Reporter Mike Taylor of the Calaveras Enterprise reported today (June 27, 2014) in CUSD Budget in Dire Straits
“CUSD’s budget has been classified as “qualified” for the past three quarters, a condition that in school parlance means that a district cannot demonstrate it can pay its bills in what are referred to as “out years,” the two years beyond the current budget year. “
WHAT DO THESE TERMS MEAN?
POSITIVE: The district is projected to be able to meet its financial obligations all three years.
QUALIFIED: It is projected that the district may not meet its financial obligations in one of the three years.
NEGATIVE: It is projected that district will not be able to meet its financial obligations in the current or next fiscal year.