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Conference to Feature Updates from California Department of Education and California State Controller, as Well as Key Changes in School District Audits for 2021
How important is the business of school districts in California? To start, there are nearly 1,000 school districts in the Golden State that serve more than six million students and employ nearly 300,000 teachers. More than 9,000 individual schools dot the state that are governed by more than 1,000 school boards. Want more? Among the 1,000 largest school districts by enrollment in the United States, California has 186. Los Angeles Unified School District—the largest school district in the state—numbers 655,455 students.
Proposition 98 funding for K-12 schools and community colleges for 2021-22 is $85.8 billion—an increase of $14.9 billion from the level funded in the 2020 Budget Act, and the highest level of funding for K-14 schools ever. When combined with a one-time supplemental allocation of $2.3 billion and the benefit of CalSTRS and CalPERS rates ($1.1 billion), the state funding available to schools increases to $89.2 billion.
A look at the numbers show the significant role the California education sector plays in the economy and quality of life. And why CalCPA is bringing together industry leaders and experts to discuss accounting, auditing, tax and industry related issues for school districts at our April 20 School District Virtual Conference.
About CalCPA: CalCPA traces its heritage to 1903 when the California State Society of Certified Public Accountants was organized. In 1909, it merged with two other state CPA associations to form CalCPA. CalCPA serves more than 43,000 members in public practice, private industry, academia and government, and has 14 chapters across California. CalCPA also offers more than 1,400 live courses, conferences, webcasts and on-demand self-study courses annually. More information is available online.