2018-19 December 11, 2018 2018-19 General Fund 1 First Interim - - PowerPoint PPT Presentation

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First Interim Budget 2018-19 December 11, 2018 2018-19 General Fund 1 First Interim Budget Assumptions Local Control Funding Formula COLA increased to 3.70% Gap funding at 100% Unduplicated pupil count at 47.91% Projected

SLIDE 1

First Interim Budget

2018-19

December 11, 2018

SLIDE 2

2018-19 General Fund

First Interim Budget Assumptions

Local Control Funding Formula
COLA increased to 3.70%
Gap funding at 100%
Unduplicated pupil count at 47.91%
Projected ADA at 51,036
Federal, State and Local revenues updated
One-time entitlements and mandates
2017-18 Site carryover updated
Increase of Routine Repair Maintenance

contribution

SLIDE 3

2018-19 First Interim Budget

Projected Revenues

2018-19 Adopted Budget vs First Interim Variance

Adopted Budget First Interim Budget LCFF

$468.2M $472.5M $4.3M

Federal Income

$21.3M $24.6M $3.3M

State Revenue

$91.0M $84.2M ($6.8M)

Local Revenue

$2.0M $7.2M $5.2M

Transfers In

Total

$582.5M $588.5M $6.0M

*Numbers in millions

SLIDE 4

2018-19 First Interim Budget

Projected Expenditures

2018-19 Adopted Budget vs First Interim Variance

Adopted Budget First Interim Budget Certificated Salaries

$290.3M $294.3M $4.0M

Classified Salaries

$77.6M $77.8M $0.2M

Employee Benefits

$126.9M $130.5M $3.6M

Books & Supplies

$21.8M $32.5M $10.7M

Services & Other Operating

$60.2M $64.9M $4.7M

Capital Outlay

$0.6M $0.5M ($0.1M)

Indirect Costs

($1.0M) ($1.0M)

Transfers Out/ Other Outgo

$1.8M $1.8M

Total

*$578.2M ◊$601.3M $23.1M

*Numbers in millions

* Includes: $2.0M increased Special Ed costs

ver prior year.

◊ Includes: Additional $4.0M increased Special Ed costs over adopted budget.

0.97% salary increase per formula true up
2017-18 carry-over

SLIDE 5

Multi-Year Budget Assumptions

2019-2020

Local Control Funding Formula
COLA remains at 2.57%
Zero gap funding – LCFF fully implemented
Unduplicated pupil count at 48.69%
Projected ADA decline of 100
Federal, State and Local revenues
Adjustments for one-time entitlements and

mandates

SLIDE 6

Multi-Year Projections

2019-2020

Decrease of 13 FTE (Certificated and Classified)
Step and column advancement
Increase of STRS and PERS
Increase of student LCAP supplemental services
Increase of utilities and contracted services

SLIDE 7

Multi-Year Projections

2019-2020

Increase of transportation services cost
Restoration of Routine Repair

Maintenance contribution to 3%

SLIDE 8

Multi-Year Projections

2020-2021

Local Control Funding Formula
COLA remains at 2.67%
Zero gap funding – LCFF fully implemented
Unduplicated pupil count at 48.70%
Projected ADA decline of 100
Adjustment of Federal, State, and Local

revenues

SLIDE 9

Multi-Year Projections

2020-2021

Decrease of 4 FTE (Certificated and

Classified)

Step and column advancement
Increase of STRS and PERS
Increase of student LCAP supplemental

services

Increase of utilities and contracted services

SLIDE 10

Multi-Year Projections

2020-2021

Increase of transportation services cost
Increase of Routine Repair Maintenance contribution

SLIDE 11

Progress Toward LCFF Implementation

12.50% 25.00% 37.50% 50.00% 62.50% 75.00% 87.50% 100.00% 12.02% 38.55% 70.63% 86.74% 92.70% 100.00% 100.00% 100.00% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Projected

2018-19 May Revision: Full LCFF implementation; 100% cumulative gap closure

Actual

SLIDE 12

Per-ADA

Revenues vs. Expenditures

Base Growth $144 Base Growth $415 Base Growth $212 Base Growth $226 S/C Growth $104 S/C Growth $172 S/C Growth $41 S/C Growth $44 STRS Increase $143 STRS Increase $145 STRS Increase $147 STRS Increase $78 PERS Increase $59 PERS Increase $51 PERS Increase $56 PERS Increase $56 Step & Column $143 Step & Column $145 Step & Column $147 Step & Column $150 $248 $587 $253 $270 $- $100 $200 $300 $400 $500 $600 $700 LCFF Growth Revenues Expenditures LCFF Growth Revenues Expenditures LCFF Growth Revenues Expenditures LCFF Growth Revenues Expenditures 2017-18 2018-19 2019-20 2020-21 Special Education Contribution ? Special Education Contribution ? Special Education Contribution ? Special Education Contribution ?

CNUSD Contribution

$67.4M $73.0M $78.7M $83.7M

SLIDE 13

Multi-Year Projections Budget Summary

2018-19 2019-20 2020-21

Adopted Budget First Interim Budget Projected Budget Projected Budget Total Revenues

$582.5M $588.5M $590.8M $603.5M

Total Expenditures

$578.2M $601.4M $607.0M $621.3M

Excess (Deficiency) of Revenues Over Expenditures

$4.3M ($12.9M) ($16.2M) ($17.8M)

Interfund Transfers-In

Interfund Transfers-Out

$0.3M $0.3M $0.3M $0.3M

Net Increase/(Decrease)

$4.0M ($13.3M) ($16.5M) ($18.2M)

Beginning Balance

$69.4M $69.4M $56.1M $39.7M

Ending Balance

$73.4M $56.1M $39.7M $21.5M

2% Contingency Restricted Assigned

$11.6M $12.0M $12.1M $12.4M

*Numbers in millions

SLIDE 14

STRS & PERS Impact

2013-14 2020-21 STRS & PERS Contributions

$27.0M $67.0M

LCFF Funding (Actual)

$325.0M $495.0M

STRS & PERS Increase as a %

f LCFF Funding Increase

23.46%

LCFF Base Grant

$320.0M $452.0M

STRS & PERS Increase as a %

f LCFF Base Grant Increase

30.24%

*Numbers in millions

SLIDE 15

Other Funds

2018-19

Approved Beginning Fund Balance Revenues +/- Expenditures +/- Projected Ending Fund Balance Adult Education Fund

$1.9M $2.8M ($2.9M) $1.8M

Child Development Fund

$0.4M

($0.4M)

Child Nutrition Fund

$2.0M $20.9M ($20.9M) $2.0M

Building Fund

$94.2M $0.1M ($83.2M) $11.1M

Capital Facilities Fund

$0.8M $10.2M ($11.0M)

Self Insurance Fund

$7.9M $5.0M ($3.1M) $9.8M

*Numbers in millions