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2008-2009 Budget Adoption

2008-2009 Budget Adoption. Ramona Unified School District Board of Trustees June 17, 2008. Purpose. To approve the July 1 st Budget for 2008-2009 as required by California Education Code Required to submit to San Diego County Office of Education by July 1 st.

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2008-2009 Budget Adoption

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  1. 2008-2009 Budget Adoption Ramona Unified School District Board of Trustees June 17, 2008

  2. Purpose • To approve the July 1st Budget for 2008-2009 as required by California Education Code • Required to submit to San Diego County Office of Education by July 1st

  3. District’s Projected Financial Position • May Rev. Exp. Deficit 52,229,626 53,530,103 (1,300,477) • June Rev. Exp. Deficit 53,186,999 53,617,527 ( 430,528) Does not take into account any potential site, department or categorical carryover from current year

  4. 2007-2008 Ending Balance • 2007-2008 Estimated Actuals $1,960,773 • 2008-2009 set aside $ 800,000 • Recapture site/dept. budgets $ 208,592 • Line item revisions $ 515,000 • Revenue adjustments $ 209,000 • Vacation Balance $ 228,181

  5. Changes of the May Revise • Zero COLA to Revenue Limit $835,789 • Additional Revenues to Special Ed $ 47,234 • Dollars are set aside as part of ending balance • Local Changes • Addition of 9th Grade Math Class Size Reduction • Corresponding staff for added sections of math • Reduction to lottery revenue due to lower sales and, thus, lower projected revenues

  6. Assumptions • Zero percent COLA increase • 6.5% reduction to categorical programs • K-3 & 9th Grade Class Size Reduction • Transportation • Economic Impact Aid • Carl Washington Safety Grant • School & Library Improvement Block Grant

  7. Assumptions • ADA of 6,451, which is P2 for 2007-2008 • Health and Welfare 17% increase • Utilities 10% increase • Site Department budgets at current 2007-2008 funding levels • Step and Column increases with retirees incorporated into the budget

  8. Assumptions • Personnel Staffing Units (P.S.U.) at current levels, adjusted by site, based upon (increase or decrease) enrollment projections • The effect of reduction of force for Certificated, Classified, and Administrative Leadership Team is incorporated into the budget

  9. Assumptions • No carryover in any budget

  10. Assumptions • Open positions in the budget • Retirees and enrollment projections create a need for positions to be filled • 10 FTE open positions to be filled • 2 Math positions, at RHS, to facilitate implementation of 9th Grade Math CSR – no impact on general fund • Open positions represent approximately $780,000

  11. Assumptions – May Revise • May Revise revenue enhancements based upon either lottery or sales taxes • Senate and Assembly budget committee recommends increasing revenues for education, however, did not identify revenues to support enhancement • The true budget reality for 2008-2009 might not occur until after the November election or later • Remember 2003-2004 and post-election mid-year cut proposals

  12. Assumptions – May Revise • At this time, it would appear the school district will be provided some budget flexibility • Flexibility with Routine Restricted Maintenance Account and local match of Deferred Maintenance • Allows a decrease of the required 3% set-aside for RRMA to 2% • Reserve match for deferred maintenance until such time as budget picture clarification • Flexibility of both equates to $736,000, creating a reserve, or offset, against other expenditures in the remote chance that State revenues are less than anticipated in the current budget scenarios – Jan/May • Foregone capital improvement projects • Painting OPMS, Old RHS gym • Auto shop roof • Internet switches • Carpet • Others

  13. Assumptions – May Revise • Dollars for projects would be held until final State finan-cial picture is clear, which could mean delay of projects until January 2009 and in many cases until June 2009 • Creating a reserve fund and committing to not spending the set-aside until the budget picture solidifies will allow the district to fill 10 open positions and to move forward with implementing 9th Grade class size reduction – Please note the revenues to fill the two necessary CSR positions will come from new 9th Grade CSR funding and CAHSEE already received by the district – no impact in the general fund • Adoption of the budget as presented anticipates that staff will fill the 12 positions referred above and create a revenue reserve through a spending freeze on maintenance projects

  14. Conclusion • This is the beginning of the 2008-2009 fiscal year process • We have a balanced budget as we start….. • The closing numbers are what matter the most

  15. Other Funds • Adult Education • Revenues $80,175 • Expenses $67,928 • Ending Balance $72,263 • Food Services • Revenues $2,125,200 • Expenses $2,133,650 • Ending Balance $520,532

  16. Other Funds • Deferred Maintenance • Revenues $266,204 • Expenses $265,000 • Ending Balance $567,561 • Capital Facilities (Dev. Fees) • Revenues $450,000 • Expenses $230,000 • Ending Balance $4,036,589

  17. Other Funds • Health Ben. Fund (Fund 16) • Revenues $536,000 • Expenses $535,000 • Ending Balance $391,943 • Required Reserve Fund (17) • Revenues $150,000 • Expenses $150,000 • Ending Balance $3,067,165

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