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LARKSPUR-CORTE MADERA SCHOOL DISTRICT

LARKSPUR-CORTE MADERA SCHOOL DISTRICT. FIRST INTERIM REPORT - 2013-14. Challenges of lcmsd transition year . NEW STATE FUNDING MODEL NEW ACCOUNTABILITY REQUIREMENTS IMPLEMENTATION OF NEW CURRICULUM STANDARDS NEW TESTING METHODS (SBAC)

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LARKSPUR-CORTE MADERA SCHOOL DISTRICT

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  1. LARKSPUR-CORTE MADERA SCHOOL DISTRICT FIRST INTERIM REPORT - 2013-14

  2. Challenges of lcmsd transition year • NEW STATE FUNDING MODEL • NEW ACCOUNTABILITY REQUIREMENTS • IMPLEMENTATION OF NEW CURRICULUM STANDARDS • NEW TESTING METHODS (SBAC) • CDE FOOD SERVICE AUDIT (with new regulations and audit format) • NEW CHIEF BUSINESS OFFICER • MORE COMMITTEES/MEETINGS/PLANNING

  3. “what’s the difference?”(Between adopted and 1st Interim – GENERal fund) • REVENUES • No more identity crisis - LCMSD is “state funded”, not basic aid • Enrollment • LCFF/Property Taxes • Cash Flow • EXPENDITURES • Staffing • Two school  Three school model (start up costs, etc) • LCAP & Common Core Plans

  4. LOCAL CONTROL FUNDING the formula • CORE COMPONENTS • Calculation of district “floor” • Minimum State Aid • LCFF Target Target – Floor = gap • YEAR-TO-YEAR FUNDING CHANGES • ADA growth/decline • COLAs • Unduplicated EL, Free and Reduced counts • %age of implementation (gap) funding (ends at full implementation of LCFF)

  5. How it looks for LCMSD 2013-14 • TARGET = $10,606,211 • FLOOR = $ 8,396,621 • PY Deficited Revenue Limit Base x CY ADA = $7,417,002 • PY Categoricals = $979,619 • GAP = $10,606,211 - $8,396,621 = $2,209,600 Funded at 11.78% = $260,291 2014-15 • TARGET = $11,021,513 (adjusted by COLA & growth) • FLOOR = $ 8,811,992 (adjusted by growth & py gap adj) • GAP = $ 2,209,522 Funded at 16.49% = $364,350

  6. Cash flow – reverse eraf“how many triple flips can you do?” • WHAT HAPPENS TO CASH FLOW IN A STATE FUNDED DISTRICT? • Do we flow upstream? Do we flow downstream? Do we just get washed out to sea? • CASH FLOW and DEFERRALS • Marin is “Teeter” County • Basic Aid districts “paid” first • State apportionment recalculated paid out beginning Feb • Deferrals -> July

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