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El Rancho board approves SERP to curb multi‑year deficit after revised financial projection
Summary
The El Rancho Unified School District board approved a Supplemental Employee Retirement Plan (SERP) as part of a multi‑year fiscal stabilization strategy after staff presented a second interim report showing a multi‑year pattern of deficit spending and declining enrollment. The motion passed 5‑0.
The El Rancho Unified School District board voted to approve a Supplemental Employee Retirement Plan (SERP) as part of a fiscal stabilization package after the district’s chief business officer presented its second interim financial report on March 11.
Gioconda Rodriguez Padilla, the district’s chief business officer, told the board the district has experienced roughly an 11–12% enrollment decline since 2020 and is projecting average deficit spending of about $5 million per year if no corrective steps are taken.…
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