Second draft of BUSD financial report up for review – Benicia Herald

By Nick Sestanovich

Tim Rahill, Benicia Unified School District’s chief business official, will be presenting the second interim financial report at Thursday’s school board meeting. The report shows, among other things, that BUSD is operating at a $1.9 million deficit.

At the Dec. 14 school board meeting, Rahill presented the first interim financial report which was approved by the board later that evening, although Trustee Peter Morgan voted against it and suggested the district take a serious look at the budget. After Gov. Jerry Brown unveiled his final budget proposal in January, Rahill said BUSD would need to make $800,000 in continuing adjustments for the budget to become balanced.

The operating deficit of $1.9 million outlined in the second interim financial report is slightly higher than the $1.8 million figure in the first report. Rahill said the 2017-18 deficit includes one-time spending funds of $900,000 and a $1 million operating loss for general ongoing operations. It does not include costs for negotiations with the district employee groups.

Source: Second draft of BUSD financial report up for review

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