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Redondo Beach Unified reports positive certification on first interim budget; reserves steady despite $6.55 million change
Summary
Deputy Superintendent Annette Alpern told the board the first interim report shows a $6.55 million change in ending fund balance but that district reserves remain about 10.8% after accounting for restricted funds; the board approved submitting the report and gave a positive certification.
Dr. Annette Alpern, Deputy Superintendent for Administrative Services, presented Redondo Beach Unified School District’s first interim budget report, telling the board the document covers transactions from July 1 through Oct. 31 and updates projections the district adopted in June. “There was a change in $6,550,000 in our ending fund balance,” Alpern said, noting that $6.8 million of additional expenditures came from restricted, one-time funds.
Alpern walked trustees…
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