VACAVILLE — The Vacaville school board will hear a budget update Thursday from Kari Sousa, the associate superintendent of Business and Administrative Services.
Staff is seeking approval for the second interim report and multiyear budget projects. Interim reports are mandated by the state to improve financial awareness and accountability in public school districts. Changes to the district’s operating budget are noted in the second interim report.
Meeting backup material indicates that revenues increased slightly from the first interim report in January but hovered just shy of $84 million. Expenditures for that same time period decreased from just over $89 million to $88.4 million. The reserve amount also increased from $10.6 million to $11.2 million.
Looking ahead, projections show that both revenues and expenditures will continue to climb. The report goes as far as 2016-17 and estimates nearly $98 million in revenue and $91.2 million in expenditures, with a reserve of $19 million.
The meeting begins at 7 p.m. at the Educational Services Center, 401 Nut Tree Road. The report is available at www.vacavilleusd.org.
Reach Susan Winlow at 427-6955 or [email protected] Follow her on Twitter at www.twitter.com/swinlowdr.