LAUSD CFO MEGAN REILLY’S POWERPOINT PRESENTATION TO THE BOARD OF ED (1/13) & THE FACIILITIES, AUDIT & BUDGET COMMITTEE (1/15) ON THE GOVERNOR’S JANUARY BUDGET PROPOSAL

POTENTIAL SHORT TERM CRISIS: ▲ The  MiSiS Attendance and Unduplicated Count Variance line item above is frightening – but I have been briefed that the new MiSiS Team believes that it can and will be satisfactorily resolved.   It’s not the most succinct explanation – but the potential and actual impact of this aspect of the the MiSiS Crisis is pretty well explained here.

POTENTIAL LONG  TERM CRISIS: ▲The incredible increasing cost of the District Share in CALSTRRS & PERS Pension contribution results from a legislative fix that must be “unfixed”!  Constitutionally and Fiduciarily the Pension Plans are a state obligation.