By Richard Bammer
In his second report of the year about Vacaville Unified’s budget picture, Deo Persaud, the district’s chief business official, showed a slide headlined “The Common Message.”
Under the rubric, which applied to the current budget and the next two outlying fiscal years, he listed three points during his presentation Thursday to district leaders: 1) “Maintaining adequate reserves” of 8 percent; 2) Limiting commitments to future (and ongoing) expenses; 3) “Establishing contingencies,” or plans, that allow current spending decisions to be changed, if required.
The slide essentially summed up Persaud’s major emphasis during his 20-minute second interim report presentation, which began with his saying the district will submit a “positive certification” to the Solano County Office of Education on or before June 30, meaning the district will be able to pay its bills for the current year and the next two.
Source: Vacaville Unified business official to trustees: Keep adequate reserves