Conejo Valley Unified School District

1. Conejo Valley Unified School District Budget Update District Advisory Committee April 12, 2011

2. 2010-11 CVUSD UGF (2nd Interim) • Estimated Recurring Deficit $(2,100,000) • Estimated Ending Balance $ 18,546,000 • Detail Follows

3. 2010-11 2nd Interim Estimated Ending Balance $18,546,000 3% Reserve $ 4,954,000 Stores/Rev. Cash $ 213,000 Program Carryover/Sup Hours $ 183,000 Audit/Mental Health Reserve $ 600,000 2010-11 BRL Restoration (Oct.) $ 5,400,000 Fed. Jobs Fund-Bal after 5 Days $ 1,482,000 • Originally $4 million (Oct.) 11-12 Budget Dev. $ 4,514,000 • 9-10 Ending Balance $2.9 (Sept.) • Man.Costs/10% Stimulus $1.5 (March) 10-11 End Balance Fallout $ 1,200,000

4. 2011-12 CVUSD UGFEstimated Adopted Budget Deficit • Estimated Recurring Deficit $(4,400,000) • 10-11 1st Interim $2.1 million • Net Step/Column $1.2 million • Health Benefits $0.5 million • Decline. Enroll. $0.3 million • Misc. $0.3 million • Estimated Ending Balance $12,600,000 • Excludes 3% Reserve/Carryovers

5. 2011-12 State Education Budget ScenariosCVUSD Impact • Election Passes • $0.4 million loss ($19 per ADA) • $4.8 million CVUSD recurring deficit • Election Fails – Prop. 98 Minimum • $7.0 million loss ($19 + $330 per ADA) • $11.4 million CVUSD recurring deficit • Election Fails – Suspend 98 to “Fair Share” • $16.5 million loss? ($800 per ADA?) • $20.9 million CVUSD recurring deficit

6. 2011-12 Best Case – Taxes Pass Est. Recurring Deficit $(4.8 million) Avail. Est. End Balance $12.6 million Recommended Strategy: • No Cuts • Use $4.8 million reserve to cover deficit • Consider limited restorations with reserves • Preserve unspent reserves for 2012-13 Budget • 12-13 Deficit? - $3.8 million

7. 2011-12 Moderate Case – Taxes FailProp. 98 Minimum Est. Recurring Deficit $(11.4 million) Avail. Est. End Balance $12.6 million Recommended Strategy: • Make $4.0 million in hard cuts • Use $7.4million reserve to cover deficit • Preserve other reserves ($5.2 million)for 2012-13 Budget • 12-13 Deficit? - $6.4 million

8. 2011-12 Worst Case – Taxes FailProp. 98 Suspended Est. Recurring Deficit $(20.9 million) Avail. Est. End Balance $ 12.6 million Recommended Strategy: Make $4.0 million in hard cuts • Use $ 12.6 million budget dev. reserves • Use $4.3 million of 3% reserve ($0.7 million left) • 12-13 Deficit? - $15.9 million • PRAY FOR DELIVERANCE!!!

9. Framework for $4.3 Million Hard Cuts • District Office/District Support $ 250,000 • Park Oaks Closure $ 450,000 • Elementary Schools $ 250,000 • Middle Schools $ 300,000 • High Schools $ 450,000 • K-3, from 22 to 25 to 1 $ 900,000 • 4-12 from 30 to 31 to 1 $1,400,000 Total $4,000,000

10. $4.0 Million Hard Cuts Detail District Office/Support$250,000 • Eliminate Dir. Purchasing – Full Year - $66,000 • Eliminate Admin. Asst. – Facilities - $44,000 • Energy Ed. Consulting Contract - $80,000 • Restructure Pupil Services - $60,000 Elementary Schools$250,000 • Eliminate Elementary Counseling - $225,000 • Reduce OCBG by $3 per student - $25,000

11. $4.0 Million Hard Cuts Detail Middle Schools$300,000 • Eliminate Dept. Chair Periods (4.0 FTE) - $260,000 • Double Stipends, No Observations • Reduce SCS Tech Periods (0.6 FTE) - $40,000 High Schools$450,000 • Reduce 10 Coaching Stipends Per School - $100,000 • Eliminate Remedial Reading Sections - $90,000 • Eliminate 1.0 FTE ICT Per School (3.0 FTE) - $150,000 • Reduce OCBG by $4 per student - $30,000 • Eliminate CVHS Afternoon Program ( 0.6 FTE) - $40,000 • Reduce Adult Ed Learning Center/Tech Support - $40,000