RIM OF THE WORLD UNIFIED SCHOOL DISTRICT RE PORT OF E NROL L - PowerPoint PPT Presentation

RIM OF THE WORLD UNIFIED SCHOOL DISTRICT RE PORT OF E NROL L ME NT AND F I RST I NT E RI M F I NANCI AL POSI T I ON 1

Purpo se o f Re po rt - Re vie w da ta re la te d to : 2  E nro llme nt  Must b e a ppro ve d  Atte nda nc e b y the Go ve rning Bo a rd b y  F De c e mb e r 15, ina nc ia l a c tivity c e rtifying the  July 1, 2019 – Oc to b e r 31, F ina nc ia l po sitio n to the Co unty 2019 Offic e o f E duc a tio n pe r  Va rio us fina nc ia l a ssumptio ns E duc a tio n Co de : 42130, 42131(a )1  Multi–Ye a r Pro je c tio ns  Re vise d Budg e t Upda te

T he re a re thre e type s o f Ce rtific a tio n: 3  POSI T I VE :  Rim o f the Wo rld  A Distric t will me e t its fina nc ia l Unifie d Sc ho o l o b lig a tio ns fo r the c urre nt fisc a l ye a r Distric t is a nd sub se q ue nt two fisc a l ye a rs sub mitting a Po sitive  QUAL I F I E D: Ce rtific a tio n.  A Distric t ma y no t me e t its fina nc ia l o b lig a tio ns fo r the c urre nt fisc a l ye a r a nd sub se q ue nt two fisc a l ye a rs  NE GAT I VE :  A Distric t will b e una b le to me e t its fina nc ia l o b lig a tio ns fo r re ma inde r o f the c urre nt fisc a l ye a r o r a nd sub se q ue nt fisc a l ye a r

 L CF F – L o c a l Co ntro l F unding F o rmula  ADA – Ave ra g e Da ily Atte nda nc e  UPP – Unduplic a te d Pupil Pe rc e nta g e  MYP – Multi-ye a r pro je c tio ns Ac ro nyms  MPP – L CAP Pe rc e nta g e to Inc re a se o r Impro ve Se rvic e s  CBE DS – Ca lifo rnia Ba sic E duc a tio na l Da ta Syste m 4

DIST RICT Goa l VI: Budg e t, Infra struc ture , a nd Re sourc e s: T he Distric t prio ritize s a nd a llo c a te s re so urc e s e ffe c tive ly to suppo rt a ll g o a ls while ma inta ining fisc a l re spo nsib ility a nd 5 b uilding susta ina b ility.

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L o c a l Co ntro l F unding F o rmula (L CF F ) 8  Go ve rno r Bro wn pro po se d a n 8 ye a r funding mo de l  F ull imple me nta tio n wa s pla nne d b y 2020-21. F ull imple me nta tio n is no w e ffe c tive in the 2018-19 fisc a l ye a r. T he g o a l wa s to b ring distric ts to 2007-08 funding le ve ls  T his do e s no t fund inc re a se s in o pe ra ting c o sts o ut o f the c o ntro l o f sc ho o l distric ts i.e .: ST RS a nd PE RS inc re a se s  L CF F is a n a llo c a tio n me tho d to distrib ute funds to sc ho o l distric ts.  T he a llo c a tio n o f to ta l L CF F do lla rs a re c o mprise d o f:  A sc ho o l Distric ts ADA  T he pe rc e nt o f stude nts ide ntifie d a s UPP (L o w I nc o me , F o ste r Yo uth, Ho me le ss a nd E ng lish le a rne r)  Gra de Spa n a djustme nt funds fo r stude nts in T K -3 a nd 9-12  L CF F MPP – Curre nt ye a r MPP - 12.14%

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Rim of the World USD - CBEDS Enrollment 12 4,500 3,925 4,000 3,701 3,613 3,523 3,500 3,346 3,236 3,112 3,055 2,943 3,000 2,832 2,691 2,556 2,500 2,000 1,500 1,000 500 - 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25

Rim of the World USD - Total Unduplicated Pupil Count - UPP 2,500 2,108 2,033 1,938 2,000 1,886 1,889 1,825 1,776 1,740 1,688 1,638 1,556 1,478 1,500 1,000 500 - 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 13

Rim of the World USD - UPP % 59.00% 57.83% 57.82% 57.82% 58.00% 57.37% 57.07% 56.96% 56.97% 57.00% 56.46% 56.40% 56.00% 55.00% 54.00% 53.64% 53.53% 53.00% 51.80% 52.00% 51.00% 50.00% 49.00% 48.00% 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 14

2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 State Aid/EPA 17,220,636.00 19,117,707.00 19,081,233.00 18,419,797.00 17,847,467.00 17,925,971.00 Property Taxes net of in-lieu 8,686,622.00 8,538,361.00 10,497,787.00 11,859,440.00 12,139,515.00 12,444,724.00 TOTAL FUNDING 25,907,258.00 27,656,068.00 29,579,020.00 30,279,237.00 29,986,982.00 30,370,695.00 Increase (Decrease) in LCFF Funding 1,748,810.00 1,922,952.00 700,217.00 (292,255.00) 383,713.00 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 State Aid/EPA 18,211,787.00 18,060,933.00 18,340,176.00 18,448,182.00 18,213,411.00 17,559,296.00 Property Taxes net of in-lieu 12,444,724.00 12,444,724.00 12,444,724.00 12,444,724.00 12,444,724.00 12,444,724.00 TOTAL FUNDING 30,656,511.00 30,505,657.00 30,784,900.00 30,892,906.00 30,658,135.00 30,004,020.00 Increase (Decrease) in LCFF Funding 285,816.00 (150,854.00) 279,243.00 108,006.00 (234,771.00) (654,115.00) 15 Summa ry o f L CF F Re ve nue

Every Day Counts! Missed School Funded ADA for days not only impacts 19/20 (Note Prior learning, but it decreases Year guarantee) the funds to service students. Below is the daily rate for missed 3,031.18 school. Depending on the grade level, one day missed can equal $56.19 per student. Average Per ADA Funding for 19/20 = $10,114 Per Day Base 82.00% 8,293.48 46.07 GSA 3.00%303.42 1.69 Add on (Trans/TIG) 5.00%505.70 2.81 Supplemental 9.00%910.26 5.06 Concentration 1.00%101.14 0.56 100.00% 10,114.00 56.19

Ca l ST RS & Ca l PE RS ra te s c o ntinue to rise 17

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Multi-ye a r Pro je c tio ns - Assumptio ns  Sta tuto ry COL A: 19  19/ 20 - 3.26%  20/ 21 – 3.0%  21/ 22 – 2.8%  UPP% (ro lling 3-ye a r a ve ra g e fo r re ve nue )  19/ 20 – 56.63%  20/ 21 – 56.81%  21/ 22 – 57.13%  ADA de c line  19/ 20 – (116.74)  20/ 21 – (60.86)  21/ 22 – (83.92)  22/ 23 – (110.10)  23/ 24 – (132.60)  24/ 25 – (125.97)

Multi-ye a r Pro je c tio ns – Assumptio ns (c o ntinue d )  L CF F re ve nue – Ba se o n c urre nt CBE DS e nro llme nt a nd 20 upda te d ADA. Pro je c tio ns fo r future ye a rs upda te d a t e ve ry fina nc ia l re po rting  Upda te d Othe r Sta te a nd F e de ra l re stric te d re ve nue  I nc re a se to Spe c ia l E duc a tio n Co sts  Ste p a nd Co lumn inc re a se s  He a lth a nd We lfa re inc re a se – 5%  Sa ving s fro m re tire me nts a nd e nro llme nt lo ss  Re duc tio n o f o ne -time e xpe nditure b udg e ts  I nc re a se in ST RS a nd PE RS c o sts  Sa ving s fro m ne g o tia te d ite ms  Re duc tio n o f o ne -time re ve nue s

Multi-ye a r E nding F und Ba la nc e – 21 a ssume s c urre nt spe nding a nd re ve nue

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E c o no mic Risks 23  Rising He a lth c a re c o sts  Slo w Ho using a nd c o nstruc tio n with hig he r ho me pric e s  T ra de I ssue s  Na ture o f Ca lifo rnia ’ s ta x struc ture – vo la tile  Wildfire s a nd Re c e nt sto rms  Ca lifo rnia ra nks 41 st in pe r-pupil spe nding while b e ing the 5 th la rg e st e c o no my in the wo rld  De c lining e nro llme nt  L o w a tte nda nc e ra te s

Co ntinue to mo nito r e nro llme nt a nd a tte nd a nc e ; c o ntinue with a tte nd a nc e inc e ntive s Go ve rno rs Ja nua ry b ud g e t pro po sa l fo r 2020-21; 2020-21 b ud g e t will b e b a se d o n Ma y re vise sta te b ud g e t a ssumptio ns Ne xt 24 ste ps: Multi-ye a r a ssumptio ns will b e re vise d a s o ur situa tio n c ha ng e s T he Distric t will c o ntinue to c o lla b o ra te with e mplo ye e s re g a rd ing fund ing sc e na rio s fo r the c urre nt a nd future ye a rs