District budget: $1 million in surplus funds for 2016-17
As the first part of the 2016-2017 school year comes to a close, the Western Placer Unified School District is financially in “good shape,” according to a district official.
During Tuesday’s regular school board meeting, Audrey Kilpatrick presented the first interim financial report for the 2016 -2017 school year. Kilpatrick is assistant superintendent of business and operations for the Western Placer Unified School District.
During her report to the school board trustees, Kilpatrick said that the district has attained a “positive certification” for the current 2016 -2017 school year and for the next two years.
“We’re meeting our three-percent reserve (in funds) required by the state, and for 2016 -2017, we have a surplus of $1.4 million in the projected ending fund balance,” Kilpatrick said.
The surplus funds are not committed for a specific program or other purposes, according to Kilpatrick.
“It’s like our savings account. They can be used for any number of programs,” Kilpatrick said, “or they can be used to cover any unforeseen expenditure increases that come up during the year.”
In other school board news, school district Superintendent Scott Leaman said that the Placer County Board of Elections certified on Dec. 9 that the $60 million Measure N school bond had passed with 56.45 percent voter approval.
With passage of the bond, the district anticipates that funding could be in place by early next year to begin designated projects, Leaman said. Measure N projects include upgrades for Glen Edwards Middle School and the building of a new elementary school in the South Lincoln Crossing area of Lincoln. An architect for the new school will be chosen in January, Leaman said.
The first regular school board meeting for 2017 is scheduled for 7 p.m. Jan. 17 at Glen Edwards Middle School, 204 L St. in Lincoln. The school board meeting for Jan. 3 was canceled.
For more information, visit wpusd.k12.ca.us, or call 645-6350.