On November 15, 2011, Rich Fagan, the associate superintendent of Finance and School Support gave a presentation to the Board of Education on the district’s 1st Interim Financial Status Report. Fagan shared with the Board a number of fiscal challenges facing the district, including the uncertainty about possible mid-year trigger cuts.
The district’s budget projections for 2012-2013 currently include $34.2 million in reductions adopted by the Board of Education last March. This year about $8 million of these reductions were implemented. Of the remaining $26.2 in cuts that are included in the district’s projections, $22 million need to be negotiated. Should the district be unable to realize the $22 million in cuts, the projections demonstrate that the district could be negative by $1 million at the end of 2012-2013 and negative by $70 million by the end of 2013-2014.
Fagan also shared with the Board that the district’s enrollment declined by 369 students based on the numbers reported on October 5, 2011 to the California Basic Educational Data System (CBEDS).
