DanvilleSanRamon.com

Newsfront - July 6, 2007

School district OKs new budget

The school board approved last week the 2007-08 $199 million budget for the San Ramon Valley Unified School District last week. The budget was up $3.7 million over last year. It includes $515,000 in unused grants; $59,000 in deferred revenue; and a $100,000 Drug Free Support grant.

In the new budget, expenses exceed revenues by $248,192. The district's ending balance is $2.1 million, and its remaining one time reserve totals $4.5 million. Additionally, the district's reserve for economic uncertainties is $6 million.

Expenditures have increased due to growth of new positions, according to staff reports. General Education staff has been increased by 30 full-time employees, and General Education classified staffing has increased by 17 full-time employees. The budget will be revised after Gov. Schwarzenegger signs the state budget.

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