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Galt high school district remains on financial watch list

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Posted: Wednesday, May 29, 2013 12:00 am

A new report shows that fewer than half as many California school districts are in financial jeopardy now as a year ago, State Superintendent of Public Instruction Tom Torlakson announced Monday.

However, Galt Joint Union High School District is among the 92 local educational agencies that are either in negative or qualified financial status. The same report from a year ago showed a record 188 LEAs in financial jeopardy.

Eight LEAs received negative certifications, while 84 received qualified certifications. This is down from 124 LEAs in the First Interim Status Report for 2012-13, issued in March, and from the 188 LEAs in the Second Interim Report for 2011-12, issued a year ago.

Galt remains on the latter list.

The qualified certification is assigned when a district may not meet its financial obligations for the current or two subsequent fiscal years. This certification allows the district’s county office of education to provide assistance.

This new list is a compilation of the certifications by LEAs that were due April 16 and cover the financial and budgetary status of the districts for the period ending Jan. 31. The certifications reflect whether the districts are able to meet their financial obligations for the remainder of the current fiscal year and the next two fiscal years, based on projections at that point in time, according to the state Department of Education.

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