Submitted by Denair Unified School District
The Denair Unified School District has made a remarkable financial turnaround, trustees were told Thursday night, and will finish the 2014-14 school year with a small surplus.
The recovery is about 18 months ahead of the aggressive expectations set last spring by new Superintendent Aaron Rosander and his revamped financial team in conjunction with state and county advisers. He said the district has kept a “laser-like” focus on its fiscal challenges and been “parsimonious” with its spending.
“The entire district has come together to ensure our success,” said Rosander, who took over in February. “Management and union members have worked impressively together over the past eight months. This relationship is strong and our combined will to succeed is even stronger.”
The district has an $8.7 million budget in 2014-15 and estimates it will end the school year with a 3% reserve, or about $262,000. That meets the minimum requirements set by the state and should earn Denair a “positive” certification for the first time since January 2012 from the Stanislaus County Office of Education, which reviews all school district budgets in the county.
In addition to across-the-board pay cuts, 19 full-time teaching jobs and one administrative position were eliminated earlier this year, and there were reductions to some non-essential academic programs. This fall, the district also was buoyed by a $250,000 windfall from the state thanks to recalculations related to its Average Daily Attendance, which school funding is based on. Other revenue adjustments netted the district about $90,000.
Rosander said parents and other community members “can rest assured and put confidence in the district that their schools are being managed with a high degree of accuracy when it comes to the financial component. Continue reading “DUSD Board Cheers Positive Financial Report” »