2016-2017 Second Interim Budget March 14, 2017 Dr. Drew Passalacqua Assistant Superintendent, Business Services Briana Hennes Senior Director, Business Services
Presentation Overview • Budget Cycle • 2 nd Interim Budget Report • LCFF Overview • Budget Assumptions • Revenues and Expenses • Multi-Year Projections (MYP)
Budget Cycle State District 1 st Interim Budget Budget Adoption (June/July) (December) 2 nd Interim (March) Governor’s Budget Proposal (January) Budget Adoption May Revision (May) (June)
2 nd Interim Budget Report • Time Period • Actual expenditure and revenue data through January 31 st • Budget updated to reflect projected balances for June 30 th • Certification • Positive- Meet Financial Obligations • Qualified- May Not Meet Financial Obligations 1 Year • Negative- Will Not Meet Financial Obligations In Current or Next Year
2 nd Interim Budget Report • Certification • Positive • Qualified • Negative • Qualified Budget • Budget Approved in June 2016 • 1 st Interim December 2016 • Governor’s Budget Proposal January 2017 • Reduction in $2.2 Million Ongoing
2 nd Interim Budget Report Projections are updated in accordance with the best available information at the time. • State and Legislative Updates • Actual Payroll to Date • CALPADS Enrollment Data • Unduplicated Pupil Percentage
Base Grants K-3 $7,083 English Language 4-6 $7,189 Learner 7-8 $7,403 9-12 $8,578 Supplemental Grant Base Grant x 20% x STUDENT Unduplicated Pupil% Foster Econ. Concentration Grant Disadv. Youth Base Grant x 50% x Unduplicated Pupil% Above 55%
Budget Assumptions Assumptions 2016-2017 2017-2018 2018-2019 Local Control Funding Formula (LCFF) Target $ 94,739,849 $ 95,553,282 $ 96,534,536 Local Control Funding Formula (LCFF) Floor $ 86,519,969 $ 90,545,254 $ 90,590,886 Difference/Gap $ 8,219,880 $ 5,008,028 $ 5,943,650 Funding % 55.28% 23.67% 53.85% Total LCFF Funding $ 91,063,919 $ 91,730,654 $ 93,791,542 Estimated Unduplicated Pupil % 53.96% 54.01% 54.04% Estimated Supplemental and Concentration Grants $ 8,354,191 $ 8,520,489 $ 9,099,348 Enrollment 10,981 10,774 10,624 Projected District ADA 10,614 10,468 10,323 Loss of ADA from Prior Year (68) (146) (145) Attendance Percentage Assumed (P-2 to CALPADS) 97% 97% 97% District Funded ADA (Greater of Current or Prior Year) 10,682 10,614 10,468 Step & Column Yes Yes Yes Progress towards class size of 24 to 1 in Grades TK through 3 Yes Yes Yes Health and Welfare Increase N/A 5% 5% Lottery (Unrestricted) per ADA $ 140 $ 140 $ 140 Lottery (Restricted) per ADA for Prop. 20 $ 41 $ 41 $ 41
Budget Assumptions TK-3 Grade Span Progress The District intends on continuing progress towards student to teacher ratios of 24:1 in grades TK-3.
Budget Assumptions Employer Contributions to Employee Retirement Systems Rates continue to increase as noted below. 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 CalPERS Employer Rate 11.77% 11.85% 13.89% 15.80% 18.70% 21.60% Cumulative Affect Salary Projections 11,498,945 13,963,618 14,738,094 14,935,279 15,135,183 15,135,183 Annual % Increase over PY 9.83% 0.08% 2.04% 1.91% 2.90% 2.90% Annual $ Increase over PY $ 1,915,659 300,729 392,851 312,653 470,505 438,920 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 CalSTRS Employer Rate 8.88% 10.73% 12.58% 14.43% 16.28% 18.13% Cumulative Affect Salary Projections 46,383,112 52,854,070 52,549,773 52,675,271 52,806,274 52,806,274 Annual % Increase over PY 9.25% 1.85% 1.85% 1.85% 1.85% 1.85% Annual $ Increase over PY $ 5,454,957 1,552,421 939,520 990,280 995,820 976,916
Contributions to Restricted Programs • Special Education – Budgeted increases include rising STRS/PERS rates, Health and Welfare increases as well as program take backs • RMA – Budgeted increases are attributed to the elimination of flexibility provisions (minimum 3% of total expenditures) Contributions to Restricted Programs 2016-17 2017-18 2018-19 Special Education $ 14,408,081 $ 14,125,772 $ 14,361,502 RMA - Ongoing Major Maintenance 3,167,500 3,341,353 3,405,623 Total $ 17,575,581 $ 17,467,125 $ 17,767,125
Multi Year Projection - Unrestricted 2016-2017 2017-2018 2018-2019 Beginning Balance $12,207,375 $9,998,648 $4,879,480 Revenue $80,604,352 $78,631,808 $80,392,696 Expense $82,813,079 $83,750,976 $85,274,062 Surplus / (Deficit) ($2,208,727) ($5,119,168) ($4,881,366) Ending Balance $9,998,648 $4,879,480 ($1,886) Less: Designations– for $3,339,465 $3,341,354 $0 Economic Uncertainties Assigned Balances $6,659,183 $1,538,127 $0
Multi Year Projection – Combined Unrestricted & Restricted 2016-2017 2017-2018 2018-2019 Beginning Balance $18,055,396 $15,675,013 $9,948,045 Revenue $108,935,111 $105,651,481 $107,712,369 Expense $111,315,494 $111,378,449 $113,520,775 Surplus / (Deficit) ($2,380,383) ($5,726,968) ($5,808,406) Ending Balance $15,675,013 $9,948,045 $4,139,640 Less: Designations – for $3,339,465 $3,341,353 $0 Economic Uncertainties Restricted $5,676,365 $5,068,565 $4,141,525 Assigned Balances $6,659,183 $1,538,127 $0
Summary of Other Funds Cafeteria County School Special Reserve Fund for Adult Education Building Capital Facilities Special Revenue Facilities Capital Outlay Project Fund 11 Fund 21 Fund 25 Fund 13 Fund 35 Fund 40 Beginning Balance 280,055 967,946 8,144,071 2,947,135 30,449 35,442 Revenue 427,175 4,173,350 - 285,788 6,538 - Expense 427,050 3,925,734 4,035,764 11,440 5,746 - Surplus/ (Deficit) 125 247,616 (4,035,764) 274,348 792 - Ending Balance 280,180 1,215,562 4,108,307 3,221,483 31,241 35,442 Restricted Ending Balance 280,180 1,215,562 4,108,307 3,221,483 31,241 35,442
Next Steps • Submission to San Bernardino County Superintendent of Schools for validation and review • Calendar year-end processes • Governor’s May Revise • 3 rd Interim • Approve 2017-18 Budget 15
Next Steps • Vacant Positions • STRS/PERS Increases • Healthcare Committee • Review Staffing • SPED Costs • #1 Priority: Limit the impact our reductions have on our instructional program. 16
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