A letter that signaled the Oakland Unified School District was in financial trouble no longer holds water, according to the very agency that sent out that letter in the first place.
“One of the important things it signals is it reaffirms that the OUSD is not in financial crisis,” said Mike Hutchinson, a member of the district school board and the director for District 5. “That’s an important fact, because we’re not [in financial crisis]. We have large reserves. We’re projecting surpluses, and we still have COVID relief dollars — more than $100 million — left. The finances are actually better than they’ve been in a long time.
Yee wrote the original letter in November in which she cited concerns for the OUSD’s budget in future years, and that as a result, the district’s financial decisions could fall into the hands of the Financial Crisis Management Action Team. Monroe previously warned the Oakland school board they weren’t doing enough to reduce staff levels or adopting a long-term financial plan, and were relying on one-time revenues to stay afloat instead of making the deep funding cuts needed. State officials concluded the district hadn’t done enough to solve its looming budget deficit especially as it faces declining enrollment, and the county office could intervene.
“She also said that “to avoid a Lack of Going Concern designation in the future,” the district must meet conditions that include third interim budget with school board-approved reductions by June 1.” How does MIKE HUTCHINSON not comprehend this
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