Transcript West Contra Costa Unified School District

West Contra Costa
Unified School District
January 4, 2012
2011-12
Budget Update
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Multi Year Projection
2011-12 Mid Year Trigger Estimates
Unrestricted General Fund
Revenues
Special Reserve Usage
Expenses
Deficit Spending
Beginning Fund Balance
Ending Fund Balance
Required Reserve
Stores & Revolving Cash
Mid-Year Trigger Reserve
Remaining Balance
Chart in Thousands
2011-12
$168,308
872
171,324
(2,144)
18,439
16,295
8,495
300
$7,500
2012-13
$165,890
2,879
168,769
16,295
16,295
8,076
300
7,919
$0
2013-14
$165,701
6,661
172,362
17,695
17,695
8,243
300
8,097
$1,055
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Multi Year Projection
• 2011-12
– Will meet 3% reserve
– Use of Special Reserve Fund $872,000
– Mid Year Trigger $1.4 million enacted
All years assume zero COLA
due to ongoing State fiscal
crisis and pending
information on the Governor’s
Proposed Budget
• Changes Reserves – but enacts actual revenue reductions
• 2012-13
– Will meet 3% reserve
– Reserve for Mid-Year Triggers for 2012-13 will be needed
– Use of Special Reserve fund $2.8 million
• 2013-14
– Will meet 3% reserve
– Use of Special Reserve fund $6.6 million
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K-3 Class Size Reduction
• The Parcel Tax will pay $1.9 million toward
the reduction of class sizes in grades K-3
• If the Governor’s Budget funding levels are
greater than current assumptions the
funding will be added to the K-3 Class
Size Reduction program – up to the $2.4
million prioritized by the Board
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State Outlook
• Governors Budget will be released January 10
• Governor released a letter indicating a ballot
initiative in November will be a part of the
budget proposal
– This means uncertainty of 2012-13 until after the
November election
– 2012-13 Mid-Year triggers are likely
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Next Steps
Governor’s January Budget Analysis
January 17 – Sacramento
•
Staff will update the Board at each meeting
•
Community Budget Meetings 6:30 – 8:00 PM
DAY
DATE
SCHOOL SITE
ADDRESS
Wednesday
Thursday
Tuesday
Thursday
Tuesday
Wednesday
January 25 2012
January 26, 2012
January 31, 2012
February 2, 2012
February 7, 2012
February 8, 2012
Hercules High School
Murphy Elementary
Helms Middle School
King Elementary School
Harding Elementary School
Pinole Middle School
1900 Refugio Valley Road, Hercules
4350 Valley View Road, Richmond
2500 Road 20, San Pablo
4022 Florida Avenue, Richmond
7230 Fairmont Avenue, El Cerrito
1575 Mann Drive, Pinole
Financial reports available on the web
http://www.wccusd.net/
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