Encinitas Union School District
23
Encinitas Union School District 2012-13 Proposed Budget June 26, 2012
description
Encinitas Union School District. 2012-13 Proposed Budget June 26, 2012. Themes for the May Revision. It’s all about the economics Revenues are improving at a much slower rate than expected in January Immense pressure on the State Budget and competition for limited resources - PowerPoint PPT Presentation
Transcript of Encinitas Union School District
Encinitas Union School District
2012-13 Proposed Budget
June 26, 2012
2012-13 Proposed Budget
June 26, 2012
Themes for the May Revision
It’s all about the economics
Revenues are improving at a much slower rate than expected in January
Immense pressure on the State Budget and competition for limited resources
The revised Budget has a lot of moving parts again this year
Bottom line: Best case is flat funding for education – and maybe a lot worse
In January, the Governor’s tax initiative was expected to fill the revenue gap
In May, revenues have fallen, and, if the initiative passes, it fills only half the gap
Today’s funding level may be our new reality for the foreseeable future
The May Revision
The May Revision first recognizes that January’s projected $9.2 billion State Budget shortfall has grown to $15.7 billion in May
Even if the Governor’s tax measure passes in November, there will still be a significant State Budget problem
As a result, the Governor proposes:
More cuts to the non-Proposition 98 side of the Budget
More manipulations to reduce Proposition 98 actual funding
But, in the end, planned K-12 funding is much like the January proposal
Flat funding if the taxes pass
Big cuts if they don’t
2012-13 will not be a good year for education funding
And failure of the taxes would make it a disaster
The May Revision
Despite claims of:
$6 billion more for schools!
16% increase for schools!
Your district, your schools, your classrooms do not get one more dime whether the Governor’s taxes pass or not!
Our gain is the absence of yet another cut
The state has not provided a single new dollar to local schools since 2007-08
California’s Education SpendingContinues to Lag
SB 81 (Chapter 2/2012) included a provision of the “fair share” reduction for two years:
In 2011-12, the rate is 9.57%, which will be applied in 2012-13, which reflects a one-year adjustment to incorporate the midyear reduction
In 2012-13, the rate is 8.92%, which will be applied in 2013-14
The “fair share” cut will be taken from basic aid school district unrestricted (supplemental and Tier III) and restricted (state categorical) funds in each respective fiscal year, as per current law
Three categorical programs, however, are exempt from the reduction:
After School Education and Safety (ASES) Program
QEIA
Child Care and Development
Basic Aid Districts
2012-13 Key Budget Assumptions2012-13 Key Budget AssumptionsFollowing are key budget assumptions for 2012-13 based on the Governor’s
Budget:Description Estimated Funding Levels
Average Daily Attendance (ADA) Based on 5,249 ADA
Estimated Property Tax $33,938,635 (Approx. $452K more than 2011-12)
Class Size and Furloughs Savings from K-3 at 24:1 and 2 Furlough Days are built in.
Revenue Limit COLA 3.24% with 22.272% Deficit
Basic Aid “Fair Share” A negative impact of 9.57% of Total R/L or $3,176,000
Potential Trigger Cut of $441 Per ADA A negative impact of $2,343,000
Special Education income based on AB 602 Funding COLA The 3.24% COLA is not funded
Lottery Funded at $118.00/ADA Unrestricted, $23.75/ADA Prop. 20 (Restricted)
09/10 10/11 11/12 12/130
500
1,000
1,500
2,000
2,500
Kindergarten Grade 1-3 Grade 4-6 Special Ed
Average Daily AttendanceAverage Daily Attendance
Unrestricted General FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
Unrestricted General FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 20122011-12 2012-13
Revenues Projection Budget------------------------------------------------------------------ -------------------- --------------------State Aid 184,072 170,000Property Tax 33,486,566 33,938,634Special Ed ADA TRNF (392,237) (460,078)
-------------------- --------------------Total Revenue Limit Sources 8010-8099 33,278,401 33,648,556
Federal Revenues 8100-8299 202,852 120,000Other State Revenues 8300-8599 2,320,731 564,760Other Local Revenues 8600-8799 2,815,923 747,788Transfers In 8910-8929 3,688,107 1,035,000Cont to Restricted - Special Education 8980-8999 (3,262,576) (2,941,197)Cont to Restricted - Routine Maintenance 8980-8999 (1,087,761) (1,083,393)Cont to Restricted - Special Ed. Transportation 8980-8999 (239,758) (660,000)
-------------------- --------------------Total Other Income w/Transfers and Contributions 4,437,518 (2,217,042)
Total Revenues 37,715,919 31,431,514
Expenditures------------------------------------------------------------------Certificated Salaries 1000-1999 20,094,492 19,103,237Classified Salaries 2000-2999 3,990,938 3,822,130Employee Benefits 3000-3999 7,538,407 7,317,409Books/Supplies 4000-4999 3,970,267 920,688Services, Other Operating Serv. 5000-5999 3,916,525 3,469,900Capital Outlay 6000-6999 27,860 10,000Other Outgo/Direct Support/Indirect Cost 7100-7499 (470,994) (445,088)Transfers Out 7610-7629 0 0
-------------------- --------------------Total Expenditures 39,067,495 34,198,276
Changes in Fund Balance (1,351,576) (2,766,762)
Beginning Balance 6,938,133 5,586,557-------------------- --------------------
Ending Balance 5,586,557 2,819,795=========== ===========
Components of the Ending Fund BalanceJune 30, 2012
Components of the Ending Fund BalanceJune 30, 2012
Ending Balance 2011-12 2012-13Designations Projection Budget------------------------------------------------------------------ -------------------- --------------------Revolving Cash Fund 10,000 10,000Cash In Bank 20,000 20,000Stores 115,632 115,632Designated For: Vacation Buyout 186,480 186,480Reserve for Economic Uncertainties 1,478,215 1,331,844Undesignated Amount 3,776,229 1,155,838
-------------------- --------------------Total Ending Balance 5,586,557 2,819,795
=========== ===========
Restricted General FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
Restricted General FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 20122011-12 2012-13
Revenues Projection Budget
------------------------------------------------------------------ -------------------- --------------------Property Tax 171,025 171,025Special Ed ADA TRNF 392,237 460,078
-------------------- --------------------Total Revenue Limit Sources 8010-8099 563,262 631,103
Federal Revenues 8100-8299 1,780,155 1,642,105Other State Revenues 8300-8599 1,237,805 318,882Other Local Revenues 8600-8799 2,662,532 2,919,864Cont to Restricted - Special Education 8980-8999 3,262,576 2,941,197Cont to Restricted - Routine Maintenance 8980-8999 1,087,761 1,083,393Cont to Restricted - Special Ed. Transportation 8980-8999 239,758 660,000
-------------------- --------------------Total Other Income w/contributions 10,270,587 9,565,441
Total Revenues 10,833,849 10,196,544
Expenditures------------------------------------------------------------------Certificated Salaries 1000-1999 3,665,205 3,274,540Classified Salaries 2000-2999 2,364,254 2,040,089Employee Benefits 3000-3999 2,062,135 1,911,208Books/Supplies 4000-4999 594,089 492,145Services, Other Operating Serv. 5000-5999 1,820,167 2,055,833Capital Outlay 6000-6999 0 0Other Outgo/Direct Support/Indirect Cost 7100-7499 448,635 422,729Transfers Out 7610-7629 0 0
-------------------- --------------------Total Expenditures 10,954,485 10,196,544
Changes in Fund Balance (120,636) 0
Beginning Balance 120,636 (0)-------------------- --------------------
Ending Balance (0) (0)=========== ===========
Child Nutrition FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
Child Nutrition FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
2011-12 2012-13Revenues Projection Budget------------------------------------------------------------------ -------------------- --------------------Revenue Limit Sources 8010-8099 0 0Federal Revenues 8100-8299 315,750 315,750Other State Revenues 8300-8599 23,150 23,150Other Local Revenues 8600-8799 569,095 569,095
-------------------- --------------------Total Revenues 907,995 907,995
Expenditures------------------------------------------------------------------Classified Salaries 2000-2999 451,594 435,065Employee Benefits 3000-3999 146,311 144,904Books/Supplies 4000-4999 259,967 259,967Services, Other Operating Serv. 5000-5999 39,200 39,200Capital Outlay 6000-6999 0 0Other Outgo/Direct Support/Indirect Cost 7100-7499 22,359 22,359 -------------------- --------------------
Total Expenditures 919,431 901,495
Changes in Fund Balance (11,436) 6,500
Beginning Fund Balance 47,877 36,441-------------------- --------------------
Ending Fund Balance 36,441 42,941=========== ===========
Deferred Maintenance FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
Deferred Maintenance FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
2011-12 2012-13Revenues Projection Budget
------------------------------------------------------------------ -------------------- --------------------Other Local Revenues 8600-8799 4,565 4,565Transfers In 8910-8929 0 0
-------------------- --------------------Total Revenues 4,565 4,565
Expenditures------------------------------------------------------------------Services, Other Operating Serv. 5000-5999 237,285 200,000Capital Outlay 6000-6999 0 0 -------------------- --------------------Total Expenditures 237,285 200,000
Changes in Fund Balance (232,720) (195,435)
Beginning Fund Balance 527,269 294,549-------------------- --------------------
Ending Fund Balance 294,549 99,114=========== ===========
Special Reserve – Non Capital FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
Special Reserve – Non Capital FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
2011-12 2012-13Revenues Projection Budget------------------------------------------------------------------ -------------------- --------------------Other Local Revenues 8600-8799 12,450 12,450Transfers In 8910-8929 0 0
-------------------- --------------------Total Revenues 12,450 12,450
Expenditures------------------------------------------------------------------Capital Outlay 6000-6999 0 0Other Outgo/Direct Support/Indirect Cost 7100-7499 0 0Transfers Out 7610-7629 3,624,972 1,000,000 -------------------- --------------------Total Expenditures 3,624,972 1,000,000
Changes in Fund Balance (3,612,522) (987,550)
Beginning Fund Balance 6,544,464 2,931,942-------------------- --------------------
Ending Fund Balance 2,931,942 1,944,392=========== ===========
2011-12 2012-13Revenues Projection Budget------------------------------------------------------------------ -------------------- --------------------Other Local Revenues 8600-8799 2,575 2,575Transfers In 8910-8929 0 0
-------------------- --------------------Total Revenues 2,575 2,575
Expenditures------------------------------------------------------------------Capital Outlay 6000-6999 0 0Other Outgo/Direct Support/Indirect Cost 7100-7499 0 0Transfers Out 7610-7629 63,135 35,000 -------------------- --------------------Total Expenditures 63,135 35,000
Changes in Fund Balance (60,560) (32,425)
Beginning Fund Balance 432,052 371,492-------------------- --------------------
Ending Fund Balance 371,492 339,067=========== ===========
Special Reserve - Post Employment Benefits FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
Special Reserve - Post Employment Benefits FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
2011-12 2012-13Revenues Projection Budget------------------------------------------------------------------ -------------------- --------------------Other Local Revenues 8600-8799 64,830 64,830Transfers In 8910-8929 0 0
-------------------- --------------------Total Revenues 64,830 64,830
Expenditures
------------------------------------------------------------------Books/Supplies 4000-4999 439,200 453,347Services, Other Operating Serv. 5000-5999 1,679,488 394,196Capital Outlay 6000-6999 5,843,668 1,505,159Other Outgo/Direct Support/Indirect Cost 7100-7499 0 0Transfers Out 7610-7629 0 0 -------------------- --------------------Total Expenditures 7,962,356 2,352,702
Changes in Fund Balance (7,897,526) (2,287,872)
Beginning Fund Balance 10,250,229 2,352,703-------------------- --------------------
Ending Fund Balance 2,352,703 64,831=========== ===========
Building Fund – Prop PRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
Building Fund – Prop PRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
2011-12 2012-13Revenues Projection Budget------------------------------------------------------------------ -------------------- --------------------Other Local Revenues 8600-8799 96,575 149,000
Transfers In 8910-8929 0 0
-------------------- --------------------
Total Revenues 96,575 149,000
Expenditures------------------------------------------------------------------Books/Supplies 4000-4999 0 0Services, Other Operating Serv. 5000-5999 43,500 43,500Capital Outlay 6000-6999 837,431 200,000Other Outgo/Direct Support/Indirect Cost 7100-7499 108,393 108,393 -------------------- --------------------Total Expenditures 989,324 351,893
Changes in Fund Balance (892,749) (202,893)Audit Adjustment (88,402) 0
Beginning Fund Balance 1,285,318 304,167-------------------- --------------------
Ending Fund Balance 304,167 101,274=========== ===========
Special Reserve – Capital Facilities Fund Revenues, Expenditures, and Changes in Fund Balance
June 30, 2012
Special Reserve – Capital Facilities Fund Revenues, Expenditures, and Changes in Fund Balance
June 30, 2012
2011-12 2012-13Revenues Projection Budget------------------------------------------------------------------ -------------------- --------------------Other Local Revenues 8600-8799 11,250 11,250Transfers In 8910-8929 0 0
-------------------- --------------------Total Revenues 11,250 11,250
Expenditures
------------------------------------------------------------------Books/Supplies 4000-4999 25,000 25,000Services, Other Operating Serv. 5000-5999 38,500 38,500Capital Outlay 6000-6999 970,000 220,000Other Outgo/Direct Support/Indirect Cost 7100-7499 0 0Transfers Out 7610-7629 0 0 -------------------- --------------------Total Expenditures 1,033,500 283,500
Changes in Fund Balance (1,022,250) (272,250)Audit Adjustment (88,402) 0
Beginning Fund Balance 1,524,457 413,805-------------------- --------------------
Ending Fund Balance 413,805 141,555=========== ===========
Special Reserve – Capital Facilities FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
Special Reserve – Capital Facilities FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
2011-12 2012-13Revenues Projection Budget------------------------------------------------------------------ -------------------- --------------------Other Local Revenues 8600-8799 950 925Transfers In 8910-8929 0 0
-------------------- --------------------Total Revenues 950 925
Expenditures------------------------------------------------------------------
Books/Supplies 4000-4999 1,025 900
Other Outgo/Direct Support/Indirect Cost 7100-7499 0 0Transfers Out 7610-7629 0 0 -------------------- --------------------Total Expenditures 1,025 900
Changes in Fund Balance (75) 25
Beginning Fund Balance 110,188 110,113-------------------- --------------------
Ending Fund Balance 110,113 110,138=========== ===========
Note: Under the terms of the trust, only the interest earned in the prior years may be expended.
Paul Ecke Central Trust Fund Revenues, Expenditures, and Changes in Fund Balance
June 30, 2012
Paul Ecke Central Trust Fund Revenues, Expenditures, and Changes in Fund Balance
June 30, 2012
2011-12 2012-13Revenues Projection Budget------------------------------------------------------------------ -------------------- --------------------Other Local Revenues 8600-8799 724,190 816,810Transfers In 8910-8929 0 0
-------------------- --------------------Total Revenues 724,190 816,810
Expenditures------------------------------------------------------------------Books/Supplies 4000-4999 0 0Services, Other Operating Serv. 5000-5999 963,450 963,450OPEB Obligation 9664-9664 0 0Other Outgo/Direct Support/Indirect Cost 7100-7499 0 0Transfers Out 7610-7629 0 0 -------------------- --------------------Total Expenditures 963,450 963,450
Changes in Fund Balance (239,260) (146,640)Beginning Fund Balance 145,497 (93,763)
-------------------- --------------------Ending Fund Balance (93,763) (240,403)
=========== ===========
Self Insurance FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
Self Insurance FundRevenues, Expenditures, and Changes in Fund Balance
June 30, 2012
Multi Year ProjectionMulti Year Projection
2012-13 2013-14 2014-15
3.24% 2.50% 2.70%
Total Revenue Limit Sources 33,648,556 34,168,834 34,687,671
Federal Revenues 120,000 135,000 135,000
Other State Revenues 564,760 564,760 564,760
Local Revenues 747,788 1,011,850 1,037,434
Contributions to Other Programs:
Special Education (2,941,197)
Transportation (1,083,393)
Routine Maintenance Account (660,000)
Total Contributions to Other Programs (4,684,590) (4,425,800) (4,545,699)
Transfers In 1,035,000 450,000 -
Total Revenues 31,431,514 31,904,644 31,879,166
Certificated Salaries 19,103,237 17,863,244 18,228,791
Classified Salaries 3,822,130 3,803,664 3,858,305
Employee Benefits 7,317,409 7,055,664 7,055,664
Books & Supplies 920,688 920,688 920,688
Services 3,469,900 3,469,900 3,469,900
Capital Equipments 10,000 12,000 11,000
Other Outgo (445,088) (435,000) (435,000)
Total Expenditures 34,198,276 32,690,160 33,109,348
Excess / Under (2,766,762) (785,516) (1,230,182)
Beginning Balance 5,586,557 2,819,795 2,034,279
Ending Balance 2,819,795 2,034,279 804,097
Multi Year ProjectionMulti Year Projection
Ending Balance 2,819,795 2,034,279 804,097
Non-spendable and Assigned 331,632 331,632 331,632
(Revolving Cash, Cash in Bank and Inventory)
3% Reserve for Economic Uncertainty 1,331,844 1,280,093 1,296,146
Unassigned/(negative) 1,156,319 422,554 (823,681)
Thank youThank you
