Transcript 2008-09 Second Interim Financial Report

2012-2013 Budget
Nevada Joint Union High School District
June 20, 2012
Governor’s May Budget Revision

COLA = 3.24%

Applies to revenue limit

Revenue Limit Deficit 22.272%

Additional Reduction to the Revenue Limit –
$441 per ADA– if November tax election fails
Revenue Limit Roller Coaster
Statutory
Base RL
With COLA
Deficit
2007-2008
6,668
2008-2009
7,048
.92156
2009-2010
7,348
.81645
2010-2011
7,319
2011-2012
2012-2013
Additional
Reductions
Funded
Increase
(Decrease)
Over Prior
Year
Percentage
Change
Over Prior
Year
6,495
(173)
-2.59%
5,746
(749)
-11.53%
.82037
6,004
258
4.49%
7,486
.79398
5944
(60)
-1.00%
7,729
.77728
5,566
(378)
-6.36%
Total Per Student Reduction from 07-08
(253)
(441)
(1,102)
2012-2013 Statutory vs. Funded: $7,729 – 5,566 = $2,163/student
Revenue Limit Roller Coaster
2012/2013 Statutory COLA
Funded
vs. Funded
ADA
COLA
3,210
$2,163
Statutory
Revenue
Loss One
Year Only
$6,943,230
District Enrollment
Year
CBEDS
Enrollment
Change over
Prior Year
% Change
over
Prior Year
2007/08
3,957
22
0.56%
2008/09
3,850
-107
-2.70%
2009/10
3,734
-116
-3.01%
2010/11
3,592
-142
-3.69%
2011/12
3,391
-201
-5.22%
2012/13
3,296
-95
-2.80%
2013/14
3,192
-104
-3.16%
2014/15
3,076
-116
-3.63%
9
1 9 0 /9
9 1
1 9 1 /9
92 2
1 9 /9
93 3
1 9 /9
9 4
1 9 4 /9
9 5
1 9 5 /9
96 6
1 9 /9
97 7
1 9 /9
9 8
1 9 8 /9
9 9
2 0 9 /0
00 0
2 0 /0
01 1
2 0 /0
0 2
2 0 2 /0
0 3
2 0 3 /0
04 4
2 0 /0
0 5
2 0 5 /0
0 6
2 0 6 /0
07 7
2 0 /0
08 8
2 0 /0
0 9
2 0 9 /1
1 0
2 0 0 /1
11 1
2 0 /1
12 2
2 0 /1
1 3
2 0 3 /1
14 4
/1
5
19
District Enrollment
History of Enrollment
5000
4500
4000
3500
3000
2500
2000
1500
1000
500
0
Student Enrollment
Loss of Revenue over Prior Year
Declining Enrollment
$1.2 million
(Revenue Limit and Lottery)
$441/ADA Reduction
$1.4 million
(If November Tax Election Fails)
These reductions on top of a 22% Funding Deficit
Major Assumptions

Continued teacher staffing at



County programs transferred back to County
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


35:1 at Comprehensives
25:1 Class Size Reduction
Revenues eliminated
Staffing and expenditures reduced
School site supply allocations funded at 40% of
formula (same as current year)
Continued sweep of all tier III state categoricals
Maintain Deferred Maintenance WILL NOT be
swept—projects are getting ahead of $$
Adult Education fund continued sweep of
$160,000
Budget Reductions/Changes 2012-2013
Amount
% of Reduction
Certificated Staffing
$563,400
38%
Classified Staffing
$257,562
17%
Other
$325,000
22%
$50,000
3%
$300,000
20%
Teachers-Declining Enrollment
Choral-Half of One Section
Athletic Director-One Section
Ag Project-Four Sections
Librarian-Three Sections
Counselor-Five Sections
Registrar – 1 FTE
Athletic/Activities Technician–1 FTE
Lab Technician Position–1 FTE
Single Site Custodian-1 FTE
Electrical Savings-Server Virtualization
Maintenance Savings-Server Virtualization
2007 Retirees off H/W
Athletics—Reduction in Coaches Stipends
New/Increased Revenue
Transfers/Sweeps
GATE, PAR, CAHSEE, Cal Safe, EIA
Total
$1,495,962
100%
Changes from Board Budget Workshop

State estimate revised for trigger cuts


Deferred Maintenance Transfer Restored


$216,000 for Three FTE
Title II Staff Development Day Transfer


$500,000 - $800,000 Potential Savings for Five to
Eight Days
Added back Class Size Reduction Positions


$280,000 Impact on General Fund
No movement/request for furlough days


$425/ADA to $441/ADA
$70,000 Spent for Training
Curriculum/Instruction Position

$46,000 Impact on General Fund
General Fund Summary
Beg Balance
$ 5.4m 18.6%
Revenues
$26.1m
Expenditures
- 29.1m
Net
- 3.0m
Ending Balance
$ 2.4m
8.2%
Multi-Year Projections



Critical for Planning
Impact of Today’s Decisions on Tomorrow
Updated at Least Three Times Each Year
Multi-Year Projection
Assumptions

Change in Enrollment



2013/2014 -104
2014/2015 -116
COLA/Deficit


2013/2014 2.50% COLA 22.27% Deficit
2014/2015 2.70% COLA 22.27% Deficit
Multi-Year Projection
Assumptions

One-time Funding Sources

2013/2014
Fund 11 Adult Ed Reserve $ 50,000
 Fund 17 Special Reserve
$550,000


2014/2015

N/A
Multi-Year Projection
2013/2014 2014/2015
Beginning Balance
$2.4m
Sweep Site/Dept Carry over?
(Amount TBD)
$1.0m
Revenues
Special Reserve
/Adult Ed Transfer
Expenditures
$26.1m
$2.3m
$26.3m
$0.6m
($29.3m)
($29.4m)
Level of Ongoing Reductions
Necessary
$1.5m
$2.0m
Projected Fund
Ending Balance
$2.3m
$1.2m
Next Steps
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Continue Hiring and Spending Chill
Revise NJUHSD Budget 45 Days after
Governor’s Signature on State Budget
November Election Critical
First Interim Report December
Second Interim Report March
Begin Planning for 2013-14 NOW