|
Getting your Trinity Audio player ready...
|
The Pleasanton Unified School District’s budget was able to recently meet the required positive certification prior to submitting its second midyear status report to the Alameda County Office of Education.
Pleasanton Unified had been among 32 districts to receive a qualified certification from the California Department of Education for the first interim status report for its 2024-25 budget – meaning the state determined that, based on projections at that time, PUSD might not meet its financial obligations for the current year or one of the next two years.
The district was able to position its $200-million-plus budget for positive certification for its second interim report, which was released earlier in March.
“We received positive certification,” PUSD director of communications Patrick Gannon told the Weekly. “The second interim budget will be submitted to the Alameda County Office of Education as a positive budget.”
The district’s Board of Trustees approved the second interim budget report during its March 13 meeting where staff showed how recent reductions have led to a slight improvement in the budget. The second interim budget report is one of two updates the district makes to its 2024-25 adopted budget.
During the meeting, staff went over all of the updated budget information and recent changes made to the budget through Jan. 31 that, according to staff, showed significant positive changes.
“Since the first interim budget report, we have received updated information on the Cost of Living Adjustment (COLA) and budget assumptions, updated demographer and enrollment reports and incorporated the board-approved budget reductions,” Gannon said.
Those previous budget reductions account for about $6.5 million in savings that the district will incorporate into its multiyear budget projection, according to staff.
“Based on the adjustments in the Second Interim Budget Report, the District can meet the required minimum three percent reserve for economic uncertainty for the current fiscal year, and two subsequent years,” Gannon said. “It is estimated that the unrestricted reserves will be at 3.08%.”
The California Department of Education’s fiscal oversight webpage has not been updated yet with results of the second interim reports across California.
