travis unified school district 2012 13 preliminary budget may 8 2012 n.
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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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Presentation Transcript
multiyear financial projection
Multiyear Financial Projection

Revenue Limit increase for 2012/13 is not anticipated and will reduce this income projection by $321,749

multiyear financial projection2
Multiyear Financial Projection

Shortfall $ (907,030)

Rev Limit Incr $ (321,749)

Total Remaining$(1,228,779)

shortfall

governors budget proposal
Governors Budget Proposal

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

governors budget proposal1
Governors Budget Proposal

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 budget
The Budget

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.

funds
Funds

Ordinary Operations:

  • General Fund
  • Cafeteria Fund
  • Deferred Maintenance Fund
  • Special Reserve for Postemployment Benefits
funds1
Funds

Capital Projects:

  • Building Fund (Certificates of Participation)
  • Capital Facilities Fund (Developer Fees)
  • County School Facilities Fund (State Facilities Construction and Modernization)
  • Special Reserve for Capital Outlay
  • Capital Project Fund for Blended Component Units (Mello-Roos)

Internal Service:

  • Scholarship Fund
revenue limit deficit trend
Revenue Limit Deficit Trend

2011-12 19.754%

2012-13 21.666%

The deficit continues to grow!

Loss attributed to deficit in 2011-12 is $1,332 per ADA or $6.9 million!

revenue limit
Revenue Limit

In 2011-12, the Deficit caused the

District to loose $6.9 million.

Source: School Services, 3/2012

revenue limit cash flow
Revenue Limit – Cash Flow

36.45% ( $8.8 million) of the current Revenue Limit entitlement is deferred until after July 1st!!

federal impact aid
Federal Impact Aid

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.

categorically funded programs1
Categorically Funded Programs

State funded programs

  • K-3 Class Size Reduction
    • “Flexed” through 2013-14
      • Program must then be restored to pre-flex requirements to maintain funding
        • TUSD has assumed program will not be restored
        • Governor has proposed a two-year extension
  • Tier I & II
    • Cannot “flex”
  • Tier III
    • “Flexed” through 2014-15
      • Program must then be restored to pre-flex requirements
      • Governor Brown has proposed a two-year extension
contributions to restricted programs
Contributions to Restricted 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

$5,221,326

expenditures staffing
Expenditures - Staffing

Staffing

  • Teachers
    • Class sizes at statutory maximums
      • K-3 = 28:1
      • 4-6 = 34:1
      • 7-8 = 39:1 (science is 28:1 and for science without labs 34:1)
        • Waiver necessary to increase
        • Not a “given” such a waiver would be approved
      • 9-12 varies per agreement with certificated staff bargaining unit
  • Instructional Assistants
    • Special education
      • As required by IEP
    • Suspension Alternative/Community School
expenditures staffing1
Expenditures - Staffing
  • Pupil Support Services
    • Counseling & Guidance
    • Attendance and Welfare
    • Health Services
    • Library Services
    • Technology Support
      • Operating at level necessary to provide basic services
  • Site/District Administration
    • Significant reductions
      • Operating at level necessary to provide basic services
expenditures
Expenditures
  • Classified support staff
    • Significant reductions in recent years
      • Maintenance
      • Grounds
      • Custodial
      • Warehouse
      • Clerical
        • Operating at level necessary to provide basic services
expenditures1
Expenditures
  • Non-staffing costs
    • Books and Supplies
      • Allocations to schools and departments via formula
        • Cuts have been significant
    • Services and Other Operating Expenses
      • Consultants
      • Legal
      • Audit
      • Travel & Conference
      • Dues and Memberships
      • Maintenance & Repairs
      • Utilities
      • Telecommunications
expenditures2
Expenditures
  • Capital Outlay
    • Minimal allocation
    • Equipment replacement plan
      • Technology – District Plan
        • Significant implementation in recent years
          • Limited replacement
        • Replacement need will be significant
      • Some departments are current
        • Upgraded in recent years
          • Maintenance/Custodial/Grounds – vehicles and equipment
          • Transportation - buses
      • Others need a plan
        • Food service – kitchen equipment
        • Deferred Maintenance – temporarily suspended.
2012 13 fund balance
2012-13 Fund Balance

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

slide26

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.