2009 10 first interim budget highlights
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2009-10 First Interim Budget Highlights. Chief Business Official Mr. Tim Zearley. Education Funding in Other States. Source: Center for Reinventing Public Education. California Continues to Fall Further Behind. We certainly make up no ground in 2009-10 and actually lose some

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2009 10 first interim budget highlights

2009-10 First Interim Budget Highlights

Chief Business Official Mr. Tim Zearley

education funding in other states
Education Funding in Other States

Source: Center for Reinventing Public Education

california continues to fall further behind
California Continues to Fall Further Behind
  • We certainly make up no ground in 2009-10 and actually lose some
    • We can expect our 2006-07 gap of $731 from the national average in per-pupil expenditures to grow to more than $1,700 (est.) in 2009-10

Source: National Center for Education Statistics, 2009; Bureau of Labor Statistics 2008 CPI Inflation Calculator

general fund revenue trends
General Fund Revenue Trends

2007-08

2008-09

2009-10

Source: Legislative Analyst’s Office

per ada revenue volatility
Per-ADA Revenue Volatility
  • As in the past, we continue to havevery high volatility in revenuesdirected toward education
  • 2009-10 continues the roller-coasterride as revenue continues to fall
  • The 2009-10 reduction is a cumulative14.7% that includes the effect of the$250 one-time reduction to revenue limits
  • California needs to provide a more stablerevenue stream for schools
additional revenue limit reductions
Additional Revenue Limit Reductions
  • ABX4 2 (Chapter 2/2009) imposed a revenue limit deficit of 18.355% for 2009-10, an increase from the 16.24% proposed in the May Revision
    • Loss of $331,320 from June Budget Adoption
  • In addition to the ongoing revenue limit cut imposed by the deficit factor, the Budget revision imposed a one-time reduction of $250 per P-2 ADA in 2008-09
    • Loss of $640,924 from June Budget Adoption
changes from the latest budget home to school transportation
Changes from the Latest Budget: Home-to-School Transportation

The May Revision proposed cutting Home-to-School Transportation funding by 65% – YIKES!

The final result is that Home-to-SchoolTransportation is now a Tier II program

This means it is reduced by 19.84%from the 2007-08 level of fundingfor 2009-10 and beyond

Loss of $167,907 from June Budget Adoption

2009 10 cash flow
2009-10 Cash Flow
  • Actual apportionments will deviate significantly from the newly enacted schedule
  • Apportionments are pushed out even later in the fiscal year
    • Expect only 10% of your annual apportionment through the first three months

* One-time adjustment to recover distribution of overapportionment in July 2009, which equates to a 1.5% reduction in October 2009.

the use of multiyear projections
The Use of Multiyear Projections
  • Multiyear projections (MYPs) are required by AB 1200/AB 2756
  • Recognize that they are projections, not forecasts
    • Projections are expected to change as various factors change – they are not predictions
    • Projections are the mathematical result of today’s decisions based on a given set of assumptions
    • Forecasts are predictions of the future – there is a higher implied reliability factor than for projections
  • Projections will change anytime the underlying factors change – therefore plan
slide20
Approve The Budget?
  • Do we have adequate reserves? Yes
  • Are we deficit spending? Yes

If so, is it planned? Yes

  • It is a budget. Are our estimates reasonable? Yes
  • Can we sustain in MYP? Yes with reductions for declining enrollment
  • If so, then you can confidently approve this budget.
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