Board of Trustees: Presented by: Ivery Hood , President Pam Conklin, - - PowerPoint PPT Presentation

board of trustees presented by ivery hood president pam
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Board of Trustees: Presented by: Ivery Hood , President Pam Conklin, - - PowerPoint PPT Presentation

Board of Trustees: Presented by: Ivery Hood , President Pam Conklin, Superintendent Russ Barrington , Vice President Trudy Barrington, Director Janet Jackson Forbes , Clerk Riitta DeAnda , Member March 2020 Adrian Saiz , Member The Board and


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Presented by: Pam Conklin, Superintendent Trudy Barrington, Director March 2020

2751 De Ronde Drive Fairfield, CA 94533

Reaching beyond the boundaries to build a community of learners.

Board of Trustees: Ivery Hood, President Russ Barrington, Vice President Janet Jackson Forbes, Clerk Riitta DeAnda, Member Adrian Saiz, Member

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

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2019-2020 Second Interim

 Reflects the Financial Condition of the district as of

January 31, 2020

 Board of Education required to approve by March 15th  Projected Financial Condition is Qualified

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2019-2020 Second Interim

  • Changes to the Budget Since First Interim:
  • Current Labor Offer of 2% effective July 1, 2019
  • Impact on Ending Fund Balance
  • Updated revenues to known allocation factors
  • Decrease in enrollment by 40
  • CBEDS day (10/2/2019) @ 5,455
  • Adopted budget @ 5,495
  • Reviewed position control
  • Salary changes
  • Vacancies (Contracts due to vacancies)
  • Review actual expenditures from prior year to current year
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2019-2020 Second Interim

 Revenues

 LCFF revised for enrollment/ADA  Federal

 Impact Aid, Title I/II/III/IV, DoDEA

grants

 Adjusted for actual awards

 Other State & Local

 Lottery, Workability, Special Ed

 Adjusted for actual awards and

updated funding models

 Fees

 Budgeted as received (cash basis)

LCFF Base Grant LCFF Supplemental Grant Federal Revenues Other State & Local Revenues Total Current Year Revenues Revenues LCFF/State Aid/Property Tax 49,249,285 79.58% Federal Revenues 5,844,008 9.44% Other State Revenues 4,616,278 7.46% Other Local Revenues 2,173,514 3.51% Total Revenues 61,883,085

Second Interim Budget 2019-20

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2019-2020 Second Interim

 Expenditures

 Salary & Benefits

Adjustments to actual salary placement and vacancies  Special Education Costs

Increased due to increased enrollment and non-public school placements  Insurance  Utilities  Multi-Year Projections

Step/Column increases 2.0%

COLA adjusted to Governor's Budget

Special Education Budget

CPI for many operating expenditures

Salaries & Benefits Utilities & Services Supplies Debt & Other Capital Outlay Salaries & Benefits Utilities & Services Supplies Debt & Other Capital Outlay

Second Interim First Interim

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General Fund Budget Summary

Unrestricted & Restricted

2019-20 First Interim Budget 2019-20 Second Interim Budget Beginning Fund Balance $9,299,426 $9,299,426 Revenues and Transfers $61,652,460 $61,883,085 Total Revenues $70,951,886 $71,182,511 Salary Expenditures $51,021,958 $50,671,312 Non-Salary Expenditures $13,736,918 $14,289,159 Total Expenditures $64,758,876 $64,960,471 Ending Fund Balance $6,193,010 $6,222,040 Commitments/Assignments $4,250,244 $4,273,226 Reserve for Economic Uncertainties $1,942,766 $1,948,814

As of January 2020, Source SACS Form 01I

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Ending Fund Balance Detail

Unrestricted:

Revolving Cash 50,000.00 Stores 48,114.37 3% - Economic Uncertainties 1,948,814.13 TUTA Catastrophic Leave 20,000.00 Compensated Absences 373,624.05 Reserve for Textbook Adoption 171,535.64 Reserve for Current Labor Offer 895,414.00 Reserve for Sustainability 1,238,128.47 4,745,630.66

General Fund (01): $ 6,222,040.41 Restricted balance $ 1,476,409.75 Unrestricted balance $ 4,745,630.66

Restricted:

Lottery 333,667.03 Special Ed: Mental Health 280,000.00 Classified Employee PD Grant 28,623.42 Low-Performing Students Block Grant 294,321.00 Routine Restricted Maintenance 302,509.62 Other Restricted Local 237,288.68 1,476,409.75

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Multiyear Projections

  • District’s Current Labor Offer: 2% effective July 1, 2019
  • Increase Average Daily Attendance (ADA)
  • 20 for each year: 2020/21 & 2021/22
  • Increase LCFF by projected COLA only
  • 20/21 @ 2.29% and 21/22 @ 2.71%
  • Removed one-time discretionary funds
  • STRS/PERS figures
  • 20/21 @ 18.40% / 22.80%
  • 21/22 @ 18.10% / 24.90%
  • Use Fund 17 to balance the budget in 2020/21 and 2021/22
  • 3% required Economic Uncertainties Reserve
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Multiyear Projections

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2019-2020 Second Interim

 Conclusion

 Qualified Certification

 19/20 plus two more years  Deficit spending

 Current and subsequent years

 Dependency on Fund 17 in 2020/21 and 2021/22

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June Adopt Budget June Adopt Budget July-Sept Close Books July-Sept Close Books August Enrollment Verification August Enrollment Verification August/Sept. SCOE Budget Certification August/Sept. SCOE Budget Certification Sept-Nov Audit Closing Sept-Nov Audit Closing December First Interim December First Interim January 1st Period Attendance January 1st Period Attendance March Second Interim March Second Interim April Second Period Attendance April Second Period Attendance April/May Preliminary Enrollment April/May Preliminary Enrollment Jan-May Budget Development Jan-May Budget Development June Public Hearing

2019-2020 Budget Cycle

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Thank You!

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