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Travis Unified School District 2012-13 Preliminary Budget May 8, 2012. Multiyear Financial Projection. Revenue Limit increase for 2012/13 is not anticipated and will reduce this income projection by $321,749. Multiyear Financial Projection. Multiyear Financial Projection.
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Revenue Limit increase for 2012/13 is not anticipated and will reduce this income projection by $321,749
Shortfall $ (907,030)
Rev Limit Incr $ (321,749)
No Cost Of Living Adjustment
had previously budgeted a COLA in multi- year projections
No transportation allocation loss of $277,779
Plan for $370 per ADA cut
reserve $1.9 million in ending fund balance
Plan for $45 per ADA cut
reserve $443K in ending fund balance
Categorical flexibility continues
K-3 Class Size Reduction must be reinstated by 2014-15
Weighted Student Formula proposed.
Six year implementation, 20% a year with a hold harmless in 2012-13.
May revise out next week.
The District’s budget has multiple funds to account for their financial activity. We spend the majority of time discussing the General Fund as it represents 91% of the activity in this fiscal year.
The deficit continues to grow!
Loss attributed to deficit in 2011-12 is $1,332 per ADA or $6.9 million!
In 2011-12, the Deficit caused the
District to loose $6.9 million.
Source: School Services, 3/2012
36.45% ( $8.8 million) of the current Revenue Limit entitlement is deferred until after July 1st!!
The funding is ever changing. In previous years, the Federal government had the capacity to fund this program at higher levels. Due to the nature of the funding source, FCMAT recommends that the District treat these funds as one-time funds.
State funded programs
Community Day Program $ 161,609
Continuation Education $ 203,936
Special Education $3,761,583
Special Education – Low Incidence $ 8,910
Home-to-School Transportation $ 492,479 Special Education Transportation $ 592,809
Est. Beginning Fund Balance $ 5,502,688
Revenues $ 38,497,952
Expenditures $ 40,259,894
Other Sources/Uses $ 0
Ending Fund Balance $ 3,740,746
Estimated Shortfall remains at $1.228 mil
Presented at the Budget Workshop 3/27/12 ConclusionNeed to reduce expenditures by $1.4 million for 2012-13 Budget adoption.Cost of 1% to all salaries is $299,623District staff will bring back to the Board a list of items to address the shortfall for Board direction.