Schools short on reserves for 2012-13
Wes Woods II, Staff Writer
Created: 06/26/2010 07:07:53 AM PDT
CLAREMONT – The school district has passed its three- year budget, but is below the state threshold for reserves in its third year.
This could cause Los Angeles County to get involved in Claremont Unified School District’s operations, but school officials said they doubt that will happen.
“We’re required to have our reserves above 3 percent,” board President Hilary LaConte said.
The reserves, which will be at $239,253 for 2012-13, or the third year, are designated for economic uncertainties by the county, LaConte said.
The district needs about $1.6 million, district officials said.
“We need a revenue change from the state, hopefully, or generate local revenue, or just have to make significant cuts to meet that requirement,” LaConte said.
Lisa Shoemaker, assistant superintendent of business services, said she is hopeful the state budget projections will go up by the district’s third year.
LaConte said the third-year reserve number was a “forecast. We have several years to work on the issue.”
Shoemaker and LaConte said other school districts are having revenue problems, so that is why they think it’s likely the county will not come in and tell the district what to do.
“School districts have had several years of significant reductions in funding from California. Every school district is having trouble,” LaConte said.
The district is deficit spending, which means expense exceeds income, at $1.6 million in 2010-11; $1.6 million in 2011-12; and $2 million in 2012-13.
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