Board of Trustees: Ivery Hood, President Russ Barrington, Vice - PowerPoint PPT Presentation

Board of Trustees: Ivery Hood, President Russ Barrington, Vice President Presented by: Janet Jackson Forbes, Clerk Riitta DeAnda, Member Pam Conklin, Superintendent Adrian Saiz, Member Trudy Barrington, Director February 2020 The Board and staff thank our students for their artwork contributions to this publication. 2751 De Ronde Drive Reaching beyond the boundaries to build a community of learners. Fairfield, CA 94533

Overview of Economy • Economy and Revenues Strong • Recession recovery in 11 th year • Economy is slowing though • Federal stimulus has faded • Interest rates remain low

Governor’s Budget • New initiatives outside of education: • Green Technology, Housing, Homelessness • No new facilities dollars • Continues the “Rainy Day Fund”

LCFF Revenues - COLA Only

LCFF Revenues Factors

Special Education Funding • Governor proposes an increase in State funding and a revision to the current funding model • Still being discussed by legislators – watch for now • Additional funding would help offset increased general fund contribution • TUSD special education enrollment increasing, while overall district enrollment decreasing • SPED: 656 = 12% • Total District: 5,455 * Enrollment as of CBEDS day 10/2/19

Additional Challenges to the Budget

Multiyear Projections

Multiyear Projections

Multiyear Projections

Multiyear Projections UPDATE to 1 st Interim Multiyear Projections to be presented at 2 nd Interim • Declining enrollment for 19-20, with a projected increase for 20-21 • Increase LCFF by revised COLA for 20-21 • Include value of current labor negotiations offer • District will certify as Qualified • Use Fund 17 balance for out year expenditures • Maintain 3% required Economic Uncertainties Reserve • Current (19-20) plus Year 1 (20-21), but not Year 2 (21-22)

What is Next?

Thank You! The Board and staff thank our students for their artwork contributions to this publication.