Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Piedmont board accepts positive 2nd interim budget; district projects stability next year
Summary
Business services presented a March 15 2nd interim report showing the district meets its financial obligations and a 3% reserve; Measure P revenues and tightened expenditures allow a projected 4.5% salary increase and no layoffs next year.
The district’s business director presented the 2nd interim financial report and a multi-year projection, and the board voted to adopt a positive certification.
Ruth Alahadoyan summarized the headlines: Piedmont will meet financial obligations for the current year, hold a 3% reserve (about $1.6 million), and include placeholders in next year’s budget for expansions and a 4.5% salary schedule increase. She said locally generated revenue accounts for roughly 38% of the district’s income and that the district spends about $22,200 per pupil. Recent one-time items (rebates, donations for AP exam fees) modestly changed the revenue picture since the 1st interim. Alahadoyan warned that the district’s unused fund balance is limited and that statewide risks — a lower COLA or enrollment declines in other districts — remain.
Trustees praised conservative management and passed the certification by motion. The board will continue to monitor the May Revise and return in June with final adjustments.
