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Banning Unified reports positive certification in first interim despite one-time spending and projected deficit
Summary
District business officers told trustees the first interim shows higher enrollment and revenues but increased expenditures; the district retained a positive certification and trustees approved the interim report 4-0.
Banning Unified School District trustees on Dec. 11 approved the district's first interim financial report after business staff reported a "positive certification," meaning the district expects to meet its financial obligations for the current and two subsequent fiscal years.
Mr. Fernando Herrera, the district's business officer, said the snapshot taken for first interim shows enrollment higher than the adopted budget and new revenue recognition. "We are currently at about the 03:00 hour, presenting the first interim," Herrera told the board, and he said the change in ADA methodology and stronger attendance produced revenue increases that helped the outlook.
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