Friday, 01 June 2012 03:23

ACUSD on track to finish with $900,000 in basic aid reserve

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Amador County – The Amador County Unified School District Board of Trustees heard a budget update last week that said figures are looking to be on target and the district could end the year with Nine-hundred-thousand dollars in reserves.

Tim Zearley, assistant Superintendent for business said with the “Basic Aid” revenue settlement from Amador County, some $500,000 dollars, the School District was headed toward finishing the fiscal year with a projected ending fund balance of $4.2 million dollars, and the equivalent of a 14 percent “basic aid reserve,” of $895,000 dollars.

Zearley said being a Basic Aid school district, Amador Unified is not subject to a midyear budget change, under the Governor’s May revise.

Also last week, the Board approved District policy toward revising the age criterion for admission into kindergarten or first grade, to meet new law, Senate Bill 1381 of 2010. The District approved the policy that will move the birth date that triggers enrollment eligibility one month each year between the 2012-2013 school year and the 2014-2015 school year.

For the current school year, a child had to be 5 years old by Dec. 2 of the school year to enter kindergarten and age 6 by that date to enter first grade. The policy change makes the date Nov. 1 of the school year for those birthdays, to enter those grades in the 2012-2013 school year. The date changes to Oct. 1 for the 2013-2014 school year, and Sept. 1 for the 2014-2015 school year, per the new policy.

Story by Jim Reece This email address is being protected from spambots. You need JavaScript enabled to view it.

Read 947 times Last modified on Friday, 01 June 2012 03:39
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