El Rancho board approves SERP to curb multi‑year deficit after revised financial projection
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 full story
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.
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