Budget 2020-2021 Board Meeting Monday, June 29, 2020 1 Mission - - PowerPoint PPT Presentation

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Budget 2020-2021 Board Meeting Monday, June 29, 2020 1 Mission Statement Banning Unified School District is a diverse community that collaborates to develop responsible, respectful, prepared students to achieve their full potential. Budget

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Budget 2020-2021

Board Meeting Monday, June 29, 2020

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Banning Unified School District is a diverse community that collaborates to develop responsible, respectful, prepared students to achieve their full potential.

Budget 2020-2021

Mission Statement

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Our objective is to increase understanding about Banning Unified School District’s current financial state and to propose next steps and proven strategies that will improve and maintain fiscal viability in the out years for the district.

Budget 2020-2021

Presentation Objective

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The Historical, Current, and Future State of School Finance in California Eric Hall President of Eric Hall & Associates (EH&A)

Budget 2020-2021

Fiscal Update

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Budget 2020-2021

Revenue Assumptions

2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Enrollment 4,469 4,530 4,514 4,592 4,562 4,562 4,562 4,562 P-2 ADA 4,252 4,279 4,264 4,273 4,264 4,264 4,264 4,264 Ratio District ADA to Enrollment 95.14% 94.46% 94.46% 93.06% 93.47% 93.47% 93.47% 93.47% 92.00% 92.50% 93.00% 93.50% 94.00% 94.50% 95.00% 95.50% 4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 STUDENTS

Banning USD Enrollment and Average Daily Attendance (ADA)

Note: (1) There is a difference between enrollment and average daily attendance. Enrollment is the number of students who are slated to attend; average daily attendance or ADA is the state’s calculation that determines how much they will give districts based on the number

f students who actually attend daily. Banning’s ADA is low; therefore, the district loses millions of dollars. (2) Local Control Funding

Formula (LCFF) based on the Governor’s May revision to the state budget reduced funding by 7.92%. This equated to $3.8M for BUSD’s

revenue. Federal revenues will include $1.7M in Cares Act funding

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Notes: Other state revenues include updates to lottery and mandated costs. Other local revenues are updated based upon prior year. Updates and assumptions are all based upon guidance from the Riverside County Office of Education (RCOE).

Budget 2020-2021

Revenue Assumptions (continued)

SCHOOL SERVICES OF CALIFORNIA (SSC)

School District Financial Projection Dartboard Governor's May Revision for 2020–21 (p. 8) Table 2. LCFF GRADE SPAN FACTORS FOR 2020–21

Entitlement Factors Per ADA*

K–3 4–6 7–8 9–12

2019–20 Base Grants $7,702 $7,818 $8,050 $9,329 Statutory COLA at 2.31% $178 $181 $186 $215 2020–21 Base Grants Before Deficit $7,880 $7,999 $8,236 $9,544 Deficit Factor at -10.00%

$788
$800
$824
$954

2020–21 Base Grants After Deficit $7,092 $7,199 $7,412 $8,590 Grade Span Adjustment Factors 10.4%

2.6%

Grade Span Adjustment Amounts $738

$223

2020–21 Adjusted Base Grants1 $7,830 $7,199 $7,412 $8,813

Table 3. LCFF PLANNING FACTORS

Factor 2019–20 2020–21 2021–22 2022–23 2023–24

Department of Finance Statutory COLA 3.26% 2.31% 2.48% 3.26% N/A Effective Deficit Factor2

7.92%
7.92%
7.92%
7.92%

SSC Recommended Funded COLA3

0.00%

0.00% 0.00% 0.00%

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Budget 2020-2021

May Revise

DESCRIPTION OBJECT CODE FY 2020‐21 Current (Base Year) FY 2021‐22 First Projected Year FY 2022‐23 Second Projected Year Unrestricted Restricted Combined Unrestricted Restricted Combined Unrestricted Restricted Combined A Beginning Balance as of July 1 $6,582,616 $1,326,071 $7,908,687 $1,216,174 $2,892,284 $4,108,458 $1,796,769 $862,649 $2,659,419 B 1 2 3 4 Revenues LCFF Sources Federal Revenues Other State Revenues Other Local Revenues 8010‐8099 8100‐8299 8300‐8599 8600‐8799 46,106,423 479,180 841,095 141,686 5,532,521 3,380,717 2,933,351 46,106,423 6,011,701 4,221,812 3,075,037 46,225,425 479,180 841,136 141,686 3,782,415 3,380,732 2,933,351 46,225,425 4,261,595 4,221,868 3,075,037 46,225,425 479,180 841,136 141,686 3,782,415 3,380,732 2,933,351 46,225,425 4,261,595 4,221,868 3,075,037 5 Total Revenues 47,568,384 11,846,589 59,414,973 47,687,427 10,096,498 57,783,925 47,687,427 10,096,498 57,783,925 Beginning Balance & Revenue (A+B5) $54,151,000 $13,172,660 $67,323,660 $48,903,601 $12,988,782 $61,892,383 $49,484,197 $10,959,147 $60,443,344 C Expenditures Certificated Salaries Classified Salaries Employee Benefits Books & Supplies Services, Other Operating Exp Capital Outlay Other Outgo ‐ exclude Direct Sup. Debt Service Direct Support/Indirect Costs CSR Reduction (for info only) 1 1000‐1999 20,037,361 3,993,107 24,030,468 20,337,921 4,053,004 24,390,925 20,642,990 4,113,799 24,756,789 2 2000‐2999 7,415,446 2,174,258 9,589,704 7,526,678 2,317,952 9,844,630 7,639,578 2,241,641 9,881,219 3 3000‐3999 11,739,060 4,902,299 16,641,359 12,030,457 4,990,711 17,021,168 12,856,363 5,184,952 18,041,315 4 4000‐4999 1,372,455 2,113,660 3,486,115 1,396,198 3,900,332 5,296,531 1,425,798 2,232,913 3,658,711 5 5000‐5999 5,767,991 2,696,357 8,464,348 5,867,777 2,905,409 8,773,186 5,992,174 2,804,599 8,796,773 6 6000‐6999 120,312 53,430 173,742 122,393 54,354 176,748 124,988 55,507 180,495 7 7100‐7299 18,000 18,000 18,311 18,311 18,700 18,700 8 7400‐7499 781,466 30,000 811,466 781,466 30,000 811,466 781,466 30,000 811,466 9 7300‐7399 (768,850) 768,850 (782,151) 782,151 (798,733) 798,733 10 1000‐7999 11 Projected Budget Reduction (7,100,000) (7,100,000) (8,350,000) (8,350,000) 12 Total Expenditures: $46,465,241 $16,749,961 $63,215,202 $40,180,740 $19,052,224 $59,232,964 $40,314,625 $17,480,843 $57,795,467 D Interfund Xfers/Other Sources Transfers In Transfers Out Sources Uses Contributions 1 8910‐8929 2 7610‐7629 3 8930‐8979 4 7630‐7699 5 8980‐8999 (6,469,585) 6,469,585 (6,926,092) 6,926,092 (7,378,781) 7,378,781 E Net Increase (Decrease) In Fund Balance ($5,366,442) $1,566,213 ($3,800,229) $580,595 ($2,029,635) ($1,449,039) ($5,978) ($5,564) ($11,542) F Ending Balance $1,216,174 $2,892,284 $4,108,458 $1,796,769 $862,649 $2,659,419 $1,790,791 $857,085 $2,647,876 1 Revolving Cash 9711 10,000 10,000 10,000 10,000 10,000 10,000 2 Stores 97xx 8,100 8,100 8,100 8,100 8,100 8,100 3 Restricted 9740 2,892,284 2,892,284 862,649 862,649 857,085 857,085 4 Stabilization Arrangements 9750 5 Other Commitments 9760 6 Assigned ‐ Other Assignments 9780 7 Reserve for Economic Uncertainties 9789 1,198,074 1,198,074 1,776,989 1,776,989 1,733,864 1,733,864 8 Unassigned/unappropriated Amount 9790 1,680 1,680 38,827 38,827 8 Total Budget Cuts: $0 $0 $0 $0 $0 $0 $0 G Components of Ending Fund Balance Total $1,216,174 $2,892,284 $4,108,458 $1,796,769 $862,649 $2,659,419 $1,790,791 $857,085 $2,647,876 Reserve Percentage Level for this district: FY 2020‐21 ADA Input Sheet (District): 3.00% 4,264.27 3% Calculated Reserve, or $50,000 (greater of the two) Total Reserves 3% Calculated Difference* FY 2020‐21 Bud $1,198,074 $1,896,456 ($698,382) FY 2021‐22 Proj $1,776,989 $1,776,989 $0 FY 2022‐23 Proj $1,733,864 $1,733,864 $0 FY 2021‐22 Unappropiated Amount is: FY 2022‐23 Unappropiated Amount is: Positive Positive

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Budget 2020-2021

State Budget Act

DESCRIPTION OBJECT CODE FY 2020‐21 Current (Base Year) FY 2021‐22 First Projected Year FY 2022‐23 Second Projected Year Unrestricted Restricted Combined Unrestricted Restricted Combined Unrestricted Restricted Combined A Beginning Balance as of July 1 $6,582,616 $1,326,071 $7,908,687 $5,198,471 $2,892,284 $8,090,755 $5,065,533 $868,695 $5,934,229 B 1 2 3 4 Revenues LCFF Sources Federal Revenues Other State Revenues Other Local Revenues 8010‐8099 8100‐8299 8300‐8599 8600‐8799 50,088,720 479,180 841,095 141,686 5,532,521 3,380,717 2,933,351 50,088,720 6,011,701 4,221,812 3,075,037 52,617,938 479,180 841,136 141,686 3,782,415 3,380,732 2,933,351 52,617,938 4,261,595 4,221,868 3,075,037 54,310,285 479,180 841,136 141,686 3,782,415 3,380,732 2,933,351 54,310,285 4,261,595 4,221,868 3,075,037 5 Total Revenues 51,550,681 11,846,589 63,397,270 54,079,940 10,096,498 64,176,438 55,772,287 10,096,498 65,868,785 Beginning Balance & Revenue (A+B5) $58,133,297 $13,172,660 $71,305,957 $59,278,411 $12,988,782 $72,267,193 $60,837,821 $10,965,193 $71,803,014 C Expenditures Certificated Salaries Classified Salaries Employee Benefits Books & Supplies Services, Other Operating Exp Capital Outlay Other Outgo ‐ exclude Direct Sup. Debt Service Direct Support/Indirect Costs CSR Reduction (for info only) 1 1000‐1999 20,037,361 3,993,107 24,030,468 20,337,921 4,053,004 24,390,925 20,642,990 4,113,799 24,756,789 2 2000‐2999 7,415,446 2,174,258 9,589,704 7,526,678 2,317,952 9,844,630 7,639,578 2,241,641 9,881,219 3 3000‐3999 11,739,060 4,902,299 16,641,359 12,030,457 4,990,711 17,021,168 12,856,363 5,184,952 18,041,315 4 4000‐4999 1,372,455 2,113,660 3,486,115 1,396,198 3,900,332 5,296,531 1,425,798 2,232,913 3,658,711 5 5000‐5999 5,767,991 2,696,357 8,464,348 5,867,777 2,905,409 8,773,186 5,992,174 2,804,599 8,796,773 6 6000‐6999 120,312 53,430 173,742 122,393 54,354 176,748 124,988 55,507 180,495 7 7100‐7299 18,000 18,000 18,311 18,311 18,700 18,700 8 7400‐7499 781,466 30,000 811,466 781,466 30,000 811,466 781,466 30,000 811,466 9 7300‐7399 (768,850) 768,850 (782,151) 782,151 (798,733) 798,733 10 1000‐7999 11 Projected Budget Reduction 12 Total Expenditures: $46,465,241 $16,749,961 $63,215,202 $47,280,740 $19,052,224 $66,332,964 $48,664,625 $17,480,843 $66,145,467 D Interfund Xfers/Other Sources Transfers In Transfers Out Sources Uses Contributions 1 8910‐8929 2 7610‐7629 3 8930‐8979 4 7630‐7699 5 8980‐8999 (6,469,585) 6,469,585 (6,932,138) 6,932,138 (7,384,345) 7,384,345 E Net Increase (Decrease) In Fund Balance ($1,384,145) $1,566,213 $182,068 ($132,938) ($2,023,589) ($2,156,526) ($276,682) $0 ($276,682) F Ending Balance $5,198,471 $2,892,284 $8,090,755 $5,065,533 $868,695 $5,934,229 $4,788,851 $868,695 $5,657,546 1 Revolving Cash 9711 10,000 10,000 10,000 10,000 10,000 10,000 2 Stores 97xx 8,100 8,100 8,100 8,100 8,100 8,100 3 Restricted 9740 2,892,284 2,892,284 868,695 868,695 868,695 868,695 4 Stabilization Arrangements 9750 5 Assigned ‐ S & C allocation 9780 2,335,687 2,335,687 2,062,450 2,062,450 1,794,205 1,794,205 6 Assigned ‐ additional 1.5% reserve 9780 948,228 948,228 994,994 994,994 992,182 992,182 7 Reserve for Economic Uncertainties ‐ 3% 9789 1,896,456 1,896,456 1,989,989 1,989,989 1,984,364 1,984,364 8 Unassigned/unappropriated Amount 9790 G Components of Ending Fund Balance Total $5,198,471 $2,892,284 $8,090,755 $5,065,533 $868,695 $5,934,229 $4,788,851 $868,695 $5,657,546 Reserve Percentage Level for this district: FY 2020‐21 ADA Input Sheet (District): 3.00% 4,264.27 3% Calculated Reserve, or $50,000 (greater of the two) Total Reserves 3% Calculated Difference* FY 2020‐21 Bud $1,896,456 $1,896,456 $0 FY 2021‐22 Proj $1,989,989 $1,989,989 $0 FY 2022‐23 Proj $1,984,364 $1,984,364 $0 FY 2021‐22 Unappropiated Amount is: FY 2022‐23 Unappropiated Amount is: Positive Positive

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Books and Supplies
Services and Other Operating Expenditures
Capital Outlay
Other Outgoing / Plus Indirect Costs
Staffing accounts for 80%+ of the budget
All assumptions included increases in step and

column for all staff on the salary scale (see p. 15)

Note: Assumptions were simply based on current and past programmatic practices. There’s a 45-day period where changes can be made. Staffing includes certificated, classified, management, and employee benefits.

Budget 2020-2021

Expenditure Assumptions

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Review and approve BUSD’s FY21 Budget
Collaborate with the community and staff to develop

targeted budget committees, a revised 45-day budget, and a stabilization plan. Engage the community in the budget history and enrollment projections.

Track and manage cash flow to ensure mitigation of state

deferrals

Apply for Federal ESSER funds
Align all spending with the new districtwide goals and

indicators

Budget 2020-2021

Next Steps

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Budget 2020-2021 11