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County office of education rejects Sacramento City Unified’s revised budget

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Education

County office of education rejects Sacramento City Unified’s revised budget

Sacramento City Unified’s fiscal overseer has disapproved the district’s revised budget, citing a “significant” projected negative year-end fund balance and the district’s failure to provide enough information to assess its cash flow and ability to meet financial obligations. The decision, made Friday, came weeks after the Sacramento County Office of Education disapproved the district’s original budget adopted in June and less than a day after the district signaled it would pursue a state budget review committee to review its revised budget.
The disapproval could trigger a budget review by a three-member committee selected by the SCUSD board from a state-provided list, unless the district receives a waiver. The committee, if formed, will recommend whether the budget should be approved or disapproved. In a letter to SCUSD Superintendent Cancy McArn, SCOE Superintendent Jacqueline White cited several concerns, including the district’s projected negative unrestricted balance of $166.3 million by year’s end, uncertainty over which budget solutions were reflected and missing financial projections. “This lack of clarity on what solutions are included or not included in the revised budget documents makes it difficult to accurately measure the insolvency risk and timing,” White wrote in the letter reviewed by The Sacramento Bee.

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