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
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.
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
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
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
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
Qualified Certification
19/20 plus two more years Deficit spending
Current and subsequent years
Dependency on Fund 17 in 2020/21 and 2021/22
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