Amador County Unified School District 2020-21 Annual Budget - PDF document

6/24/2020 Amador County Unified School District 2020-21 Annual Budget Adoption June 24, 2020 Jared Critchfield Assistant Superintendent, Business Services • Business office – Budget development and monitoring, accounting, payroll, purchasing, cash handling, facilities, etc. • External Audit – Annual audit report is presented each January • Board of Trustees – Budget review and approval process – Certification for each interim report • Fiscal Crisis and Management Assistance Team (FCMAT) – Multi-year Projections and Fiscal Health Risk Analysis studies complete with the reports posted on the website • California Department of Education (CDE) – Fiscal oversight including approval of annual budget adoption Budget Monitoring and Accountability 1

6/24/2020 2019-20 Estimated Actuals 2020-21 Budget Federal, State, Federal, State, $1,324,218 , $2,626,989 , $1,774,954 , $3,399,455 , 3% 6% 4% 9% Local, Local , $694,785 , 2% $816,295 , 2% Federal Federal State State Local Local LCFF LCFF LCFF, LCFF, $34,544,475 , $38,578,659 , 85% 89% Revenue Components Comparison 2019-20 Estimated Actuals 2020-21 Budget Services & Other Outgo, Other $2,324,127 , Other Outgo, Operating , 6% 5996528, 14% $5,315,616 , Service & 13% Other Certificated Certificated Operating, Salaries Salaries Certificated $4,343,675 , Salaries, Certificated Classified Salaries Classified 10% Salaries, Salaries $15,747,901 , Books and 37% $17,258,114 , Employee Employee Supplies, 43% Benefits Benefits $1,935,354 , Books and Books and 5% Supplies Supplies Books and Service & Other Services & Supplies, Operating Other Operating $2,734,790 , Employee 6% Other Outgo Other Outgo Benefits, Classified Employee $8,616,857 , Salaries, Benefits, Classified 21% $5,004,737 , $9,092,829 , Salaries, 12% 21% $4,948,383 , 12% Operating Expenditure Components Comparison 2

6/24/2020 Multi-year Projection 2020-21 2021-22 2022-23 Revenue $40,535,179 $40,700,843 $40,029,399 Expenditures $40,398,451 $40,552,380 $40,696,486 Ending Fund Balance $2,652,940 $2,801,403 $2,134,316 Reserve for Economic Uncertainties $1,957,629 $2,087,441 $1,619,588 Reserve Percentage 4.85% 5.15% 3.98% Reserve Requirement (3%) $1,211,954 $1,216,571 $1,220,895 - The District is expected to meet the state reserve requirement at the end of the fiscal year 2020-21 with a projected decrease to reserves in 2022-23 - This projection includes the financial impact of the Special Education transfer - These are current projections with a multitude of factors that could change the outlook for the coming years including changes to the current budget from the state legislature District 3-year Outlook General Fund Year by Year Comparison $4,500,000 $4,000,000 $3,500,000 $716,377 $1,382,535 $3,000,000 $513,963 $2,500,000 $495,312 $539,088 $200,000 $200,000 $2,000,000 $1,950,039 $408,739 $200,000 $514,729 $1,645,369 $1,005,005 $1,134,896 $0 $1,500,000 $651,769 $2,087,441 $1,000,000 $1,957,629 $1,777,125 $1,619,588 $893,385 $1,155,007 $500,000 $1,005,661 $1,051,152 $1,046,943 $859,808 $141,470 $0 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Projected Projected Projected Economic Uncertainties General Reserve Designated ACUSD Ending Fund Balance 3

6/24/2020 • Continued fiscal discipline and right-sizing to ensure the district does not re-enter a cycle of deficit spending • Special Education transfer impacts to budget will be closely monitored • Budget impacts due to the COVID19 Pandemic will continue to be closely monitored • Continued high levels of engagement from the board in fiscal matters • Potential 45-day Budget Revision for board approval Moving forward 4