An Independent Public School

Transcription

1 TO: Governing Board DATE: June 13, 2008 FROM: SUBJECT: Walter Wallace, Chief Business Officer Adopted Budget We have had several discussions this spring about the sorry outlook for school funding in based upon the Governor s proposed budget last January. That budget would have reduced our funding by over 6%, which would have required reduced spending as well as using part of our reserves to maintain programs. Much has changed since then. In the Governor s May revision to the state budget, unrestricted programs and special education are recommended to be funded at the same level as , while the categorical block grant and other categorical programs remain at a 6.5% deficit for the new year. In addition, lawmakers in Sacramento are talking in the budget conference committee about funding education at higher rates than the Governor proposed, but any additional funding would have to be supported by additional revenue at the state level. Since the two parties remain at odds over how any new revenue is generated, all of the prognosticators recommend using the Governor s latest budget for funding levels. So, the projected revenue for is $33,866,421, a reduction of almost $800,000 from the current year. The reasons for the reductions are: End of two grants - $135,000 Lower Lottery expectations - $50,000 Reduction in funded average daily attendance - $150,000 Lower funding rates for categorical programs - $465,000 While our total average daily attendance for was slightly higher than I expected, the projection for will remain at 3,800, which is a reasonable amount given our anticipated enrollment of 4,000 students. In addition, we have been able to make additional reductions on our projected expenditures, which are now at $$34,388,813 and about $600,000 higher than projected for Certificated salaries in both years reflect the cost of the new schedule, which is retroactive for Increases in costs for health benefits and unemployment insurance should be partially offset by anticipated reductions in rates for workers compensation insurance. By ordering early we have been able to charge most of the new textbook purchases to , which will allow us to reduce our textbook and supply budgets somewhat in Costs for instructional and other services will be higher due to the shift of the Kaplan bill for Summer Transition Academy from June until July. Capital outlay is reduced because of the completion of several one-time state grant programs. Building improvements are reduced to an emergency level, with the anticipation that any approved new improvements will come from the reserve account. An Independent Public School

2 Overall, we have increased our fund balance reserves slightly to add to the funds for postretirement health benefits. This adopted budget should see our total fund balance falling from just over $7 million in to just under $6.5 million in , a result of deficit spending of $522,392. This is a significant improvement over the projections throughout the spring and is due primarily to increases in projected state funding and reductions in projected expenditures. The budget report is attached showing projections for , as well as the proposed budget for I recommend its approval. When the state budget is signed (the current target is August 1 to avoid greater problems with cash flow at the state level), I will prepare an updated budget if there are significant changes to revenue and/or expenditures. cc: Brian Bauer, Executive Director

3 REVENUE Adopted Budget - June 16, 2008 Projected GRANTS/ FOOD SPECIAL TOTAL GENERAL FUND Actuals UNRESTRICTED ENTITLEMENTS SERVICE EDUCATION RESTRICTED (Unrestricted) (Restricted) Total Revenue Limit Sources 8015 General Block Grant 21,121,816 20,900,098 20,900,098 20,900, Portion funded by School District 4,803,102 4,803,102 4,803,102 4,803,102 TTL Revenue Limit Sources 25,924,918 25,703,200 25,703,200 25,703,200 Federal Revenue 8220 Child Nutrition Program 347, , , , , NCLB: Title I 471, , , , , NCLB: Title II- Improving Teach Quality 39,623 40,000 40,000 40,000 40, NCLB: Title II- Technology 11,695 5,000 5,000 5,000 5, NCLB: Title III - LEP 22,610 23,700 23,700 23,700 23, NCLB: Title IV - Safe and Drug Free Schools 6,881 6,000 6,000 6,000 6, NCLB Title V - Innovative Projects 3, Voc. Tech. - Perkins 35,606 36,000 36,000 36,000 36, Emergency Preparedness Grant 121, TTL Federal Income 1,061, , , , , ,723 Other State Revenue 8311 Special Education Apportionment 2,031,763 2,015,185 2,015,185 2,015,185 2,015, Supplemental Hours 748, , , , Categorical Block Grant ,232,904 2,082, ,082,790 2,082, Child Nutrition Program 37,416 38,538 38,538 38,538 38, Mandated Costs Reimbursement State Lottery Income 571, ,860 66,012 66, ,860 66, , TIIG: CSR, PWT IM, Magnet IM,CAP IM 680, , , , , Supplemental Counseling 270, , , , , Art and Music Block Grant 66,281 62,072 62,072 62,072 62, CAHSEE Support 53,294 49,326 49,326 49,326 49, Other State Revenues 16, TTL Other State Revenue 6,708,170 3,139,650 1,066,325 38,538 2,015,185 3,120,048 3,139,650 3,120,048 6,259,698 Other Local Revenue 8631 Sale of Equipment / Supplies Sale of Publications Food Service Sales 660, , , , , Other Sales Leases and Rentals Interest 150, , , , All Other Local Revenues 150, , , ,000 TTL Other Local Revenues 960, , , , , , , Contributions from Unrestricted Sources (1,130,916) 182, ,939 1,130,916 (1,130,916) 1,130,916 0 TOTAL REVENUE 34,654,096 27,991,934 1,652,025 1,259,338 2,963,124 5,874,487 27,991,934 5,874,487 33,866,421 Adopted Budget Page 1 of 6 6/20/2008

4 EXPENDITURES Adopted Budget - June 16, 2008 Projected GRANTS/ FOOD SPECIAL TOTAL GENERAL FUND Actuals UNRESTRICTED ENTITLEMENTS SERVICE EDUCATION RESTRICTED (Unrestricted) (Restricted) Total Certificated Salaries 1100 Teachers' Salaries 12,600,470 11,225, , ,703 1,416,835 11,225,912 1,416,835 12,642, Librarian's Salaries 71,563 73, , , Guidance 1,167, , ,337 87, , , ,307 1,202, Student Welfare 367, , , , Physical/Mental 387, , , , Testing 68,798 70, ,862 70, Exex. Dir./ Directors 855, , , , Sp Ed Coord/ Director 182, , , , , Athletics/Activities/Coord/Committees 292, , , , Other Certified TTL Certified Salaries 15,993,586 14,276, , ,210,026 1,885,495 14,276,308 1,885,495 16,161,803 Classified Salaries 2100 Educational Assistants 835,913 12, , ,990 12, , , Maintenance/Security 947, , , , Food Service Salaries 366, , , , , Classified Admin 683, ,373 55,287 55, ,373 55, , Clerical / Network Support 1,229,752 1,221,203 45,442 45,442 1,221,203 45,442 1,266, Attendance/Students/Permits/Coaches 149, , , ,541 TTL Classified Salaries 4,211,762 3,011, , ,432 1,339,072 3,011,281 1,339,072 4,350,353 Employee Benefits 3110 STRS - Certificated 1,278,221 1,136,545 55,726 99, ,553 1,136, ,553 1,292, STRS - Classified TTL STRS 1,278,221 1,136,545 55, , ,553 1,136, ,553 1,292, PERS - Certificated PERS - Classified 350, ,083 28,500 81, , , , , TTL PERS 350, , ,500 81, , , , , OASDI - Certificated 103,045 96,136 10,000 10,000 96,136 10, , OASDI - Classified 153, ,798 25,087 4,200 29, ,798 29, , Medicare - Certificated 217, ,977 9,794 17,545 27, ,977 27, , Medicare - Classified 43,219 35,489 6, ,730 35,489 7,730 43, Alternative Retirement 10,000 10, , , TTL OTHER RETIREMENT 527, ,400 9,794 31,825 32,737 74, ,400 74, ,756 Adopted Budget Page 2 of 6 6/20/2008

5 Adopted Budget - June 16, 2008 Projected GRANTS/ FOOD SPECIAL TOTAL GENERAL FUND Actuals UNRESTRICTED ENTITLEMENTS SERVICE EDUCATION RESTRICTED (Unrestricted) (Restricted) Total 3410 Health & Welfare Benefits - Certificated 2,264,835 2,136, , , ,839 2,136, ,839 2,445, Health & Welfare Benefits - Classified 1,017, , , , , , ,252 1,010, TTL Health & Welfare Benefits 3,282,370 2,754, , , , ,091 2,754, ,091 3,456, Unemployment Insurance - Certificated 7,832 41,329 2,026 3,630 5,656 41,329 5,656 46, Unemployment Insurance - Classified 2,069 9,034 1,298 2,719 4,017 9,034 4,017 13, TTL Unemployment Insurance 9,901 50,363 2,026 1,298 6,349 9,673 50,363 9,673 60, Workers' Compensation - Certificated 260, ,421 10,807 19,360 30, ,421 30, , Workers' Compensation - Classified 66,200 48,180 6,922 14,503 21,425 48,180 21,425 69, TTL Workers' Compensation 326, ,601 10,807 6,922 33,863 51, ,601 51, , Other Employee Benefits - Certificated Other Employee Benefits - Classified 1,000 1, , , TTL Other Employee Benefits 1,000 1, , ,000 TTL Employee Benefits 5,775,880 4,989, , , ,166 1,103,560 4,989,095 1,103,560 6,092,655 Books and Supplies 4100 Textbooks 420, ,988 66,012 20,000 86, ,988 86, , Books 20,000 20, , , Instructional Materials and Supplies - Departments 440, , ,772 40, , , , , Other Supplies 525, ,500 8,000 8, ,500 8, , Committee Allocations 18,000 20, , , Non-Capitalized Equipment 375, ,000 6,500 6, ,000 6, , Food Service Supplies 575, , , , ,750 TTL Books and Supplies 2,373,000 1,066, , ,750 74, ,034 1,066, ,034 1,943,750 Other Operating Expenses 5200 Travel and Conferences- General 160, ,000 40,000 40, ,000 40, , Dues and Memberships 30,000 30, , , Insurance 117, , , , Utilities & Housekeeping 419, , , , Rent/Lease 450, , , , Repair - school 399, , , , LAUSD - Maintenance 150, , , , District Utilities, Transportation, Supplies, and Services Instructional Contracted Services 1,143,285 1,250, ,326 90, ,326 1,250, ,326 1,864, General Contracted Services 156, , , , Services (Legal/Audit) 50,443 60,000 15,000 15,000 60,000 15,000 75, Facility Maintenance 365, , , ,000 Adopted Budget Page 3 of 6 6/20/2008

6 Adopted Budget - June 16, 2008 Projected GRANTS/ FOOD SPECIAL TOTAL GENERAL FUND Actuals UNRESTRICTED ENTITLEMENTS SERVICE EDUCATION RESTRICTED (Unrestricted) (Restricted) Total 5800 Technology Program 114, , , , Transportation-Athletic-Activities 75,000 80, , , LAUSD - Transportation-Special Education 60,000 60, , , LAUSD - School Police 100, , , , LAUSD - Sign Language Interpreters 75,000 75, , , Other Services and Operating Expenditures (Payro 121, , , , Phone-Postage-FedEx 125, , , ,000 TTL Other Operating Expenses 4,112,279 4,162, , , ,326 4,162, ,326 4,831,672 Capital Outlay 6100 Sites and Improvements of Sites 25,000 25, , , Buildings and Improvements of Buildings 300, , , , Equipment - Capitalized (over $5,000) 150,000 50, , ,000 TTL Capital Outlay 475, , , ,000 Other Outgo 7281 District Oversight Fee 844, , , ,580 TTL Other Outgo 844, , , ,580 TOTAL EXPENDITURES 33,786,242 28,514,326 1,652,025 1,259,338 2,963,124 5,874,487 28,514,326 5,874,487 34,388,813 TOTAL REVENUES LESS EXPENDITURES 867,854 (522,392) (522,392) 0 (522,392) BEGINNING BALANCE 6,140,557 7,008, ,008, ,008,411 Audit Adjustments REVISED BEGINNING BALANCE 6,140,557 7,008, ,008, ,008,411 ENDING BALANCE 7,008,411 6,486, ,486, ,486,019 COMPONENTS OF ENDING FUND BALANCE Revolving Cash/Stores/Prepaids Restricted Balances - Categorical Programs 205, , , ,000 Reserve for Economic Uncertainties 1,689,312 1,719, ,719, ,719,441 Reserve for Capital Improvements 400, , , ,000 Errors & Omissions Reserve 300, , , ,000 Reserve Balance of Mandated Cost Revenue 1,230,083 1,230,083 1,230, ,230,083 Post-Retirement Health Benefits Reserve 600, , , ,000 Facility Reserve 1,200,000 1,200, ,200, ,200,000 TOTAL RESERVES AND RESTRICTED BALANC 5,624,772 5,804, ,804, ,804,901 UNALLOCATED ENDING BALANCE 1,383, , , ,118 Adopted Budget Page 4 of 6 6/20/2008

7 GRANTS ENTITLEMENTS Lottery Title I Title II Title II Tech Title III Title IV Title V Perkins Prop 20 Art/Music CounselingCAHSEE TIIG Total Federal Revenue 8290 NCLB: Title I 475, , NCLB: Title II- Improving Teach Quality 40,000 40, NCLB: Title II-Technology 5,000 5, NCLB: Title III-LEP 23,700 23, NCLB: Title IV-Drug/Alcohol/Tobacco Funds 6,000 6, NCLB Title V - Innovative Projects Perkins - Voc Tech 36,000 36,000 TTL Federal Income 475,000 40,000 5,000 23,700 6, , ,700 Other State Revenue 8560 State Lottery Prop 20 - Instructional Materials 66,012 66, Art and Music Block Grant 62,072 62, Supplemental Counseling 253, , CAHSEE Support 49,326 49, TIIG: CSR, PWT IM, Magnet IM,CAP IM 635, ,800 TTL Other State Revenue 66,012 62, ,115 49, ,800 1,066,325 TOTAL REVENUE 475,000 40,000 5,000 23,700 6, ,000 66,012 62, ,115 49, ,800 1,652,025 Certificated Salaries 1100 Teachers' Salaries 483, , Teachers' Salaries-Half time 1200 Guidance/Welfare Salaries 192, ,337 Classified Salaries 2100 Educational Assistants (22) 2300 Clerical (22) Employee Benefits 3110 STRS - Certificated 15,868 39,858 55, STRS - Classified TTL STRS 3210 PERS - Certificated 3220 PERS - Classified TTL PERS 3310 OASDI - Certificated 3320 OASDI - Classified 3330 Medicare - Certificated 2,789 7,005 9, Medicare - Classified 3350 Alternative Retirement TTL OTHER RETIREMENT 3410 Health & Welfare Benefits - Certificated 38,467 96, ,093 Adopted Budget \ Grants /20/2008

8 GRANTS ENTITLEMENTS Lottery Title I Title II Title II Tech Title III Title IV Title V Perkins Prop 20 Art/Music CounselingCAHSEE TIIG Total Health & Welfare Benefits - Classified TTL Health & Welfare Benefits 3510 Unemployment Insurance - Certificated 577 1,449 2, Unemployment Insurance - Classified TTL Unemployment Insurance 3610 Workers' Compensation - Certificated 3,077 7,730 10, Workers' Compensation - Classified TTL Workers' Compensation 3910 Other Employee Benefits - Certificated 3920 Other Employee Benefits - Classified TTL Other Employee Benefits TTL Employee Benefits Books and Supplies 4100 Textbooks 66,012 66, Books 4310 Instructional Materials and Supplies - Departments 5,000 23,700 6, ,000 62, , Non-capitalized equipment 0 Other Operating Expenses 5200 Travel and Conferences- General Travel and Conferences Professional Development T 40,000 40, Travel and Conferences Mileage 5800 Contracted Services 475,000 49, , Transportation - TIIG 6400 Capital Outlay Direct Support / Indirect Costs 7310 Indirect Costs TTL Direct Support / Indirect Costs TOTAL EXPENDITURES 475,000 40,000 5,000 23,700 6, ,000 66,012 62, ,115 49, ,800 1,652,025 TOTAL REVENUES LESS EXPENDITURES Adopted Budget \ Grants /20/2008