LCFF and Budgets Understanding the Magic

1. LCFF and BudgetsUnderstanding the Magic Marlene Dunn Interim Chief Financial Officer Deborah Berry Business Services Consultant 2014 LACOE Leadership conference

2. How districts spend money* * 2012-13 Los Angeles County school districts, General Fund

3. How districts get money* • 2014-15 Los Angeles County school districts, General Fund Budgets

4. LCFF • Full implementation to take 8 years • Beginning 2013-14 • Goal to fully implement by 2020-21 • Floor – What was received in the prior year • Target – LCFF at full implementation • Gap – the difference between the Floor and the Target • Gap funding determined by State budget • No guarantee of Gap funding or full implementation by 2020-21

5. LCFF • Unrestricted Funding • Local Control and Accountability Plan developed by each agency determines expenditures • Some requirements to continue to spend the same amount on specific programs as in 2012-13 • Transportation – permanent • ROC/P and Adult Education - 2 year (2013-14 and 2014-15)

6. Local control funding formulaBASE GRANT BASEGRANT Per Student Base Amount Grade Span Adjustments

7. Local control funding formulasupplemental and concentration grants Supplemental and Concentration Grants Supplemental Grant All Unduplicated Count Concentration Grant >55% Unduplicated Count - Low income, English Learner, and Foster Youth

8. LCFF Funding Increase in funding attributable to Unduplicated Count SUPPLEMENTAL/ CONCENTRATION GRANTS GAP GAP FUNDING (12% of Gap) BASE AND AUGMENTATION GRANTS 2014-15 LCFF TARGET 2014-15 FUNDING 2013-14 FUNDING FLOOR *Transportation and TIIG funding are provided in the same amounts as 2012-13

9. Activity