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SANTA PAULA ELEMENTARY SCHOOL DISTRICT

SANTA PAULA ELEMENTARY SCHOOL DISTRICT. BUDGET UPDATE FEBRUARY 14, 2012. DEFICIT SPENDING IN 2012-13. In 2012-13 expenditures exceed revenues. The degree of deficit spending depends on whether the Governor’s proposed tax initiative passes or fails. To match expenditures to

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SANTA PAULA ELEMENTARY SCHOOL DISTRICT

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  1. SANTA PAULA ELEMENTARY SCHOOL DISTRICT BUDGET UPDATE FEBRUARY 14, 2012

  2. DEFICIT SPENDING IN 2012-13 • In 2012-13 expenditures • exceed revenues. • The degree of deficit • spending depends on whether the Governor’s proposed tax initiative passes or fails. • To match expenditures to • revenues we need to reduce spending by $1.3 to $2.6 million. Tax Initiative Passes Tax Initiative Fails

  3. 2012-13 BUDGET OPTIONS • Management/Confidential • Furlough day $12,600 • 1% salary & benefits $28,500 • Mileage Stipends $34,500 • Staffing Reductions • SPFT • Furlough day $71,400 • 1% salary & benefits $128,200 • Class Size/Staffing Reductions • CSEA • Furlough day $19,100 • 1% salary & benefits $44,000 • Staffing Reductions

  4. Multi Year Projection – Two Scenarios:Effect of Expenditure Reductions on Budget Stabilization if Taxes Pass. 31A Scenario #1: Current Staffing/Furlough/Mileage Stipends in 2012-13 Only Scenario #2: Current Staffing/Furlough/Mileage Stipends Ongoing **Reduced by $51,337 from January 31, 2011 estimates based on SB 81 recently signed by the Governor. Trigger language previously included a $13/ADA cut to RL and a loss of 50% of transportation funding. Now the trigger cut is $53/ADA and NO loss of transportation funding.

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