Schools CBO: $600,000 plus shortfall this fiscal year – Benicia Herald

By Keri Luiz

Chief Business Official Tim Rahill will present the second interim financial report Thursday to school board trustees, showing that Benicia Unified School District will operate at a loss of more than $600,000 in Fiscal Year 2014-15.

The district provides the 2014-15 second interim financial report using information from the state budget, with the new state Local Control Funding Formula (LCCF) for schools and certain budget assumptions, Rahill wrote in a report to the board.

The LCCF is the new way the state funds school districts, including BUSD.

via Schools CBO: $600,000-plus shortfall this fiscal year.

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