• Support
  • Advertise
  • Locations
  • Contact Us
Wednesday, March 22, 2023
No Result
View All Result
NEWSLETTERS
The Capistrano Dispatch
  • Calendar
    • Event Calendar
    • Submit an Event
  • Sections
    • Eye On SJC
    • Soapbox
      • Submit A Letter
    • Getting Out
    • SJC Living
    • Sports & Outdoors
    • Dana Point Times
    • San Clemente Times
  • Digital Edition
  • Best of SJC
  • Legals & Classifieds
    • Locals Only Business Directory
    • Classifieds
    • Submit A Classified
    • Obituaries
    • Submit an Obituary
    • Announcements
    • Submit An Announcement
  • Special Publications
    • A New You
    • Aging Well
    • Crib to College
    • Festival of Whales Event Guide
    • Go See Do
    • Holiday Happenings & Gift Guide
    • Inside/Outside Home
    • South County Real Estate Guide
    • Summer Camp Guide
    • Swallows Day Parade & Mercado Event Guide
    • The Green Issue
  • SJC Guide
  • Real Estate
    • South County Real Estate Guide
    • Real Estate – Who’s Who
  • Calendar
    • Event Calendar
    • Submit an Event
  • Sections
    • Eye On SJC
    • Soapbox
      • Submit A Letter
    • Getting Out
    • SJC Living
    • Sports & Outdoors
    • Dana Point Times
    • San Clemente Times
  • Digital Edition
  • Best of SJC
  • Legals & Classifieds
    • Locals Only Business Directory
    • Classifieds
    • Submit A Classified
    • Obituaries
    • Submit an Obituary
    • Announcements
    • Submit An Announcement
  • Special Publications
    • A New You
    • Aging Well
    • Crib to College
    • Festival of Whales Event Guide
    • Go See Do
    • Holiday Happenings & Gift Guide
    • Inside/Outside Home
    • South County Real Estate Guide
    • Summer Camp Guide
    • Swallows Day Parade & Mercado Event Guide
    • The Green Issue
  • SJC Guide
  • Real Estate
    • South County Real Estate Guide
    • Real Estate – Who’s Who
No Result
View All Result
The Capistrano Dispatch
No Result
View All Result

CUSD Trustees Certify District Financial Report

by Collin Breaux
March 16, 2023 12:46PM
in EYE ON SJC, News
CUSD Superintendent
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Capistrano Unified School District will be able to meet its financial obligations as usual, according to a report district staff presented to the Board of Trustees on Wednesday, March 15.

District officials presented the required financial report certifying the district is in sound fiscal shape, with trustees voting to approve staff’s recommendation of positive financial certification, based on the presented data.

Of CUSD’s current budget, salary costs for both certificated and classified employees have cost $126 million for the 2022-23 fiscal year. Books and supplies cost $5 million.

As for revenue sources, the financial report showed that revenue from a state formula introduced in 2013 called the Local Control Funding Formula—LCFF for short—made up the bulk of district’s money with $297 million.

Other state and local revenue came out to a combined $9 million, while federal funding only accounted for $372,894.

A full budget for the 2023-24 fiscal year is expected to come before the board in May for approval. Negotiations for employee salaries and benefits are still ongoing.

Based on multi-year projections, CUSD’s amount of surplus funds is expected to decrease in the coming years. The district projects to have about $38.58 million in 2023-24; nearly $30.9 million in 2024-25; and close to $22.32 million in 2025-26 in terms of surplus money.

School districts are required to maintain a minimum of 2% in reserve funds, and CUSD expects to be well above that in the coming years, with projected ending funds of 20.5% in 2023-24; 25.8% in 2024-25; and 28.7% in 2025-26.

Another statistic that has fallen over time is student enrollment, according to the report. Projected student enrollment numbers for 2023-24 are at 40,939 students—a decrease from the 47,205 students for 2018-19.

Enrollment was variously at 46,501 students in 2019-20, 43,719 students in 2020-21, 42,754 students in 2021-22, and 41,854 students in 2022-23.

“Attendance is projected to be less than 93% of enrollment compared to a 96% average in pre‐pandemic years,” the report said.

Student Board Member Alex Zhao said he would like to incorporate feedback from current students into ongoing discussions about educational funding since they have “good ideas” about the reasons behind the decline in enrollment.

“I was already talking with a lot of students,” Zhao said. “They already had a lot of ideas about why this is happening and how the school district can work to bulwark against it.”

Trustees also again reiterated frustrations about public education being underfunded.

“Sometimes, when we get out there (in the State Capitol in Sacramento), it’s upsetting to see the whole process, that we continually don’t prioritize public education in this state,” Board President Krista Castellanos said. “We’d like to throw money at it in our one-time funding. As you all know sitting up here, we can’t plan programming and do long-term goals with one-term funding.”

Trustee Gila Jones said the board should authorize a trustee or other representative to go to Sacramento in person and talk about the importance of funding education to state legislators.

Share this:

  • Share
  • Print
  • Email
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Tumblr
Tags: Capistrano Unified School DistrictCUSDCUSD Board of TrusteesDana PointEducationfinancesfundingSan ClementeSan Juan CapistranoSchoolschools
ShareTweetPin

Collin Breaux

Collin Breaux covers San Juan Capistrano and other South Orange County news as the City Editor for The Capistrano Dispatch. Before moving to California, he covered Hurricane Michael, politics and education in Panama City, Florida. He can be reached by email at cbreaux@picketfencemedia.com.

Related Posts

San Juan Capistrano Council Hears Long-Term Use Proposals for Rancho Mission Viejo Riding Park

Council Approves Short-Term Extension on Riding Park Lease

March 22, 2023
Harbor

Supervisor Foley Announces Harbor Advisory Committee

March 22, 2023
Outdoor Dinners Return to Ecology Center

Outdoor Dinners Return to Ecology Center

March 21, 2023
San Juan Capistrano Council Hears Long-Term Use Proposals for Rancho Mission Viejo Riding Park

City Council to Consider Approval of Short-Term Extension for Riding Park Lease

March 22, 2023
Next Post
Citizens’ Climate Education: Going Electric

Citizens’ Climate Education: Going Electric

Discussion about this post

No Result
View All Result

The Dispatch Daily
Get important news and updates delivered straight to your inbox. Sign up here.

Subscriptions
Don’t get The Dispatch delivered to your home? Subscribe today.

Advertising
Get new customers and drive traffic to your business. Advertise with us.

Support Local Journalism
For less than the cost of a couple of cups of coffee a month, become an “Insider” member and continue to get “Local News You Can Use” from the only independently owned, dedicated local news organization in South Orange County.

Contribute today.

Picket Fence Media is a proud member of the SoCal Media Network.

  • Current Issue
  • Contact Us
  • San Clemente Times
  • Dana Point Times
  • About Us

© 2023 Picket Fence Media

No Result
View All Result
  • Calendar
    • Event Calendar
    • Submit an Event
  • Sections
    • Eye On SJC
    • Soapbox
      • Submit A Letter
    • Getting Out
    • SJC Living
    • Sports & Outdoors
    • Dana Point Times
    • San Clemente Times
  • Digital Edition
  • Best of SJC
  • Legals & Classifieds
    • Locals Only Business Directory
    • Classifieds
    • Submit A Classified
    • Obituaries
    • Submit an Obituary
    • Announcements
    • Submit An Announcement
  • Special Publications
    • A New You
    • Aging Well
    • Crib to College
    • Festival of Whales Event Guide
    • Go See Do
    • Holiday Happenings & Gift Guide
    • Inside/Outside Home
    • South County Real Estate Guide
    • Summer Camp Guide
    • Swallows Day Parade & Mercado Event Guide
    • The Green Issue
  • SJC Guide
  • Real Estate
    • South County Real Estate Guide
    • Real Estate – Who’s Who

© 2023 Picket Fence Media

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.