Amador County – The Amador County Unified School District board of trustees heard a report last week that it could lose $900,000 from its budget as a “basic aid county,” but could also lose more in the governor’s proposed “fair share” calculations.
New Amador School District Chief Financial Officer Tim Zearley last week gave a report after taking a look at the governor’s May revisions, for the 2011-2012 state budget. Zearley said “we are in the process of building our budget.” With an early look he said “we will lose 18.2 percent of our funding,” due to an 8.92 percent reduction proposed by Governor Brown. The District will remain a “basic aid county.”
Zearley said “the most we stand to lose under this is $900,000. Our biggest concern is this fair-share budget reduction” proposed by Brown. He said the “calculation will be ongoing.”
School Board President Wally Upper asked what will happen with the results of a revenue budget vote. Zearley said if they do not have a budget approved, the controller said legislators probably will not receive their paychecks.
The board also looked at the monthly cash and expenditure report as of the end of May. Cash totaled $12.28 million, with $500,000 in bond interest and redemption in the School District side. Office of Education cash totaled $856,000.
The District’s year-to-date revenue was $26.9 million, up $1 million from the previous year total. It was $300,000 ahead of the budget. District expenditures total $22.1 million for the year at the end of May, down $4.4 million compared to the same time in 2009-2010.
Office of Education revenue at the end of May was $5.3 million, down $1.3 million from last year. Expenditures were $7.4 million.
Upper noted that the District had “almost $1 million in developer fees.” Superintendent Dick Glock said “what we’ve used the developer fees for is cash flow because we can borrow from it.” Glock said “it will be one of the checklist items for Mr. Zearley.”
Staff noted that property taxes are $1.3 million below the budget, but total revenue is up from last year.
Story by Jim Reece This email address is being protected from spambots. You need JavaScript enabled to view it.
