The Hemet Unified School District budget for fiscal year 2018-19, which ends June 30, continues to be in a safe and sound condition, the financial staff reported to the Board of Trustees in March.
The current projection is that expenses ($294.1 million) for the year will exceed revenue ($291.8 million) by about $2.3 million. HUSD will end the fiscal year with a cash balance of $23.8 million,
“Salary and benefits costs are projected to total $228.8 million. This is approximately $1.5 million lower than originally estimated in the adopted budget due to unfilled vacant positions, positions filled later than anticipated and lower substitute costs,” the report stated.
For next fiscal year, the finance staff discussed Gov. Gavin Newsom’s proposed budget. In May, the governor makes revisions and the Legislature has until the end of June to approve the next budget.
The January proposal had several increases that would benefit HUSD. These include a 3.46 percent cost of living adjustment for the local control funds and a slight reduction (buy-down) in teacher pension costs.
Funding for all day kindergarten, preschool program and special education grants may be available next year.
The current budget projection for next fiscal year would yield a $4.3 million deficit and a $1.39 million deficit in fiscal year 2020-21.