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District finance chief warns of projected cash erosion; board discusses potential $400,000 relief from Sacramento
Summary
CFO-level presenter Rafael Guzman told the board Inglewood had about $142 million in March cash and projects ending June with about $128 million; he urged continued monitoring and said proposed state relief championed by Assemblywoman Tina McKenner—about $400,000 annually—would be unrestricted and budget allocation decisions would follow.
Rafael Guzman presented the district’s March cash‑flow analysis on May 7, reporting roughly $142 million available cash, $9.9 million received and $13.2 million expended in March, leaving an ending cash balance near $139.2 million and a projection of roughly $128 million by June. Guzman explained monthly variances (including a large February retroactive payroll payment) and cautioned that some projected service…
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