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 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

2019-2020 Second Interim  Reflects the Financial Condition of the district as of January 31, 2020  Board of Education required to approve by March 15 th  Projected Financial Condition is Qualified

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

2019-2020 Second Interim  Revenues  LCFF revised for enrollment/ADA  Federal  Impact Aid, Title I/II/III/IV, DoDEA grants Second Interim Budget  Adjusted for actual awards 2019-20 Revenues LCFF/State Aid/Property Tax 49,249,285 79.58%  Other State & Local Federal Revenues 5,844,008 9.44%  Lottery, Workability, Special Ed Other State Revenues 4,616,278 7.46%  Adjusted for actual awards and Other Local Revenues 2,173,514 3.51% updated funding models Total Revenues 61,883,085  Fees  Budgeted as received (cash basis) LCFF Other State & LCFF Base Federal Total Current Supplemental Local Grant Revenues Year Revenues Grant Revenues

2019-2020 Second Interim Second Interim  Expenditures  Salary & Benefits Adjustments to actual salary placement  and vacancies  Special Education Costs Salaries & Benefits Increased due to increased enrollment and  Utilities & Services non-public school placements  Insurance Supplies  Utilities Debt & Other First Capital Outlay Interim  Multi-Year Projections Step/Column increases 2.0%  COLA adjusted to Governor's Budget  Salaries & Benefits Special Education Budget  CPI for many operating expenditures  Utilities & Services Supplies Debt & Other Capital Outlay

General Fund Budget Summary Unrestricted & Restricted 2019-20 2019-20 First Interim Second Interim Budget 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

Ending Fund Balance Detail 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 Unrestricted: Low-Performing Students Block Grant 294,321.00 Revolving Cash 50,000.00 Routine Restricted Maintenance 302,509.62 Stores 48,114.37 Other Restricted Local 237,288.68 3% - Economic Uncertainties 1,948,814.13 1,476,409.75 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

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

Multiyear Projections

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

2019-2020 Budget Cycle June June Adopt Budget Adopt Budget June July-Sept July-Sept Public Hearing Close Books Close Books Jan-May Jan-May August August Budget Budget Enrollment Enrollment Development Development Verification Verification April/May April/May August/Sept. August/Sept. Preliminary Preliminary SCOE Budget SCOE Budget Enrollment Enrollment Certification Certification April April Sept-Nov Sept-Nov Second Period Second Period Audit Audit Attendance Attendance Closing Closing March March December December First First Second Second January January Interim Interim Interim Interim 1 st Period 1 st Period Attendance Attendance

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