Sacramento City Unified’s fiscal overseer has disapproved the district’s revised budget, citing a “significant” projected negative year-end fund balance and the district’s failure to provide enough information to assess its cash flow and ability to meet financial obligations.
The decision, made Friday, came weeks after the Sacramento County Office of Education disapproved the district’s original budget adopted in June and less than a day after the district signaled it would pursue a state budget review committee to review its revised budget.
The disapproval could trigger a budget review by a three-member committee selected by the SCUSD board from a state-provided list, unless the district receives a waiver. The committee, if formed, will recommend whether the budget should be approved or disapproved…