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Larkspur-Corte Madera School District

Larkspur-Corte Madera School District. DRAFT GENERAL FUND BUDGET 2012-13. April 25, 2012. Where do our assumptions come from?. State Government Governor Legislative Analysts Office Department Of Finance Education Coalition CTA, CSBA, ACSA, CASBO Financial Advisors/Overseers

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Larkspur-Corte Madera School District

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  1. Larkspur-Corte Madera School District DRAFTGENERAL FUND BUDGET 2012-13 April 25, 2012

  2. Where do our assumptions come from? State Government • Governor • Legislative Analysts Office • Department Of Finance Education Coalition • CTA, CSBA, ACSA, CASBO Financial Advisors/Overseers • School Services of California • Marin County Office of Education • County of Marin – Assessor, Treasurer Board/Staff Input • Board Policy • Staffing formulas • Trend Analysis

  3. Major Budget Categories 1000 – Certificated Salaries (teachers, admin) 2000 – Classified Salaries (secretaries, custodians, paraprofessionals, support staff) 3000 – Benefits (statutory deductions, h/w cap, retirees) 4000 – Materials & Supplies 5000 – Services & Contracts 6000 – Capital Outlay 7000 – Other outgo, financing uses, etc 8000 - Revenue

  4. 1000 – Certificated Salaries KEY ASSUMPTIONS INCLUDES: • Classroom teachers and specialists • Other Adjustments (stipends, subs, extra duty) • Administration (Principals/AP, Superintendent, Directors) Draft 1 adds 1 .4 FTE for growth and VAPA coaching shift. Only Step and Column, no COLA. New Hires budgeted at highest allowed per LCMTA contract.

  5. 2000 – Classified Salaries KEY ASSUMPTIONS Includes: • Admin Support (Secretaries, Admin Assists, Health Aide, Courier) • Instructional Support (Classroom Aides, Paraprofessionals) • Classified Management (Business Manager, VAPA Coordinator, Facilities Director) • Classified Support Staff (Custodians/Maintenance, Yard) • Extra Duty, subs, etc. Step increases only, no COLA All mid-year hires from prior year adjusted to full year. No classified staffing adds in this draft.

  6. 3000 - Benefits KEY ASSUMPTIONS STATUTORY BENEFITS (Employer costs) • STRS (Certificated) – 8.25% • PERS (Classified) – 11.2% (11.81 at 6 pm Tues) • FICA (classified) – 6.20% • Medicare – 1.45% • SUI (decrease) – 1.10% • Worker’s Comp - .712% (rate increase to .985% at 3 pm Tues) HEALTH/WELFARE Cap at $8393 OTHER Retiree benefits

  7. 4000 – Materials & Supplies KEY ASSUMPTIONS Books and Reference Materials Materials & Supplies Maintenance/Custodial VAPA Technology Non-capitalized Equipment Last year – 3 year Apple contract Technology

  8. 5000 – SERVICES & CONTRACTS KEY ASSUMPTIONS Major operating costs including but not limited to: • Workshops/Conferences • Insurance • Utilities • Maintenance Contracts (Copiers, Lycee lease agreement-last yr, maintenance) • Repairs,Rents,Leases - Maintenance • Employment costs (advertising, fingerprinting) • Audit fees, Election costs, Legal fees • Outside Contractors - Contracts for professional development and other outside agency services including MCOE financial system, internet access, web site maintenance, Special Ed Mandates.

  9. 7000 – Other Financing Uses KEY ASSUMPTIONS Other Outgo • Special Education Excess Cost Billback • Special Education Transportation Interfund Transfers • To Deferred Maintenance Direct/Indirect Costs

  10. 8000 - Revenue KEY ASSUMPTIONS Property Taxes/Revenue Limit • 1.5% growth from prior year • ADA=Moderate level, demographer study Federal Revenue • Includes Pre-school, no ARRA State Revenue • Maintains flexibility provisions • Includes “Basic Aid Fair Share” reduction reflected in CSR • Increased Mental Health to cover additional costs for shift of services from County to school districts. Local Revenue • Parcel Tax with 5% inflator SPARK • Increased Base Commitment per on-going budget development meetings

  11. BOARD RESERVES • State Required ( 3%) • Board Policy (+3% - twice the state required at a minimum)

  12. Assumptions of Note2013-14 and 2014-15 2013-14 REVENUES 100% reduction of Lycee lease revenue beginning this year Last year for Marin Community Foundation Grant 2% COLA applied to State Categoricals per SSC 100% reduction of Home-to-School Transportation funding EXPENDITURES Adds 1 FTE Certificated staff Includes only Step and Column Adds Election costs Includes 1/3 of 3-year technology plan projected (iPads) Increase to Special Ed Transportation due to 100% reduction of funding RESERVES Adds estimated effect of failure of Tax Initiative/s 2014-15 REVENUES 2% COLA applied to State Categoricals per SSC EXPENDITURES Adds 1 FTE Classified staff (custodian for new site) Includes only Step and Column Keeps in Election costs Includes second1/3 of 3-year technology plan projected (iPads).

  13. What’s still hanging out there? Weighted Student Formula • Anyones guess! Tax Initiatives • Of the two remaining which one (if any) will pass?

  14. NEXT STEPS May Revise (announced by May 15, SSC workshop May 21) • Latest on economic/political “landscape” Staffing Updates • Actual costs of new hires (salary schedule placement) Final rates for employer payroll costs, property & liability insurance e.g. • Usually firmed up by mid-late May

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