DISTRICT IS SAVED FROM DEBT WOES STATE TO PAY PENSION BUCKS.Byline: Carol Rock Staff Writer ACTON Acton, town (1990 pop. 17,872), Middlesex co., E Mass., NW of Boston; settled c.1680, inc. 1735. Among its manufactures are electrical machinery, chemicals, prefabricated houses, and precision equipment. - A shift in the budget approved Thursday by the state Legislature A state legislature may refer to a legislative branch or body of a political subdivision in a federal system. The following legislatures exist in the following political subdivisions: A proposed shift in responsibility for 2 percent of the State Teachers Retirement Fund from the state to school districts forced agencies throughout the state to budget for that expense, something that would have cost Acton-Agua Dulce $114,000. With the approved budget, expected to be signed as soon as today by the governor, payment remains with the state, freeing those funds to be spent elsewhere. ``We haven't been given the go-ahead to change it, but it is anticipated that we will be able to put that money back into the budget, which would eliminate our shortfall Shortfall The amount by which the capital required to fulfill a financial obligation exceeds available capital. Notes: Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. and put us in the black,'' district Superintendent District Superintendent may be:
Rumors For other uses, see Rumor (disambiguation). Rumors is a farcical play by Neil Simon. At its start, several affluent couples gather in the posh suburban residence of a couple for a dinner party celebrating their tenth anniversary. of a county takeover spread through the communities after Wagner revealed a possible $599,612 shortfall, but officials with the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County Office of Education have been working with the district and did not see the situation as desperate at this time. ``We are aware, from a variety of sources, that their budget may be facing some challenges that were unanticipated,'' said Ken Shelton, the department's assistant superintendent Assistant Superintendent, or Assistant Superintendent of Police (ASP), was a rank used by police forces in the British Empire. It was usually the lowest rank that could be held by a European officer, most of whom joined the police at this rank. . ``We have a period of time to do an analysis of the budget they have submitted to us. Budgets are living documents, and districts have the opportunity to make adjustments throughout the year. ``If there are areas where we would disapprove dis·ap·prove v. dis·ap·proved, dis·ap·prov·ing, dis·ap·proves v.tr. 1. To have an unfavorable opinion of; condemn. 2. To refuse to approve; reject. v.intr. the budget, we would identify areas where we don't believe that the district is meeting its responsibilities to address its financial obligations. They have the ability to revise and resubmit Verb 1. resubmit - submit (information) again to a program or automatic system feed back return, render - give back; "render money" the budget. The last thing the county wants is an insolvent INSOLVENT. This word has several meanings. It signifies a person whose estate is not sufficient to pay his debts. Civ. Code of Louisiana, art. 1980.. A person is also said to be insolvent, who is under a present inability to answer, in the ordinary course of business, the responsibility district because of its impact on the community. We can impose a budget on a district, but most elected boards choose to keep local control of issues and expenses as opposed to having someone take over and make their decisions.'' Shelton said the phrase ``county takeover'' is a misnomer misnomer n. the wrong name. MISNOMER. The act of using a wrong name. 2. Misnomers, may be considered with regard to contracts, to devises and bequests, and to suits or actions. 3.-1. , because there is no such official procedure. ``The bottom line is that we don't take over a district; we will work to assist them and impose recommendations,'' Shelton said. He added that the district's declining enrollment reduces the amount of available revenue and that adding high school and closing a campus in the last several years imposed significant expenses on the district. Since announcing the potential shortfall at a June 24 meeting, Wagner and her staff were guided through some new regulations that allowed for the recovery of $364,950 in financing from Certificates of Participation, which have been used in the past for school construction and $68,000 in interim student housing money, which reduced the General Fund deficit by $432,950. Additional adjustments resulted in a final potential deficit of $102,934, which Wagner shared with board members on Thursday. If the state budget is approved with payments to retirement funds staying at the state level, the district could be $11,000 in the black. A series of discussions will begin Thursday night at the district's board meeting night where budget committee members will ask for public input on the issue. The district also is in the process of applying for hardship funding from the state to address the situation at Vasquez High School, a campus completely furnished fur·nish tr.v. fur·nished, fur·nish·ing, fur·nish·es 1. To equip with what is needed, especially to provide furniture for. 2. with leased portable buildings. ``The district doesn't qualify outright because our debt level isn't high enough,'' Wagner said. ``We have several critically difficult scenarios; there was a recent fire at the school, the gym was closed within the last year, there is no library and there is no large structure for students to get in out of the weather. We don't believe the state would want students housed in this way and may be willing to assist us.'' Wagner said a lobbyist has been hired by the district and is working in Sacramento to shepherd the paperwork through the system. A problem that plagues the district is a decreasing enrollment, especially in the elementary grades. Wagner speculated that new home in the area is not attracting those with children in lower grades, causing the district to budget for 31 fewer students. ``We lost three teaching positions this year, and we anticipate losing three per year if this continues,'' she said. ``That's the difficulty. Plus we rent our entire high school, and you can't keep on doing that.'' Carol Rock, (661) 257-5252 carol.rock(at)dailynews.com IF YOU GO The board of the Acton-Agua Dulce School District will meet at 7:30 p.m. at High Desert School, 3620 Antelope antelope, name applied to a large number of hoofed, ruminant mammals of the cattle family (Bovidae), which also includes the sheep and goats. The North American pronghorn is sometimes called an antelope, but belongs to a separate, related family (Antilocapridae). Woods Road, Acton. CAPTION(S): box Box: IF YOU GO (see text) |
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