FREMONT UNIFIED S C H O O L D I S T R I C T PRELIMINARY BUDGET - - PowerPoint PPT Presentation
FREMONT UNIFIED S C H O O L D I S T R I C T PRELIMINARY BUDGET REPORT 2020-21 Division of Business Services June 3, 2020 1 Overview Education Code Section 42127 (a) states that: On or before July 1 of each year, the Governing Board of
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On or before July 1 of each year, the Governing Board of each school district shall accomplish the following: – Hold a public hearing on the budget to be adopted for the subsequent fiscal year – Adopt the budget – File the budget with the County Superintendent of Schools
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Adopted Budget First Interim Budget Second Interim Budget Estimated Actual
(a) (b) (c ) (d) Revenues $386.3 $391.4 $388.6 $390.0 Less: Expenditures 389.9 417.3 416.0 415.8 = Surplus/(Deficit) ($3.6) ($25.9) ($27.4) ($25.8) Add: Beginning Fund Balance 20.7 36.6 36.6 36.6 =Ending Fund Balance $17.1 $10.5 $9.1 $10.8 Less: Designations 4.0 2.0 0.8 0.7 =Reserve ($) $13.1 $8.6 $8.4 $10.0 =Reserve (%) 3.35% 2.05% 2.01% 2.41%
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Unrestricted General Fund Restricted General Fund Total General Fund
(a) (b) (c=a + b) Revenues $331.1 $58.9 $390.0 Add: Contributions (64.9) 64.9 Less: Expenditures 278.7 137.0 415.8 = Surplus/(Deficit) ($12.5) ($13.2) ($25.8) Add: Beginning Fund Balance 23.0 13.5 36.6 =Ending Fund Balance $10.5 $0.3 $10.8 Less: Designations 0.5 0.3 0.7 =Reserve ($) $10.0 $0 $10.0 =Reserve (%) 2.41% 0.00% 2.41%
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Item January Budget May Revision
2020-21 LCFF Funding Change +$1.2 billion [-$6.5 billion] Proposition 98 Minimum Guarantee 2019-20 2020-21 $81.6 billion $84.0 billion $77.4 billion $70.5 billion 2020-21 2020-21 2022-23 Statutory COLA 2.29% 2.48% 3.26% 2.31% Suspended (-7.92%) 2.48% Suspended (-7.92%) 3.26% Suspended (-7.92%) One-time Discretionary $0 $0
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Item January Budget May Revision
Employer Contribution – CalSTRS 2020-21 2021-22 CalPERS 2020-21 2021-22 18.4% 18.2% 22.68% 24.6% 16.15% 16.02% 20.7% 22.84% Special Education (Base Rate) $557.27 per ADA $645.00 per ADA Special Education – Early Intervention Preschool (One-time) $2.2 Million $0 CARES Act: Learning Loss Mitigation
Relief (ESSER) Funds $0 $0 $4.4 billion (FUSD - $2.0 million at $1,900 per ADA for students with disabilities) $1.65 billion (FUSD $1.8 million)
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(Net Change to Multi-Year Revenue) Item Revenue (increase) Revenue (decrease)
COLA - Ongoing $31.9 CalPERS (fiscal year 2020-21 & 2021-22 only) $2.3 CalSTRS (fiscal year 2020-21 & 2021-22 only) $8.5 Special Education - Ongoing $3.0 Elementary and Secondary School Emergency Relief Fund (ESSER) (One-time) $1.8 Learning Loss Mitigation (One-time) $2.0
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(as of May Revision)
– Enrollment 34,989 based on projections from Davis Demographics. – Average Daily Attendance (ADA) is 33,901 or 96.89% – Statutory Cost of Living Adjustment (COLA) 2.31% – Deficit Factor 10.00% – Effective Deficit Factor -7.92% – Unduplicated count of students eligible for Supplemental Grant is 27.14%
– Ongoing federal revenues remain flat for now. – One-time revenues expected, but not included.
– Lottery fund is projected at $207 per student – COLA for Special Education Program is 0% – AB 602 expected to be replaced with a new legislative model – Mandated Cost Block Grant is $1.4 million
– Local donations are included based on historical trend and commitments from donors – Parcel Tax (Measure I) is projected at $4.3 million
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class sizes/ratio – Grades TK- K 24:1 – Grade 1-3 28:1 – Grade 4-6 30:1 – Grade 7-12 27.5:1
(inclusive of statutory benefits)
– Contribution to STRS is 16.15%, 0.95% less than current year – Contribution to PERS is 20.70%, 0.979% more current year
– Special Education budget deficit is $56.7 million – Funded from 80% to 100% of projected cost
(represents a decline of 1.5 million from FY 19-20)
(Dependent on Board Direction on the Opening of Bringhurst)
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Estimated Actual 2019-20 Preliminary Budget 2020-21
Revenues $390.0 $360.9 Less: Expenditures 415.8 394.0 = Surplus/(Deficit) ($25.8) ($33.1) Add: Beginning Fund Balance 36.6 10.8 = Ending Fund Balance $10.8 ($22.3) Less: Designations 0.7 2.4 = Reserve ($) $10.0 ($24.7) = Reserve (%) 2.41%
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Unrestricted General Fund Restricted General Fund Total General Fund
(a) (b) (c = a + b) Revenues $303.6 $57.3 $360.9 Less: Expenditures 266.1 127.9 394.0 Contribution* (70.5) 70.5 0.0 = Surplus/(Deficit) ($32.9) ($0.2) ($33.1) Add: Beginning Fund Balance 10.5 0.3 10.8 = Ending Fund Balance ($22.4) $0.1 ($22.3) Less: Designations 2.3 0.1 2.4 = Reserve ($) ($24.7) $0 ($24.7) = Reserve (%)
0.00%
*Contribution to Special Education Program is $56.7 million and Routine Restricted Maintenance is $13.5 million
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(Revenue Assumptions For 2021-22 and 2022-23)
– Enrollment is projected at 34,889 for 2021-22 and 34,611 for 2022-23 – ADA is projected at 33,804 for 2021-22 and 33,552 and 2022-23 – Unduplicated count of eligible students is projected at 26.91% for 2021-22 and 27.02% for 2022-23 – COLA is projected at 2.48% for 2021-22 and 3.26% for 2022-23
years.
now
– 0.00% COLA projected for the next two – No projection for one-time discretionary funds
– Local donations are included based on historical trend and commitments from donors – Parcel Tax (Measure I) is projected at $4.3 million
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as in 2020-21
– STRS contribution rate decreased by 0.13% in 2021-22 and increased by 2.08% in 2022-23 – PERS contribution rate increase by 2.14% in 2021-22 and 2.66% in 2022-23
million each year
100% - Est. $6.5 Mil. Increase per year
$14.4 million
Opening of Bringhurst- Support staff for Bringhurst Elementary School
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(without Reductions) (in millions)
Estimated Actual 2019-20 Preliminary Budget 2020-21 Projected Budget 2021-22 Projected Budget 2022-23 Revenues $390.0 $360.9 $359.7 $358.9 Less: Expenditures 415.8 394.0 402.1 410.0 Revenue Enhancements or Expenditure Reductions (0) (0) (0) Surplus/(Deficit) ($25.8) ($33.1) ($42.4) ($51.1) Beginning Fund Balance 36.6 10.8 (22.3) (64.7) Ending Fund Balance $10.8 ($22.3) ($64.7) ($115.8) Less: Designations 0.7 2.4 2.3 2.3 Reserve ($) $10.0 ($24.7) ($67.0) ($118.1) Reserve (%) 2.41%
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(with Reductions) (in millions)
Estimated Actual 2019-20 Preliminary Budget 2020-21 Projected Budget 2021-22 Projected Budget 2022-23 Revenues $390.0 $360.9 $359.7 $358.9 Less: Expenditures 415.8 394.0 402.1 410.0 Revenue Enhancements or Expenditure Reductions (35.5) (42.4) (51.1) Surplus/(Deficit) ($25.8) $2.3 $0 $0 Beginning Fund Balance 36.6 10.8 13.1 13.1 Ending Fund Balance $10.8 $13.1 $13.1 $13.1 Less: Designations 0.7 2.3 2.3 2.3 Reserve ($) $10.0 $10.8 $10.8 $10.8 Reserve (%) 2.41% 3.0% 3.0% 3.0%
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Beginning Balance Revenues Expenditures Ending Balance Special Education Pass-Through (Fund 10) $0 $13.8 $13.8 $0 Adult Education (Fund 11) [1] $1.7 $4.8 $4.8 $1.7 Child Development (Fund 12) $0 $1.7 $1.7 $0 Cafeteria (Fund 13) $0.1 $7.2[2] $7.2 $0.1 Building Fund-Measure E (Fund 21) $95.6 $130.2 $225.8 $0 Capital Facilities Fund- Developer Fee (Fund 25) $27.1 $3.5 $9.1 $21.7 Special Reserve for Capital Outlay- Sale of Site (Fund 40) $8.6 $0.4 $7.3 $1.7 Bond Interest & Redemption (Fund 51) $34.3 $41.9 $46.8 $29.4
[1] Adult Education program is projecting a $452,000 revenue shortfall and plan to use the fund balance to cover it. [2] Includes $1.0 million contribution from the General Fund
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Meeting providing for Budget Reductions totaling $35.5 million beginning in FY 2020-21 to balance the district’s budget and provide for a 3% reserve beginning in FY 2020-21
response to the great recession and discuss and consider other options.
process for engagement and decision-making in regard to planned reductions
taken in FY 2020-21 to minimize draconian cuts to the district’s budget
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