Transcript Overview

FY 06/07 2nd Interim
March 27, 2007
Changes from 1st Interim to
nd
2 Interim
Revenues
1st Interim
New
Revisions/Amendments
2nd Interim Projected Year Totals
Expenditures
1st Interim
New
Revisions/Amendments
Net Adjustments
2nd Interim Projected Year Totals
Unrestricted
Restricted
Combined
61,520,150
515
(56,680)
61,463,985
19,708,717
1,902,254
106,134
21,717,105
81,228,867
1,902,769
49,454
83,181,090
55,169,447
-
27,592,828
1,902,254
106,134
22,265
29,623,481
82,762,275
1,902,254
106,134
(155,532)
84,615,131
(177,797)
54,991,650
Changes from 1st Interim to
nd
2 Interim Year Totals
Unrestricted
Restricted
Combined
Other Sources/(Uses)
1st Interim
Budget Revisions
2nd Interim Projected Year Totals
(6,184,725)
(31,277)
(6,216,002)
6,039,840
22,266
6,062,106
(144,885)
(9,011)
(153,896)
Net Increase (Decrease) in Fund Balance
256,333
(1,844,271)
(1,587,938)
Beginning Balance
2,533,757
1,844,271
4,378,028
Ending Balance
2,790,090
-
2,790,090
Components of Fund Balance
Unrestricted
Ending Fund Balance
Restricted
Combined
2,790,090
-
2,790,090
Revolving Cash
50,000
-
50,000
For Economic Uncertainties
2,582,231
-
2,582,231
Other Designations
880,000
-
880,000
Available Unrestricted Reserve
(722,141)
-
(722,141)
Multi-Year Projections
Categories
2006-2007
2007-2008
2008-2009
District Enrollment (CBEDS)
9,912
9,759
9,535
District ADA – Projected
9,416
9,335
9,116
District ADA – Funded
9,476
9,416
9,335
5.92%
4.04%
2.70%
0%
0%
0%
Equalization Aid Per ADA
$84.59
$0
$0
Net Change in Revenue Limit
$2.46M
$1.77M
$0.98M
4.8%
3.3%
1.76%
$1.56M
-
-
MAJOR ASSUMPTIONS
Enrollment and ADA
Revenue
Revenue Limit & Other State COLA
Revenue Limit Deficits
Net Percent Change in Revenue Limit
Mandate Reimbursement
Multi-Year Projections
Categories
2006-2007
2007-2008
2008-2009
Step and Column Salary Increases
$0.83M
$0.83M
$0.83M
FY05/06 Negotiated Salary Increase
$5.1M
$2.5M
$2.5M
Special Education Encroachment
$0.96M
$0.35M
$0.5M
CPI
3.2%
2.6%
2.4%
Indirect Cost Rate
2.93%
2.93%
2.93%
Spending Reductions and Reallocations
$0.8M
$1.4M
-
-
1.08M
1.08M
MAJOR ASSUMPTIONS
Expenditures
Fund Balance
Mandate Reimbursement Set Aside
Multi-Year Projections
Categories
2006-2007
2007-2008
2008-2009
REVENUES
Revenue Limit Sources
53,743,605
55,517,717
56,496,171
6,365,771
6,275,471
6,275,471
13,954,128
12,022,536
12,308,629
9,117,586
9,074,496
9,074,496
83,181,090
82,890,220
84,154,767
67,813,194
65,288,050
66,021,363
5,148,350
3,542,123
3,626,836
10,589,707
9,887,716
10,399,280
1,943,880
1,943,880
1,943,880
Total Expenditures
85,495,131
80,661,770
81,991,359
Other Sources (Uses)
(153,896)
(514,249)
(514,249)
(2,467,938)
1,714,201
1,649,159
BEGINNING BALANCE
4,378,028
1,910,091
3,624,292
ENDING BALANCE
1,910,091
3,624,292
5,273,451
Federal Revenues
Other State Revenues
Other Local Income
Total Revenues
EXPENDITURES
Salaries & Benefits
Books/Supplies & Outlay
Services & Operating Expenses
Other Outgo & Transfers
Net Inc/Dec in Fund Balance
Components of Fund Balance
FY06/07
Projection
FY07/08
Projection
FY08/09
Projection
1,910,091
3,624,292
5,273,451
Revolving Cash
50,000
50,000
50,000
For Economic Uncertainties
2,582,231
2,437,231
2,477,118
For Other Designations
-
1,080,000
1,080,000
Available Unrestricted Reserve
(722,141)
57,061
1,666,332
Ending Fund Balance
Outstanding Issues that Could
Impact the Budget
• Negotiations
• P2 Average Daily Attendance
Food and Nutrition Services
Multi-Year Projections
Categories
2006-2007
2007-2008
2008-2009
Free
2.17
2.19
2.21
Reduced
1.77
1.79
1.81
Paid
0.23
0.21
0.21
0.1563
0.1563
0.1563
Commodities Dollars
-
87K
105K
Full Lunches Served
517,376
561,519
589,595
-
60K
220K
MAJOR ASSUMPTIONS
Lunch Reimbursement Rates
Federal
State – Free & Reduced Only
Capital Improvements
Food and Nutrition Services
Multi-Year Projections
Categories
2006-2007
2007-2008
2008-2009
REVENUES
Federal Revenues
1,147,237
1,201,860
1,256,953
85,110
88,495
92,920
666,181
739,700
823,670
1,898,528
2,030,055
2,173,543
1,140,610
1,161,306
1,178,726
737,305
723,999
723,999
Services & Operating Expenses
16,876
20,000
20,000
Capital Outlay
23,428
60,000
220,000
Other Outgo & Transfers
54,681
55,825
56,336
1,972,900
2,021,130
2,199,061
134,322
-
-
Net Inc/Dec in Fund Balance
59,950
8,925
-25,518
BEGINNING BALANCE
37,836
97,786
106,711
ENDING BALANCE
97,786
106,711
81,193
Other State Revenues
Other Local Income
Total Revenues
EXPENDITURES
Salaries & Benefits
Food and Supplies
Total Expenditures
Other Sources (Uses)