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TWIN RIVERS UNIFIED

TWIN RIVERS UNIFIED . 2011/12 ADOPTED BUDGET Presented to the Board of Trustees June 28, 2011. 2011/12 GENERAL FUND. 2011/12 GENERAL FUND REVENUES. 2011/12 REVENUE LIMIT ADA vs P2 ADA – K/12. 2011-12 Revenue Limit. 2.24% Cost of Living Adjustment

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TWIN RIVERS UNIFIED

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  1. TWIN RIVERS UNIFIED 2011/12 ADOPTED BUDGET Presented to the Board of Trustees June 28, 2011

  2. 2011/12 GENERAL FUND

  3. 2011/12 GENERAL FUND REVENUES

  4. 2011/12 REVENUE LIMIT ADA vs P2 ADA – K/12

  5. 2011-12 Revenue Limit • 2.24% Cost of Living Adjustment • Apply 2011-12 deficit of19.754% to our undeficited2011-12 revenue limit (RL)per ADA • Twin Rivers USD • Loss of $1,448 per ADA • $1,448 x 23,740 ADA = $34,375,520 loss of revenue $7,330 $7,330 Deficit Factor Reduction $1,448 (19.754%) 2011-12 Revenue Limit Funding • Funded RL • = $7,330 – ($7,330 x 0.19754) • = $7,330 – $1,448 • = $5,882 $5,882

  6. 2011/12 P2 ADA - Charter

  7. REVENUES • FEDERAL REVENUE: • One-time funding eliminated: • American Recovery and Reinvestments Act (ARRA) of $1.2 million • Education Jobs Funds of $5.6 million • 15% reduction to Title I and 20% reduction to Title II, Teacher Quality • Deferred revenue: • Estimated at $13.5 million • Only $1.7 million is reflected in the Adopted Budget • Remainder will be budgeted at First Interim once the actuals are known

  8. REVENUES - Continued • STATE REVENUE: • English Language Acquisition Program now a part of Economic Impact Aid (EIA) • EIA reduced 10% • QEIA and ASES reduced • CSR remains the same as prior year • No Mandated Cost • One-time funding eliminated • Lottery per student rate is $128.50 • SBx3 4 Flexibility • LOCAL REVENUE: • Interest Income • One-time funding eliminated • State Special Ed – no COLA or cut from SELPA

  9. 2011/12 GENERAL FUND EXPENDITURES

  10. EXPENDITURES • CERTIFICATED SALARIES: • Current position control • Unrestricted vs. restricted • CLASSIFIED SALARIES: • Current position control • Unrestricted vs. restricted • BENEFITS • 2011/2012 CATEGORICAL CARRYOVER • Not included • LUMPSUM • $28.85 elementary, $53 junior high, $90.85 high school • RRMA @ 2.20% • CONTRIBUTIONS • Transportation • Special Education • Community Day School

  11. Adult Education Fund Other Funds Child Development Fund

  12. Cafeteria Fund Other Funds - continued Deferred Maintenance Fund

  13. Special Reserve Fund Other Funds - continued Special Reserve Fund for Post-Employment

  14. Building Fund Other Funds - continued Capital Facilities Fund-Developer Fees

  15. County School Facility Fund Other Funds - continued Special Reserve Fund for Capital Outlay Projects

  16. Other Enterprise Fund Other Funds - continued Retiree Benefit Fund

  17. 2012/13 GENERAL FUND - PROJECTIONS

  18. 2013/14 GENERAL FUND – PROJECTONS

  19. SACS BUDGET FORMS • Budget Certification • Average Daily Attendance • Revenue Limit Summary • Multi Year Projections – General Fund • Summary of Interfund Activities • Current Expense Formula/Minimum Classroom Compensation • Schedule of Capital Assets – 2010/11 • Schedule of Long-Term Liabilities – 2010/11 • Other Funds • Criteria and Standards

  20. NEXT STEPS • Once the State adopts a 2011/12 Budget, staff will present a budget revision to the Board within 45 days. • Any questions?

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