VACAVILLE — School district staff is seeking approval Thursday to request a California “constitutional advance” from the county Board of Supervisors because of a deferral of regularly scheduled revenue payments for 2013-14 by the state.
This usual deferral by the state could cause the district to come up short in meeting its payment obligations for this year.
If approved, the Vacaville School District would request $14.8 million, which is 85 percent of 2014-15 accruing property tax revenues. The advances would be made available to the district between July 1, 2014, and the last Monday in April 2015.
Requesting the advance is routine and common with school districts, said Lettie Allen, the interim superintendent of business services. The advance is there if needed but not always used, she said.
“It’s a good fail-safe measure to deal with cash flow,” Allen said.
One of Gov. Jerry Brown’s edicts is to eliminate the deferral practice and in that case, Allen said, the advances won’t be needed anymore.
The school district meeting begins at 7 p.m. at the Educational Services Center, 401 Nut Tree Road. The agenda can be found at www.vacavilleusd.org.
Reach Susan Winlow at 427-6955 or email@example.com. Follow her on Twitter at www.twitter.com/swinlowdr.