By Richard Bammer
While in the next few weeks Vacaville Unified officials will file a “positive certification” of its 2016-17 budget, the financial picture in future years “doesn’t really look that great,” the school district’s chief business officer said Thursday.
During a meeting in the Educational Services Center, Deo Persaud, using a slide presentation, told the governing board that the district will spend $108.5 million in the coming academic year, with revenues of $107.9 million, creating nearly $660,000 in red ink. The ending balance is expected to be $16.5 million, with 14 percent of the budget in prudent reserves, he told trustees during the sparsely attended meeting.
While that figure, a little more than $15 million, including 3 percent for economic uncertainties, may seem like a large amount, Persaud, at previous board meetings, projected that the 12,300-student district will face increased deficit spending in the 2017-18 and 2018-19 years as expenses significantly exceed revenues and the robust state funding of the last several years is expected to soften.