Need for possible budget cuts recognized

Alta Loma School District board of trustees passed a resolution recognizing the possibility for needing additional budget reductions.

Board members approved the memorandum at their Aug. 11 meeting that reads, "this resolutions makes public the board's acknowledgment that further ongoing reductions to the budget will be necessary if the cost-of-living adjustments are not funded as anticipated in the district's multiyear projections.

"The specifics will need to be addressed in the district's first interim financial report" that is released in at the beginning of the year.

"This is procedural since we included the COLA for the 2011-12 and 2012-13 school years in our 2010-11 budget," said Jim Ashton, Alta Loma's associate superintendent of administrative services.

Due to the uncertainty of the state's financial position, the San Bernardino County Superintendent of Schools requires districts to designate a portion of the unrestricted fund balance reserves or develop a fiscal action plan to recognize potential budget reduction in the amount of the cost-of-living adjustment in the event that it does materialize as anticipated.