Between the bitterness from Monday’s meeting and Measure I
shortfalls, some good news has quietly emerged.
”
I think we’re in a pretty good financial situation,
”
said Steve Brinkman, Gilroy Unified School District assistant
superintendent during his mid-year budget report at Thursday’s
board meeting.
Gilroy – Between the bitterness from Monday’s meeting and Measure I shortfalls, some good news has quietly emerged.
“I think we’re in a pretty good financial situation,” said Steve Brinkman, Gilroy Unified School District assistant superintendent during his mid-year budget report at Thursday’s board meeting.
The district adopted its budget June 23 and is required by state to give mid-year reports or updates. The second interim report will be given in March, before GUSD adopts its final budget at the end of June.
That GUSD has $2.5 million in its reserve account which is $257,236 more than the 3 percent – or $2.25 million – required by the state for economic uncertainties, is good news. The district’s revenues total $53.6 million while expenditures have topped $49.2.
Brinkman also was happy to report that attendance is up at every site, even Eliot Elementary School, which had the lowest attendance last year. Brinkman said he had predicted that Eliot’s attendance would improve once the new school was built, and he was right.
Eliot has the best attendance among elementary schools so far this year. Schools receive Average Daily Attendance funding per student. If the student is at school, the district receives that cash.
The projected ADA when the budget was adopted was $1.9 million but since attendance has improved the ADA is now at $3 million.
Still, there are some potentially negative forces working such as the spike in both health care costs and energy prices.
