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Board hires Gerardo Castillo as CBO and receives 45‑day budget revision showing $36M improvement
Summary
The board approved an employment agreement for Chief Business Officer Gerardo Castillo (term through 06/30/2028; base pay $249,770 plus $15,000 stipend) and received a 45‑day budget revision showing roughly $36.16M of improved positioning on the bottom line, while the district remains structurally in deficit.
The board approved an employment agreement for Gerardo Castillo to serve as the district's chief business officer, with a base salary of $249,770, a $15,000 annual stipend in lieu of district‑paid health insurance, vacation and expense allowances. Board members praised Castillo's initial work; Member Rhodes noted staff reported roughly $28 million identified in short‑term recoveries since his arrival.
Castillo then presented a 45‑day budget revision as an information item. The revision incorporated approximately $30.9 million in one‑time student support and learning discretionary funds (restricted) and identified reductions of about $5.3 million, together improving the district's fiscal position by about $36.16 million on paper; cast against an overall structural deficit, the district still projected a significant negative balance but staff emphasized this moves cash‑flow planning forward and will be part of formal revisions submitted to the county by Sept. 15.
Board members expressed support for Castillo's early work while pressing for more detailed unaudited actuals and further presentations. The CBO and staff described ongoing efforts to renegotiate contracts, review expenditures and prioritize classroom protections.
