Finances of MUSD are OK; not so elsewhere

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webmaster | 02/25/12
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While Madera Unified School District is struggling to keep its financial head above water, 127 other districts throughout California are sinking. That is the latest word from State School Superintendent Tom Torlakson.

Torlakson issued a statement Thursday warning that the latest review of school district budgets shows that one-third of the state’s public school students now attend a district in financial jeopardy.

Torlakson said the latest status report for the 2011-12 school year shows that 127 districts are either in a qualified or negative financial situation.

According to Kelly Porterfield, MUSD’s associate superintendent for business and operations, the Madera district has never filed anything but a positive financial condition report; however, the specter of a qualified report in the next year or two could be a possibility if the district fails to ad just its spending to meet the challenges of shrinking revenues...

 

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