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Board hears budget update, creates Budget Advisory Committee and approves technical GAM resolution

Mill Valley School District Board of Trustees · October 10, 2024
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Summary

Finance staff reported a monthly budget‑revision practice and a reduced projected deficit (approximately $1.4 million); the board formed a Budget Advisory Committee to examine reserves and long‑term fiscal strategy and approved a technical revision to the district's GAM limit by roll call vote.

District finance staff presented a new monthly budget‑revision process and an updated projection showing the adopted budget deficit had narrowed to roughly $1.4 million since budget adoption, driven partly by carryovers and updated revenue estimates.

The district announced a new Budget Advisory Committee made up of teachers, classified staff, parents and community…

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