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Budget Advisory Committee

Budget Advisory Committee . Wright Elementary School District January 10, 2012. State Budget (June 2011). “Flat Funding” for Schools Assembly Bill (AB) 114, Education Trailer Bill Governor’s letter to CA State Assembly

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Budget Advisory Committee

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  1. Budget Advisory Committee Wright Elementary School District January 10, 2012

  2. State Budget (June 2011) • “Flat Funding” for Schools • Assembly Bill (AB) 114, Education Trailer Bill • Governor’s letter to CA State Assembly • Included $4 billion more in General Fund revenues to help create a balanced budget and pass the enacted 2011-12 State Budget. • Potential “Trigger” cuts if State revenue assumptions are not met.

  3. Understanding the “Trigger”, 2011-12 (continued)

  4. Updating the Trigger, 2011-12

  5. Updating the Trigger (continued) SSSC Fiscal Report: The “Trigger Tracker” Continues to Challenge our Revenues, 11/23/2011

  6. Updating the Trigger (continued) See SSC Fiscal Report: “Glass half empty or glass half full?” 12/22/2011

  7. The 2011-12 Proposed “Trigger”

  8. The 2011-12 Actual “Trigger”(DOF Revised 12/15/2011)

  9. Estimates Provided to Board at December 15th Meeting

  10. By the NumbersPast Performance and Future ProjectionsMulti-Year Projections (MYPs) 12/15/11 * COLA: Cost of Living Adjustment ‡ Revenue reflected projected 10 ADA increases

  11. MYPs (continued) Components of Fund Balancewith Trigger Cuts Only 12/15/11

  12. 12/15/11 MYPs (continued) Components of Fund Balance with Trigger Cuts & No COLA for 2012-13 If NO COLA in 12-13  (497,841)

  13. Governor’s Budget Proposal 2012-13

  14. Governor’s 2012-13 Budget Proposal, January 5, 2012) • Projected gap: $9.2B, absent any corrective actions • State Budget $89B - $15B below level 5 years ago • No COLA • Proposed $4.8B midyear trigger reductions if the Nov. 2012 tax measure fails. This is equivalent to a cut of 3 weeks of instruction or approx. $750/ADA revenue reduction.

  15. Governor’s 2012-13 Budget Proposal, January 5, 2012 (continued) Major Changes for K-12 Education: • Elimination of Home-to-School and Special Education transportation programs • Mandates reductions • Transitional Kindergarten: No funding for 2012-13 (2012-13, November 1 ????) • NoK-3 Class Size Reduction (CSR) Penalties • Fund $2.3B interyear deferrals • Weighted Student Funding – Categorical programs (i.e., special education)

  16. By the NumbersPast Performance and Future Projections#1 - Multi-Year Projections (MYPs) 1/5/12 * Note: JPA contribution: $48,603/would be $77,000 ‡ Revenue reflected projected 10 ADA increases * COLA: Cost of Living Adjustment

  17. MYPs (continued) #1 - Components of Fund Balancewith Trigger Cuts Only 1/5/12

  18. 1/5/12 MYPs #2 - Components of Fund Balance with Trigger Cuts for 2011-12 and 2012-13, No COLA in 2012-13 and No Transportations from 2012-13 on

  19. 1/5/12 MYPs (continued) #2 - Components of Fund Balance with Trigger Cuts for 2011-12 and 2012-13, No COLA in 2012-13 and No Transportations from 2012-13 on (497,841)

  20. One-Time Federal/State Stimulus FundsEXPENDITURES

  21. 2010-11 Tier III Categorical Flexibility Programs (Adopted Mar 17, 2011)

  22. Cash is Vital • Cash is King/Queen • No cash = “State takeover” • Cash shows no mercy • Cash Deferrals (June to July) – began 2002-03 • Multiple Cash Deferrals • More added every year since 2008-09 for both Principal and Categorical Apportionments. • Up to 38.4% from 2010-11 @29%

  23. State Multiple Cash Deferrals2011-2012 A-2 State Apportionment Schedule Base + deferrals for Revenue Limit ● 11-12 Advance Apportionment - July 2011: 5,074,238Based On 2010-11 P2 Certification ● 11-12 projected P1 certification apportionment- 5,074,238 , ●11-12 projected P2 certification apportionment- 5,074,238

  24. Future • The future fiscal picture depends on state finances and board decisions. • State Education “Trigger Cuts” • No COLA proposed for 2012-13 (3.1%) • Costs of health care for employees (currently 3-tier capped at CVT Kaiser Plan 3 Family) • Special education contribution (currently $1.38M) • Other program contributions: Title I, Economic Impact Aid (EIA), School & Library Improvement Block (SLIB), and Ongoing Maintenance ($0.39M) • Textbooks adoption, technology and transportation, etc. • Enrollment • Growth, Class Size, Attendance, etc. • Next Steps • Maintain Positive Certification • Revise budget to reflect latest decisions as needed • Determine course of action of budget solutions based on State decisions

  25. Budget Solutions • see Staff Reductions, 10/28/11 • General Fund only: • 1 day furlough district-wide: approx. $40,000 • 1% Health Benefit Costs: $17,745 (not incl. Café staff) • 1% Regular Salaries with Payroll Costs: • Certificated: $5,781,045 => $57,810 • Classified: $1,839,200 => $18,392 Total: $76,202

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