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Annual Budget Proposal 2009-10

Annual Budget Proposal 2009-10. Chief Business Official Tim Zearley. The Education Budget – September 2008. 2007 2008 2009. Fiscal Crisis November 2008 – February 2009. 2007 2008 2009. 2007 2008 2009 2010.

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Annual Budget Proposal 2009-10

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  1. Annual Budget Proposal2009-10 Chief Business Official Tim Zearley

  2. The Education Budget – September 2008 2007 2008 2009

  3. Fiscal Crisis November 2008 – February 2009 2007 2008 2009 2007 2008 2009 2010

  4. The Role Of Flexibility And Federal Stimulus Funds 2007 2008 2009 2007 2008 2009 2010 2011 2012

  5. Major May Revision Proposals • The projected deficit is now $24.3 billion with the failure of the May 19 special election ballot measures and falling revenue projections. • This after $34 billion in cuts already with February Budget enactment

  6. Proposition 98 • Proposition 98 establishes the minimum funding guarantee for K-12 and community colleges, based on formulas set in the State Constitution • The guarantee has dropped for both 2008-09 and 2009-10 because of the continued fall in state revenues • The Governor proposes to fund K-14 education at the newly calculated minimum level: • 2008-09 – $49.091 billion • 2009-10 – $50.407 billion

  7. 2008-09 Proposition 98 Guarantee CCC Reduction • $1.3 K-12 Billion Revenue Limit Cuts • $114 Million HPSG

  8. 2009-10 Proposition 98 Guarantee

  9. 2008-09 Deficit Applied

  10. 2009-10 Deficit Applied

  11. The Lost Decade • The cuts sustained so far plus the May Revision's additional cuts erase almost a decade's worth of increased spending power for California schools • The last time California's per-pupil spending was at this level, adjusted for inflation, was 2000-01

  12. Revenue Limit Deficit Factor

  13. 2008-09 DPOLJUSD Revenue Limit

  14. 2009-10 DPOLJUSD Revenue Limit – May Revision 1

  15. 2009-10 DPOLJUSD Revenue Limit – May Revision 2

  16. 2008-09 & 2009-10 Revenue Limit Reduction • Loss of revenue limit funding for 2008-09 $ 991,498 • Up from $400,000 in February • Loss of revenue limit funding for 2009-10 $ 830,505 • Could be $280,000 more • Loss of revenue for declining enrollment $ 524,161 • 2 year total loss of revenue $2,346,164 • Balanced with $1.5 million in expenditure reductions and $1 million in stimulus funds

  17. Categorical Funding Overview • With more than a billion dollars already cut from categoricals in 2008-09 and 2009-10, the Governor has stayed away from making proposals for further across-the-board cuts • However, there are a few programs that are proposed for significant reduction or elimination: • Home-to-School Transportation – reduced by 65% • Loss of $558,524 for DPOLJUSD not in proposed budget

  18. The Value Of Added Flexibility • Flexibility is like adding sugar to medicine – it may make it easier to handle, but side effects are unchanged • Given the magnitude of the additional cuts, additional flexibility is helpful, but not sufficient to soften the blow of the cuts • Flexibility cannot restore funding cuts • Cuts have already happened, and we must continue to avoid cuts in those areas where we have worked hardest to invest time, energy, and resources in recent years • We have established Professional Learning Communities through training and support and we don’t want to lose this • 80% of program requirements no longer apply to funding • As a result Board and District Priorities should now determine spending

  19. The ARRA Program Details • Much more is known now than in February, but there are many outstanding issues that are yet to be resolved • Just as the state has treated this funding as part of its Budget-balancing solution, so should LEAs • State Fiscal Stabilization Fund (SFSF) dollars will be necessary to offset cuts • Title I funds for many LEAs will be needed to offset reductions in base grants • Individuals with Disabilities Education Act (IDEA) funding will be needed to help control local contributions

  20. Deferrals

  21. Historical CBEDS Enrollment

  22. Enrollment and Attendance

  23. General Fund Revenues

  24. General Fund Expenditures

  25. Adopted General Fund History

  26. General fund Ending Balance History

  27. Approve the Budget? • Do we have adequate reserves?Yes • Are we deficit spending?No • It is a budget. Are our estimates reasonable?Yes • Can we sustain in MYP?Yes • If so, then you can confidently approve this budget.

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