SDUSD Board to discuss possible financial problems - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

SDUSD Board to discuss possible financial problems

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SAN DIEGO (CNS) - The San Diego Unified School District Board of Education is scheduled Tuesday night to consider a resolution that expresses some uncertainty as to whether the district will be able to meet its financial obligations over the next couple of years.

The resolution calls for the district to issue a "qualified" financial certification to the state in the face of $92 million in spending cuts required to balance the budget for the next fiscal year. Another $52 million in reductions loom in the following year, the resolution says.

School districts are required to issue such declarations to the state, covering the financial outlook for the current fiscal year and the next two.

District officials can give a "positive" certification, in which they will have no problems paying the bills during that time period; "qualified," in which they might run into fiscal trouble; and "negative," when they believe they won't be able to meet their financial obligations.

A financial report prepared for the trustees said the budget picture for the next fiscal year is still dependent on decisions by the Legislature.

The district says it is on pace to spend $19.9 million more than expected in this fiscal year, reducing reserves.

Last year, the SDUSD was among 117 districts across the state the issued "qualified" certifications, nine of them in San Diego County. Seven districts statewide issued "negative" certifications -- none in the local area.

The trustees will also consider a four-year, $1.1 million contract with future Superintendent Cindy Marten. The Central Elementary School principal will take over for the retiring Bill Kowba this summer.

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