Transcript Albany Unified School District

Albany Unified School
District
2011-12 Budget Adoption
California State Budget
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June 15, 2011—the Legislature approves the
2011-12 State Budget.
June 15, 2011—Governor Brown vetoes the
2011-12 State Budget.
Governor Brown’s Response:
“the budget contains legally questionable maneuvers, costly
borrowing, and unrealistic savings. Finally, it is not
financeable and therefore will not allow us to meet our
obligations as they occur.”
 No further information on the status of the budget….
Current State Budget Assumptions
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COLA for 2011-12
2.24%
Revenue Limit Deficit
19.754%
Continued flexibility for categorical usage through 2014-15.
 Restricted dollars shifted to unrestricted to bridge the
revenue shortfall
CSR Flexibility
 Penalties are relaxed for classes exceeding 20:1 through
2013-14. Budgeted at 25:1 for K-3 grades.
ALL ASSUMPTIONS BASED ON CURRENT
INFORMATION AND ARE LIKELY TO CHANGE!
Budget Gap – Revenue Limit
Revenue Limit dollars before deficit
$24,184,186
 Revenue Limit dollars after deficit
$19,475,860
 LOSS OF REVENUE LIMIT DOLLARS
(4.7 MILLION OR $1,287 PER
STUDENT)
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CLOSING THE GAP
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UTILIZING CATEGORICAL
FLEXIBILITY
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$1.6 MILLION
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UTILIZING PARCEL TAXES TO RETAIN
STAFF AND PROGRAMS
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93% of California school districts are utilizing this option
$2.2 MILLION
UTILIZING DISTRICT RESERVES TO
MAINTAIN STAFF AND PROGRAMS
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$916,000
The Multi-Year Picture
Net Increase (Decrease) in Fund
Balance
Fund Balance
Beginning Fund Balance
(estimated)
Adjusted Beginning Fund Balance
1-Jul
Ending Fund Balance
30-Jun
Components of Ending Fund Balance
Nonspendable
Revolving Cash
Stores
Prepaid Expenditures
All Others
Restricted
Committed
Assigned
Strategic Plan Carryover
Unassigned/Unappropriated
Reserve for Economic
Uncertainties
Unassigned Amount
Reserve as a % of total
expenditures
($916,916.71)
($618,337.31)
($846,612.52)
$5,061,805.77
$4,144,889.06
$3,526,551.75
$5,061,805.77
$4,144,889.06
$3,526,551.75
$4,144,889.06
$3,526,551.75
$2,679,939.23
$25,000.00
$0.00
$0.00
$0.00
$25,000.00
$0.00
$0.00
$0.00
$25,000.00
$0.00
$0.00
$0.00
$1.15
$1,495.13
$6,133.02
$85,268.00
$0.00
$0.00
$4,034,619.91
$3,500,056.62
$2,648,806.21
$0.00
$0.00
$0.00
12%
10%
8%
The Good News
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The district is optimistically hopeful the state
budget will spare further reductions to public
education.
AUSD has not reduced the school year for
students. The state reported that 60% of districts
reduced the school year in 2010-11.
AUSD staff has not had to address furlough days
or salary/benefit reductions.
District reserves allow planning time if further
cuts are included in the adopted state budget.
The Bad News
Tax extensions continue to be a stumbling
block in Sacramento and another late budget
is predicted.
 A late budget adoption could equal mid-year
cuts.
 Current Parcel Tax dollars will need to
continue to support core programs and
Measure I expires June 2015.
 Federal Stimulus dollars are one-time funds
and end in 2011-12.
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Other Funds
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The Child Development Fund, with concessions
from employees and program restructuring is
projected to be self-supporting.
 They are also projected to repay the $500,000
district loan for 2010-11.
The Adult Education Fund continues to be a
concern and fees/programs may need to be
addressed as the year progresses.
The Cafeteria Fund is self-supporting.
Fund 17 – Strategic Plan funds will continue to
support plan implementation.
What’s Next?
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State adopts budget
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Adopted budget will be analyzed to determine
variances from current assumptions
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The impact of the State budget and proposed
budget adjustments will be presented to the
Board
END
OF PRESENTATION