Burbank Unified2011-12 First Interim

December 15, 2011

Stan Carrizosa, SuperintendentChristine Statton, Assistant Superintendent, Administrative ServicesBonnie Adkins, Fiscal Services SupervisorLina Sola, Fiscal Services Supervisor

The Budget Cycle

Report Description Due

Adopted Budget Details spending plan of district and includes estimated actual ending balances for prior fiscal year

On or before June 30

First Interim Actual revenues & expense July 1 to October 31 with projections for remainder of current and 2 future fiscal years

On or before December 15

Second Interim Same as above but for period July 1 to January 31

On or before March 15

Unaudited Actuals Details actual ending balances, all revenues and expenditures for year ended June 30

On or before September 15

Objects

1XXXs – Certificated Salaries 2XXXs – Classified Salaries 3XXXs – Employee Benefits 4XXXs – Books and Supplies 5XXXs – Services and Other Operating

Expenditures 6XXXs – Capital Outlay 7XXXs – Other Outgo 8XXXs – Revenues 9XXXs – Balance Sheet Accounts Assets,

Liabilities and Fund Balance

Organization of District Funds01 General Fund Unless specified to be accounted for elsewhere, funds are deposited into and

expended from this fund

11 Adult Ed Used to account for activities of all adult education programs

12 Child Development Used to account for child care/child development programs

14 Deferred Maintenance Used to provide for deferred maintenance program funds for schools (5-yr plan)

25 Capital Facilities Used to collect and expend developer fees

35 County School Facility Fund

Used to account for state matching funds for construction projects/modernization

40 Special Reserve Fund Used for capital facility acquisition and construction projects

61 Cafeteria Enterprise Fund

Used to account for activities of food service program

67 Retiree Benefits Activity

Used to account for “pay as you go” expenditures for retiree benefits

71 Retiree Benefits Trust Fund

Used to account for resources set aside in an irrevocable trust for future health benefits for employees as they retire.

General Fund 2011-12 First Interim

Unrestricted Restricted Combined

Revenues 90,467,418 26,714,122 117,181,540

Expenditures (79,637,815) (45,834,477) (125,472,292)

Transfers Out/Other Uses (18,225,218) 15,805,023 (2,420,195)

Net Gain/(Loss) (7,395,615) (3,315,332) 10,710,947

Beginning Fund Balance 22,725,825 3,315,332 26,041,158

Ending Fund Balance 15,330,210 0 15,330,210

General Fund Revenues Unrestricted

2011-12  Adopted 1st Interim Difference

Revenue Limit 70,105,249 75,287,475 5,182,226

Federal - - -

Other State 12,777,158 12,958,233 181,075

Other Local 2,000,237 2,221,710 221,473

TOTAL 84,882,644 90,467,418 5,584,774

General Fund Expenditures Unrestricted

 2011-12 Adopted 1st Interim Difference

Certificated Salary 42,892,557 45,239,874 2,347,317

Classified Salary 10,666,393 10,982,429 316,036

Employee Benefits 17,978,276 16,688,733 (1,289,543)

Books and Supplies 2,767,506 3,831,538 1,064,032

Services/Operating Exp 6,507,053 6,450,404 (56,649)

Capital Outlay 48,000 121,611 73,611

Other Outgo (2,721,287) (3,742,717) (1,021,430)

Contributions/Transfers 15,287,884 18,225,218 2,937,334

TOTAL 93,426,382 97,797,090 4,370,708

General Fund Revenues Restricted

 2011-12 Adopted 1st Interim Difference

Revenue Limit 3,682,870 3,729,967 47,097

Federal 6,119,568 9,736,490 3,616,922

Other State 10,345,823 10,808,536 462,713

Other Local 1,115,863 2,439,129 1,323,266

TOTAL 21,264,124 26,714,122 5,449,998

General Fund Expenditures Restricted

 2011-12 Adopted 1st Interim Difference

Certificated Salary 11,368,000 12,973,935 1,605,935

Classified Salary 6,761,612 7,545,769 784,157

Employee Benefits 5,874,005 6,417,064 543,059

Books and Supplies 2,162,054 7,036,371 4,874,317

Services/Operating Exp 5,393,650 8,183,971 2,790,321

Capital Outlay 7,100 149,618 142,518

Other Outgo 3,017,543 3,527,749 510,206

Contributions/Transfers (13,319,840) (15,805,023) (2,485,183)

TOTAL 21,264,124 30,029,454 8,765,330

General Fund Multiple Year Projection

  2011-12 2012-13 2013-14

Revenues/ Transfers In 117,545,628 114,528,040 116,817,441

Expenditures/ Transfers Out 128,256,575 119,845,769 122,493,496

Net Increase (Decrease)

(10,710,947) (5,317,729) (5,676,055)

Beginning Fund Balance 26,041,158 15,330,211 10,012,482

Ending Fund Balance 15,330,211 10,012,482 4,336,427

General Fund Multiple Year Projection With $350/ADA cut in 2012-13 & Zero Cola thru 13-14

  2011-12 2012-13 2013-14

Revenues/ Transfers In 117,545,628 107,033,915 109,379,661

Add Ed Jobs Funding available 2,130,000 0 0

Expenditures/ Transfers Out 128,256,575 119,845,769 122,493,496

Net Increase (Decrease)

(8,580,947) (12,811,854) (13,113,835)

Beginning Fund Balance 26,041,158 17,460,211 4,648,357

Ending Fund Balance 17,460,211 4,648,357 (8,465,478)

2011-12 1st Interim

The Multiyear projection (unrestricted) shows: Deficit Spending of $7.4M in 10-11 Deficit Spending of $5.3M in 11-12 Deficit Spending of $5.7M in 12-13 Assumes zero growth in ADA for 12-13 and 13-14 Assumes payment of step/column/longevity, and 3% H&W increase

in 12-13 and 13-14 Includes the BTA furlough days all in 12-13, as it was too late to

reflect the 11-12 scheduled furlough days in current year Includes tentative agreement CSEA furlough days all in 12-13, as

agreement is not ratified yet (and too late to reflect in 11-12)

Other Funds2011-12 Adopted

RevenueAdopted Expense

1st Interim Revenue

1st Interim Expense

Adult Ed (includes transfers) 3,040,592 2,365,132 3,164,279 2,577,327

Child Development 4,622,847 4,537,285 4,521,704 4,814,856

Deferred Maintenance 178,576 52,100 169,983 216,012

Capital Facilities 212,848 315,317 212,848 323,102

County School Facilities 0 0 0 0

Reserve -Capital Outlay 240,063 1,326,609 411,798 1,587,204

Bond Interest/Redemption 8,193,437 7,902,174 8,193,437 7,902,174

Cafeteria Enterprise 3,810,011 3,952,656 3,810,011 3,639,287

Self Insurance Fund 793,859 1,009,586 753,975 1,043,845

Retiree Benefit Fund 34,468 3,500 43,900 3,500

General Fund Expenditures 2011-12

2011-12 First Interim General Fund Budget $128 Million

Certif icated Salaries $52,473,420

42%

Classif ied Salaries $16,574,624

13%Management Salaries

$7,693,9636%

Certif icated Benefits $14,291,364

11%

Classif ied Benefits $6,676,983

5%

Books & Supplies $10,867,909

8%

Transfers Out $2,784,283

2%

Other Outgo/Uses & Indirect/Direct Support Costs -

$149,0250%

Capital Outlay $271,229

0%

Management Benefits $2,137,449

2%

Services-Other Operating $14,634,375

11%

Other Factors to Consider

Cost of transitional kindergarten in 12-13? Mental Health Costs shifted to School Districts

– $500K to $1 Million

Continued Deferrals – at close of books 10-11:– $18.4M = Receivables GF Unrestricted

$10M TRAN (loan) due back Dec 30, 2011 Mid-year State Budget Triggers Feb 1, 2012

– 200K Rev limit– 195K Special Education Transportation– 35K Child Care Funds

First Interim 2011-12

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