Kernville Union School District

Transcription

1 Kernville Union School District First Interim Presentation

2 Revenue LCFF Revenue $8,162,057: ADA = % COLA LCFF Gap funding 43.19% $6,738 Increase from July Budget 2

3 LCFF Revenue cont. Revenue is the fifth year of the new funding formula and the fourth year for the Local Control Accountability Plan (LCAP). The LCAP outlines the actions scheduled to be taken to increase or improve services for English Learners, Low Income, and Foster Youth students utilizing the Supplemental and Concentration grant dollars included in the LCFF calculation. $1,697,313 (20.79%) of the $8,162, LCFF revenue. 3

4 Revenue Federal Revenue - $825,852 (Increased $18,889) Federal Special Education, Title I, Title II, REAP, MAA, and deferred revenue from Other State Revenue - $1,012,754 (Increased $455,825) Lottery, Mandated Cost block Grant, one-time Mandated Costs, ASES, Frontier Grant, Prop 39, Moderate Intervention, LCSSP Grant, and SUMS grant The increase is due to the addition of the Frontier, LCSSP and SUMS grants and one-time revenue (Mandated Costs and Moderate Intervention). Local Revenue - $1,085,429 (Increased $109,484) Interest, Fees & Contracts, Special Education, Local Grants, Erate, Fire Camp, Wellness Grant, TLIM, and Misc. The increase is from the addition of Fire camp, Wellness Grant, and TLIM 4

5 Revenue Comparison 2016/17 $10,309, /18 $11,086,092 $590, % 5

6 Expenditures Total Fund 01 Expenditures $11,394,113 Certificated Salaries - $4,212,566 (Increased $44,080) A Special Education teacher position is being added in December/January. Classified Salaries - $2,093,550 (Increased $13,557) A classified position is being added in December/January. 6

7 Expenditures Employee Benefits - $2,823,864 (Increased $47,732) Employee Benefits reflect an increase due to increase in salaries as listed above. Books and Supplies $684,855 (Increased $103,116) The increased cost is due to added grants and revenue sources Services and Operating Exp $1,016,532 (Increased 44,353) The increased cost is due to added grants and revenue sources 7

8 Expenditures Capital Outlay $422,607 (Increased $212,692) Included are increased California Clean Energy Jobs Act (Prop 39) expenses, Phone System $53,000, and $51,000 for a school bus. Other Outgo- $199,000 and ($58,862) (Increased $1,977) $120,000 Lease Purchase payment and $79,000 transfer to KCSOS for Special Education services. Indirect cost for programs shows as a negative. 8

9 Expense Comparison 2016/17 $10,298, /18 $111,394,113 $1,095, % 9

10 Multi- Year Projections Revenues Overall revenues are expected to decrease by one-time revenues ($389,947 or 3.52%) compared to the prior year: ADA (same as prior year) LCFF COLA 2.15% and gap funding percentage 66.12% - This will help cover increased costs for STRS and PERS Federal Revenues removal of deferred revenues Other State Revenues removal of one-time Prop 39 funds and carryover funds Other Local Revenues removal of one-time revenues 10

11 cont. Expenditures are expected to be adjusted by the following compared to the prior year: Certificated Salaries Included are step and column adjustments, the removal of 2 extra paid days for TLIM training and the 1.0% bonus given in 16/17. No change in FTE s. Classified Salaries Included are step adjustments, the removal of 2 extra paid days for TLIM training, and the 1.0% bonus given in 16/17. No change in FTE s. Employee Benefits Reflect an increase due to increase in salaries as listed above, 1.85% increase in STRS rate, 2.57% increase in PERS rate. Also adjusted by retiree insurance reductions. 11

12 cont. Books and Supplies Decrease $98,089 to decrease adoption budget 33% and one-time revenue expenses. Services and Other Operating Expenses Decrease $48,561 for onetime Prop 39 and TLIM expenses. Capital Outlay Decrease $380,751 for the following on-time expenses: Prop 39, School Bus, and Phone System Other Outgo Is adjusted by an expected decrease in Special Education charges. Other Outgo Indirect Costs Is increased by 2.15% COLA. 12

13 Multi- Year Projections Revenues are expected to increase by 2.9% compared to prior year. ADA (increase of 5.71from prior year) COLA 2.35% and LCFF gap funding percentage 64.92% - This will help cover increased costs for STRS and PERS Federal Revenues - status quo Other State Revenues 2.35% COLA Mental Health Funding Other Local Revenues Increase slightly with 2.35% COLA on Special Education funding Other Financing Sources -increase contributions to Special Education and Routine Restricted Maintenance 13

14 cont. Expenditures are expected to be adjusted by the following compared to the prior year: Certificated Salaries Included are step and column adjustments. No change in FTE s. Classified Salaries Included are step adjustments. No change in FTE s. Employee Benefits Reflect an increase due to 1.85% increase in STRS rate, 2.7% increase in PERS rate. Also adjusted by retiree insurance reductions. 14

15 cont. Books and Supplies Increased by 3.02% California Consumer Price index (CPI). Services and Other Operating Expenses Increased by 3.02% California Consumer Price index (CPI). Capital Outlay Increased by 3.02% California Consumer Price index (CPI). Other Outgo status quo. Other Outgo Indirect Costs Increased by 2.35% COLA. 15

16 Other Fund Balances 2017/18 Fund Description Projected Ending Fund Balance June Child Development $ Cafeteria $208, Special Reserve $12, Special Reserve Postemployment Benefits $69, Building (Bond) $93, Capital Facilities $3, Sp. Res.- Cap Outlay $415 16