Vacaville Unified agenda: 16-17 budget report, mental health supports, $38M bond sale – The Reporter

By Richard Bammer

The second interim 2016-17 budget report, an update about district mental health supports, and the sale of $38 million in Measure A bonds are on the agenda when Vacaville Unified leaders meet tonight in Vacaville.

Deo Persaud, the chief business officer, will note major changes since the first interim report in December; updates on revenues and expenses and the ending fund balance; multiyear projections (with assumptions); and next steps.

The district will file a positive certification, based on current projections, meaning it will be able to pay its bills for the current year and next year, he will tell the seven-member governing board.

In a slide presentation, he will note $113.4 million in expenses (a slight change from a previous report), with an ending balance of nearly $18 million (also a slight change), with 8 percent in prudent reserves of more than $9 million.

Source: Vacaville Unified agenda: 16-17 budget report, mental health supports, $38M bond sale

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