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Current legislation, policies, and practices allow public school districts to deceive the public about the districts’ financial positions by focusing on budgets that never manifest and “reserves” that only reveal the tip of the iceberg.
These practices unnecessarily complicate every district function from the LCAP process to labor negotiations to foundations and bonds.
Stakeholders are in the dark.
Billions of dollars of taxpayer money that was meant to educate children are being wasted, hidden below the surface and growing annually, and school districts budgets show they plan to continue the trend.
The practice also makes one call to question how all public agencies present their information.
CUSD HAD $16 MILLION IN GENERAL FUND DOLLARS THAT IT CHOSE NOT TO SPEND IN THE CLASSROOM OR TO FIX AND MAINTAIN FACILITIES INSTEAD IT IS BEING HORDED.
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CUSD HAS GROWN ITS ACTUAL RESERVES FROM $51 MILLION IN 2011-12 TO ITS CURRENT $133 MILLION
THE WAY TO CALCULATE ACTUAL RESERVES
THE CORRECTING ENTRIES ARE THEN DONE ON CONSENT CALENDAR AS FOLLOWS: September 13, 2017 CUSD BOT Meeting Agenda Item #13 RESOLUTION NO. 1718-14, AUTHORIZING THE INCREASE AND DECREASE IN APPROPRIATIONS FOR THE FISCAL YEAR ENDING 2016- 2017 page 472 of 998 |
September 13, 2017 CUSD BOT Meeting Agenda Item #14 RESOLUTION NO. 1718-15, RE-APPROPRIATION OF CARRYOVER FUNDS page 476 of 998
September 13, 2017 CUSD BOT Meeting Agenda Item #15 RESOLUTION NO. 1718-16, ADOPTING THE 2016-2017 ACTUAL GANN LIMIT AND THE 2017-2018 ESTIMATED GANN LIMIT page 481 of 998The work that CalProEd has done to date found the "Actual" Reserves for the following school districts:
The work that CalProEd has done to date found the "Actual" Reserves for the following school districts:
Billions of dollars of taxpayer money that was meant to educate children are being wasted, hidden below the surface and growing annually, and school districts budgets show they plan to continue the trend.
Why? Kickbacks? Pet projects without oversight? Job security for admin and union?
