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School Board Meeting: District Solvent ... for Now

At its December 8 meeting (agenda here: http://goo.gl/CGaGI ), starting at 7 p.m., the Monrovia School Board will, among other things:

~ Shuffle seats, electing a new president, VP, Clerk and Secretary from among the board members. http://goo.gl/3GCsm

~ Declare that it is fiscally responsible. As required by the State of California - which is deeply concerned that other governmental agencies be fiscal responsible - the school district will report that it is able to meet its fiscal obligations for this year and the following two years. However, Director of Fiscal Services, David Conway, warns that a little further out, "the district will not currently be able to maintain the required reserve at the end of fiscal year 2013-14." The required reserve is three percent. http://goo.gl/h8tes

- Brad Haugaard

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