Transcript Document

SAUGUS
Union School District
Excellence in Elementary Education
24930 Avenue Stanford, Santa Clarita, California 91355
Phone: 661-294-5300 / www.saugususd.org
Budget Adoption
FY 2014-15
June 17, 2014
BOARD OF TRUSTEES: Douglas A. Bryce · Paul De La Cerda ∙ Rose Koscielny · Judy Egan Umeck
RESPECT | INTEGRITY | LEARNING | TEAMWORK | ENTHUSIASM
SUPERINTENDENT: Joan M. Lucid, ED.D.
Introduction:
▪ The Governor’s May Revision
* The May Revision acknowledges an additional increase of $2.4B in state revenues
compared to January’s projection. However, there is no new money on the table.
Because….
Medical-Cal coverage for more Californians
Creation of a rainy day fund for the state
* California State Teachers’ Retirement System Funding (CalSTRS)
▪ The Budget Process (Governor’s Proposal vs. Legislature’s)
* The budget has passed and now has moved to the Governor’s office. The changes are:
Deferrals, Mandates, Increased Local Control Funding Formula, & Local Reserves
▪ Local Control & Accountability Plan (LCAP)
* Description of how the supplemental grant dollars are being used to support
increased/improved services to the eligible students
* Description of how the District meets the proportionality requirement
EXCELLENCE IN ELEMENTARY EDUCATION
Local Control Funding Formula (LCFF)
How does the LCFF apply to SUSD (FY 2014-15)?
▪Establishing a same Base Grant by grade span for all school districts (K-3: $7,011; 4-6: $7,116)
▪Additional K-3 (old CSR): 729/per ADA (As a result, K-3: $7,740)
▪Targeted supplemental funding (unduplicated of English learners, economically disadvantaged
students & foster youth) based on fixed percentages of the base grant amounts (SUSD: about 27%)
▪Transportation & Targeted Instructional Improvement Grant (TIIG)
▪Determining LCFF target grants for 2014-15
▪Closing the gap between 2013-14 funding levels and LCFF full implementation targets by 28.05%
(True funding for 2014-15)
Base Grant
68,519,781
Grade Span Adjustment (old K-3)
3,909,794
Supplement Grant
4,044,467
Transportation & TIIG (Add-on)
820,262
Total Target
77,294,305
Prior year
58,862,553
Difference (14/15 vs. 13/14)
18,431,752
Gap Funding: 28.05%
LCFF Funding
5,170,107
64,032,660
EXCELLENCE IN ELEMENTARY EDUCATION
Gap Funding & Proportionality
4,044,467
Target funding for students in need @ full implementation in the LCAP year
(550,616)
$ spent on students in need in the prior year
3,493,851
The gap between the target and the prior year spending
x
28.05% Funding gap for 2014-15
Estimated increase in funding for students in need in proportion to the state's progress
980,025 in funding LCFF
550,616 Prior year spending
1,530,641
Estimated funding for students in need
64,032,660
Total LCFF funding
(1,530,641)
Estimated funding for students in need
62,502,019
Estimated base funding (LCFF-Supplemental)
1,530,641/62,502,019=2.45
%
Min. proportionality %
Resource codes are created to track & report activities & expenditure which are used to increased & improved services)
EXCELLENCE IN ELEMENTARY EDUCATION
CalSTRS Plan (Unanticipated); CalPERS (Anticipated)
Employer Contribution Rate
fiscal year
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
CalSTRS
8.25%
9.5%
11.1%
12.7%
14.3%
15.9%
17.5%
19.1%
Legislature's
8.25%
8.88%
10.73%
12.58%
14.43%
16.28%
18.13%
19.10%
11.417%
13.3%
14.6%
15.9%
17.3%
18.9%
PERS
EXCELLENCE IN ELEMENTARY EDUCATION
?
?
Budget Assumptions:
FY 13-14
FY 14-15
FY 15-16
FY 16-17
Enrollment
10,013
9,850
9,845
9,845
P2-ADA (Projected)
9,708
9,555
9,550
9,550
Funded ADA
9,868
9,708
9,555
9,550
GE. FTEs (IHS is included)
343
343
348
353
Sp. Ed
33.6
41
41
41
RA(Sp. Ed)
Site Admin * (additional 1 FTE will be
funded by SELPA)
6
9
9
9
21
22
22
22
TK, K, 1
27
26
25
24
2,3
29
28
27
26
4,5,6
31
31
31
31
Board Election
200,000
Site Allocation ($75/Pr yr CalPads)
Custodial Allocation (Supplies-per
CalPad)
Rate increasing for CalSTRS &
CalPERS
200,000
75
75
75
75
10
20
20
20
EXCELLENCE IN ELEMENTARY EDUCATION
Total General Fund Revenues for FY 2014-15:$77,761,509
Other State,
$8,777,742;
11.3%
Other Sources
Local, $1,620,027; (Transfer in),
2.1%
$212,340
0.3%
Federal , $
3,118,740;
4%
LCFF, $64,032,660
82.3%
EXCELLENCE IN ELEMENTARY EDUCATION
Total General Fund Expenditures for FY 2014-15: $83,311,766
Srvc & Operating
Exp, $6,298,279;
Books & Supplies, 7.6%
Capital Outlay, 32,000
Other Outgo/Other
Uses, $1,156,718;
1.4%
$6,458,528; 7.7%
Certificated Sal,
$41,205,054; 49.4%
Employee Benefits,
$14,058,535; 16.9%
Classified Sal,
$14,177,651;
17%
EXCELLENCE IN ELEMENTARY EDUCATION
Unrestricted General Fund (FY 2013-14, 14-15, 15-16, 16-17)
13-14
14-15
15-16
16-17
59,704,897
64,032,660
67,583,877
69,859,782
1,666,205
1,537,924
1,538,451
1,539,041
232,164
370,426
372,946
375,629
Transfer In *
1,135,619
212,340
937,340
1,437,340
Contribution
(7,321,848)
(9,984,202)
(11,926,458)
(12,388,000)
Total Unrestricted Revenues
55,417,037
56,169,148
58,506,156
60,823,792
Total Exp.
56,885,909
58,905,469
59,732,639
60,766,384
Net
(1,468,872)
(2,736,321)
(1,226,483)
57,408
Beginning Bal
8,048,973
6,580,101
3,843,780
2,617,297
Ending Balance
6,580,101
3,843,780
2,617,297
2,674,705
92,500
92,500
92,500
92,500
LCFF
Other State
Local
Store/Revolving Cash
Carryover (Sites)
961,183
Reserve
2,310,885
2,501,603
2,500,925
2,550,352
Unassigned
3,215,533
1,249,677
23,872
31,853
EXCELLENCE IN ELEMENTARY EDUCATION
Transfer In from Other Funds to Meet the Reserve Requirement at 3%
FY 2014-15: The requirement is met.
FY 2015-16: We are short about $730K. We tap into Fund 17 to meet the
requirement.
FY 2016-17: We will be short about $1.2M. We will zero out Fund 17 and
tap into Fund 14 (Deferred Maintenance Fund) by $773K.
One-time money to support on-going operation needs is not sustainable and
is not a solution.
EXCELLENCE IN ELEMENTARY EDUCATION
Other Funds:
FY 2014-15
Beg. Bal
Rev
Exp
End Bal
Sp. Ed. Pass Through (Fund 10)
153,011
28,156,774
28,156,774
153,011
Child Development (Fund 12)
27,614
445,929
448,174
25,369
Deferred Maintenance (Fund 14)
2,347,710
9,815
788,000
1,569,526
Sp. Res. (Non Capital Fund 17)
1,425,998
8,536
12,000
1,422,534
Building (Fund 20-Old GO Bond)
2,229,350
13,377
170,244
2,072,483
Capital Facility (Fund 25)
7,647,802
580,156
26,000
8,201,958
Sp. Res-Capital (Fund 40)
20,828,516
20,828
2,153,070
18,696,274
Capital Proj (Fund 49)-CFD
10,080,944
41,000
600,000
9,521,944
Bond Int. & Redemption (Fund 51)
5,122,818
5,645,311
5,646,496
5,121,633
Debt Service (Fund 52)-CFD Taxes
17,655,483
6,463,584
6,813,469
17,305,598
5,038,260
5,091,771
(53,511)
Other Enterprise (Child Care, Fund 63)*
* The beginning and ending Bal represent CASH balance.
EXCELLENCE IN ELEMENTARY EDUCATION
Final Notes:
▪ Understanding our own characteristics of the budget (Fiscal Solvency issues)
▪ District’s Budget Adoption
▪ Enacting the State Budget
▪ Closing the books for 2013-14
▪ 45-Day Budget Revision
EXCELLENCE IN ELEMENTARY EDUCATION