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TWIN RIVERS UNIFIED

TWIN RIVERS UNIFIED. 2012/13 ADOPTED BUDGET Presented to the Board of Trustees June 26, 2012. 2012/13 GENERAL FUND. 2012/13 GENERAL FUND REVENUES. 2012/13 REVENUE LIMIT ADA vs P2 ADA – K/12. 2012-13 Revenue Limit. 3.24% Cost of Living Adjustment

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TWIN RIVERS UNIFIED

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  1. TWIN RIVERS UNIFIED 2012/13 ADOPTED BUDGET Presented to the Board of Trustees June 26, 2012

  2. 2012/13 GENERAL FUND

  3. 2012/13 GENERAL FUND REVENUES

  4. 2012/13 REVENUE LIMIT ADA vs P2 ADA – K/12

  5. 2012-13 Revenue Limit • 3.24% Cost of Living Adjustment • Apply 2012-13 deficit of22.272% to our undeficited2012-13 revenue limit (RL)per ADA • Twin Rivers USD • Loss of $1,680 per ADA • $1,680 x 23,394 ADA = $39,301,920 loss of revenue $7,543 $7,543 Deficit Factor Reduction $1,680 (22.272%) 2012-13 Revenue Limit Funding • Funded RL • = $7,543 – ($7,543 x 0.22272) • = $7,543 – $1,680 • = $5,863 $5,863

  6. 2012/13 P2 ADA - Charter

  7. REVENUES • FEDERAL REVENUE: • One-time funding eliminated • 10% reduction to Title I and 20% reduction to Title II, Teacher Quality • Deferred revenue: • Estimated at $11 million • Only $837 thousand is reflected in the Adopted Budget • Remainder will be budgeted at First Interim once the actuals are known

  8. REVENUES - Continued • STATE REVENUE: • Economic Impact Aid (EIA) reduced 10% • School Library Improvement Block Grant (SLIBG) reduced 5% • Home-to-School Transportation and Class Size Reduction (CSR) remain the same as prior year • No Mandated Cost • One-time funding eliminated • Lottery per student rate is $141.75 • SBx3 4 Flexibility of Tier III programs is $9 million • LOCAL REVENUE: • Interest Income • One-time funding eliminated • State Special Ed – no COLA or cut from SELPA

  9. 2012/13 GENERAL FUND EXPENDITURES

  10. EXPENDITURES • CERTIFICATED SALARIES: • Current position control • Unrestricted vs. restricted • CLASSIFIED SALARIES: • Current position control • Unrestricted vs. restricted • 2011/2012 CATEGORICAL CARRYOVER • Not included • LUMPSUM • $35.61 elementary, $70.74 junior high, $141.14 high school • RRMA @ 2.16% • CONTRIBUTIONS • Transportation • Special Education • Community Day School

  11. Other Funds • Special Reserve Fund for Capital Outlay Projects • Other Enterprise Fund • Retiree Benefit Fund • Summary of the Other Funds revenues and expenditures • Adult Education Fund • Child Development Fund • Cafeteria Fund • Deferred Maintenance Fund • Special Reserve Fund for Other Than Capital Outlay Projects • Special Reserve Fund for Post-Employment • Building Fund • Capital Facilities Fund-Developer Fees

  12. 2013/14 GENERAL FUND - PROJECTIONS

  13. 2014/15 GENERAL FUND – PROJECTONS

  14. SACS BUDGET FORMS • Budget Certification • Average Daily Attendance • Revenue Limit Summary • Cash Flow Projection • Multi Year Projections – General Fund • Summary of Interfund Activities • Current Expense Formula/Minimum Classroom Compensation • Schedule of Capital Assets – 2011/12 • Schedule of Long-Term Liabilities – 2011/12 • Other Funds • Criteria and Standards

  15. NEXT STEPS • Staff will present a budget revision to the Board within 45 days of the State adopting their 2012/13 Budget. • Any questions?

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