New Haven Unified School District

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Board Briefs for Tuesday, March 5, 2019

Board Briefs for Tuesday, March 5, 2019

At Tuesday night’s meeting, Chief Business Officer Annette Heldman presented the 2018-19 Second Interim Report for approval with a Positive Certification of the district’s ability to meet its financial obligations for the current and two subsequent fiscal years. This report represents the District’s financial activities from July 1 to January 31 and adjusted revenue and expense projections through June 30.

Additionally, this report incorporates revenue projections from the Governor’s January proposals for 2019/20 and 2020/21.

Ms. Heldman shared that overall adjustments as of the Second Interim created a net positive impact to the budget by approximately $1 million, creating a positive impact to the 2018/19 ending fund balance and lowering the third-out-year budget shortfall from $15.5 million to $13.8 million.

The multi-year budget projections take into account nearly $4 million in budget reductions for 2019/20 and $4.7 million in 2020/21, as described in Board Resolution #030-1819 included in the full report.  Ms. Heldman’s presentation can be found here.

The agenda for Tuesday night’s meeting can be found here.  

The Board will hold their regularly scheduled meetings on the first and third Tuesday of the month. Please see the list of dates below:

April 16, 2019

April 30, 2019

May 21, 2019

June 4, 2019

June 18, 2019