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San Francisco school board adopts SACS-format budgets and approves 2020–21 recommended budget with $27 million COVID reserve
Summary
The San Francisco Unified School District board voted to adopt state-standard SACS-format fiscal-year 2020–21 budgets and approved the district's recommended 2020'21 budget, which assumes $535 million in LCFF revenue, about $45.3 million in learning-loss funds and a $27 million COVID-19 reserve while planning $22 million in assumed savings.
The San Francisco Unified School District Board of Education on July 1 adopted the state-standard SACS-format budgets and approved the district's recommended fiscal-year 2020'21 budget, a plan staff say balances immediate reporting requirements while acknowledging a multi-year structural shortfall.
The board first moved and seconded to adopt the SACS (standardized account code structure) resolution required by the California Department of Education, citing California Education Code sections 33129 and 42127. After public comment and a roll-call vote, the board advanced to the superintendent's recommended budget and approved it by recorded vote.
Staff said the recommended budget incorporates the June 29 state budget and several one-time and placeholder assumptions. "We are looking at $535,000,000 of our Local Control Funding Formula dollars," Chief Financial Officer Megan Wallace said, and staff reported about $45.3 million in state "learning loss" funds, including allocations for…
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