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Ramona Unified School District

Ramona Unified School District. July 1 st Budget Adoption For The 2011-2012 Fiscal Year June 16, 2011. Tonight’s Discussion.

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Ramona Unified School District

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  1. Ramona Unified School District July 1st Budget Adoption For The 2011-2012 Fiscal Year June 16, 2011

  2. Tonight’s Discussion • Update on the changes that have occurred since May and the news following the Legislature’s adoption of a budget on Wednesday and the Governor’s veto this morning of that budget • Governor’s budget revision • San Diego County Office of Education’s directive to school districts • Look at 2 different financial scenarios • Other funds

  3. Update from May • May 16, 2011, the Governor presented the May Budget Revision of his January Budget Proposal • Governor is recognizing the additional $6.6 Billion in anticipated revenue over the 2010-2012 fiscal years • Cautions that State still has a structural deficit • To balance the budget, the Governor assumes the extension of the temporary taxes • For Education • Prop. 98 will increase by $3 Billion • However, this increase WILL NOT translate into additional expenditures for schools • It reverses $2.1 Billion in apportionment deferrals

  4. Update from May • Local budgets will be similar to full funding of the January Budget Proposal • Provides $222 Million to education to fund mental health and out-of-home care for special education students, which was previously borne by counties • Not sure how these dollars will be distributed to SELPAs and then to the local school districts that incur the expenses

  5. Update From May • San Diego County Office of Education • Continues with their direction of budgeting for a scenario in which the taxes are not extended • Leaves State and, thus, local school district budgets with a reduction of revenues • Directing a reduction of $330 per ADA to revenue limits • Means a $2 Million reduction for Ramona • Budget expenses for county mental health services

  6. 2011-2012 July 1st BudgetBased On $330 per ADA Reduction • Total Revenues $43,738,522 • Total Expenses $49,659,263 • Difference $(5,920,741) • 2010-2011 Estimated Ending Balance $4,935,574 • 2011-2012 Estimated Ending Balance $833 • Infusion of $986,000 from Special Reserve Fund will fill in the gap

  7. Reserves • If all revenues and expenditures are correct, and every budget is spent to zero, the reserves would be: • $833 in general fund on June 30, 2012 • $1,498,946 in special reserve fund • Total $1,499,779 • This is only $10,021 above the 3% State minimum reserve

  8. Multi-Year Projection:Based On $330 per ADA Reduction

  9. Assumptions of Adopted Budget • $330 per ADA reduction • $650,00 in expenses for county mental health services • 5,214.61 average daily attendance for revenues limit • Reduction in expenses due to retirements, layoffs and reductions to staff • 16.5% increase for health benefits ($900,000) • Increased flexibility from ROP and Title II dollars • $30 per student reduction from school sites • COLA increases for 2012-13 (3.20%) and 2013-14 (2.7%) are included • All Federal Jobs Bill and ARRA dollars are spent

  10. The Last 24 Hours in Sacramento • Wednesday evening, the legislators passed a budget upon party lines • It did not have any temporary taxes sought by the Governor • Relies on gimmicks • Thursday morning, Governor vetoed this budget, stating the budget he received is not a balanced solution and is not financeable or feasible • So we continue to wait to see what is next in this chapter

  11. A Flat Funded Budget • With the passage from the legislators and a signature from the Governor of a flat funded budget, the multi-year projection becomes much different • No $330 per ADA reduction • Funding for county mental health

  12. Multi-Year Projection:Based On Flat Funding

  13. Uncertainties • Final State Budget • What version of which proposal will eventual pass, or what will be the compromises? • How long will it take until a budget is passed AND signed? • Economy • Enrollment • How many students, what grade levels, and which schools will students attend • What will be the final increase to health insurance • Information in July from renewals and possible new health insurance provider

  14. What’s Next • Continue what we have been doing • Stay on top of the changing information • Keep the Board, staff, parents, and community informed • What layoffs, if any, can we call back • Closing of the books for 2010-2011 • Ending balance for 2010-2011 will have a major impact on the budgets for next year and 2012-2013

  15. Other Funds • Food Services • Revenues $2,058,500 • Expenses $2,094,264 • Ending Balance $521,618 • Capital Facilities (Dev. Fees) • Revenues $350,000 • Expenses $ 979,254 • Ending Balance $6,767,531 • Cash with Fiscal Agent$5,053,456 • Balance of and Reserve Fund of COPs • Remaining Balance $ 1,735,075

  16. Other Funds • Self Insurance Fund (Fund 67) • Revenues $566,000 • Expenses $528,077 • Ending Balance $363,339 • Required Reserve Fund (17) • Revenues $ 89,000 • Expenses $986,000 • Ending Balance $1,498,946

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