Vacaville school board to hear budget update – The Reporter

By Richard Bammer

From a budget report to a state-of-the-school presentation, numbers are on the Vacaville Unified agenda when school district leaders meet tonight in open session in Vacaville.

Kari Sousa, the district’s chief business official, will deliver a second interim 2013-14 budget report, noting a sizable increase from the budget adopted on July 1 and how it has changed since then, after the passage of Proposition 30 in 2012, the start of Gov. Jerry Brown’s Local Control Funding Formula, and increased revenues brought on by a recovering housing market.

In her last board meeting before her midmonth resignation takes effect, she will note the revised budget indicates nearly $84 million in revenues, $88.4 million in expenses, creating nearly $4.5 million in deficit spending, with an ending fund balance of $11.2 million.

via Vacaville school board to hear budget update – The Reporter.

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