Transcript Document

SAUGUS
Union School District
Excellence in Elementary Education
24930 Avenue Stanford, Santa Clarita, California 91355
Phone: 661-294-5300 / www.saugususd.org
FY 2014-15 First Interim
as of October 31, 2014
Board Meeting
December 9, 2014
BOARD OF TRUSTEES: · Paul De La Cerda ∙ Rose Koscielny · Judy Egan Umeck · David Powell · Chris Trunkey
SUPERINTENDENT: Joan M. Lucid, ED.D.
RESPECT | INTEGRITY | LEARNING | TEAMWORK | ENTHUSIASM
Budget Calendar for FY 2014-15:
Time
Tasks
June, 2014
Board adopted FY 2014-15 Budget
July/August
Year-End Closing (FY 2013-14)
August
45-day Budget Revision
September
Unaudited Actuals (FY2013-14) submitted for approval
October
First Interim cut-off (10/31/14)
November
Preparation of First Interim
December
Submission of 1st Interim on or before 12/15/14; Release of Auditor’s Report
for FY 2013-14
January
Governor releases State Budget Proposal for FY 2015-16; Second Interim cutoff (1/31/15)
February
Budget Preparation based on Governor’s Budget Proposal
March
Submission of 2nd Interim on or before 3/15/15
April
P-2 ADA cut-off
May
Release of Governor’s May Revise for FY 2015-16
June
Budget Hearing & Budget adoption for FY 2015-16
EXCELLENCE IN ELEMENTARY EDUCATION
Introduction:
▪ Education Code requires districts to submit reports to the County Office of
Education twice a year. This report refers as “Interim” report.
• 1st Interim Report for FY 2014-15 ( as of 10/31/14): Board Action on 12/09/14
• 2nd Interim Report for FY 2014-15 (as of 1/31/15): Board Action on 3/3/15
▪ Education Code Section 42130 (a) (1) defines the certifications.
• A Positive Certification: WILL MEET their financial obligations for the current and two
subsequent fiscal years
• A Qualified Certification: MAY NOT MEET their financial obligations for the current OR
two subsequent fiscal years
• A Negative Certification: WILL BE UNABLE TO MEET their financial obligations for the
current OR two subsequent fiscal years
▪ For districts filing a Qualified or Negative Certification, they must also submit two
additional copies of all documentation to the County Office of Education to be
forwarded to the California Department of Education (CDE) and the State
Controller’s Office.
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 27.63%)
▪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 29.56% (True funding
for 2014-15)
Base Grant
68,530,045
Grade Span Adjustment (old K-3)
3,909,183
Supplement Grant
4,002,992
Transportation & TIIG (Add-on)
820,262
Total Target
77,262,482
Prior year
58,913,356
Difference (14/15 vs. 13/14)
18,349,126
Gap Funding: 29.56%
LCFF Funding
5,424,002
64,337,358*
Prior Year Adjustment in the amount of -277,276. As a result, the LCFF is 64,060,082
EXCELLENCE IN ELEMENTARY EDUCATION
Budget Assumptions:
Factor
FY 2014-15
FY 2015-16
FY 2016-17
Projected Enrollment
9,911
9,842
9,809
Projected P-2 ADA
9,614
9,547
9,515
Funded ADA
9,708
9,614
9,547
EL/FRM/Foster Count (%)
27.63%
27.82%
28.0%
Gap Funding (%)
29.56%
20.68%
25.48%
LCFF
64,060,082
66,763,723
69,680,400
Proportionality
1,571,138
2,089,444
2,618,338
Lottery-Unrestricted
$128
$128
$128
Lottery-Restricted
$34
$34
$34
26/28/31
25/27/31
24/26/31
G. Ed. FTEs/SDC. FTEs
(Teaching Staff)
344/30
344/30
353/30
STRS Employer Rate
8.88%
10.73%
12.58%
PERS Employer Rate
11.77%
12.6%
15.0%
Class Size TK, K,1/2-3/4-6
EXCELLENCE IN ELEMENTARY EDUCATION
General Fund Total Revenues:$79,090,082 (Unrestricted:$56,592,257; Restricted:$22,497,825)
State Revenue,
$9,696,690; 12.3%
Local Revenue,
$1,650,027; 2.1%
Transfer In,
$237,685; 0.3%
Federal, $3,445,598
4.4%
LCFF, $64,060,082
81%
General Fund
LCFF
Federal
State Revenue
Local Revenue
Transfer In
Contribution
Total
Unrestricted
64,060,082
2,188,120
370,426
237,685
(10,264,056)
56,592,257
Restricted
3,445,598
7,508,570
1,279,601
10,264,056
22,497,825
Total
64,060,082
3,445,598
9,696,690
1,650,027
237,685
79,090,082
General Fund Total Expenditures:$84,109,991 (Unrestricted:$58,930,503; Restricted:$25,179,488)
Srvc & Other Op.
Books &
Exp, $6,377,737;
Supplies,
7.6%
$6,688,663; 8%
Employee
Benefits,
$13,892,637;
16.5%
Capital Outlay,
$81,245; 0.1%
Other Outgo,
$1,148,916; 1.4%
Transfer Out,
$650,196; 0.8%
Certificated Sal,
$41,132,314;
48.9%
Classified Sal,
$14,138,283;
16.8%
Total Expenditures
Certificated Sal
Calssified Sal
Employee Benefits
Books & Supplies
Srvc & Other Op. Exp
Capital Outlay
Other Outgo
Indirect Cost
Transfer Out
Total Exp
Unrestricted
33,012,369
8,799,345
10,384,770
1,891,148
4,245,502
42,800
149,799
(245,426)
650,196
58,930,503
Restricted
8,119,945
5,338,938
3,507,867
4,797,515
2,132,235
38,445
999,117
245,426
25,179,488
Total
41,132,314
14,138,283
13,892,637
6,688,663
6,377,737
81,245
1,148,916
650,196
84,109,991
Total Unrestricted General Fund Multi-Year Projections:
FY 2014-15
FY 2015-16
FY 2016-17
64,060,082
66,763,723
69,680,400
2,188,120
1,266,212
1,266,212
Other Local
370,426
372,946
375,629
Other Financing
Sources**
237,685
1,067,685** (transfer in
from Fund 17 to maintain
3% reserve
1,937,685**(transfer in
from fund 17, & 14 to
maintain 3% reserve)
(10,264,056)
(12,108,835)
(12,943,063)
Total Revenues
56,592,257
57,361,731
60,316,863
Certificated Sal
33,012,369
33,419,283
33,752,687
8,799,345
8,931,335
9,065,305
Employee Benefits
10,384,770
10,924,308
11,839,350
Books & Supplies
1,891,148
1,239,227
1,239,227
Srvc & Other Op. Exp.
4,245,502
4,589,288
4,393,093
42,800
27,800
27,800
554,569
(89,074)
(89,074)
Total Expenditures
58,930,503
59,042,167
60,228,388
Net Increase (Decrease)
(2,338,246)
(1,680,436)
88,475
Beginning Bal
6,613,337
4,275,091
2,594,655
Projected Ending Bal
4,275,091
2,594,655
2,683,130
LCFF*
Other State Revenues
Contribution
Classified Sal
Capital Outlet
Other Outgo
EXCELLENCE IN ELEMENTARY EDUCATION
Other Funds
Fund
Beg. Bal
Rev
Exp
Proj. Ending Bal
Sp. Ed. Pass Thru
(10)
158,605
28,156,774
28,156,774
158,605
30,539
445,929
448,174
28,294
Deferred
Maintenance Fund
(14)
2,133,049
9,815
788,000
1,354,864
Sp. Rev-Other Than
Capital Outlay (17)
1,668,019
658,732
12,000
2,314,751
Building Fund (21)
2,256,140
13,377
91,958
2,177,559
Capital Facility (25)
7,773,743
580,156
46,000
8,307,899
169,045
500
169,545
0
Sp. Res-Capital (40)
20,828,617
26,828
2,178,420
18,677,025
Capital Proj-Blended
(49)
11,589,620
36,758,254
30,132,140
18,215,734
5,498,937
5,903,298
5,908,425
5,493,810
18,394,167
10,120,685
6,813,469
21,701,383
5,931,839
5,680,065
5,141,063
6,866,841
Child Development
Fund (12)
County School
Facility (35)
Bond Interest &
Redemption (51)
Debt Srvc-Blended
(52)
Enterprise-CDP (63)*
*The Ending balance includes the value of Capital Assets.
Final Notes:
▪ Understanding our own characteristics of the budget (fiscal solvency issues)
Solvency Plans for FY 2015-16 & FY 2016-17
▪ Governor’s January Budget Proposal
EXCELLENCE IN ELEMENTARY EDUCATION