Fresno County school districts will have to shed an estimated $188 million when the first dollar goes into Proposition 2's School Account.  This will force the reduction of Fresno County school districts' local carryover funds from an average of 17% now, to just 5%.  The largest districts, Fresno and Clovis Unified, will be allowed just 4%, while most districts can carry only 6% and the smallest ones a bit more.  

Compare these allowed carryovers with California Department of Education and Government Finance Officers Association recommendations of 15-17% in reserves -- and the state's late payments to schools in all recent fiscal years.  Fresno County schools will be allowed to carry just $75 million forward -- yet the State had not paid Fresno districts $139 million it owed them just this June 30th (two years after Prop 30 passed).  Worse yet, $75 million is peanuts compared with the $345 million the State owed them in June 2012 and the $223 million in June 2013.

Note that one of the districts shown is in red because the California Department of Education "qualified" its certification of this district's financial condition during 2013-2014 period.  Despite its challenged financial state, this tiny district would have to spend over $300K of its ongoing operating funds when the State "school savings account" receives any deposits. 

Fresno data table

Was this helpful?

Be the first to comment

Stay Updated!

Sign up for updates on how you can stand with Educate Our State: