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Budget Adoption 2014-2015

Budget Adoption 2014-2015. Ramona Unified School District June 26, 2014. Budget Puts Kids First. Highlights of this budget include: Lowering of class sizes K-3 in concert with the Ramona Teachers Association agreement

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Budget Adoption 2014-2015

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  1. Budget Adoption 2014-2015 Ramona Unified School District June 26, 2014

  2. Budget Puts Kids First • Highlights of this budget include: • Lowering of class sizes K-3 in concert with the Ramona Teachers Association agreement • Expanding course offerings in middle and high school (PLTW, French, Construction, Guitar, Ag) • Extensive professional development • Dollars for new instructional materials for mathematics • Help for the upgrade of technology • Support for a Facilities Improvements Committee

  3. 2014-2015 RUSD Projection • Revenues $46,993,593 • Expenses $49,351,722 • Difference (structural imbalance) ($ 2,358,129) • Projected Beginning Balance $ 3,934,658 (July 1, 2014) • Ending Balance $ 1,576,529 (Projected for June 30, 2015) • Fund 17, Special Reserve Fund, houses the 3% reserve -- or $1,480,552-- which is not reflected in the above number or in the multi-year projections

  4. Changes to Proposed Budget Presented on June 11 • Since June 11, the State budget was approved by the legislators and signed by Governor Brown • Slight increase to LCFF • CalSTRS employee rate decrease • Decrease in projected health insurance rates • Final rates will be presented to the Insurance Committee on June 30, 2014 • Change in revenue due to latest version of LCFF calculator

  5. Multi-Year Projections2014-2015 Budget

  6. Other Major Assumptions Not Inlcuded • Increase of backlogged Mandated Costs reimbursement payments • $400 million of one-time revenue was incorporated into the 2014-2015 budget • Uncertain of the actual dollars RUSD will receive in 2014-2015 • Higher LCFF “Gap” funding in 2015-2016 and 2016-2017 based upon Department of Finance projections • Uncertainty of “Group Out of Home Bed”revenues

  7. Conclusion With changes in these three assumptions, the three (3) year deficit would most likely be eliminated

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