La Cañada school board takes first look at budget

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From the La Cañada Valley Sun

Through a combination of fund transfers, cash reserve spending, program reductions and staff reductions the La Cañada Unified School District will remain financially solvent through the 2012-13 fiscal year, according to a preliminary budget released this week.

The district has been grappling with how to manage a year-over-year multimillion dollar reduction in funding, the result of the economic downturn and subsequent California budget crisis.

Stephen Hodgson, a financial and budgetary consultant for the district, told the Governing Board Tuesday the district will have to tap into its reserves, spending as much as $3.36 million in savings to make in through the coming years.

Much of the budget discussion focused on funding lost on a per student basis. In 2007-08, the district received $5,795 per students from the state, Hodgson said. In 2009-10, the district will received $4,960 per student, a loss of $835. Compounding that reduction in funding is the fact that district enrollment numbers are dropping.

For of this story read here

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Written by Megan O'Neil

November 19, 2009 at 4:18 pm

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