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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

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

$ 712,000 Remaining 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

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 Health Services 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%)