By Ian Hanigan
The IUSD Board of Education voted to adopt a spending plan for the 2014-15 school year on Tuesday night.
The plan, which reflects the state’s latest projections from May, as well as the district’s priorities from a new accountability report, outlines $257.8 million worth of expenditures – both restricted and unrestricted – against $246.9 million worth of total revenue. The difference will be offset by one-time dollars, as IUSD looks to strategically spend down reserves it built up to weather the state’s fiscal crisis.
John Fogarty, assistant superintendent of business services, led a brief presentation on the district’s finances before the board approved the plan with a 3-0 vote. (The “yes” votes came from President Sharon Wallin, Lauren Brooks and Ira Glasky. Michael Parham and Paul Bokota were not in attendance.)
This is IUSD’s second budget under the state’s Local Control Funding Formula, which has increased base levels of funding for K-12 education while channeling greater resources toward English-language learners, low-income students and foster youth. At the same time, it is the first budget to factor in priorities from the district’s new Local Control and Accountability Plan, or LCAP, which documents measurable objectives for achievement and school climate with input …read more
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