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Board Presentation May 7, 2009

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  1. Folsom Cordova Unified School District Board Presentation May 7, 2009

  2. 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

  3. 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

  4. 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)

  5. 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

  6. 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

  7. 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)

  8. 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

  9. 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

  10. 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

  11. 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

  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

  13. Waiting…the longer we wait the more we MAY know

  14. 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

  15. 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

  16. 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%)