Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Oversight committee and auditor report QTEA spending is accounted for; board urged to review parcel-tax split ahead of Prop G vote
Summary
The Quality Teacher and Education Act oversight committee presented an external audit showing QTEA funds were properly accounted for and reported a planned drawdown of reserves; presenters urged the board to re-examine the 71%/29% split between salary/MOU uses and other priorities ahead of a proposed parcel tax, Prop G.
Superintendent Vincent Matthews and the QTEA oversight committee told the San Francisco Unified School District board that the district’s parcel-tax program is being monitored and spent according to ballot language, but that the board should consider revisiting how the revenue is split before seeking additional voter authorization.
Nathan Edelman of VTD, the external financial auditor, presented the committee’s annual financial statements and compliance review and said the accounting records "fully account for" QTEA revenues and expenditures. Edelman reported roughly $40,000,000 in revenue and about $42,500,000 in expenditures for the fiscal year presented, a planned deficit of about $2,300,000 drawn from prior reserves, and an ending fund balance near $7,800,000. "From an audit perspective, we can pick samples for every single dollar and validate that the funds were spent…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
