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BEAR VALLEY UNIFIED SCHOOL DISTRICT

BEAR VALLEY UNIFIED SCHOOL DISTRICT. BUDGET UPDATE YEAR 2012/13 Presented by: Walter Con, Assistant Superintendent of Business Services August 15 th , 2012. TABLE OF CONTENTS. Budget Benchmark Journey Budget Adoption (6/27/12) Summary Budget Adoption to Budget Update Questions.

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BEAR VALLEY UNIFIED SCHOOL DISTRICT

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  1. BEAR VALLEY UNIFIED SCHOOL DISTRICT BUDGET UPDATE YEAR 2012/13 Presented by: Walter Con, Assistant Superintendent of Business Services August 15th, 2012

  2. TABLE OF CONTENTS • Budget Benchmark Journey • Budget Adoption (6/27/12) Summary • Budget Adoption to Budget Update • Questions

  3. THE BUDGET BENCHMARK JOURNEY • January 2012 – District commences building 2012/13 budget • March – May 2012 – District completes Estimated Actuals or 2011/12 • May – June 2012 – District completes 2012/13 budget • June 2012 - ? – District completes Budget Update for 2012/13 - if necessary • July – August 2012 – District completes Unaudited Actuals for 2011/12 • Adjustments to Beginning Fund Balance for 2012/13will always occur • December 2012 - 1st Interim Report for 2012/13 as of 10/31/12 • December 2012 - Audited Actuals for2011/12 • March 2013 - 2nd Interim Report for 2012/13 as of 1/31/13 • May 2013 - 3rd Interim Report for 2012/13 if necessary as of 5/30/13

  4. FY 2012/13 ADOPTED BUDGET SUMMARY

  5. Multi Year Assumptions

  6. Multi Year Assumptions, cont. 6

  7. MULTI YEAR PROJECTIONSAssumes: Governor’s Tax Initiative Fails - $1,136,000 Revenue Reduction

  8. MULTI YEAR PROJECTIONSAssumes: Governor’s Tax Initiative Passes – Furlough Days Restored

  9. COMPARISION – BUDGET ADOPTION to BUDGET UPDATE – TAXES FAIL Budget updates include: a) Budget Adjustment or $347,000, in 2013/14 & 2014/15 b) Transportation Encroachment of $203,000 in all years, c) Additional potential revenue reduction from $441/ADA to $457/ADA in all years and, d) Numerous other fine tuning adjustments throughout our budget in all years.

  10. COMPARISION – BUDGET ADOPTION to BUDGET UPDATE – TAXES PASS

  11. Questions?

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