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Elementary Calendar Aug- Sept-Oct
Elementary Calendar Aug- Sept-Oct  Download PDF 
CUSD Elementary Calendar for 2013-2014

2 Furlough Days + 2 "Pupil Free Days"
Dawn Urbanek August 28, 2013 at 11:07 PM
CalSTRS reported an inadequate funded ratio of 69.3% for the fiscal year ended June 30, 2012. Fitch estimates the funded ratio to be 65.7% based on a more conservative 7% rate of return assumption. Fitch expects school districts' CalSTRS contribution rates to rise over the coming years, perhaps significantly, if the state legislature addresses the system's growing unfunded liabilities.
Dawn Urbanek August 28, 2013 at 11:07 PM
More Furlough Days to cover unfunded pension liabilities?
Dawn Urbanek August 28, 2013 at 11:08 PM
OPEB liabilities are modest with an unfunded accrued actuarial liability of just $49.7 million, or 0.6% of AV at July 1, 2011.
Dawn Urbanek August 28, 2013 at 11:08 PM
Additional information is available at 'www.fitchratings.com'.
Dawn Urbanek August 28, 2013 at 11:08 PM
In addition to the sources of information identified in Fitch's Tax-Supported Rating Criteria, this action was additionally informed by information from Creditscope, University Financial Associates, S&P/Case-Shiller Home Price Index, IHS Global Insight, and the National Association of Realtors. Applicable Criteria and Related Research: --'Tax-Supported Rating Criteria' (Aug. 14, 2012); --'U.S. Local Government Tax-Supported Rating Criteria' (Aug. 14, 2012). Applicable Criteria and Related Research: U.S. Local Government Tax-Supported Rating Criteria http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=685314 Tax-Supported Rating Criteria http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686015 Additional Disclosure Solicitation Status http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=800666

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