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2009-10 3 rd Interim Report Jan Combes, Asst Supt Business May 19, 2010

2009-10 3 rd Interim Report Jan Combes, Asst Supt Business May 19, 2010. Summary. Review Changes Since March for our Current Year Operating Budget Revisit Projected Ending Balance June, 2010 and Reserves Review Multi Year Projections and 2010-11 Preliminary Budget.

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2009-10 3 rd Interim Report Jan Combes, Asst Supt Business May 19, 2010

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  1. 2009-103rd Interim ReportJan Combes, Asst Supt Business May 19, 2010

  2. Summary Review Changes Since March for our Current Year Operating Budget Revisit Projected Ending Balance June, 2010 and Reserves Review Multi Year Projections and 2010-11 Preliminary Budget

  3. 2009-10 Third Interim Compared to Second Interim (UR)

  4. 2009-10 Reserves = 9.57%

  5. Multi Year Projections (unrestricted) Excludes stores inventory, FMV, and Textbook set aside $1,257,801

  6. 2009-10 Income Changes • Reduction in Revenue Limit for 15 fewer estimated ADA at AFC = - $199,553 • Reduction in Revenue Limit - $398,944 for prior year RDA offset to local taxes (AB 1389) • Reduction in Federal Income Forest Reserve - $85,935 • Reduction in State Grants - $196,586 • Increase CSR Income + $172,800 • Increase in Local Grants = $96,058, primarily donations to school sites

  7. 2009-10 Expense Changes $88,917 less in expenses projected as a result of aligning position control (salaries and benefits), allocating new local income (primarily donations) $1,180,828 less in encroachment to Special Education: allocation of Special Education Stimulus funding ($2.2 million over a two year period; has to be spent to be received) – previously planned to spread these dollars out over several years to “buy down” increase in special ed deficit

  8. 2010-11 Proposed Budget • “May Revise” workshop tomorrow • Publish 2010-11 Proposed Budget June 11 • Board will act to adopt 2010-11 Budget on June 16, following a Public Hearing • Absent any significant changes, we will return to unapproved budget status as a result of the looming deficit in 2011-12

  9. 2010-11 Budget Assumptions • -.38% COLA from State • Additional reduction of $201 per student • 401 fewer students in 2010-11 • 21 fewer teachers in 2010-11 • Budget reductions as outlined on March 3 • Health Contribution at “Red Plan” rates with exception of CSEA ($807 per month) • Step Costs, net of retirements, estimated at 1.5% for CUTA and 2% for CSEA • No anticipated savings from negotiations proposals • CUTA negotiating with help of state mediator May 20, 26, June, 1 and June 2 • CSEA negotiations are continuing

  10. Questions ?

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