Interim budget, CalPERS update on Kairos agenda tonight – The Reporter

By Richard Bammer

The first interim budget, and facilities, enrollment and CalPERS updates are on the agenda when Kairos Public School Vacaville Academy leaders meet tonight.

Anita Schwab, chief business official for the independent charter school, will update the seven-member board on the first interim budget report for the 2015-16 school year.

Such reports are required by state law and, in accord with the general custom and practice of school districts statewide, they must be presented to school boards no later than mid-December, then certified no later than 45 days afterward.

As required by law, Schwab also will include multiyear projections in her report. Schwab will tell the board that 2015-16 budget revenues are $4.12 million, with a $1.3 million ending balance and $186,000 in a prudent reserve, or about 5 percent of the overall budget. Projected budgets are $3.76 million for 2016-17; $3.88 million for 2017-18; and nearly $4 million for 2018-19, according to agenda documents.

via Interim budget, CalPERS update on Kairos agenda tonight.

Comments are closed.