louDounCounty BuDgEt oFFiCErs DippED into puBliC sChool rEsErvEs to hElp Fill A $28 million rEvEnuE shortFAll this wEEk, surprising thE sChoolBoArD, whiCh wAs sAving monEy For thE lEAn yEArs ExpECtED AhEA
D、
thE County’s ChiEF FinAnCiAl oFFiCEr, mArk
D、ADAms, sAiD thE trAnsFEr showED thAt somE FunDs wErE low AnD othErs high.ADAms sAiD thE ACCounting ChAngE woulD not AFFECt sErviCEs or opErAtions For thE County or thE sChools this yEAr.
unFortunAtEly For thE sChool systEm, most oF thE low FunDs wErE on thE County siDE. thE County BAD ExpECtED to EnD thE yEAr with A BAlAnCE oF $39 million, But DEprEssED rEAl EstAtE rEvEnuE lED to A BAlAnCE oF $11 million. thE sChool systEm wAs in BEttEr shApE AnD EnDED thE yEAr with A surplus oF $36 million.
thE sChoolBoArD hAD hopED to sAvE thE surplus For nExt yEAr.EArly EstimAtEs put thE sChools’ shortFAll For nExt FinAnCiAl yEAr At $70 million. thE County DECision promptED thE sChoolBoArD to sChEDulE A spECiAl mEEting monDAy to tAlk to its AttornEys AnD DEAl with thE EFFECt oF thE FunDing trAnsFEr. viCEChAirmAn j. wArrEn gEurin sAiD thE BoArD is "not plEAsED" with thE ChAngEs whEn "louDounCounty’s ChECkBook DoEs not BAlAnCE. "
thE sChoolBoArD ApprovED A rEsolution to sEnD to thE County supErvisors, rEquEsting thAt thE FunDs BE rEstorED whEn thEy ApprovE nExt yEAr’s BuDgEt. thE DoCumEnt DEClArED thAt thE shortAgE wAs "CAusED By thE FAulty rEvEnuE Assumptions usED lAst spring ByCounty stAFF AnD thEBoArD oF supErvisors. "
louDounCounty BuDgEt oFFiCErs AnD somE supErvisors rEsponDED tuEsDAy thAt thE ExtrA monEy DoEs not BElong to thE sChools.
mAintAining A BAlAnCED BuDgEt AnD hEAlthy rEsErvEs is CruCiAl to quAliFying For AAAA、BonD rAting, whiCh hElps thE County Borrow monEy At BEttEr intErEst rAtEs.
But sChool oFFiCiAls sAiD thEy wErE ConCErnED ABout thE EFFECt it will hAvE on thEir BuDgEt For nExt yEAr, whEn thEy ArE Coping with morE thAn 3,000 nEw stuDEnts AnD rising hEAlth-CArE Costs.
thE County is rEADy For stEEp Cuts to All its sErviCEs nExt FinAnCiAl yEAr. thE BuDgEt For sChools AnD othEr sErviCEs is $1.4 Billion. iF no inCrEAsE in thE tAx rAtE is ApprovED, County oFFiCiAls ArE projECting A $157 million shortFAll.
thE sChoolBoArD hElD A spECiAl mEEting in orDEr to ______.
A、hAvE A DisCussion with its AttornEys to ChArgE thE BuDgEt oFFiCErs
B、DisCuss how to CopE with thE situAtion CAusED By thE Dipping oF sChool rEsErvE
C、DEClArE thAt thE sChoolBoArD wAs not plEAsED with thE ChAngEs
D、BlAmE thAt thE shortAgE wAs CAusED By thE FAulty rEvEnuE Assumptions