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CUSD board approves transfer of $4.2 million sale proceeds to pay abuse-settlement costs
Summary
The Carpinteria Unified School District board adopted Resolution No. 25938 to request state approval to transfer $4.2 million from the sale of the Baylard property into the district general fund to pay three abuse-settlement payments totaling $4 million and to reserve $200,000 for a fourth case.
The Carpinteria Unified School District Board of Education on Aug. 12 voted to adopt Resolution No. 25938 authorizing the district to seek state approval to transfer $4,200,000 from the sale of surplus property into the district general fund so the district can pay three settled claims totaling $4,000,000 and hold $200,000 to address a remaining related lawsuit.
Board members approved the resolution after staff and legal counsel explained that the settlements are conditioned on permission from the State Allocation Board and the Office of Public School Construction to use sale proceeds for one-time general fund purposes under Education Code provisions cited in…
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