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Yosemite Unified School District 2013-14 budget

Yosemite Unified School District 2013-14 budget. June 24, 2013. 2012-13 Year in Review. Superintendent hired in July of 2012. Asst Sup/CBO hired December of 2012 Qualified Financial Status 1 st Interim 2012-13 (10/2012) 2 nd Interim 2012-13 (01/2013) 3 rd Interim 2012-13 (04/2013)

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Yosemite Unified School District 2013-14 budget

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  1. Yosemite Unified School District2013-14 budget June 24, 2013

  2. 2012-13 Year in Review • Superintendent hired in July of 2012. • Asst Sup/CBO hired December of 2012 • Qualified Financial Status • 1st Interim 2012-13 (10/2012) • 2nd Interim 2012-13 (01/2013) • 3rd Interim 2012-13 (04/2013) • Prop 30 passed in November of 2012 • District of Declining Enrollment/ADA • Continue Reductions to offset years of deficit spending

  3. 2012-13 year in review • Projections based on consistent funding levels throughout year and flat enrollment/ADA • Financial reports throughout year, projected need of $1.2MM reductions to get to 3% reserve requirement in 2013-14. • Made tremendous progress, but still have need for more reductions or increased revenue for 2013-14. • Governor has apparently succeeded in changing future funding calculations for education. • Local Control Funding Formula (LCFF) has been debated and will be rolled out in early 2013-14 budget year.

  4. 2013-14 budget update • Current budget revenue is based on “old” revenue limit funding model. • Conversion to LCFF may increase revenue for YUSD even though we do not receive increase due to ELL or FRLMP participants percentage. • 45 days after budget signed, Staff to bring back changes to board

  5. Myp

  6. User friendly budget

  7. ADA

  8. assumptions • Flat enrollment of 1768 • Continued Necessary School Funding. • Complete Lease Refinance w/o general fund payment for next three years. • Continue to openly negotiate and discuss reductions with bargaining units. • Continue to review property alternatives-future sales.

  9. 2013-14 Budget • “Don’t judge each day by the harvest you reap but by the seeds that you plant.” • Robert Louis Stevenson

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