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County cites 'lack of going concern,' places fiscal expert with Burbank Unified
Summary
Los Angeles County Office of Education notified Burbank Unified of a "lack of going concern" finding; county staff introduced a fiscal expert to work with district business services while warning of declining enrollment, deficit spending and unsettled labor talks.
The Burbank Unified School District on Jan. 15 received a formal explanation from the Los Angeles County Office of Education that it had designated the district as a “lack of going concern,” citing prolonged vacancies and breakdowns in business operations.
Octavio Castello, representing the county, told the school board the designation followed an unusually large number of vacancies in the district’s business office — including the chief business official — and noted ongoing reviews in payroll and facilities. The county has assigned a fiscal expert to be…
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