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FONTANA UNIFIED SCHOOL DISTRICT

FONTANA UNIFIED SCHOOL DISTRICT. 2011-2012 2 nd Interim Report March 7, 2012. State Funding. Mid-Year Reductions Cut ADA funding Eliminated Transportation Changed to Higher Deficit Factor (SB 81 ) Eliminated Funding for Transitional Kindergarten

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FONTANA UNIFIED SCHOOL DISTRICT

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  1. FONTANA UNIFIED SCHOOL DISTRICT 2011-2012 2nd Interim Report March 7, 2012 State Funding

  2. Mid-Year Reductions • Cut ADA funding • Eliminated Transportation • Changed to Higher Deficit Factor (SB 81) • Eliminated Funding for Transitional Kindergarten • Proposed new Funding Formula for K-12 Education • Potential ADA Reduction of $370/ADA Dependent on Increase in Taxes Major changes by governor

  3. Funded ADA vs. P-2 ADA

  4. ADA Comparison

  5. Projected ADA for 2012-2013 based on P-1 ADA for 2011-2012 • 38,798.66 • Potential ADA for 2012-2013 if Increase ADA for 2011-2012 • 39,254.38 • Difference in Potential Increase in ADA • 455.72 • Potential Revenue from increase in ADA • $2,210,013.28 Revenue Increase due to Increase in ADA

  6. Unrestricted Revenue Comparison Unrestricted Expenditure Comparison

  7. Changes In Revenue for 11-12 • Adjusted ADA (-20.22) • (-$104,398) • Governor’s Trigger in Reduction of ADA • $13 per Student (-$507,111) • Elimination of 50% Transportation Funding • 50% is equal to approximately (-$750,000.00) • SB81 (-$1,664,759)

  8. Changes In Revenue for 12-13 • Governors Proposal of Flat Funding • Increase in Deficit Factor (2.446 %) • $6.3 million • Reduction of $370 per ADA • $14.3 million Total Reduction in Revenue $20,600,000

  9. Governors Proposal of Flat Funding • Increase in Deficit Factor (2.446%) • $7.2 million • Reduction of $370 per ADA • $14.2 million Changes In Revenue for 13-14 Total Reduction in Revenue $21,400,000

  10. Changes In Expenditures for 2011-2012 • Salary Adjustments • Decrease Expenses by $1,500,000 • Capital Outlay • Increase by $200,000 Decrease by $1,300,000

  11. Changes In Expenditures for 2012-2013 • Salary/FTE Adjustments • Decrease by -$2,700,000 • Employee Benefits Adjustments (7%) • Decrease by $1,600,000 Decrease by $4,300,000

  12. Changes In Expenditures for 2013-2014 • Salary/FTE Adjustments • Decrease Expenses by $3,300,000 • Employee Benefits Adjustments (7%) • Decrease by $2,500,000 Decrease by $5,800,000

  13. Unrestricted Fund Balance

  14. Qualified Budget for 2nd Interim Report • Due to Revenue Uncertainties • Reduction in Revenue Hinging on Potential Tax Increases • Need to make $14,500,000 in reduction by 2013-2014 • Increase Revenue • Reduce Expenditures • Union Concessions • Reduce Staff

  15. QUESTIONS?

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