Transcript 2013-14 First Interim Presentation

First Interim Budget Report 2013-14
Activity through October 31, 2013
Presented December 11, 2013
Nellie Meyer, Ed.D., Superintendent
Bryan Richards, Chief Financial Officer
LCFF: A WHOLE NEW WORLD
The entire revenue limit has been thrown out.
We have a new mechanism for calculating
revenue, the Local Control Funding Formula
 Target rates per student by grade level

K-3 Base $6,952 plus Grade Span (CSR) $723
 4-6 $7,056
 7-9 $7,266
 9-12 $8,419 plus Grade Span (was CTE) $219

Supplemental funding of 20% for students who
are either English Language Learners, receiving
Free & Reduced Lunch or Foster Youth
 Concentration funding if over 55% of students
qualify for supplemental funding (we are at 49%)

LCFF Target Amounts 2020-21 (projected)
$263,052,578
1,577,821
23,129,046
1,760,572
7,386,385
2,318,216
Target $
Base
K-3 Grades
9-12 Grades
Supplemental
TIIG
Transportation
226,880,540
Note: MDUSD does not qualify for concentration funding.
LCFF Funding Amounts 2013-14 (projected)
$204,633,181
2,724,602 1,577,821
2,318,216
207,395
870,116
Funding
Base
K-3 Grades
9-12 Grades
Supplemental
TIIG
Transportation
196,935,031
Note: MDUSD does not qualify for concentration funding.
DECLINING ENROLLMENT
 We
are still in a declining enrollment
funding model
 We are projecting a decline of 287.32 ADA
in 2013/14 from 2012/13
MDUSD ADA IS STILL DECLINING!
P-2 ADA
35,000
34,000
33,000
32,000
31,000
30,000
29,000
28,000
27,000
P-2 ADA
UNRESTRICTED GENERAL FUND REVENUE
 RL/LCFF
Sources
$ 160,026,120
 Federal Revenue
238,982
 Other State Revenue
33,504,486
 Other Local Revenue
4,274,874
 Interfund Transfers In
0
 Total Revenue
198,044,462
 Less: Net Contrib. to RGF
(40,154,876)
 Net Available Revenue
$ 157,889,586
Mt. Diablo Unified School District
Unrestricted General Fund Revenues Before Contributions
2013-14 Total = $198,044,462
Federal Revenue
0.1%
State Revenue
16.9%
Local Revenue
2.2%
Interfund Transfers In
0.0%
Revenue Limit
Contributed to
Restricted
20.3%
LCFF/Revenue Limit is 80.2% of unrestricted general fund revenue.
This will grow once conversion of former categoricals is complete.
Revenue Limit
60.5%
UNRESTRICTED GENERAL FUND
EXPENDITURES
 Certificated
Salaries
 Classified Salaries
 Employee Benefits
 Books & Supplies
 Services & Operating
 Capital Outlay
 Other Outgo
 Interfund Transfers Out
 Total Expenditures
$
93,809,129
20,250,709
32,596,808
4,199,616
10,960,862
181,600
0
3,519,751
165,518,475
Mt. Diablo Unified School District
Unrestricted General Fund Expenditures and Transfers Out
2013-14 Total = $165,518,475
Interfund Transfers
Out
2.13%
Certificated Salaries
56.68%
Capital Outlay
0.11%
Services & Operating
6.62%
Books and Supplies
2.54%
Employee Benefits
19.69%
Classified Salaries
12.23%
Salaries and Benefits make up 88.6% of expenditures & transfers out
UNRESTRICTED GENERAL FUND SUMMARY
Net Available Revenue
 Net Expenditures
 Net (decrease) fund bal.
 Beginning Balance, July 1
 Projected Ending Balance

$
$
157,889,586
165,518,475
( 7,628,891)
42,300,356
34,671,465
COMPONENTS OF ENDING BALANCE
Revolving Cash
$ 305,000
 Stores Inventory
462,769
 Economic Uncertainties (3%)
8,972,226
 Tier 3 Balances & Site carryovers
4,809,058
 Undesignated
20,122,412
 Ending Balance
$ 34,671,465

RESTRICTED GENERAL FUND REVENUE
 Revenue
Limit Sources
 Federal Revenue
 Other State Revenue
 Other Local Revenue
 Interfund Transfers In
 Contribution from Unr.
 Total Revenue
$ 9,240,654
29,650,481
42,911,990
8,635,988
0
42,765,960
$133,205,073
Mt. Diablo Unified School District
Restricted General Fund Revenue
2013-14 Total = $133,205,073
Contribution from
Unrestricted
32.11%
Local Revenue
6.48%
Revenue Limit
6.94%
Federal Revenue
22.26%
State Revenue
32.21%
RESTRICTED GENERAL FUND EXPENDITURES
 Certificated
Salaries
$ 38,145,027
 Classified Salaries
20,014,237
 Employee Benefits
21,895,621
 Books & Supplies
24,624,578
 Services & Other Operating
28,407,152
 Capital Outlay
707,394
 Other Outgo
254,994
 Indirect Costs
2,117,778
 Interfund Transfers Out
0
 Total Expenditures
$ 136,166,781
Mt. Diablo Unified School District
Restricted General Fund Expenditures
2013-14 Total = $136,166,781
Services & Other
Operating
20.86%
Books & Supplies
18.08%
Capital Outlay Other outgo
0.52%
0.19%
Indirect Costs Xfr
Out
Certificated Salaries
1.56%
28.01%
Employee Benefits
16.08%
Classified Salaries
14.70%
RESTRICTED GENERAL FUND SUMMARY
Total Revenue
 Total Expenditures
 Net (decrease) in fund bal.
 Beginning Balance, July 1
 Projected Ending Balance

$ 133,205,073
136,166,781
( 2,961,708)
11,183,370
$ 8,221,662
OTHER FUNDS OF THE DISTRICT
 Funds
for special purposes excluded from the
General Fund
 Special Revenue Funds
Charter School – Form 09I
 Adult Education – Form 11I
 Cafeteria – Form 13I
 Deferred Maintenance – Form 14I

 Capital
Projects Funds
Building (Proceeds of Measure C for construction) –
Form 21I
 Capital Facilities (a.k.a. Developer Fees) – Form 25I

OTHER FUNDS OF THE DISTRICT (CONT’D)
 Capital


County School Facilities Fund (Statewide bond
proceeds for construction like Prop 1A, 55) –
Fund 35I
Capital Project Fund for Blended Component
Units (Mello-Roos, Measure A) – Fund 49I
 Debt


Service Funds
Bond Interest & Redemption Fund (Measure C)
– Fund 51I
Debt Service Fund for Blended Component Units
(Measure A) – Fund 52I
 Trust

Project Funds (continued)
Funds
Foundation Private-Purpose Trust Fund – Fund
73I
SUPPLEMENTAL INFORMATION
Form AI: Average Daily Attendance continues do
decrease as noted above. We continue to be
funded on prior year when declining under LCFF.
Projected decrease of (287.32) in 2013/14 affects
funding in 2014/15.
 Form CASH: Cash Flow – Ending GF cash will be
positive. Deferrals have stabilized and begun to
be bought down as part of Governor Brown’s Wall
of Debt plan
 Form 01CSI: Criteria & Standards
 Form CI: Certification to sign summarizes
Criteria & Standards – QUALIFIED
Certification because State has not determined if
funding will be beyond COLA for next year.

FORM MYPI: MULTI YEAR PROJECTION
Undesignated @ 6/14
$
 Operating Deficit 2014/15
 Adjustment in 2% reserve
 Unappropriated Balance 6/14
 Operating Deficit 2014/15
 Adjustment in 2% reserve
 Unappropriated Balance 6/15 $

20,122,411
(12,234,883)
(23,587)
7,863,941
(15,763,605)
(17,961)
(7,917,625)
Based upon first interim guidance to budget only COLA until the
State’s budget comes out.
QUALIFIED CERTIFICATION –
WHAT DOES IT MEAN?
The District projects that it may not meet its financial
obligations for the current fiscal year or two
subsequent fiscal years if the State only funds the
equivalent of the COLA.
 We will meet our obligations for this year and next
year.
 We may be unable to meet obligations for the third
year out based on current projections (depending on
what comes in the Governor’s January budget).
 DOF preliminary calculations in the LCFF calculator
indicate we will get funding above the COLA, but it
has not yet been proposed in the budget.

LAO ISSUES BUDGET ASSESSMENT
SCO CASH REPORT
 State
revenues have finally turned the corner and
are on track to rise
 Projections indicate that Proposition 98 funding
will increase beyond the COLA
 The SCO indicated while November came in low,
year to date State cash collections are up.
WHAT NEXT?
MORE FROM
SACRAMENTO
Governor Brown’s budget will be announced in January
LCFF / LCAP regulations due in January
LCAP Templates due from State by March
Our LCAP and Budget due by July 1
Two Hearings on each to happen in June
Public Input sessions during winter & spring