1 / 17

Lennox School District 2011-12 Second Interim Report to Board of Trustees

Lennox School District 2011-12 Second Interim Report to Board of Trustees. March 13, 2012. Second Interim Report. What Has Changed Since First Interim Report? Release of Governor’s Budget November Ballot Initiatives Development Of District Multi-Year General Fund Strategic Plan

luce
Télécharger la présentation

Lennox School District 2011-12 Second Interim Report to Board of Trustees

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Lennox School District2011-12 Second Interim Report to Board of Trustees March 13, 2012

  2. Second Interim Report • What Has Changed Since First Interim Report? • Release of Governor’s Budget • November Ballot Initiatives • Development Of District Multi-Year General Fund Strategic Plan • TRANS Issuance • Release of LAWA First Payment • Issuance Of QSCB and GO Bond Payments • Awaiting OPSC Funding For ORG

  3. Second Interim Report 2011-12 • Los Angeles World Airport (LAWA) Sound Attenuation Program Begins • December 2011 Received First Payment: • $10 Million Federal Funding (Fund 40) • Allocated for Jefferson ($1.9M), Felton ($3.34M), Animo Charter ($2.5M) & Lennox Middle School ($1.77M) • Approximately $111 Million in Total Payments Expected Over Next 10 Years • Last Series of General Obligation Bonds Issued – February 2012, Fund 21 • Election of 1998, Series 2012B, $157K • Election of 2007, Series 2012B, $1.199 Million • Election of 1998, Series 2012A, $ 3 Million • Qualified School Construction Bonds, QSCB, $ 2.1 Million in Interest Payment Relief Due to Federal Subsidy Program

  4. Second Interim Report 2011-12 • Office Of Public School Construction (OPSC) Funds • Overcrowding Relief Grant • Jefferson School • Expectation of $3 Million Cash Deposit In Spring 2012 for Building Modernization • (Fund 35) • District Claimed $39.78 Million Funds For Site / Relocation Expenses • October 4, 2011 Claim Form • $68 Million Total Funding – 50% of Funding Is Available Due to District Qualifying for Financial Hardship

  5. Second Interim Report 2011-12 • The District Certifies Positive • District Budget Solutions Depend Upon Reduction In Force • Employee Compensation Restored to Original 100% Levels • District Issued $4 Million Tax Revenue Anticipation Notes (TRANS) • Funded: March 1, 2012 • Payback: November 2012 • Applying for June 2012 Exemption From State Apportionment Deferral

  6. Summary of Combined MYP • Enrollment Continues To Decline • Expenditures > Revenue • Without Reductions In 2012-13, Approximately 98% Of The Unrestricted General Fund Would Be Spent On Salaries And Benefits • Over 90% Of Our Budget Reductions Prior To 2009-10 Did Not Affect Salaries And Jobs

  7. Revenue Assumptions

  8. Revenue Assumptions

  9. Revenue Assumptions

  10. Expenditure Assumptions

  11. Expenditure Assumptions

  12. Expenditure Assumptions

  13. Protecting “Cradle to College” • District Budget Committee cost savings 2003-2009 • Site Funding Support • School Allocation reduction: $300,000 • Eliminate Mandated costs incentive funding/ sub site reimbursement $60,000 • Events • Eliminate: field trips, Proud Bird opening, travel/ conferences, Spanish classes, food, memberships, Lennox Loudspeaker issues, and a variety of miscellaneous items $105,000 • Consultants • Eliminate and/ shift district support to categorical $115,000

  14. Protecting “Cradle to College” (cont) Personnel • Assistant Principals: Eliminate 4 positions $450,000 • Administrators: shortened work year $100,000 • D.O. Directors/ clerical: eliminate all director positions/ shift distr. support to categorical $500,000 • Counselors: eliminate .5 FTE/ shift distr. support to categorical $250,000 • SDS: shift district support to categorical $330,000 • Tech staff: reorganization $50,000 • Custodians: downsize per policy/ shift dist. support to cafe/ RRM $470,000 • Librarians: shift district support to categorical $300,000 • Health Aides: SDS: shift district support to MAA $56,000 • Clerical: downsize per policy/ shorten work yr/ revamp D.O. position $62,000 • TA's: Shorten TA work year/ eliminate district support $500,000

  15. Protecting “Cradle to College” (cont)

  16. What’s Next? • District Stakeholders (Budget Committee) Continue To Brainstorm Solutions To Eliminate Deficit Spending In Order To Maintain Positive Status In The Long Term • Submit Second Interim Report To LACOE By March 15, 2012 • Await May Revise Of Governor Brown’s 2012-13 Budget Proposal And Approval By The State Legislature • Adjust Current Year Budget And Multi-year Budgets As Needed • Await News Of November 2012 Ballot Measures To Increase Taxes • If November Measures Are Passed $1.8M Reduction Is Restored Mid-Year 2012-13

  17. Questions?

More Related