Transcript 1999-00 Preliminary Budget Willows USD Board Meeting Feb

Introduction
 The 2012-13 Publication Budget is
required to be adopted prior to June 30,
2012
 Contains levels of revenue assumptions
that are subject to extreme changes
 The Publication budget is based on the
assumption that the State revenue limit
COLA for 2012-13 will be 3.24%, along
with a deficit factor of 22.272%
Enrollment
 CBEDS enrollment number as of
October 5, 2011 was 1,699 students,
down 149 students from prior year
 Enrollment projections for Oct 2012 are
projected to be 1,623, a decrease of 76
 Enrollment projections for Oct 2013 are
projected to be 1,579, a decrease of 44
Average Daily Attendance
 Our funding is not based on enrollment, but
rather on the number of days that pupils
come to school (average daily attendance-ADA). We can always be funded on current or
prior year ADA, whichever is greater
 The Publication Budget is based on 1,573
ADA, which is the P-2 ADA for 2011-12 (our
guaranteed lowest amount). We are
projecting P-2 ADA to decline to 1,510 in
2012-13 and 1,469 in 2013-14
Revenue Limit Calculation
 Our Base Revenue Limit per ADA for 2011-12
was $7,531
 The cost of living (COLA) increase in the State
budget for 2012-13 is projected to be 3.24%,
for an additional increase of $244 per ADA
 The deficit factor has been increased from
20.602% to 22.275%
 This brings our Revenue Limit per ADA for
2012-13 to $6,043
Revenue Limit Calculation (cont’d)
 Also included in the Revenue Calculation is the
trigger reductions if the Governor’s Nov 2012
tax initiative fails
 Amounts to approximately 6.8% or $528 per
ADA for RBJUHSD
 This reduction is on-going not one-time
Revenue Limit Calculation (cont’d)
 Using 1,573 ADA and the proposed budget
factors, we anticipate revenue limit sources
of $8,764,365, a reduction of over $1.5m
from the previous year
 This is our primary source of unrestricted
revenue and is made up of a combination of
state aid and local taxes
Projected Expenditures
 Approximately 80% of school budgets are in employee
wages and benefits. With this in mind, when we
develop a preliminary (Publication) budget, a
substantial amount of time is spent making sure all
personnel costs are estimated as close as possible
 The remaining expenditures for books, supplies,
services and capital outlay make up the remaining 20%
of the budget
 A 1% variance in our personnel budget amounts to
approximately $131,048
 A 1% variance in all other expense categories,
including transfers out, amounts to approximately
$31,423
Projected Expenditures (Cont’d)
 Federal Revenues decrease drastically due to
loss of:
 Forest Reserve
 Education Jobs Bill
 Smaller Learning Communities Grant
 Program Improvement
 MAA Revenue decline
Projected Expenditures (Cont’d)
 State revenues decrease slightly due to misc grant
reductions
 Local revenues decrease due to a decrease in Special
Education funding and the loss of bus retrofit funds
 Step & Column costs have been included in the
budget and both out years
 Salary reductions are projected in 2013-14 and 201415 due to anticipated certificated retirements
Projected Expenditures (Cont’d)
 A 2.4% increase has been added to all salary
schedules effective July 1, 2012
 No one-time off the salary schedule
distributions (MAA) have been budgeted in
any years
 Five furlough days for all staff have been
budgeted in 2014-15
Projected Expenditures (Cont’d)
 Materials, Supplies, Services and Operating
budgets continue to be reduced
 The only Transfer Out from the General Fund is
to the Developer Fee Fund to cover the COPS
payment
 Reserves have decreased in 2012-13 and
continue to decrease due to the projected
continual decreases in enrollment projections
and revenues
Multi-Year Projections
 Multi-Year Projections (MYPs) are required by
AB1200 and AB2756
 MYPs are projections, not forecasts
-Projections are the mathematical result of
today’s decisions based on a given set of
assumptions
-Forecasts are predictions for the future
-Projections are expected to change as various
factors change – they are not predictions
RBJUHSD Multi-Year Projection
2012-13
2013-14
2014-15
5,502,935
4,189,948
2,215,375
Revenues
14,934,077
14,309,984
14,302,965
Expenses
16,247,064
16,284,557
16,028,731
(1,312,987)
(1,974,573)
(1,725,766)
Projected Ending Fund Balance
4,189,948
2,215,375
489,609
Less - Restricted Reserves
1,744,776
0
0
487,412
489,287
481,612
1,957,760
1,726,088
7,997
Beginning Fund Balance
Net Increase/(Decrease)
Designated for Economic Uncertainties
Undesignated
Educational Outreach Academy MYP
2012-13
2013-14
2014-15
85,631
17,782
6,696
Revenues
374,190
435,097
435,097
Expenses
442,039
446,183
441,388
(67,849)
(11,086)
(6,291)
17,782
6,696
405
Beginning Fund Balance
Net Increase/(Decrease)
Projected Ending Fund Balance
Funding for Schools
 Despite claims of:
$6 billion more for schools
16% increase for schools
 Schools do not get one more dollar whether
the Governor’s tax initiative passes or fails!
 Our gain is the absence of another cut!
 The State has not provided a single new dollar
to schools since 2007-08!
California Ranking
Governor’s Tax Initiative
If passes:
Funding remains flat
Cash Deferrals are reduced
Weighted Student Funding Formula implemented
Ability to reduce school year a combined total of 15
days in 2012-13 and 2013-14 in addition to the 5
days currently allowed
If fails:
Trigger reductions implemented (over $800 per year)
Cash Deferrals remain
Now What?
 Will Governor sign or veto the proposed State
budget?
 Tax initiative passes or fails in Nov 2012?
 First Interim will be presented at the Dec 2012
Board Meeting
Questions?