Board Meeting Highlights: September 18, 2024 (Special)
See the Meeting Agenda for a full listing of items considered and actions taken at this meeting:
A Balanced Budget for Fiscal Sustainability Workshop
The Fremont Unified School District Governing Board is committed to ensuring the continuing fiscal viability and fiscal solvency of the district.
The District is currently projecting a deficit in the Unrestricted General Fund for the subsequent year. As a result, the District will have to identify ongoing reductions—while meeting the 3% reserves requirement—to eliminate deficit spending and balance the books.
Superintendent Erik Burmeister, Associate Superintendent Danny Hillman, and Director of Budget James Arcala presented the Balanced Budget for Fiscal Sustainability Board Workshop.
This meeting marks the first of several engagements with the Board and community to gather input and provide initial direction on how to address the financial challenges.
Required reductions of approximately $28-39 million dollars between this school year and next year are necessary. To prevent continued deficit spending, the District will need to reduce its budget by $20-30 million reduction of Unrestricted General Fund ongoing expenditures, and also reduce or reassign positions funded by expiring one-time funds to the tune of $8-9 million. The Board is expected to take final action on these reductions at the January 8, 2025, Board Meeting.
No budget reduction decisions were made during this meeting. The Board asked questions, heard public comments, and discussed the timeline and process by which decisions will be made.
Information about additional meetings and opportunities for community engagement will be shared as available.
