1 / 6

West Contra Costa Unified School District January 4, 2012

West Contra Costa Unified School District January 4, 2012. 2011-12 Budget Update. Multi Year Projection 2011-12 Mid Year Trigger Estimates Unrestricted General Fund. Chart in Thousands. Multi Year Projection.

grazia
Download Presentation

West Contra Costa Unified School District January 4, 2012

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. West Contra CostaUnified School DistrictJanuary 4, 2012 2011-12 Budget Update

  2. Multi Year Projection 2011-12 Mid Year Trigger EstimatesUnrestricted General Fund Chart in Thousands

  3. Multi Year Projection All years assume zero COLA due to ongoing State fiscal crisis and pending information on the Governor’s Proposed Budget • 2011-12 • Will meet 3% reserve • Use of Special Reserve Fund $872,000 • Mid Year Trigger $1.4 million enacted • Changes Reserves – but enacts actual revenue reductions • 2012-13 • Will meet 3% reserve • Reserve for Mid-Year Triggers for 2012-13 will be needed • Use of Special Reserve fund $2.8 million • 2013-14 • Will meet 3% reserve • Use of Special Reserve fund $6.6 million

  4. K-3 Class Size Reduction • The Parcel Tax will pay $1.9 million toward the reduction of class sizes in grades K-3 • If the Governor’s Budget funding levels are greater than current assumptions the funding will be added to the K-3 Class Size Reduction program – up to the $2.4 million prioritized by the Board

  5. State Outlook • Governors Budget will be released January 10 • Governor released a letter indicating a ballot initiative in November will be a part of the budget proposal • This means uncertainty of 2012-13 until after the November election • 2012-13 Mid-Year triggers are likely

  6. Next Steps Governor’s January Budget Analysis January 17 – Sacramento • Staff will update the Board at each meeting • Community Budget Meetings 6:30 – 8:00 PM • Financial reports available on the web http://www.wccusd.net/

More Related