1 / 6

LARKSPUR-CORTE MADERA SCHOOL DISTRICT

LARKSPUR-CORTE MADERA SCHOOL DISTRICT. FIRST INTERIM REPORT - 2013-14. Challenges of lcmsd transition year. NEW STATE FUNDING MODEL NEW ACCOUNTABILITY REQUIREMENTS IMPLEMENTATION OF NEW CURRICULUM STANDARDS NEW TESTING METHODS (SBAC)

fleur-castaneda
Download Presentation

LARKSPUR-CORTE MADERA SCHOOL DISTRICT

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. LARKSPUR-CORTE MADERA SCHOOL DISTRICT FIRST INTERIM REPORT - 2013-14

  2. Challenges of lcmsd transition year • NEW STATE FUNDING MODEL • NEW ACCOUNTABILITY REQUIREMENTS • IMPLEMENTATION OF NEW CURRICULUM STANDARDS • NEW TESTING METHODS (SBAC) • CDE FOOD SERVICE AUDIT (with new regulations and audit format) • NEW CHIEF BUSINESS OFFICER • MORE COMMITTEES/MEETINGS/PLANNING

  3. “what’s the difference?”(Between adopted and 1st Interim – GENERal fund) • REVENUES • No more identity crisis - LCMSD is “state funded”, not basic aid • Enrollment • LCFF/Property Taxes • Cash Flow • EXPENDITURES • Staffing • Two school  Three school model (start up costs, etc) • LCAP & Common Core Plans

  4. LOCAL CONTROL FUNDING the formula • CORE COMPONENTS • Calculation of district “floor” • Minimum State Aid • LCFF Target Target – Floor = gap • YEAR-TO-YEAR FUNDING CHANGES • ADA growth/decline • COLAs • Unduplicated EL, Free and Reduced counts • %age of implementation (gap) funding (ends at full implementation of LCFF)

  5. How it looks for LCMSD 2013-14 • TARGET = $10,606,211 • FLOOR = $ 8,396,621 • PY Deficited Revenue Limit Base x CY ADA = $7,417,002 • PY Categoricals = $979,619 • GAP = $10,606,211 - $8,396,621 = $2,209,600 Funded at 11.78% = $260,291 2014-15 • TARGET = $11,021,513 (adjusted by COLA & growth) • FLOOR = $ 8,811,992 (adjusted by growth & py gap adj) • GAP = $ 2,209,522 Funded at 16.49% = $364,350

  6. Cash flow – reverse eraf“how many triple flips can you do?” • WHAT HAPPENS TO CASH FLOW IN A STATE FUNDED DISTRICT? • Do we flow upstream? Do we flow downstream? Do we just get washed out to sea? • CASH FLOW and DEFERRALS • Marin is “Teeter” County • Basic Aid districts “paid” first • State apportionment recalculated paid out beginning Feb • Deferrals -> July

More Related