By Richard Bammer
Travis Unified leaders approved the 45-day revision to the district’s 2017-18 budget of $56.7 million, with $1.2 million in deficit spending and a $4.8 million ending fund balance.
In accord with the Budget Act, California school districts are required to make public any revisions to their annual budgets with 45 days after the initial adoption on or before July 1 every year.
During a meeting Tuesday night in the Travis Education Center, Sonia Lasyone, the district’s new chief business officer, told the five-member governing board that revenues, because of “one-time” mandated state dollars, will increase nearly $800,000 this coming year, welcome news.
But, she noted, there was some bad news, too: Local Control Funding Formula sources will drop by $19,000 this fiscal year, and by $131,000 and $199,000, respectively, in the next two.