The Denair Unified School District’s financial situation continues to improve, with a major reduction in deficit spending in 2014-15 and the anticipation of a small surplus the following school year.
Trustees listened to a presentation and heard public comment about the proposed $8.15 million budget for 2014-15 at their meeting Thursday night. Though the district expects to spend about $130,000 more than it receives in revenue, there is no financial assistance required from the Stanislaus County Office of Education. The past two years, the county office loaned the district $2.4 million to prevent state takeover.
By 2015-16, Denair officials expect to have about $370,000 more in revenue than expenses.
“We remain on a fiscal recovery plan. We’re exactly on the trajectory we had projected,” said Superintendent Aaron Rosander, who took over in February. “This puts us right on our target so that 24 months from now the ink is black.”
Trustees will take a final vote June 26 on the 2014-15 budget.
The proposed spending plan reflects the staffing cuts and 8% salary reductions agreed upon earlier this year by the district and its employees. In February, the board eliminated the equivalent of 19 full-time teaching jobs and one administrative position to reflect declining enrollment. All but eight of those positions already were vacant or will not be filled after employees retired at the end of the recently completed school year. Continue reading “Budget Picture Brighter for Denair Unified School District” »
