Post on 21-Jan-2016
MDUSDMDUSDProposed BudgetProposed Budget
Bryan RichardsBryan Richards
Director of Fiscal ServicesDirector of Fiscal Services
June 30, 2009June 30, 2009
In our last episode…,In our last episode…,
►Governor blew the tires off of the bus Governor blew the tires off of the bus by slashing transportation funding 65%by slashing transportation funding 65%
►Decimated School Districts begin Decimated School Districts begin piecing together how to react to a piecing together how to react to a devastating 17.967% deficit factordevastating 17.967% deficit factor
►State Controller John Chiang State Controller John Chiang
indicated the State could run outindicated the State could run out
of cash by July 28of cash by July 28
And tonight…,And tonight…,
►Legislature passes parts of amended Legislature passes parts of amended budget package including education budget package including education without 2/3 majoritywithout 2/3 majority
►Governor threatens veto on all bills Governor threatens veto on all bills without 2/3 majoritywithout 2/3 majority
►All sides appear to have dug in their heelsAll sides appear to have dug in their heels►Chiang says State will start issuing Chiang says State will start issuing
registered warrants (funny money) registered warrants (funny money)
on Thursday July 2 without budget.on Thursday July 2 without budget.
What the cut looks likeWhat the cut looks like
MDUSD Revenue Limit Funding per ADA
6,965
6,7556,583
6,4286,370
6,109
5,125
5,528
5,7145,541
5,4005,2735,2255,411
5,079
4,500
5,000
5,500
6,000
6,500
7,000
7,500
2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14
Year
Dolla
rs $
per A
DA Revenue Limit
2nd May Revise
How much have we lost?How much have we lost?
► $698.16 per ADA shortfall in 2008/09 = $698.16 per ADA shortfall in 2008/09 = $23,260,031$23,260,031
► $1,144.54 per ADA shortfall in 2009/10 = $1,144.54 per ADA shortfall in 2009/10 = $37,933,798 + $1,832,000 trans = $37,933,798 + $1,832,000 trans = $39.8M$39.8M
► $1,154.96 per ADA shortfall in 2010/11 = $1,154.96 per ADA shortfall in 2010/11 = $38,064,560 + $1,832,000 = $39.9M$38,064,560 + $1,832,000 = $39.9M
► $1,182.81 per ADA shortfall in 2011/12 = $1,182.81 per ADA shortfall in 2011/12 = $38,771,991 + $1,832,000 = $40.6M$38,771,991 + $1,832,000 = $40.6M
► Total in 4 years = Total in 4 years = $143,526,380$143,526,380 ►Grows over $41,300,000 per year thereafterGrows over $41,300,000 per year thereafter
Unrestricted General Fund Unrestricted General Fund RevenuesRevenues
►Revenue Limit SourcesRevenue Limit Sources $ 169,680,193 $ 169,680,193►Federal RevenueFederal Revenue 225,054 225,054►Other State RevenueOther State Revenue 27,789,772 27,789,772►Other Local RevenueOther Local Revenue 1,531,495 1,531,495►Total RevenueTotal Revenue 199,226,514 199,226,514►Less: Net Contrib. to RGF Less: Net Contrib. to RGF (44,444,290)(44,444,290)►Net Available RevenueNet Available Revenue $ 154,782,224 $ 154,782,224
Mt. Diablo Unified School District Unrestricted General Fund Revenues Before Contributions
2009-10 Total = $199,226,514
Local Revenue0.8%
State Revenue13.9%Federal Revenue
0.1%
Revenue Limit Contributed to
Restricted22.3%
Revenue Limit62.9%
Unrestricted ExpendituresUnrestricted Expenditures► Certificated Salaries Certificated Salaries $ 91,336,704 $ 91,336,704► Classified SalariesClassified Salaries 20,648,127 20,648,127► Employee BenefitsEmployee Benefits 31,988,187 31,988,187► Books & SuppliesBooks & Supplies 5,131,265 5,131,265► Services & OperatingServices & Operating
495,581495,581► Capital OutlayCapital Outlay 137,720 137,720►Other OutgoOther Outgo 929,381 929,381► Interfund Transfers Out Interfund Transfers Out 6,409,8466,409,846► Total ExpendituresTotal Expenditures 157,076,811 157,076,811► Less: Indirect Cost Xfrs InLess: Indirect Cost Xfrs In (4,460,130)(4,460,130)►Net ExpendituresNet Expenditures $152,616,681 $152,616,681
Mt. Diablo Unified School DistrictUnrestricted General Fund Expenditures and Transfers Out
2009-10 Total = $157,076,811
Services & Operating
0.32%Capital Outlay
0.09%
Other outgo0.54%
Interfund Transfers Out
4.08% Books and Supplies
3.27%
Employee Benefits20.36%
Classified Salaries13.15%
Certificated Salaries58.15%
Unrestricted Bottom LineUnrestricted Bottom Line
►Net Available RevenueNet Available Revenue $ $154,782,224154,782,224
►Net Expenditures Net Expenditures 152,616,681152,616,681►Net (decrease) fund bal. 2,165,543Net (decrease) fund bal. 2,165,543►Beginning Balance, July 1Beginning Balance, July 1 5,061,1195,061,119►Projected Ending Balance $ 7,226,662Projected Ending Balance $ 7,226,662
Components of Ending Components of Ending BalanceBalance
►Revolving CashRevolving Cash $ 300,000$ 300,000►Stores InventoryStores Inventory 250,000 250,000►Economic Uncertainties (2%) 5,472,456Economic Uncertainties (2%) 5,472,456►Undesignated BalanceUndesignated Balance
1,204,2061,204,206►Ending BalanceEnding Balance $ 7,226,662$ 7,226,662
Restricted RevenueRestricted Revenue
►Revenue Limit SourcesRevenue Limit Sources $ 5,036,550 $ 5,036,550►Federal RevenueFederal Revenue 22,521,397 22,521,397►Other State RevenueOther State Revenue 33,100,968 33,100,968►Other Local RevenueOther Local Revenue 6,922,640 6,922,640►Net Contrib. from Unr.Net Contrib. from Unr. 44,444,29044,444,290►Total RevenueTotal Revenue $112,025,845 $112,025,845
Mt. Diablo Unified School DistrictRestricted General Fund Revenue
2009-10 Total = $112,025,845
Interfund Transfers0.00%
Local Revenue6.18%
State Revenue29.55%
Federal Revenue20.10%
Revenue Limit4.50%Contribution from
Unrestricted39.67%
Restricted ExpendituresRestricted Expenditures►Certificated SalariesCertificated Salaries $ 32,326,414 $ 32,326,414►Classified SalariesClassified Salaries 19,594,642 19,594,642►Employee BenefitsEmployee Benefits 21,719,245 21,719,245►Books & SuppliesBooks & Supplies 7,642,026 7,642,026►Services & Other Operating Services & Other Operating
33,467,86833,467,868►Capital OutlayCapital Outlay 55,000 55,000►Other OutgoOther Outgo 2,505,016 2,505,016► Indirect Costs Xfr OutIndirect Costs Xfr Out 3,695,9073,695,907►Total ExpendituresTotal Expenditures $ 121,006,118 $ 121,006,118
Mt. Diablo Unified School DistrictRestricted General Fund Expenditures
2009-10 Total = $121,006,118
Interfund Transfers
0.00%
Indirect Costs Xfr Out
3.05%
Books & Supplies6.32%
Employee Benefits17.95%
Classified Salaries16.19%
Certificated Salaries26.71%
Capital Outlay0.05%
Other outgo2.07%
Services & Other Operating
27.66%
Restricted Bottom LineRestricted Bottom Line
►Total RevenueTotal Revenue $ 112,025,845 $ 112,025,845►Total ExpendituresTotal Expenditures 121,006,118121,006,118►Net (decrease) in fund bal.Net (decrease) in fund bal. ( 8,980,273) ( 8,980,273)►Beginning Balance, July 1Beginning Balance, July 1 9,099,954 9,099,954►Projected Ending Balance $ 119,681Projected Ending Balance $ 119,681
Donations UpdateDonations Update
►Donations received since the “hat” Donations received since the “hat” campaign began total:campaign began total:
Other FundsOther Funds
► Funds for special purposes excluded from the Funds for special purposes excluded from the General FundGeneral Fund
► Special Revenue FundsSpecial Revenue Funds Charter School – Form 09Charter School – Form 09 Adult Education – Form 11Adult Education – Form 11 Cafeteria – Form 13Cafeteria – Form 13 Deferred Maintenance – Form 14Deferred Maintenance – Form 14
► Capital Projects FundsCapital Projects Funds Building (Proceeds of local bonds for construction) Building (Proceeds of local bonds for construction)
– Form 21– Form 21 Capital Facilities (a.k.a. Developer Fees) – Form 25Capital Facilities (a.k.a. Developer Fees) – Form 25
Other FundsOther Funds
► Capital Projects Funds (continued)Capital Projects Funds (continued) County School Facilities (State Allocations for County School Facilities (State Allocations for
construction) – Form 35construction) – Form 35 Capital Project for Blended Component Units Capital Project for Blended Component Units
(Mello-Roos) – Form 49(Mello-Roos) – Form 49► Debt Service FundsDebt Service Funds
Bond Interest and Redemption – Form 51Bond Interest and Redemption – Form 51 Debt Service for Blended Component Units (Mello-Debt Service for Blended Component Units (Mello-
Roos) – Form 52Roos) – Form 52► Foundation Private-Purpose Trust Fund Foundation Private-Purpose Trust Fund
(Scholarship Fund) – Form 73(Scholarship Fund) – Form 73► All “Other Funds” projecting positive fund All “Other Funds” projecting positive fund
balancesbalances
Events to watch for next Events to watch for next season…season…
►Will the State Legislature pass a revised Will the State Legislature pass a revised budget?budget? Cannot agree on cuts versus revenue increasesCannot agree on cuts versus revenue increases Already missed June 15 deadline, June 30 deadline… Already missed June 15 deadline, June 30 deadline…
(Julgusepoctemberary 32(Julgusepoctemberary 32ndnd?)?)
►Will the Governor sign it? Will the Governor sign it? ►Health care increases lower, but still above CPI Health care increases lower, but still above CPI
and COLAand COLA► ARRA goes away after 2010/11ARRA goes away after 2010/11►We go back to deficit spending in the out yearsWe go back to deficit spending in the out years►Have a great summer and stay tunedHave a great summer and stay tuned