Board presentation may 7 2009
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Board Presentation May 7, 2009 PowerPoint PPT Presentation

Folsom Cordova Unified School District. Board Presentation May 7, 2009. Major Mid-Year Revisions. 2008-09 Take back 0.68% COLA ($42/student) Further reduce revenue by $118 per student

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Board Presentation May 7, 2009

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Board presentation may 7 2009

Folsom Cordova Unified

School District

Board Presentation

May 7, 2009


Major mid year revisions

Major Mid-Year Revisions

2008-09

  • Take back 0.68% COLA ($42/student)

  • Further reduce revenue by $118 per student

  • Reduction of $462,000 in categorical programs that encroach into non-categorical general fund (unrestricted)

    Loss to FCUSD = $3.35 million

    Use savings from spending chill and categorical funds


Categorical flexibility three tiers

Categorical FlexibilityThree Tiers

Tier I-no reductions or flexibility

Tier II-reductions; no flexibility

Tier III-reductions; total flexibility (39 programs)

Provision for redirecting some categorical dollars is permitted through 2012/13

Categorical funding reductions of 15.6% are slated for 2008/09 and additional 4.9% cut in 2009-10

Reductions continue through 2012/13

Requirements of 39 programs affected are deemed to be met


15 reduction and flexibility

15% reduction and flexibility

Categorical programs:

  • School/Library Improvement Program (SLIP)

  • ROP and CTE Grants

  • Adult Education and CBET

  • Instructional Materials (regular and ESL)

  • Gifted and Talented (GATE)

  • School Safety Grants, Cal Safe

  • Professional Development, PAR, and other training

  • PE, Music, and Arts Grants

  • School Counseling Grant

  • CAHSEE Intensive Instruction

  • One-time School Block Grants (prior years)


15 reduction and flexibility1

15% reduction and flexibility

Categorical programs:

  • Ninth Grade CSR

  • Community Day School

  • Continuation Education (Pupil Retention Grant)

  • Targeted Instruction Improvement Grant (Ed Tech/Transp)

  • Supplemental Instruction (Hourly Intervention Programs and Summer School)

    All of these programs encroach into unrestricted general ed funding; general fund has taken a further reduction of $462,000


Flexibility in class sizes grades k 3

Flexibility in Class Sizes Grades K-3

Financial penalties are modified to be:

5% penalty from 20.45 – 21.44

10% penalty from 21.45 – 22.44

15% penalty from 22.45 – 22.94

20% penalty from 22.95 – 24.94

30% penalty from above 24.95

Reduced funding for the first 20 students in these classes

No funding for remainder of students


Federal stimulus package

Federal Stimulus Package

  • $450,000 net after loss of regular Title 1 allocation

    • Title 1 (services to low income and academically at risk students)

  • $1,782,500

    • IDEA Special Education

    • FCUSD can fund the special education increased costs with these dollars (new programs for 09-10 $784,000)

    • And use to offset other increased costs previously paid by the general fund ($998,500)


Multi year projections

Multi-Year Projections

Assumptions:

  • No COLA 2009-10, 2010-11 or 2011-12

  • No Enrollment Growth

  • Further Reductions in Both Base Revenue and Categoricals

  • Implementation of $2.7 Million Ongoing Budget Cuts in 2009-10

  • Use of Categorical Funds to Fill Remaining Budget Gap

  • Additional Cuts Needed in 2010-11 and 2011-12


2009 10

2009-10

  • All reductions from 2008-09 still in place

    • Ongoing loss of $3.35 million

  • Further reduction of $45 per student

    • Ongoing loss of $800,000

  • Increases for ongoing obligations for step/column, health benefits, utilities, P&L insurance, etc. ongoing costs of $2.78 million

  • Ongoing structural deficit of $6.93 million


2009 10 fcusd

2009/10 FCUSD

$6,930,000 Ongoing shortfall

- 6,218,000 Proposed budget cuts

$ 712,000Remaining shortfall

Will need to identify additional

cuts or revenue

before June budget adoption


2010 11 fcusd

2010/11 FCUSD

  • No COLA from the state

  • New ongoing costs

    • Step and column

    • Health benefits

    • Utilities

    • Property and liability insurance

  • Estimate $3.5 million in cuts to fund the above items

  • Last year of IDEA (spec ed) Federal Stimulus


2011 12

2011-12

No State COLA

Loss of Federal IDEA (spec ed) $998,000

Loss of one-time use of categoricaldollars (Deferred Maintenance) $600,000

Additional on-going costs for step, column, health benefits, utilities, etc $3 million

Additional budget cuts of $4.598 million


Board presentation may 7

Waiting…the longer we wait the more we MAY know


Federal stimulus

Federal Stimulus

  • State Fiscal Stabilization Fund (SFSF)

    • District submitted application 4/23/09

    • $2.6 billion state-wide for K-12

    • One-time appropriation to help stabilize state and local education budgets

      • Spend funds to save jobs

      • School improvement and reform

      • Ensure transparency

      • Minimize the “funding cliff”

    • Obligate funds by September 30, 2011

    • $4.9 million plus additional amt for categoricals


Special election 5 8 billion

Special Election - $5.8 billion

  • Prop 1A – Spending Cap/Rainy Day Fund

    • 12.5% fully funded

    • Next priorities: Prop 98, debt, infrastructure, unfunded liabilities for retirees

  • Prop 1B – Education Funding

    • $9.3 billion repayment to education over five years starting in 2011/12

  • Prop 1C - Securitize to Lottery (bonds)

    • Dollars to education frozen at 2008-09 amounts

  • Prop 1D – Redirect Prop 63 Funds (Mental HealthServices passed in 2004)

  • Prop 1E – Redirect Prop 10 Funds (Early Child Development passed in 1998)

  • Even if passed, state has $2.4b deficit June 30, 2009


The new date for may revise

The New Date for May Revise

  • Usually by May 15

  • Delayed until June 8 this year

  • Results from May 19 special election

  • Changes in the economy

  • If election fails or economy is worse, there may be additional cuts to education

  • Another window for layoffs, if needed, may be available July 1 – August 15 (Ed Code 44955.5 applies if COLA is less than 2%)


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