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

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Revenue Components Comparison

Federal, $1,324,218 , 3% State, $2,626,989 , 6% Local, $694,785 , 2% LCFF, $38,578,659 , 89%

2019-20 Estimated Actuals

Federal State Local LCFF

Federal, $1,774,954 , 4% State, $3,399,455 , 9% Local , $816,295 , 2% LCFF, $34,544,475 , 85%

2020-21 Budget

Federal State Local LCFF

Operating Expenditure Components Comparison

Certificated Salaries, $15,747,901 , 37% Classified Salaries, $5,004,737 , 12% Employee Benefits, $9,092,829 , 21% Books and Supplies, $2,734,790 , 6% Service & Other Operating, $4,343,675 , 10% Other Outgo, 5996528, 14%

2019-20 Estimated Actuals

Certificated Salaries Classified Salaries Employee Benefits Books and Supplies Service & Other Operating Other Outgo

Certificated Salaries, $17,258,114 , 43% Classified Salaries, $4,948,383 , 12% Employee Benefits, $8,616,857 , 21% Books and Supplies, $1,935,354 , 5% Services & Other Operating , $5,315,616 , 13% Other Outgo, $2,324,127 , 6%

2020-21 Budget

Certificated Salaries Classified Salaries Employee Benefits Books and Supplies Services & Other Operating Other Outgo

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District 3-year Outlook

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

ACUSD Ending Fund Balance

$859,808 $1,005,661 $1,051,152 $1,046,943 $141,470 $1,155,007 $1,777,125 $1,957,629 $2,087,441 $1,619,588 $1,645,369 $651,769 $1,950,039 $200,000 $200,000 $200,000 $0 $1,382,535 $408,739 $716,377 $1,134,896 $893,385 $1,005,005 $539,088 $495,312 $513,963 $514,729 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23

General Fund Year by Year Comparison

Economic Uncertainties General Reserve Designated Projected Projected Projected

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• 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

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