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School Board Set To Discuss Funding, Fees, Debt Management at Thursday Night Meeting

Published on Thursday, September 14, 2023 | 5:36 am

The Pasadena Unified School District (PUSD) Board is slated to discuss and possibly approve significant financial resolutions during its meeting tonight at the Elbie J. Hickambottom Board Room #236.

Top on the agenda is the approval and certification of the 2022-2023 Unaudited Actuals Financial Data [BR 33-B], a document that provides a snapshot of the district’s finances over the past academic year. The board will review its latest revision dated September 13, 2023.

Additionally, the board is set to deliberate on two essential resolutions. The first, Resolution No. 2724, pertains to the Fund Balance Commitment, ensuring the district maintains a particular level of reserves. The second, Resolution No. 2723, relates to the GANN 2023-2024 Estimated Appropriation Limitation Calculation [BR 34-B], a crucial part of managing district appropriations.

Beyond these action items, the board plans to engage in discussions concerning a One-Time Funding Summary, offering insights into one-time funds available for the district. The board will also pore over the 2022-2023 Developer Fees Annual Report, shedding light on fees collected from local developers that typically go towards infrastructure and school improvement projects.

Lastly, the meeting will delve into the Pasadena USD Debt Management Strategy, highlighting the district’s plans and strategies to manage, reduce, or refinance its existing debts.

The full agenda is online here.

Tonight’s meeting, which begins at 8:00 p.m., is located at 351 S. Hudson Avenue, Pasadena, CA 91101. The public and interested stakeholders are encouraged to attend and stay informed about the district’s financial decisions.

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