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Board certifies second-interim budget as 'positive' after $17M swing; trustees press for transparency on reserves
Summary
Trustees unanimously approved a second‑interim report that shows a swing from a negative ending balance to a modest positive position after $17M of adjustments and restricted‑fund transfers; trustees asked staff to show progress toward a 10% reserve and to monitor cash‑flow reliance on the county line of credit.
Santa Rosa City Schools’ finance staff presented a second‑interim budget on March 11 that they recommended be self‑certified "positive," saying the district can meet its obligations for the current year and the next two.
CBO staff said the district moved from an approximately minus $14.5 million ending balance at the first interim to a projected plus $2.7 million at second interim — a swing of about $17 million driven by revenue updates, maximizing restricted dollars, and recognizing transfers in (notably redevelopment/RDA funds through Fund 40). The staff presentation listed $16 million in ongoing staffing reductions and other fiscal‑stabilization actions…
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