Budg e t Upda te : Una udite d Ac tua l Re sults for 2013-14 Ma - - PowerPoint PPT Presentation
Budg e t Upda te : Una udite d Ac tua l Re sults for 2013-14 Ma rysville Jo int Unifie d Sc ho o l Distric t Se pte mb e r 9, 2014 July We Are He re ! Adopted LCAP & Budget (2014-15) Adopted Unaudited June LCAP &
Adopted LCAP & Budget (2014-15)
Unaudited Actual Results for 2013-14
1st Interim Financial Report
Governor’s Budget Proposal
2nd Interim Financial Report
Preliminary LCAP/Budget
Adopted LCAP & Budget (2015-16)
June December January March May April July
September
New Appropriations; Budgeting Carryovers Evaluate Spending & Adjust Expenditures Closing of Books
Unaudited Actual Results Adopted Budget 2013-14 2013-14 Working Budget
Projection
September 2014
June 2013
New Appropriations; Budgeting Carryovers Evaluate Spending & Adjust Expenditures Closing of Books
Unaudited Actual Results Adopted Budget 2014-15 2014-15 Working Budget
Projection
June 2014 September 2015
General Fund Financials (In Millions $)
2011- 12 Ac tuals 2012- 13 Ac tuals 2013- 14 Ac tuals Be ginning Balanc e $11.0 $11.3 $11.0 Re ve nue
L CF F So urc e s/ Re ve nue L imit $48.4 $46.3 $62.1 F e de ra l Re ve nue $11.0 $9.6 $6.6 Sta te Re ve nue $15.6 $15.3 $6.2 L
$5.6 $4.3 $4.9
T
$80.6 $75.5 $79.8 E xpe nditur e s
Ce rtific a te d Sa la rie s $35.7 $34.5 $34.3 Cla ssifie d Sa la rie s $12.6 $12.9 $13.5 E mplo ye e Be ne fits $15.9 $15.4 $15.3 Bo o ks/ Supplie s $4.8 $4.8 $4.3 Se rvic e s & Othe r Ope r. E xp. $8.2 $7.7 $7.8 Ca pita l Outla y $0.3 $0.1 $0.4 Othe r Outg o / Othe r So urc e s $2.8 $0.3 $2.1
T
xpe nditur e s $80.3 $75.8 $77.7
Ne t I nc r./ (De c r.) in F und Ba la nc e $0.3 ($0.3) $2.1
E nding Balanc e $11.3 $11.0 $13.1
General Fund – Comparison of Estimated to Unaudited Actual Results (In Millions $)
2013- 14 E st. Ac tual 2013- 14
av./ (Unfav.) to E
Be ginning Balanc e $11.0 $11.0
L CF F So urc e s $61.3 $62.1 $0.8 F e de ra l Re ve nue $7.3 $6.6 ($0.7) Sta te Re ve nue $6.3 $6.2 ($0.1) L
$4.9 $4.9 $0.0
T
$79.8 $79.8 $0.0 E xpe nditur e s
Ce rtific a te d Sa la rie s $34.7 $34.3 ($0.4) Cla ssifie d Sa la rie s $13.1 $13.5 $0.4 E mplo ye e Be ne fits $15.5 $15.3 ($0.2) Bo o ks/ Supplie s $6.9 $4.3 ($2.6) Se rvic e s & Othe r Ope r. E xp. $8.7 $7.8 ($0.9) Ca pita l Outla y $0.7 $0.4 ($0.3) Othe r Outg o $1.2 $2.1 $0.9
T
xpe nditur e s $80.8 $77.7 $3.1
Ne t I nc r./ (De c r.) in F und Ba la nc e ($1.0) $2.1 $3.1
E nding Balanc e $10.0 $13.1 $3.1
CF F Sour c e s $0.8 Million
– L CF F June E stima te Adjustme nt ($1.1 Millio n) – E PA Sta te E stima te Adjustme nt $1.3 Millio n – 4th Qua rte r T a xe s $400,000 – Ove rpa yme nt in L ie u o f T a xe s $200,000
e de r al Re ve nue ($0.7 Million)
– T itle I Ca rryo ve r ($550,000) – T itle I I I Ca rryo ve r ($125,000) – Othe r Ca rryo ve rs ($30,000)
($0.1 Million)
– Sta te L
($70,000) – Unc o lle c te d ASE S Mo nie s ($30,000)
tific ate d Salar ie s ($0.4 Million) – T e a c he r Pa y ($25,000) – Sub stitute s ($200,000) – Othe r Ce rt. Po sitio ns Pay (Psyc hs, Stude nt Supp. Co o rd., De pt. He a ds) ($175,000)
ie s $0.4 Million – I nstruc tio nal Assista nt Pay $200,000 – Bus Drive r Pa y $100,000 – Othe r Cla ss. Po sitio ns Pay (Custo dia ns, Gro unds, Cle ric al) $100,000
mploye e Be ne fits ($0.2 Million) – ST RS ($100,000) – PE RS ($30,000) – So c ial Se c urity, He a lth and We lfa re , a nd Sta te Une mplo yme nt ($70,000)
($2.6 Million) – T e xtb o o ks ($1.1 Millio n) – Ma te rials & Supplie s ($1.3 Millio n) – Va rio us ma te rials, e q uipme nt and supplie s ($200,000)
vic e s & Othe r Ope r ating E xpe nditur e s ($0.9 Million) – Sub a g re e me nts fo r Se rvic e s ($200,000) – Co nfe re nc e / Me e ting E xpe nse ($100,000) – T e le pho ne , F a x L ine s, Ce ll Pho ne s ($300,000) – Va rio us c o ntrac ts and se rvic e s ($300,000)
ibutions $327,000
– L e ss tha n pro je c te d
r yove r $3.72 Million
– Unspe nt c a te g o ric a l fund s:
– Co mmo n Co re Sta te Sta nda rds $1.68 Millio n – L
$609,000 – Do na tio ns ma de to sc ho o l site s $483,000 – Pro po sitio n 39: Cle a n E ne rg y Jo b s Ac t $445,000 – Me nta l He a lth $317,000 – Me di-Ca l Billing $126,000 – T
duc a tio n (T UPE ) $56,000
r e d Re ve nue $758,000
– Unspe nt c a te g o ric a l fund s:
– T itle I $600,000 – T itle I I I $155,000 – Othe rs (Multiple ) $13,000
T he se funds ar e available for spe nding in 2014- 15
OT AL VARIANCE = ($3.1 Million) OR $3.1 Million in the “Plus” Column
– Mo st o f whic h is Ca rryo ve r (Re stric te d Mo nie s) – T ha t b e c o me s o ne -time mo ne y
– One -time mo ne y c a n b e use d fo r o ne -time thing s, suc h a s: – F a c ilitie s pro je c t(s) – Buying a b us(e s) o r distric t ve hic le (s) – F unding OPE B – Off-sc he dule sa la ry pa yme nts – One -ye a r spe c ia l pro g ra m – E tc . – T
und Re se rve a t $13.16 Millio n with $5.03 Millio n Una ssig ne d o r Una ppro pria te d – – w/ o Re stric te d c a rryo ve rs = $11.70 Millio n
Var ianc e for Unr e str ic te d Monie s was $549,000, r e sulting in: T
e str ic te d “Sur plus” of $671,000
$0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
$11.1 $9.4 $11.0 $11.3 $11.0 $13.2
New Appropriations; Budgeting Carryovers Evaluate Spending & Adjust Expenditures Closing of Books
Unaudited Actual Results Adopted Budget 2014-15 2014-15 Working Budget
Projection
September 2015 June 2014
Se pte mb e r 2014
re sults fo r 2013-14 pre se nte d to Bo a rd
L CAP/ Annua l Budg e t fa c t she e ts to sta ke ho lde rs
Oc to b e r 2014
q ue stio ns/ pro vide a dditio na l info rma tio n o n 2014- 15 L CAP a nd Budg e t
No ve mb e r 2014
L CAP/ Budg e t De ve lo pme nt Pro c e ss – F irst L CAP/ Budg e t Co mmitte e Me e ting – Disc uss 2014-15 L CAP a nd Budg e t
De c e mb e r 2014
irst Inte rim fo r 2014- 15 pre se nte d to Bo a rd
Ja nua ry 2015
Sta te Budg e t Pro po sa l
CAP/ Budg e t Co mmitte e Me e ting – o utlo o k fo r 2015-16 b a se d o n Go ve rno r’ s pro po sa l
F e b rua ry 2015
Bo a rd – Go ve rno r’ s 2015-16 Budg e t Pro po sa l
CAP/ Budg e t Co mmitte e Me e ting – Re vie w 2014-15, g e ne ra te ide a s fo r 2015-16 Surve y
Ma rc h 2015
pre se nte d to Bo a rd
CAP/ Budg e t Co mmitte e Me e ting –Re vie w Surve y re sults, fo rma lize re c o mme nda tio ns fo r 2015-16
April 2015
CAP
CAP/ Budg e t Co mmitte e Me e ting (if ne c e ssa ry) to fina lize L CAP
Ma y 2015
ina l re visio ns ma de to L CAP
Re visio n Budg e t Pro po sa l
June 2015
Bo a rd – Ma y Re vise
L CAP a nd Annua l Budg e t pre se nte d to Bo a rd
CAP a nd Budg e t Ado pte d
– We do know some things:
–
The specific actions in our LCAP
–
How we will measure the actions in the LCAP
–
Funding for 2014-15 – BUT…
–
Many things left undetermined or undefined:
–
How will accountability for the LCAP plan itself be measured by the State?
–
How much additional revenue will the district get in 2015-16?
–
Will we receive enough revenue to cover rising costs of benefits and goods?
–
What if most the additional revenue received is from supplemental and concentration grants but we do not have enough based grant dollars to cover the rising costs?
–
If we get ample additional revenue in 2015-16, what specific actions should be included in the LCAP so that students benefit most? – Collaboration of key stakeholders is essential!