2018/19 First Interim Tim Zearley Associate Superintendent, - - PowerPoint PPT Presentation
2018/19 First Interim Tim Zearley Associate Superintendent, Business Services December 10, 2018 First Interim Report Fiscal Update ADA Assumptions Revenue Assumptions Expenditure Assumptions MYP Summary Criteria and
Tim Zearley Associate Superintendent, Business Services December 10, 2018
Elementary +7.48 High School
Total <69.47>
Elementary <30> High School <50>
13400 13600 13800 14000 14200 14400 14600 14800 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 Elementary High School
General Purpose (LCFF) Revenue 83% Federal Revenue 5% State Revenue 11% Local Revenue 1%
Total General Fund Revenues First Interim Budget 2018-19
YEAR COLA Gap Base Increase Supplemental/Concentration Increase 2018/19 3.70% 100% $12.2M $8.6M 2019/20 2.57% 100% $4.3M $9.0M 2020/21 2.67% 100% $6.0M $9.2M
At Full Implementation:
by (1) change in ADA, and (2) the statutory COLA
determined by the UPP
Grades ADA Base Grade Span Supp. Conc. TARGET Unduplicated % of Enroll. 87.92% 87.92%
K-3 6,215.55 $7,459 $776 $1,448 $1,355
$68,610,494
4-6 5,097.72 $7,571 $1,331 $1,246
$51,734,065
7-8 3,149.57 $7,796 $1,371 $1,283
$32,913,228 TOTAL $153,257,786 TIIG Add-On $1,084,014 Transportation Add-On $474,814 18/19 LCFF FUNDING $154,816,614
Grades ADA Base Grade Span Supp. Conc. TARGET Unduplicated % of Enroll. 66.09% 66.09%
9-12 14,434.77 $9,034 $235 $1,225 $514
$158,900,005 TOTAL $158,900,005 TIIG Add-On $717,582 Transportation Add-On $458,416 18/19 LCFF FUNDING $160,076,003
Certificated Salaries 42% Classified Salaries 14% Benefits 20% Books and Supplies 6% Other Services & Oper. 11% Capital Outlay 2% Other Outgo/Transfer 5%
Combined General Fund Expenditures First Interim Budget 2018-19
PENSION REFORM 2017/18 2018/19 2019/20 2020/21 STRS 14.43% 16.28% 18.13% 19.1% Increase Over Prior Year $3.0M $3.1m $2.0M PERS 15.531% 18.062% 20.7% 23.4% Increase Over Prior Year $800K $1.5M $1.6M Increase over 2017/18 $3.8M $8.5M $12.0M
4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 2017/18 2018/19 2019/20 2020/21
Unrestricted Pension Reform Expenses vs New Base Funding
Base Funding Increase Pension Reform Increase Expense
in the current and subsequent two years
adjustments
into 2018/19
2018/19 but removed from subsequent years
Unrestricted Fund Balance 2017/18 2018/19 2019/20 2020/21 Fund Balance $68,784,593 $62,283,744 $46,757,229 $31,569,463 Nonspendable – Stores, Revolving Cash, Prepaid Expenses $1,927,026 $1,500,000 $1,500,000 $1,500,000 Assigned Economic Uncertainties $11,563,364 $11,975,577 $11,940,488 $12,174,501 County Cash FMV Adjustments <$344,721> <$344,721> <$344,721> <$344,721> LCAP Supplemental & Concentration $8,471,571 $7,398,099 $9,771,676 $11,379,540 Carryover Obligation – Misc. $1,395,676 $1,738 $1,738 $1,738 One Time Expenditures $-0- $92,029 $250,000 $250,000 Unassigned Balance $45,771,677 $41,661,021 $23,638,048 $6,608,405 Unassigned Reserve Percentage 17.06% 14.69% 8.24% 2.26%
$68,784,593 $62,283,744 $46,757,229 $31,569,463 $22,063,831 $18,875,292 $45,771,677 $41,661,021 $23,638,048 $6,608,405 ($5,176,930) ($10,537,552) ($20,000,000) ($10,000,000) $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 Ending Balance Unassigned Balance
The District does not reflect deferrals and carryover at adoption. Additionally, the subsequent years reflect the remove of all onetime funding and expenditures.
Deficit spending is a result of spending onetime carryover funds, projected step and column increase and impacts of pension reform.
The change since adoption is the result of three items:
returns to the 3% minimum requirement in 2019/20 as required by LCFF gap closure guidelines.
the purchase of Language Arts, Social Science, History and CTE curriculum adoptions.
transfer from RRM to Deferred Maintenance.