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Financial Slides for July 23, 2002 BOE Meeting

Financial Slides for July 23, 2002 BOE Meeting. Resource Changes (>$500K) Schedule 1 – Income for 2002/03. Changes Since July 9, 2002. Amount ($M). ITEM. 1 Special Education Federal base year adjust. $ 1.4. 2 Property Tax – Charter Schools – assess value & ADA. $ 1.2.

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Financial Slides for July 23, 2002 BOE Meeting

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  1. Financial Slides for July 23, 2002 BOE Meeting

  2. Resource Changes (>$500K) Schedule 1 – Income for 2002/03 Changes Since July 9, 2002 Amount ($M) ITEM 1 Special Education Federal base year adjust. $ 1.4 2 Property Tax – Charter Schools – assess value & ADA $ 1.2 3 Instructional Materials Block Grant reductions by Legislature $ (3.4) 4 Federal Impact Aid increase estimated receipts $ 2.4

  3. Resource Changes (>$500K) Schedule 1 – Income for 2002/03 Changes Since July 9, 2002 Amount ($M) ITEM 5 Other Income A Interest $ 6.0 B Prop. O support to Deferred Maint. Programs $ (2.0) C Mandated Cost non deferral of some claims by state $ 2.0 D TIIG (Integration) amendment to law $ 0.7 E Lottery revised projection related to ADA/rate $ (0.7) F Lease income deleted from projections $ (1.0) G Net of all other adjustments < $500,000 $ 0.1 • Total of Other Income $ 5.1

  4. 1 Revenue Limit (ADA, Equalization Aid, PERS) $ 2.1 2 Lottery higher earnings $ 0.6 3 Special Education add'l Federal and State $ 1.9 4 Mandated Costs GASB 33 income recognition required $ 10.8 5 Interest earnings on PY TRANS $ 6.9 6 State hourly programs higher than previous projection $ 1.7 Resource Changes (>$500K) Schedule 1A – Income for 2002/03 Changes Since July 9, 2002 Amount ITEM ($M)

  5. 7 TIIG (Integration) lose on charter school ADA $ (1.3) 8 AB 2041 funds not earned $ (1.4) 9 All Other Items no item < $500K $ 0.5 10 Net Improvement in Income $ 21.8 11 Decrease in Unspent Appropriations $ (13.0) Net Improvement in Beginning Balance $ 8.8 Resource Changes (>$500K) Schedule 1A – Income for 2002/03 Changes Since July 9, 2002 Amount ITEM ($M)

  6. Budget Reductions Schedule 2 (>$100K) Changes Since July 9, 2002 Item Amount ($M) • Contract Savings ($1.5) • Overtime and Hourlies ($1.0) • Temporary Service Agencies (eliminate in Cent. Ofc.) ($0.4) • Food Purchases (eliminate in Central Ofc.) ($0.1) • Reclassification Savings (suspending all studies) ($0.2)

  7. Budget Reductions Schedule 2 (>$100K) (cont.) Changes Since July 9, 2002 Item Amount ($M) • Position Management Process ($1.0) • Travel/Conferences (Central Ofc. reductions) ($0.4) • Executive Dir & Secy pos shown 2x in error $0.2 • Retiree Transfers ($0.1) • Interfund transfer (from Spec Ed to Bus Purchase) ($1.9)

  8. Budget AdditionsSchedule 3 (>$100K) Changes Since July 9, 2002 Item Amount ($M) • Inventory Buyout (Books – Language Arts/Math) $1.0 • 1% for Economic Uncertainties $0.2 • Point Loma Football Field $0.4 • Hoover Track/Football Field $0.5 • Pole Vault Pits $0.1 • Transfer of Positions from Unrestricted Capital $0.2 • e-Procurement Adjustment – Supply Accounts $0.8

  9. Budget AdditionsSchedule 3 (>$100K) (cont.) Changes Since July 9, 2002 Item Amount ($M) • Revised Fixed Benefits $0.5 • Mandated Costs Restricted Reserves $10.6 • TRANS Interest and Expenses $7.0 • Charter School Office $0.3 • Master Plan for Instructional Materials ($3.1) • Delete Approps. for Support To Child Dev Program ($0.2) • Accounts Payable $0.3

  10. Financial Slides for July 23, 2002 BOE Meeting

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