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.