The Tempe Union High School District (TUHSD) Governing Board made significant strides in educational offerings and financial management during its meeting on October 4, 2023. A key decision was the adoption of the Yaqui 2 language course, which fulfills the two-year language requirement for college admissions. This initiative, championed by board member James, aims to enhance students' cultural and linguistic skills, reflecting the district's commitment to diverse educational opportunities.
In addition to curriculum updates, the board reviewed the annual financial report for the 2022-2023 school year, revealing a total expenditure of over $180 million. The majority of this budget, approximately $105.7 million, was allocated to maintenance and operations, which constitutes 58.6% of the overall spending. Other significant expenditures included unrestricted capital outlay, debt service, and classroom site funds, which support teacher compensation and dropout prevention efforts.
The financial presentation highlighted the district's strong fiscal management, as evidenced by its recent AAA bond rating from Moody's and Fitch. This rating not only reflects the district's financial health but also positions it favorably for future investments, ultimately benefiting taxpayers through lower interest rates on bonds.
The board also discussed the importance of maintaining a robust fund balance reserve, targeting a minimum of 15% of the maintenance and operations budget. This reserve is crucial for navigating potential budget transitions and addressing declining enrollment projections, which are anticipated to decrease by 10% over the next decade.
Overall, the TUHSD Governing Board's decisions during this meeting underscore a proactive approach to enhancing educational offerings while ensuring sound financial practices. The adoption of the Yaqui 2 language course and the emphasis on maintaining a healthy budget reserve are expected to have lasting positive impacts on the district and its students.