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Adopted LCAP & Budget (2019-20)
Unaudited Actual Results for 2018-19
1st Interim Financial Report
Governor’s Budget Proposal
2nd Interim Financial Report
Preliminary LCAP/Budget
May Revise
Adopt LCAP & Budget (2020-21)
Budget Update: Unaudited Actual Results for 2018-19 Marysville - - PowerPoint PPT Presentation
Budget Update: Unaudited Actual Results for 2018-19 Marysville - - PowerPoint PPT Presentation
Budget Update: Unaudited Actual Results for 2018-19 Marysville Joint Unified School District September 10, 2019 July We Are Adopted Here! LCAP & Budget (2019-20) Adopt Unaudited LCAP & June Actual September Budget Results
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$million 2018-19 Estimated Actuals 2018-19 Unaudited Actuals Variance Beginning Balance
$ 33.8 $ 33.8 $ 0.0
REVENUES LCFF Sources
$ 100.9 $100.3 ($0.6)
Federal Revenue
9.1 7.4 (1.7)
State Revenue
11.6 11.2 (0.4)
Local Revenue
4.6 4.9 0.3
Total Revenue
$126.2 $123.8 ($2.4)
EXPENDITURES Certificated Salaries
$ 45.1 $ 45.1 $ 0.0
Classified Salaries
18.6 19.5 1.0
Benefits
27.7 27.4 (0.4)
Books and Supplies
9.7 6.0 (3.7)
Other Services & Oper. Expenses
15.7 13.0 (2.7)
Capital Outlay
5.2 3.4 (1.8)
Other Outgo 7xxx
7.5 8.6 1.1
Total Expenditures*
$129.5 $123.0 ($ 6.5)
Excess / (Deficiency)
($ 3.3) $ 0.8 $ 4.1
Ending Balance
$ 30.5 $ 34.6 $ 4.1
Total Unrestricted and Restricted
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Certificated Salaries 37% Classified Salaries 16% Benefits 22% Books and Supplies 5% Other Services & Oper. Expenses 10% Capital Outlay 3% Other Outgo 7xxx 7%
2018-19 Unaudited Actuals Expenditures
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Unrestricted - $2.4 million
- Carryover for Targeted Allocations: (0003 & 0004 Resources):
$1,000,000
- One-Time Projects that are in progress (yet to be completed):
$1,200,000
- Site Discretionary (Lottery): $800,000
- 2018-19 Cost of 2% Retro and 2% One-Time Off Schedule Payment:
($900,000)
- Revenue Projections: ($400,000)
- Contributions to RRMA & Special Education Savings: $700,000
Restricted - $1.6 million
- Classified Employee Professional Develop: $70,000
- State SB70 Mental Health: $300,000
- Prop. 20 Instructional Materials: $500,000
- Title IV Student Enrichment Program: $325,000
- Miscellaneous Local Revenue (TUPE & MAA): $80,000
- Site Donations and Local Grants: $325,000
The $4.1m Total Variance
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2018-19 Unaudited Actuals
Audit Adjustment (OPEB Savings) $ 2,715,549 Revolving Cash 30,000 Stores 230,616 Restricted Balances: 4,415,947 Classified Employees Prof Develop 69,921 Lottery Instructional Materials 2,422,844 Low Performing Students Block Grant 323,679 Medi-Cal Billing 404,691 SB70 State Ed Services Mental Health 693,495 Medi-Cal Grants 194,387 Site Donations and Other Local Grants 303,957 Homeless Children & Youth Yuba 2,973 Reserve for Economic Uncertainty (3.0%) 3,733,467 Other Assignments: 6,401,605 Targeted Allocation $ 1,523,910 Facilities Projects 4,295,205 Site Discretionary Carryover 582,490 Unassigned/Unappropriated 17,055,545 Total Ending General Fund Balance 6/30/19 $34,582,729
Total Ending General Fund Balance June 30, 2019
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General Fund Ending Fund Balance History
In Millions ($)
$11.3 $11.0 $13.2 $14.5 $23.6 29.0 $31.1 $34.6 $5.9 $5.4 $5.0 $5.6 $12.0 $14.5 $15.4 $17.1
$0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 $40.0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Total Unassigned/Unappropriated
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- VARIANCE = $4.1 TOTAL
– Most of this money is earmarked (carried over) for spending in 2019-20 ($2.4 Million Unrestricted; $1.6 Million w/ Restricted)
- Current 2019-20 Adopted Budget reflects deficit spending
- Future forecast less optimistic
– LCFF fully funded – No new money – Uncertain economy – Added reserve largely due to one-time monies and carryover allocations – Additional PERS / STRS rates: – Certificates of Participation (COPS) payments of $2.8M due to begin in 2023
– Anticipated greater Special Education Costs
Conclusions
2019-20 2020-21 2021-22 2022-23 CalPERS 19.71% 23.60% 24.90% 25.70% CALSTRS 18.13% 19.10% 19.10% 20.25% max.
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Adopted LCAP & Budget (2019-20)
Unaudited Actual Results for 2018-19
1st Interim Financial Report
Governor’s Budget Proposal
2nd Interim Financial Report
Preliminary LCAP/Budget
May Revise
Adopt LCAP & Budget (2020-21)
June December January March May April July September
LCAP
We Are Here!
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