Source:2/8/05 BOE Meeting
2005/06 Spending Reduction Plan
After a series of Board meetings and Board workshops, the Board of Education approved the following items as part of a Spending Reduction Plan for 2005/06. The plan does not meet the 3% reserve requirements and could result in a negative certification from the County Office of Education and the appointment of a fiscal advisor.
Background: At the December 11th BOE Meeting, the first interim finacial was presented. During the presentation, the projected $2,400,000 deficit was explained. On January 18th, the Board received community input regarding the potential budget reductions.
At the January 25th BOE Meeting the chief financial officer presented staff/Superintendent's recommendations for $2,377,000 in budget reductions for the Board's review.
At the February 1st BOE workshop the chief financial officer presented an alternative set of staff/Superintendent's recommendations of $1,625,000 for the Board's review. This alternative set of recommendations assumes the passage of legislation that allow the District to maintain an interim 1.5% reserve rather than the required 3% reserve.
Staff recommended the passage of the alternative budget recommendation of $1,625,000.
At the February 8th BOE meeting, the Board altered the recommendation by adding an item to adding one principal to two schools and reducing the reduction to one clerical FTE at Encinal High School as well as lowering the target savings from Special Education from $100,000 to $25,000.
Prior Board of Education Approved Budget Reductions
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