Transcript FY 06/07 3rd Interim May 22, 2007 Changes from 2nd Interim to 3rd Interim Unrestricted Restricted Combined Revenues 2nd Interim New Revisions/Amendments 3nd Interim Projected Year Totals 61,463,985 122,537 61,586,522 21,717,105 558,628 678,668 22,954,401 83,181,090 558,628 801,205 84,540,923 Expenditures 2nd Interim New Revisions/Amendments Net Adjustments 3nd Interim.

FY 06/07 3rd Interim
May 22, 2007
Changes from 2nd Interim to
3rd Interim
Unrestricted
Restricted
Combined
Revenues
2nd Interim
New
Revisions/Amendments
3nd Interim Projected Year Totals
61,463,985
122,537
61,586,522
21,717,105
558,628
678,668
22,954,401
83,181,090
558,628
801,205
84,540,923
Expenditures
2nd Interim
New
Revisions/Amendments
Net Adjustments
3nd Interim Projected Year Totals
54,991,650
258,353
55,250,003
29,623,481
558,628
678,668
486,416
31,347,193
84,615,131
558,628
678,668
744,769
86,597,195
Changes from 2nd Interim to
rd
3 Interim Year Totals
Unrestricted
Restricted
Combined
Other Sources/(Uses)
2nd Interim
Budget Revisions
3nd Interim Projected Year Totals
(6,216,002)
(486,415)
(6,702,417)
6,062,106
486,415
6,548,521
(153,896)
0
(153,896)
Net Increase (Decrease) in Fund Balance
(365,898)
(1,844,271)
(2,210,169)
Beginning Balance
2,533,757
1,844,271
4,378,028
Ending Balance
2,167,859
-
2,167,859
Components of Fund Balance
Unrestricted
Ending Fund Balance
Restricted
Combined
2,167,859
-
2,167,859
Revolving Cash
50,000
-
50,000
For Economic Uncertainties
2,615,293
-
2,615,293
Available Unrestricted Reserve
(497,434)
-
(497,434)
Multi-Year Projections
Major Assumptions
Categories
2006-2007
2007-2008
2008-2009
District Enrollment (CBEDS)
9,912
9,779
9,575
District ADA – Projected
9,485
9,346
9,114
District ADA – Funded
9,485
9,485
9,346
Revenue Limit COLA
5.92%
4.53%
3.70%
Revenue Limit Deficits
0%
0%
0%
Equalization Aid Per ADA
$86.56
$0
$0
Base Revenue Limit
$5,525
$5,777
$5,992
Net Change in Revenue Limit
$2.5M
$2.4M
$1.2M
Net Percent Change in Revenue Limit
4.9%
4.4%
2.1%
0%
0%
0%
Other State COLA
5.92%
4.53%
3.70%
Mandate Reimbursement
$1.56M
-
-
Enrollment and ADA
Revenue
Federal COLA
Multi-Year Projections
Major Assumptions
Categories
2006-2007
2007-2008
2008-2009
Step and Column Salary Increases
$0.83M
$0.83M
$0.83M
FY05/06 Negotiated Salary Increase (4.7%)
$5.1M
$2.5M
$2.5M
Growth in Special Education Encroachment
$1.43M
$0.35M
$0.5M
Inflationary Increase - CPI
3.4%
2.9%
2.5%
Indirect Cost Rate
2.93%
2.93%
2.93%
Spending Reductions and Reallocations
$0.8M
$1.4M
-
-
1.08M
1.08M
Expenditures
Fund Balance
Mandate Reimbursement Set Aside
Multi-Year Projections
Categories
2006-2007
2007-2008
2008-2009
REVENUES
Revenue Limit Sources
53,812,216
56,204,621
57,384,325
6,265,635
6,175,335
6,175,335
14,954,758
13,009,571
13,440,101
9,508,314
9,341,317
9,341,317
84,540,923
84,730,844
86,341,077
68,101,498
66,016,354
66,749,667
5,408,213
3,766,167
3,859,508
11,143,568
10,345,506
10,956,770
1,943,916
1,943,916
1,943,916
Total Expenditures
86,597,195
82,071,943
83,509,861
Other Sources (Uses)
(153,896)
(514,249)
(514,249)
(2,210,169)
2,144,652
2,316,967
BEGINNING BALANCE
4,378,028
2,167,859
4,312,511
ENDING BALANCE
2,167,859
4,312,511
6,629,478
Federal Revenues
Other State Revenues
Other Local Income
Total Revenues
EXPENDITURES
Salaries & Benefits
Books/Supplies & Outlay
Services & Operating Expenses
Other Outgo & Transfers
Net Inc/Dec in Fund Balance
Components of Fund Balance
FY06/07
Projection
FY07/08
Projection
FY08/09
Projection
2,167,859
4,312,511
6,629,478
Revolving Cash
50,000
50,000
50,000
For Economic Uncertainties
2,615,293
2,479,536
2,522,673
For Other Designations
-
1,080,000
1,080,000
Available Unrestricted Reserve
(497,434)
702,975
2,976,805
Ending Fund Balance
Outstanding Issues that Could
Impact the Budget
• Negotiations
• P2 Average Daily Attendance
– Audit Finding
• Budget Act for FY07/08
– Equalization Aid