,257.00) — — — — (1,251,123.00) — (588,764.00) (294,382.00) Federal Revenue 8100-8299 3,936,450.28 452,587.29 — 99,941.12 82,035.82 31,704.70 297,485.69 706,798.61 128,073.84 Other State Revenue 8300-8599 4,779,418.46 1,084,604.14 940,545.00 850,546.00 22,554.98 486,243.81 388,349.62 153,362.51 237,574.59 Other Local Revenue 8600-8799 2,584,535.93 132,035.32 41,767.41 82,627.89 128,610.72 78,244.83 67,786.50 1,227,177.26 23,788.27 Interfund Transfers in 8910-8929 0.00 — — — — — — — — All Other Financing Sources 8930-8999 450,018.00 — — — — — — — — TOTAL RECEIPTS 35,459,940.67 1,861,417.75 1,366,696.41 1,498,687.01 233,201.52 (462,738.66) 13,998,734.79 2,245,760.18 171,930.70 C. DISBURSEMENTS Certificated Salaries 1000-1999 12,574,975.35 155,697.14 1,129,947.18 1,130,382.59 1,094,968.59 1,116,153.25 1,128,737.91 1,094,178.49 1,122,030.41 Classified Salaries 2000-2999 7,264,227.17 188,324.84 695,399.73 610,919.82 615,430.14 622,033.66 639,012.32 593,069.48 589,796.35 Employee Benefits 3000-3999 10,263,212.68 463,259.06 862,332.42 749,443.55 749,167.31 764,326.21 774,137.73 758,443.21 768,390.78 Books and Supplies 4000-4999 2,800,518.09 59,759.49 212,360.95 332,458.67 252,402.35 170,064.66 200,670.07 200,303.02 130,015.51 Services 5000-5999 6,954,902.60 831,846.23 367,232.09 498,431.62 415,857.48 436,517.83 292,104.88 533,030.21 316,679.52 Capital Outlay 6000-6999 2,706,042.85 — 103,593.70 169,568.09 149,995.73 177,409.14 112,729.75 295,391.42 94,154.95 Other Outgo 7000-7499 922,779.88 208,789.05 119,071.36 1,542.05 57,622.05 — 153,863.10 175,539.25 1,619.15 Interfund Transfers Out 7600-7629 0.00 — — — — — — — — All Other Financing Uses 7630-7699 0.00 — — — — — — — — TOTAL DISBURSEMENTS 43,486,658.62 1,907,675.81 3,489,937.43 3,492,746.39 3,335,443.65 3,286,504.75 3,301,255.76 3,649,955.08 3,022,686.67 E. NET INCREASE/DECREASE (B - C + D) (8,026,717.95) (1,922,030.64) (3,107,989.69) 5,894,974.97 (3,231,202.36) (1,580,775.99) 11,127,909.38 (1,605,278.31) (3,281,313.51) F. ENDING CASH (A + E) 2,057,823.36 (1,050,166.33) 4,844,808.64 1,613,606.28 32,830.29 11,160,739.67 9,555,461.36 6,274,147.85 G. ENDING CASH, PLUS CASH ACCRUALS AND ADJUSTMENTS 27 https://projection-pro.fcmat.org/projections/24756/reports Appendices Appendix B — District Cash Flow (Two Years) FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:52:36 AM Plumas Unified Cashflow Report Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Base Year 2024-25; Actuals Through the Month of February Object Budget/Beg. 2025 Range Balance March April May June Accruals Adjustments TOTAL Variance A. BEGINNING CASH 3,979,854.00 6,274,147.85 2,228,373.47 10,289,439.03 6,468,971.00 — — — — B. RECEIPTS LCFF Sources Principal Apportionment 8010-8019 1,699,776.00 78,050.50 — — 229,324.50 — — 1,699,776.00 — Property Taxes 8020-8079 25,747,999.00 — 11,836,887.22 — — — — 25,747,999.00 — Miscellaneous Funds & LCFF Transfers 8080-8099 (3,738,257.00) (557,275.99) (261,677.89) (261,677.89) (261,678.04) (261,678.20) — (3,738,257.00) 0.00 Federal Revenue 8100-8299 3,936,450.28 50,000.00 500,000.00 269,800.00 198,393.78 1,119,629.43 — 3,936,450.28 — Other State Revenue 8300-8599 4,779,418.46 105,072.60 150,000.00 175,443.45 185,121.76 — — 4,779,418.46 0.00 Other Local Revenue 8600-8799 2,584,535.93 150,000.00 250,000.00 150,000.00 202,497.73 50,000.00 — 2,584,535.93 — Interfund Transfers in 8910-8929 0.00 — — — — — — — — All Other Financing Sources 8930-8999 450,018.00 — — — 450,018.00 — — 450,018.00 — TOTAL RECEIPTS 35,459,940.67 (174,152.89) 12,475,209.33 333,565.56 1,003,677.73 907,951.23 — 35,459,940.67 0.00 C. DISBURSEMENTS Certificated Salaries 1000-1999 12,574,975.35 1,137,798.32 1,122,030.00 1,180,000.00 1,163,051.47 — — 12,574,975.35 — Classified Salaries 2000-2999 7,264,227.17 610,000.00 687,379.90 624,033.60 788,827.33 — — 7,264,227.17 — Employee Benefits 3000-3999 10,263,212.68 800,000.00 800,000.00 800,000.00 1,973,712.41 — — 10,263,212.68 — Books and Supplies 4000-4999 2,800,518.09 300,000.00 400,000.00 350,000.00 192,483.37 — — 2,800,518.09 — Services 5000-5999 6,954,902.60 525,000.00 1,000,000.00 800,000.00 525,000.00 413,202.74 — 6,954,902.60 — Capital Outlay 6000-6999 2,706,042.85 500,000.00 300,000.00 300,000.00 503,200.07 — — 2,706,042.85 — Other Outgo 7000-7499 922,779.88 — 104,733.87 100,000.00 — — — 922,779.88 — Interfund Transfers Out 7600-7629 0.00 — — — — — — — — All Other Financing Uses 7630-7699 0.00 — — — — — — — — TOTAL DISBURSEMENTS 43,486,658.62 3,872,798.32 4,414,143.77 4,154,033.60 5,146,274.65 413,202.74 — 43,486,658.62 — E. NET INCREASE/DECREASE (B - C + D) (8,026,717.95) (4,045,774.38) 8,061,065.56 (3,820,468.04) (4,142,596.92) 494,748.49 — (1,158,731.43) F. ENDING CASH (A + E) 2,228,373.47 10,289,439.03 6,468,971.00 2,326,374.08 — — — G. ENDING CASH, PLUS CASH ACCRUALS 2,821,122.57 AND ADJUSTMENTS https://projection-pro.fcmat.org/projections/24756/reports 28 Appendices Appendix B — District Cash Flow (Two Years) FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:52:36 AM Plumas Unified Cashflow Report Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Base Year 2024-25; Actuals Through the Month of February Object Budget/Beg. 2024 2025 Range Balance July August September October November December January Feburary D. BALANCE SHEET ITEMS Assets and Deferred Outflows Cash Not in Treasury 9111-9199 0.00 (144.83) — (3,990.00) (1,727.26) (365.65) (451.00) (475.00) — Accounts Receivable 9200-9299 0.00 458,752.39 170,331.91 268,152.57 210,517.43 25,217.28 493,836.14 1,376,079.25 — Due From Other Funds 9310 0.00 — (249.91) (125.29) (127.97) (124.62) (250.58) (130.20) — Stores 9320 0.00 2,015.75 5,447.80 7,112.05 (5,569.99) (27,349.70) (831.13) (3,122.41) 1,823.67 Prepaid Expenditures 9330 0.00 525,328.11 — — — — — — — Other Current Assets 9340 0.00 — — — — — — — — Deferred Outflows of Resources 9490 0.00 — — — — — — — — SUBTOTAL 0.00 985,951.42 175,529.80 271,149.33 203,092.21 (2,622.69) 492,303.43 1,372,351.64 1,823.67 Liabilities and Deferred Inflows Accounts Payable 9500-9599 0.00 1,804,126.55 1,160,278.47 382,114.98 332,052.44 (72,791.69) 61,873.08 1,283,340.71 432,381.21 Due To Other Funds 9610 0.00 — — (8,000,000.00) — (2,098,298.42) — — — Current Loans 9640 0.00 — — — — — — — — Unearned Revenues 9650 0.00 1,057,597.45 — — — — — — — Deferred Inflows of Resources 9690 0.00 — — — — — — 290,094.34 — SUBTOTAL 0.00 2,861,724.00 1,160,278.47 (7,617,885.02) 332,052.44 (2,171,090.11) 61,873.08 1,573,435.05 432,381.21 Nonoperating Suspense Clearing 9910 0.00 — — — — — — — — TOTAL BALANCE SHEET ITEMS 0.00 (1,875,772.58) (984,748.67) 7,889,034.35 (128,960.23) 2,168,467.42 430,430.35 (201,083.41) (430,557.54) E. NET INCREASE/DECREASE (B - C + D) (8,026,717.95) (1,922,030.64) (3,107,989.69) 5,894,974.97 (3,231,202.36) (1,580,775.99) 11,127,909.38 (1,605,278.31) (3,281,313.51) F. ENDING CASH (A + E) 2,057,823.36 (1,050,166.33) 4,844,808.64 1,613,606.28 32,830.29 11,160,739.67 9,555,461.36 6,274,147.85 G. ENDING CASH, PLUS CASH ACCRUALS AND ADJUSTMENTS https://projection-pro.fcmat.org/projections/24756/reports 29 Appendices Appendix B — District Cash Flow (Two Years) FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:52:36 AM Plumas Unified Cashflow Report Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Base Year 2024-25; Actuals Through the Month of February Object Budget/Beg. 2025 Range Balance March April May June Accruals Adjustments TOTAL Variance D. BALANCE SHEET ITEMS Assets and Deferred Outflows Cash Not in Treasury 9111-9199 0.00 — — — — — — (7,153.74) Accounts Receivable 9200-9299 0.00 — — — — — — 3,002,886.97 Due From Other Funds 9310 0.00 — — — — — — (1,008.57) Stores 9320 0.00 1,176.83 — — — — — (19,297.13) Prepaid Expenditures 9330 0.00 — — — — — — 525,328.11 Other Current Assets 9340 0.00 — — — — — — — Deferred Outflows of Resources 9490 0.00 — — — — — — — SUBTOTAL 0.00 1,176.83 — — — — — 3,500,755.64 Liabilities and Deferred Inflows Accounts Payable 9500-9599 0.00 — — — — — — 5,383,375.75 Due To Other Funds 9610 0.00 — — — — — — (10,098,298.42) Current Loans 9640 0.00 — — — — — — — Unearned Revenues 9650 0.00 — — — — — — 1,057,597.45 Deferred Inflows of Resources 9690 0.00 — — — — — — 290,094.34 SUBTOTAL 0.00 — — — — — — (3,367,230.88) Nonoperating Suspense Clearing 9910 0.00 — — — — — — — TOTAL BALANCE SHEET ITEMS 0.00 1,176.83 — — — — — 6,867,986.52 E. NET INCREASE/DECREASE (B - C + D) (8,026,717.95) (4,045,774.38) 8,061,065.56 (3,820,468.04) (4,142,596.92) 494,748.49 — (1,158,731.43) F. ENDING CASH (A + E) 2,228,373.47 10,289,439.03 6,468,971.00 2,326,374.08 — — — G. ENDING CASH, PLUS CASH ACCRUALS 2,821,122.57 AND ADJUSTMENTS https://projection-pro.fcmat.org/projections/24756/reports 30 Appendices Appendix B — District Cash Flow (Two Years) FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:52:36 AM Plumas Unified Cashflow Report Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Year 2 2025-26 Object Budget/Beg. 2025 2026 Range Balance July August September October November December January Feburary A. BEGINNING CASH 2,326,374.08 2,326,374.08 1,268,178.36 (1,747,978.74) (4,206,900.12) (7,406,090.41) (10,632,289.19) 335,487.83 (2,118,331.49) B. RECEIPTS LCFF Sources Principal Apportionment 8010-8019 1,688,544.00 208,401.90 416,803.80 491,603.30 208,401.90 — 74,799.50 83,360.76 — Property Taxes 8020-8079 26,697,123.00 — — — — — 13,348,561.50 — — Miscellaneous Funds & LCFF Transfers 8080-8099 (3,841,765.00) — (230,505.90) (461,011.80) (307,341.20) (307,341.20) (307,341.20) (307,341.20) (307,341.20) Federal Revenue 8100-8299 3,567,308.43 452,587.29 — 99,941.12 82,035.82 31,704.70 297,485.69 706,798.61 128,073.59 Other State Revenue 8300-8599 4,790,030.20 1,084,604.14 940,545.00 850,546.00 22,554.98 489,437.72 389,271.53 153,362.51 237,574.59 Other Local Revenue 8600-8799 1,269,091.73 150,000.00 50,000.00 90,000.00 150,000.00 75,000.00 65,000.00 100,000.00 100,000.00 Interfund Transfers in 8910-8929 0.00 — — — — — — — — All Other Financing Sources 8930-8999 0.00 — — — — — — — — TOTAL RECEIPTS 34,170,332.36 1,895,593.33 1,176,842.90 1,071,078.62 155,651.50 288,801.22 13,867,777.02 736,180.68 158,306.98 C. DISBURSEMENTS Certificated Salaries 1000-1999 12,459,265.69 150,000.00 1,130,000.00 1,100,000.00 1,100,000.00 1,100,000.00 1,100,000.00 1,100,000.00 1,100,000.00 Classified Salaries 2000-2999 6,838,428.87 189,000.00 580,000.00 580,000.00 580,000.00 580,000.00 580,000.00 580,000.00 609,498.62 Employee Benefits 3000-3999 10,086,571.63 465,000.00 865,000.00 750,000.00 750,000.00 760,000.00 760,000.00 760,000.00 760,000.00 Books and Supplies 4000-4999 2,842,697.48 60,000.00 200,000.00 350,000.00 200,000.00 300,000.00 200,000.00 250,000.00 250,000.00 Services 5000-5999 7,061,596.82 831,000.00 365,000.00 500,000.00 500,000.00 450,000.00 500,000.00 400,000.00 350,000.00 Capital Outlay 6000-6999 2,218,117.25 — 103,000.00 100,000.00 42,074.40 300,000.00 100,000.00 100,000.00 100,000.00 Other Outgo 7000-7499 912,556.44 208,789.05 120,000.00 50,000.00 82,767.39 50,000.00 50,000.00 — — Interfund Transfers Out 7600-7629 0.00 — — — — — — — — All Other Financing Uses 7630-7699 0.00 — — — — — — — — TOTAL DISBURSEMENTS 42,419,234.18 1,903,789.05 3,363,000.00 3,430,000.00 3,254,841.79 3,540,000.00 3,290,000.00 3,190,000.00 3,169,498.62 E. NET INCREASE/DECREASE (B - C + D) (8,248,901.82) (1,058,195.72) (3,016,157.10) (2,458,921.38) (3,199,190.29) (3,226,198.78) 10,967,777.02 (2,453,819.32) (3,011,191.64) F. ENDING CASH (A + E) 1,268,178.36 (1,747,978.74) (4,206,900.12) (7,406,090.41) (10,632,289.19) 335,487.83 (2,118,331.49) (5,129,523.13) G. ENDING CASH, PLUS CASH ACCRUALS AND ADJUSTMENTS https://projection-pro.fcmat.org/projections/24756/reports 31 Appendices Appendix B — District Cash Flow (Two Years) FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:52:36 AM Plumas Unified Cashflow Report Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Year 2 2025-26 Object Budget/Beg. 2026 Range Balance March April May June Accruals Adjustments TOTAL Variance A. BEGINNING CASH 2,326,374.08 (5,129,523.13) (8,567,578.93) 1,189,276.28 (1,848,688.40) — — — — B. RECEIPTS LCFF Sources Principal Apportionment 8010-8019 1,688,544.00 74,799.50 — — 130,373.34 — — 1,688,544.00 — Property Taxes 8020-8079 26,697,123.00 — 13,348,561.50 — — — — 26,697,123.00 — Miscellaneous Funds & LCFF Transfers 8080-8099 (3,841,765.00) (537,847.05) (268,923.44) (268,923.44) (268,923.60) (268,923.77) — (3,841,765.00) — Federal Revenue 8100-8299 3,567,308.43 50,000.00 130,858.15 269,800.00 198,394.03 1,119,629.43 — 3,567,308.43 — Other State Revenue 8300-8599 4,790,030.20 105,994.51 146,359.00 — 368,858.31 921.91 — 4,790,030.20 — Other Local Revenue 8600-8799 1,269,091.73 150,000.00 100,000.00 101,138.95 137,952.78 — — 1,269,091.73 — Interfund Transfers in 8910-8929 0.00 — — — — — — — — All Other Financing Sources 8930-8999 0.00 — — — — — — — — TOTAL RECEIPTS 34,170,332.36 (157,053.04) 13,456,855.21 102,015.51 566,654.86 851,627.57 — 34,170,332.36 — C. DISBURSEMENTS Certificated Salaries 1000-1999 12,459,265.69 1,100,000.00 1,100,000.00 1,100,000.00 1,279,265.69 — — 12,459,265.69 — Classified Salaries 2000-2999 6,838,428.87 581,002.76 600,000.00 600,000.00 778,927.49 — — 6,838,428.87 — Employee Benefits 3000-3999 10,086,571.63 550,000.00 1,000,000.00 738,980.19 852,154.08 1,075,437.36 — 10,086,571.63 — Books and Supplies 4000-4999 2,842,697.48 300,000.00 350,000.00 100,000.00 282,697.48 — — 2,842,697.48 — Services 5000-5999 7,061,596.82 500,000.00 400,000.00 500,000.00 550,000.00 1,215,596.82 — 7,061,596.82 — Capital Outlay 6000-6999 2,218,117.25 100,000.00 100,000.00 100,000.00 100,000.00 973,042.85 — 2,218,117.25 — Other Outgo 7000-7499 912,556.44 150,000.00 150,000.00 1,000.00 50,000.00 — — 912,556.44 — Interfund Transfers Out 7600-7629 0.00 — — — — — — — — All Other Financing Uses 7630-7699 0.00 — — — — — — — — TOTAL DISBURSEMENTS 42,419,234.18 3,281,002.76 3,700,000.00 3,139,980.19 3,893,044.74 3,264,077.03 — 42,419,234.18 — E. NET INCREASE/DECREASE (B - C + D) (8,248,901.82) (3,438,055.80) 9,756,855.21 (3,037,964.68) (3,326,389.88) (2,412,449.46) — (9,913,901.82) F. ENDING CASH (A + E) (8,567,578.93) 1,189,276.28 (1,848,688.40) (5,175,078.29) — — — G. ENDING CASH, PLUS CASH ACCRUALS (7,587,527.74) AND ADJUSTMENTS https://projection-pro.fcmat.org/projections/24756/reports 32 Appendices Appendix B — District Cash Flow (Two Years) FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:52:36 AM Plumas Unified Cashflow Report Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Year 2 2025-26 Object Budget/Beg. 2025 2026 Range Balance July August September October November December January Feburary D. BALANCE SHEET ITEMS Assets and Deferred Outflows Cash Not in Treasury 9111-9199 0.00 — — — — — — — — Accounts Receivable 9200-9299 0.00 450,000.00 170,000.00 250,000.00 200,000.00 25,000.00 450,000.00 — — Due From Other Funds 9310 0.00 — — — — — — — — Stores 9320 0.00 — — — — — — — — Prepaid Expenditures 9330 0.00 — — — — — — — — Other Current Assets 9340 0.00 — — — — — — — — Deferred Outflows of Resources 9490 0.00 — — — — — — — — SUBTOTAL 0.00 450,000.00 170,000.00 250,000.00 200,000.00 25,000.00 450,000.00 — — Liabilities and Deferred Inflows Accounts Payable 9500-9599 0.00 1,500,000.00 1,000,000.00 350,000.00 300,000.00 — 60,000.00 — — Due To Other Funds 9610 0.00 — — — — — — — — Current Loans 9640 0.00 — — — — — — — — Unearned Revenues 9650 0.00 — — — — — — — — Deferred Inflows of Resources 9690 0.00 — — — — — — — — SUBTOTAL 0.00 1,500,000.00 1,000,000.00 350,000.00 300,000.00 — 60,000.00 — — Nonoperating Suspense Clearing 9910 0.00 — — — — — — — — TOTAL BALANCE SHEET ITEMS 0.00 (1,050,000.00) (830,000.00) (100,000.00) (100,000.00) 25,000.00 390,000.00 — — E. NET INCREASE/DECREASE (B - C + D) (8,248,901.82) (1,058,195.72) (3,016,157.10) (2,458,921.38) (3,199,190.29) (3,226,198.78) 10,967,777.02 (2,453,819.32) (3,011,191.64) F. ENDING CASH (A + E) 1,268,178.36 (1,747,978.74) (4,206,900.12) (7,406,090.41) (10,632,289.19) 335,487.83 (2,118,331.49) (5,129,523.13) G. ENDING CASH, PLUS CASH ACCRUALS AND ADJUSTMENTS https://projection-pro.fcmat.org/projections/24756/reports 33 Appendices Appendix B — District Cash Flow (Two Years) FCMAT/CSIS Software 1.0.0.0 - 4/4/2025 8:52:36 AM Plumas Unified Cashflow Report Fund 01 32-66969-0000000 Plumas Unified 2024-25 Adjusted First Interim Projection# 24756 Year 2 2025-26 Object Budget/Beg. 2026 Range Balance March April May June Accruals Adjustments TOTAL Variance D. BALANCE SHEET ITEMS Assets and Deferred Outflows Cash Not in Treasury 9111-9199 0.00 — — — — — — — Accounts Receivable 9200-9299 0.00 — — — — — — 1,545,000.00 Due From Other Funds 9310 0.00 — — — — — — — Stores 9320 0.00 — — — — — — — Prepaid Expenditures 9330 0.00 — — — — — — — Other Current Assets 9340 0.00 — — — — — — — Deferred Outflows of Resources 9490 0.00 — — — — — — — SUBTOTAL 0.00 — — — — — — 1,545,000.00 Liabilities and Deferred Inflows Accounts Payable 9500-9599 0.00 — — — — — — 3,210,000.00 Due To Other Funds 9610 0.00 — — — — — — — Current Loans 9640 0.00 — — — — — — — Unearned Revenues 9650 0.00 — — — — — — — Deferred Inflows of Resources 9690 0.00 — — — — — — — SUBTOTAL 0.00 — — — — — — 3,210,000.00 Nonoperating Suspense Clearing 9910 0.00 — — — — — — — TOTAL BALANCE SHEET ITEMS 0.00 — — — — — — (1,665,000.00) E. NET INCREASE/DECREASE (B - C + D) (8,248,901.82) (3,438,055.80) 9,756,855.21 (3,037,964.68) (3,326,389.88) (2,412,449.46) — (9,913,901.82) F. ENDING CASH (A + E) (8,567,578.93) 1,189,276.28 (1,848,688.40) (5,175,078.29) — — — G. ENDING CASH, PLUS CASH ACCRUALS (7,587,527.74) AND ADJUSTMENTS https://projection-pro.fcmat.org/projections/24756/reports 34 Appendices Appendix C — Study Agreement Appendix C — Study Agreement 35 Appendices Appendix C — Study Agreement 36 Appendices Appendix C — Study Agreement 37 Appendices Appendix C — Study Agreement 38 Appendices Appendix C — Study Agreement 39 Appendices Appendix C — Study Agreement 40 Appendices Appendix C — Study Agreement 41 Appendices Appendix C — Study Agreement Michael H. Fine Digitally signed by Michael H. Fine Date: 2025.01.22 16:12:43 -08'00' 42