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Beverly Hills USD board certifies second interim budget, projects improving reserves
Summary
The board approved a positive certification for the district’s second interim budget. Staff reported modest improvements in the deficit projection, current reserves trending toward recommended levels, and a placeholder for potential COP financing tied to the bond program.
The Beverly Hills Unified School District Board of Education voted March 11 to approve its second interim budget report and to give a positive certification that the district can meet its financial obligations for the current fiscal year and the next two fiscal years.
Chief Business Office staff presented actuals through Jan. 31 and a multi‑year projection. The presenters described Beverly Hills USD as a “community funded” district in which property taxes are the primary unrestricted revenue source. Staff reported an updated property tax estimate for the current year and a small downward variance from the prior interim projection; total general…
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