It’s a lot of money: $4.9 billion.
That is how much the Los Angeles Unified School District says is the 2022-2023 General Fund Ending Balance—also known as its reserve fund.
“Our reserves have little flexibility,” the district wrote in a hand-out to NBC4’s I-Team.
Here’s how the district explained the use of that money:
- $43 Million: Non-Spendable
- $1.75 Billion: Restricted
- $2.33 Billion: Committed
- $427 Million: Assigned
- $239 Million: State Required Reserve for Economic Uncertainty
- $140 Million: Unassigned/Undesignated—Funds that can be used at the District’s discretion.
When the I-Team asked if the District is considering using a portion of the “Unassigned/Undesignated” money to end the strike, a spokesperson responded: “I have no further information or update, but will keep you posted if we get further information.”
See the attached document below to learn more.
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Source: NBC Los Angeles