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February 25, 2020
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PV trustees to consider budget report

WATSONVILLE — The Pajaro Valley Unified School District Board of Trustees on Wednesday will consider adopting this year’s budget, a detailed picture of how the district plans to allocate the $234 million in annual revenues it receives.

State law requires school districts to adopt their budgets for the year by June 30.

The budget shows a $41.1 million ending fund balance this year, a number that decreases to $34 million next year. The ending fund balance will be $27.8 million in 2019-20, and $22.4 million the year after that.

But the district is still deficit spending — meaning it is spending more than it brings in in revenues.

That number is decreasing, however, from $16.4 million this year to $5.3 million at the end of the 2020-21 fiscal year.

This year’s budget will reflect salary and benefit changes for the district’s teachers, classified and management employees after all three groups successfully negotiated raises.

The trustees will also hear a report for the district’s Measure L spending this year.

Passed by voters in 2012, Measure L is a $150 million bond created to fund dozens of repair, construction and upgrade projects throughout the district.

The rules governing that bond required a citizens’ oversight committee to oversee spending.

According to a report by Vavrinek, Trine, Day & Co., LLP, the fund had a balance of just under $63.7 million as of June 30, 2017.

That money was dedicated to projects such as replacing the track and field at E.A. Hall Middle School, a solar project at Aptos Middle School and modernization projects at several schools.

The funds are also paying for the new field at Pajaro Valley High School.

The Pajaro Valley Unified School District Board of Trustees will meet Wednesday at 7 p.m. in the Watsonville City Council Chambers on the top floor of the Civic Plaza at 275 Main St.

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