Transcript FY06/07 1st Interim December 12, 2006 Changes from Original Budget to Projected Year Totals Revenues Original Budget Carryover New/Revised Net Adjustments FY06/07 Projected Year Totals Expenditures Original Budget Carryover New/Revised Budget Revisions BOE Budget.

FY06/07 1st Interim
December 12, 2006
Changes from Original Budget to
Projected Year Totals
Revenues
Original Budget
Carryover
New/Revised
Net Adjustments
FY06/07 Projected Year Totals
Expenditures
Original Budget
Carryover
New/Revised
Budget Revisions
BOE Budget Revision – CAT BG
Net Adjustments
FY06/07 Projected Year Totals
Unrestricted
Restricted
Combined
59,937,896
1,561,053
21,201
61,520,150
18,509,196
957,622
241,899
19,708,717
78,447,092
957,622
1,802,952
21,201
81,228,867
51,493,840
-
23,687,100
2,790,364
241,903
967,033
(105,097)
11,525
27,592,828
75,180,940
2,790,364
241,903
4,814,230
(105,097)
(160,065)
82,762,275
3,847,197
(171,590)
55,169,447
Changes from Original Budget to
Projected Year Totals
Unrestricted
Restricted
Combined
Other Sources/(Uses)
Original Budget
Budget Revisions
BOE Budget Revision – IFTs
BOE Budget Revision – CAT BG
FY06/07 Projected Year Totals
(5,748,142)
(967,033)
425,353
105,097
(6,184,725)
5,177,904
967,033
(105,097)
6,039,840
(570,238)
425,353
(144,885)
Net Increase (Decrease) in Fund Balance
165,978
(1,844,271)
(1,678,293)
Beginning Balance
2,533,757
1,844,271
4,378,028
Ending Balance
2,699,735
-
2,699,735
Components of Fund Balance
Unrestricted
Ending Fund Balance
Restricted
Combined
2,699,735
-
2,699,735
Revolving Cash
50,000
-
50,000
Legally Restricted
-
-
-
For Economic Uncertainties
2,499,975
-
2,499,975
Available Unrestricted Reserve
149,760
-
149,760
Multi-Year Projections
Categories
2006-2007
2007-2008
2008-2009
District Enrollment (CBEDS)
9,912
9,759
9,535
District ADA – Projected
9,416
9,335
9,116
District ADA – Funded
9,476
9,416
9,335
Revenue Limit & Other State COLA
5.92%
4.7%
2.8%
Revenue Limit Deficits
0%
0%
0%
Equalization Aid Per ADA
$73
$0
$0
Special Education Encroachment
0.96 M
0.35 M
0.5 M
Spending Reductions
0.8 M
-
-
Indirect Cost Rate
2.93%
2.93%
2.93%
CPI
3.3%
2.9%
2.7%
MAJOR ASSUMPTIONS
Multi-Year Projections
Categories
2006-2007
2007-2008
2008-2009
REVENUES
Revenue Limit Sources
53,967,930
56,081,688
57,117,828
6,099,481
6,099,481
6,099,481
12,040,131
10,942,715
11,203,579
9,121,325
9,121,325
9,121,325
81,228,867
82,245,209
83,542,214
67,162,211
65,849,356
66,638,155
Books/Supplies & Outlay
3,744,952
3,853,556
3,957,602
Services & Operating Expenses
9,890,202
8,865,642
9,332,310
Other Outgo & Transfers
1,964,910
1,964,910
1,964,910
Total Expenditures
82,762,275
80,533,464
81,892,977
Other Sources (Uses)
(144,885)
(570,238)
(570,238)
(1,678,293)
1,141,507
1,078,999
BEGINNING BALANCE
4,378,028
2,699,735
3,841,242
ENDING BALANCE
2,699,735
3,841,242
4,920,241
Federal Revenues
Other State Revenues
Other Local Income
Total Revenues
EXPENDITURES
Salaries & Benefits
Net Inc/Dec in Fund Balance
Components of Fund Balance
FY06/07
Projection
FY07/08
Projection
FY08/09
Projection
2,699,735
3,841,242
4,920,241
Revolving Cash
50,000
50,000
50,000
For Economic Uncertainties
2,499,975
2,433,111
2,473,896
For Other Designations
-
1,248,842
1,248,842
Available Unrestricted Reserve
149,760
109,290
1,147,502
Ending Fund Balance
General Fund Revenues
General Fund
Revenue - $81.2 M
Local
11%
Other State
15%
Federal
8%
Revenue Limit
66%
General Fund Expenditures
Books & Supplies
5%
Benefits
15%
Classified Salaries
15%
Services
12%
Certificated Salaries
53%
Unrestricted General Fund
Expenditures
Unrestricted
Expenditures $55.0 M
Non-Personnel
8%
Personnel
92%
Excludes $144,680 of Outgo and Direct/Indirect Support
Outstanding Issues that Could
Impact the Budget
• Salary Formula
• Negotiations
• FCMAT Special Education Recommendations
• FCMAT Technology Recommendations
Food and Nutrition Services
Multi-Year Projections
Categories
2006-2007
2007-2008
2008-2009
Free
2.17
2.19
2.21
Reduced
1.77
1.79
1.81
Paid
0.25
0.27
0.29
0.1563
0.1563
0.1663
-
100K
105K
534,780
561,519
589,595
-
60K
150K
MAJOR ASSUMPTIONS
Lunch Reimbursement Rates
Federal
State – Free & Reduced Only
Commodities Dollars
Meals Served
Capital Improvements
Food and Nutrition Services
Multi-Year Projections
Categories
2006-2007
2007-2008
2008-2009
REVENUES
Federal Revenues
1,049,391
1,101,860
1,156,953
84,281
88,495
92,920
763,364
839,700
923,670
1,897,036
2,030,056
2,173,544
1,138,424
1,149,808
1,167,055
804,443
723,999
723,999
Services & Operating Expenses
19,466
20,000
20,000
Capital Outlay
11,538
60,000
150,000
Other Outgo & Transfers
57,496
55,489
55,994
2,031,368
2,009,296
2,117,048
134,332
-
-
-
20,760
56,495
BEGINNING BALANCE
37,836
37,836
58,596
ENDING BALANCE
37,836
58,596
115,091
Other State Revenues
Other Local Income
Total Revenues
EXPENDITURES
Salaries & Benefits
Food and Supplies
Total Expenditures
Other Sources (Uses)
Net Inc/Dec in Fund Balance