Proposed Budget

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1 Proposed Budget 1

2 Agenda Proposed Revenue Budget >Key Revenue Budget Assumptions >Local Control Funding Formula Components >Budget Changes in Federal, State and Local Revenue Proposed Expenditure Budget >Key Expenditure Budget Assumptions >Budget Changes in Major Expenditure Categories >Mandate Reimbursement Costs Multiyear Projections Other Funds 2

3 Key Revenue Budget Assumptions LCFF funding 53.08% GAP closure rate 124 ADA increase , ,164 Unduplicated count based upon CALPADS Mandate cost reimbursement $601 per ADA Special Education and Child Nutrition receive 1.02% COLA Reduction in federal revenue anticipated Reduction in CTE revenue based upon SDCOE plan to reduce pass through to school districts Assumption of a 1-1 match in CTE competitive grant revenue Adult funding equal to maintenance of effort & parent education 3

4 Final Proposed Budget ($millions) LCFF, 342.5, 79% Local, 24.3, 5% State, 46.8, 11% Federal, 20.4, 5% 4

5 Local Control Funding Formula Components GAP funding = distance between current year funding & target; apportionment provided in increments as a percentage >53.08% translates to $32 million in FY Base grant per ADA (prior year plus COLA) >SUHSD base grant = $310 million or $8,123/ADA Supplemental grant = 20% of base grant for unduplicated count of EL, free/reduced/foster youth students Concentration grant = 50% of base grant for each 1% of unduplicated enrollment that exceeds 55% >SUHSD supplemental/concentration grants = $32 million or $1,353/ADA 5

6 SWEETWATER UNION HIGH SCHOOL DISTRICT General Fund Proposed Budget Comparison Preliminary Proposed Budget Final Proposed Budget Variance: Final vs. Prelim Proposed BEGINNING BALANCE $ 30,746,672 $ 29,841,178 $ (905,494) REVENUE LCFF Revenue $ 342,538,939 $ 342,538,939 $ - Federal Revenue 19,855,869 20,435, ,000 State Revenue 29,170,403 46,824,570 17,654,167 Local Revenue 24,040,828 24,307, ,951 Transfers In/Out - 9,287 9,287 Total Revenue $ 415,606,039 $ 434,116,444 $ 18,510,405 EXPENDITURES Certificated Salaries $ 194,091,464 $ 197,971,074 $ 3,879,610 Classified Salaries 63,677,639 65,324,873 1,647,234 Employee Benefits 75,938,072 76,286, ,149 Books/Supplies 27,197,552 27,491, ,189 Contracted Services 33,861,758 35,083,922 1,222,164 Capitalized Expenditures 1,570,621 2,175, ,800 Other Outgo 15,415,495 14,247,713 (1,167,782) Total Expenditures $ 411,752,601 $ 418,580,965 $ 6,828,364 Net Surplus/Deficit $ 3,853,438 $ 15,535,479 $ 11,682,041 ENDING BALANCE $ 34,600,110 $ 45,376,657 $ 10,776,547 RESERVES/RESTRICTIONS Legally Restricted Categorical Reserve $ 3,500,000 $ 3,500,000 $ - Reserves for Stores/Revolving Cash 251, ,551 - Reserve for Early Retirement Incentive 671, ,191 - Reserve for Site Carryover 2,000,000 2,000,000 - Reserve Title IX Legal Fees 3,000,000 3,000,000 - Reserve Vehicle Replacement 3,000,000 3,000,000 - Reserve for Interfund loans 2,000,000 (2,000,000) Reserve for Deferred Maintenance 3,800,000 2,504,733 (1,295,267) Reserve for Custodial Restructure 1,000,000 1,000,000 - Reserve for Technology 3,000,000 2,000,000 (1,000,000) Reserve Mandate One-Time 14,891,753 14,891,753 Economic Uncertainties (2% State Req) 8,235,052 8,371, ,567 Economic Uncertainties (1% Board Req) 4,117,526 4,185,810 68,284 Total Restrictions/Reserves $ 34,575,320 $ 45,376,657 $ 10,801,337 UNRESTRICTED RESERVE $ 24,790 $ - $ (24,790) 6

7 Budget Changes in Federal/State/Local Revenue Federal Revenue $580 k >Reimbursement of AP fees $200 k >MAA reimbursement 170 k >ROTC salary reimbursement 200 k State Revenue $17.7 mil Mandate reimbursement $16.0 mil CTE competitive grant 1.7 mil Local Revenue $266 k >Interest $80 k >Performing Art Centers fees 130 k >Various local programs 56 k 7

8 Key Expenditure Budget Assumptions Classified salary 2.2% Health & welfare actual average + 2.0% = $9,100 CalSTRs increase to 10.73% CalPERs increase to 11.85% Class size reduction 30:1 to 28:1 Step & column 2.0% & 1.3% Routine restricted maintenance rate = 2.0% of GF expenditures Transfer to Deferred Maintenance Fund = MOE of $1.6 million 8

9 Other Outgo, 14.3, 3% Final Proposed Budget ($millions) Cert Sal, 198, 47% Capital, 2.2, 1% Contracted Svcs, 35.1, 8% Class Sal, 65.3, 16% Books/Supplies, 27.5, 7% Benefits, 76.3, 18% 9

10 SWEETWATER UNION HIGH SCHOOL DISTRICT General Fund Proposed Budget Comparison Preliminary Proposed Budget Final Proposed Budget Variance: Final vs. Prelim Proposed BEGINNING BALANCE $ 30,746,672 $ 29,841,178 $ (905,494) REVENUE LCFF Revenue $ 342,538,939 $ 342,538,939 $ - Federal Revenue 19,855,869 20,435, ,000 State Revenue 29,170,403 46,824,570 17,654,167 Local Revenue 24,040,828 24,307, ,951 Transfers In/Out - 9,287 9,287 Total Revenue $ 415,606,039 $ 434,116,444 $ 18,510,405 EXPENDITURES Certificated Salaries $ 194,091,464 $ 197,971,074 $ 3,879,610 Classified Salaries 63,677,639 65,324,873 1,647,234 Employee Benefits 75,938,072 76,286, ,149 Books/Supplies 27,197,552 27,491, ,189 Contracted Services 33,861,758 35,083,922 1,222,164 Capitalized Expenditures 1,570,621 2,175, ,800 Other Outgo 15,415,495 14,247,713 (1,167,782) Total Expenditures $ 411,752,601 $ 418,580,965 $ 6,828,364 Net Surplus/Deficit $ 3,853,438 $ 15,535,479 $ 11,682,041 ENDING BALANCE $ 34,600,110 $ 45,376,657 $ 10,776,547 RESERVES/RESTRICTIONS Legally Restricted Categorical Reserve $ 3,500,000 $ 3,500,000 $ - Reserves for Stores/Revolving Cash 251, ,551 - Reserve for Early Retirement Incentive 671, ,191 - Reserve for Site Carryover 2,000,000 2,000,000 - Reserve Title IX Legal Fees 3,000,000 3,000,000 - Reserve Vehicle Replacement 3,000,000 3,000,000 - Reserve for Interfund loans 2,000,000 (2,000,000) Reserve for Deferred Maintenance 3,800,000 2,504,733 (1,295,267) Reserve for Custodial Restructure 1,000,000 1,000,000 - Reserve for Technology 3,000,000 2,000,000 (1,000,000) Reserve Mandate One-Time 14,891,753 14,891,753 Economic Uncertainties (2% State Req) 8,235,052 8,371, ,567 Economic Uncertainties (1% Board Req) 4,117,526 4,185,810 68,284 Total Restrictions/Reserves $ 34,575,320 $ 45,376,657 $ 10,801,337 UNRESTRICTED RESERVE $ 24,790 $ - $ (24,790) 10

11 Budget Changes in Major Expenditure Categories Certificated salaries >Site substitute budget >Instructional Services reorg >Additional Assistant Principals >Educational Tech Manager >STEAM Coordinator/stipends >Additional Psychologists >Additional LC Counselors $3.9 mil $1.3 mil 1.0 mil 432 k 113 k 155 k 207 k 642k 11

12 Budget Changes in Major Expenditure Categories Classified Salaries $1.65 mil >Information Tech Architect $127 k >Benefits Tech/Labor Relations OA 80 k >Budget Analyst/Transp Foreman/ Musical Repair Technician 188 k >Data Security Manager/Network Technician/Additional IT staffing 399 k >Maintenance Alarm Tech/Security Manager 173 k >Additional Maintenance positions 500 k >Spec Education Research Specialist/ Assistive Technology Program Fac 74 k >Reserve for custodial restructure $1.0 mil 12

13 Budget Changes in Major Expenditure Categories Books/Supplies $294 k >Calculators $500 k >Counseling/business computers 1.4 mil >Vehicle maintenance software 100 k >Library resources 480 k >Educational Tech software/labor >Relations operating supplies 15 k >Additional LC Counselors (642 k) >IT Teledata category correction (1.5 mil) 13

14 Budget Changes in Major Expenditure Categories Contracted Services $1.2 mil >IT Teledata category correction $1.0 mil >IT security review 100 k >Canvas maintenance agreement 50 k >Human Resources consultant 65 k Capitalized Expenditures >Special Education school buses 605 k $605 k Other Outgo >Indirect cost offset $1.2 mil 1.2 mil 14

15 Mandate Cost Reimbursement Budget $601/ADA $22.8 mil Less: >Textbook adoption $4.5 mil >Calculators 505 k >IT security review 100 k >Computer replacement 1.4 mil >I-I device Apple Prof Services/ cases/accessories 700 k >Special Education buses (3) 605 k >Vehicle maint software 100 k Reserved $

16 Multiyear Projections 2016/17 and 2017/18 Assumptions >Gap closure rate of 37.40% & 36.74% respectively >No one time mandate reimbursement funds >2.0% increase in health care costs >Increase in CalSTRs and CalPERs at published rates >Certificated 2.0% step & column increase >Classified 1.3% step & column increase >Continued transfer of $1.6 million to Deferred Maintenance >Continued support of CTE at $3.4 million MOE level of funding with competitive grant revenue match >Continued support of Adult Education at MOE level of funding with additional support for parent education >Enrollment projections 40,636 and 41,302 respectively >ADA Ratio 94.76% Fund 16

17 Multiyear Projections Revenue $434,116,444 $425,905,104 $441,553,340 Expenditures 418,580, ,942, ,788,846 Net Surplus $15,535,479 $962,134 $1,764,494 17

18 Multiyear Comparison Revenue Preliminary Final Variance Cause: CTE match $1.4 Adult Fund MOE $7.5 $416.2 $425.9 $9.7 Expenditures Preliminary Final Variance Cause: $417.1 $424.9 $7.8 Carryover of 2015/16 salaries increase & step/column $5.6 mil Benefit rate increase $1.2 mil Technology initiative $1.5 mil 18

19 Multiyear Comparison Revenue Preliminary Final Variance Cause: CTE match $1.4 Adult Fund MOE $7.5 $432.3 $441.5 $9.2 Expenditures Preliminary Final Variance $430.7 $439.8 $9.1 Cause: Carryover of 2016/17 salaries increase $ step/column $5.7 mil Benefit rate increase $1.4 mil Technology initiative $1.5 mil 19

20 SWEETWATER UNION HIGH SCHOOL DISTRICT Adult Education Fund Proposed Budget Actuals Projection Proposed Budget BEGINNING BALANCE $ 601,587 $ 777,185 $ 681,874 REVENUES LCFF Sources $ 11,650,000 $ 11,890,000 $ - Federal Revenues 2,232,690 2,127,682 2,108,392 State Revenues 223, , ,000 Local Revenues 956, , ,950 Transfers In ,213,992 Total Revenue $ 15,062,139 $ 15,165,706 $ 15,469,334 EXPENDITURES Certificated Salaries $ 6,957,581 $ 6,962,265 $ 7,326,767 Classified Salaries 2,722,923 2,799,213 2,819,769 Employee Benefits 2,618,366 2,887,389 2,986,540 Books/Supplies 1,283,737 1,271,280 1,337,801 Contracted Services 695, , ,465 Capitalized Expenditures Other Outgo 607, , ,992 Transfers Out ,152 - Total Expenditures $ 14,886,541 $ 15,261,017 $ 15,469,334 Net Surplus/Deficit $ 175,598 $ (95,311) $ - ENDING BALANCE $ 777,185 $ 681,874 $ 681,874 RESERVES/RESTRICTIONS Reserve $ 26,415 $ 9,409 $ 9,409 Total Restrictions/Reserves $ 26,415 $ 9,409 $ 9,409 UNRESTRICTED RESERVE $ 750,770 $ 672,466 $ 672,465 20

21 SWEETWATER UNION HIGH SCHOOL DISTRICT Cafeteria Fund Proposed Budget Actuals Projection Proposed Budget BEGINNING BALANCE $ 132,547 $ 125,551 $ 107,150 REVENUES Federal Revenues $ 10,055, $ 10,306, $ 13,509, State Revenues 785, ,359 1,127,346 Local Revenues 1,366,733 1,468,689 1,483,376 Transfers In 87, ,125 - Total Revenue $ 12,294,988 $ 13,392,071 $ 16,120,283 EXPENDITURES Classified Salaries/Benefits $ 5,850,062 $ 6,494,671 $ 7,605,476 Food purchases/general supplies 6,079,915 6,419,029 8,023,811 Contracted Services 372, , ,078 Capitalized Expenditures - 43,913 - Other Outgo - 2,051 - Total Expenditures $ 12,301,984 $ 13,410,473 $ 16,091,364 Net Surplus/Deficit $ (6,996) $ (18,401) $ 28,919 ENDING BALANCE $ 125,551 $ 107,150 $ 136,069 RESERVES/RESTRICTIONS Revolving Cash $ 1, $ 1, $ 1, Reserve 122, , , Total Restrictions/Reserves $ 123,814 $ 68,382 $ 68,382 UNRESTRICTED RESERVE $ 1,737 $ 38,768 $ 67,687 21

22 SWEETWATER UNION HIGH SCHOOL DISTRICT Deferred Maintenance Fund Proposed Budget Proposed Actuals Projection Budget BEGINNING BALANCE $ 7,889,175 $ 8,818,790 $ 5,530,484 REVENUE LCFF Source $ 1,603,800 $ 1,603,800 $ 1,603,800 Local Revenue 23,995 21,639 7,500 Transfers In 2,000, Total Revenue $ 3,627,795 $ 1,625,439 $ 1,611,300 EXPENDITURES Supplies/Minor Equipment (<$20,000) $ 74,046 $ 72,200 $ 70,000 Facility/Site Repairs 780,046 4,260,057 3,441,571 Facility/Site Construction 1,771, ,488 22,379 Lease Purchase (Debt Service) 72, Total Expenditures $ 2,698,180 $ 4,913,745 $ 3,533,950 Net Surplus/Deficit $ 929,615 $ (3,288,306) $ (1,922,650) ENDING BALANCE $ 8,818,790 $ 5,530,484 $ 3,607,834 22

23 SWEETWATER UNION HIGH SCHOOL DISTRICT Building Fund Proposed Budget Actuals Projection Proposed Budget BEGINNING BALANCE $ 60,130,049 $ 25,427,714 $ 11,037,899 REVENUE Proceeds from Bond Sale (Refunding) $ - $ 82,270,000 $ - Other Sources (Debt Issuance Premium) - 11,495,487 - Transfers In (Debt Service Fund) - 2,120,139 - Local Revenue (Debt Issuance Interest) Local Revenue 178, ,111 45,000 Transfers In 10,934,955 3,469,000 - Total Revenue $ 11,113,891 $ 99,617,741 $ 45,000 EXPENDITURES Salaries and Benefits $ 1,348,146 $ 1,344,707 $ 727,918 Supplies/Minor Equipment (<$20,000) 840,109 1,887, ,718 Services/Administrative 743, , ,261 Facility/Site Construction 41,385,184 12,375,727 6,294,164 Debt Service (BAN 2013) 1,499,000 1,499,000 1,499,000 Transfers Out - 151,183 - Services/Administrative (Debt Issuance) - 903,017 - Debt Service (Refunding) - 94,955,139 - Other Outgo (Debt Service Fund) - 27,474 - Total Expenditures $ 45,816,226 $ 114,007,556 $ 9,590,061 Net Surplus/Deficit $ (34,702,335) $ (14,389,815) $ (9,545,061) ENDING BALANCE $ 25,427,714 $ 11,037,899 $ 1,492,838 23

24 SWEETWATER UNION HIGH SCHOOL DISTRICT Capital Facilities Fund Proposed Budget Actuals Projection Proposed Budget BEGINNING BALANCE $ 692,888 $ 1,149,061 $ 424,232 REVENUE Developer Fees $ 520,887 $ 356,704 $ 309,581 Other Local Revenue 3, , , Total Revenue $ 524,262 $ 379,935 $ 311,581 EXPENDITURES Services/Administrative/Lea se $ 68,079 $ 4,764 $ 7,000 Facility/Site Construction Other Outgo - 1,100,000 9,287 Total Expenditures $ 68,089 $ 1,104,764 $ 16,287 Net Surplus/Deficit $ 456,173 $ (724,829) $ 295,294 ENDING BALANCE $ 1,149,061 $ 424,232 $ 719,526 24

25 SWEETWATER UNION HIGH SCHOOL DISTRICT County School Facilities Fund Proposed Budget Actuals Projection Proposed Budget BEGINNING BALANCE $ 35,709,283 $ 24,768,240 $ 29,351,904 REVENUE Local Revenue $ 265, $ 83, $ 80, Transfers In - 8,553,144 - Total Revenue $ 265,309 $ 8,636,856 $ 80,000 EXPENDITURES Supplies $ - 58,115 $ 4,000 Facility/Site Repairs/Services 2,483 6,688 13,600 Facility/Site Construction 268, ,819 7,900,584 Other Outgo 10,934,955 3,275,570 - Total Expenditures $ 11,206,352 $ 4,053,192 $ 7,918,184 Net Surplus/Deficit $ (10,941,043) $ 4,583,664 $ (7,838,184) ENDING BALANCE $ 24,768,240 $ 29,351,904 $ 21,513,720 RESERVES/RESTRICTIONS State School Facilities Projects $ 14,064,353 $ 22,843,506 $ 14,995,322 Total Restrictions/Reserves $ 14,064,353 $ 22,843,506 $ 14,995,322 UNRESTRICTED ASSIGNED $ 10,703,887 $ 6,508,398 $ 6,518,398 25

26 SWEETWATER UNION HIGH SCHOOL DISTRICT Special Reserve Fund Proposed Budget Actuals Projection Proposed Budget BEGINNING BALANCE $ 13,160,987 $ 13,958,510 $ 13,141,835 REVENUE State Revenue $ 542, $ - $ - Local Revenue 1,183,709 1,146,518 1,090,000 Total Revenue $ 1,726,217 $ 1,146,518 $ 1,090,000 EXPENDITURES Supplies $ - $ - $ - Contracted Expense 882, ,917, ,135, Site/Facility Expense Capitalized Expenditures Debt Service Expense 45, , , Other Outgo Total Expenditures $ 928,694 $ 1,963,193 $ 1,185,250 Net Surplus/Deficit $ 797,523 $ (816,675) $ (95,250) ENDING BALANCE $ 13,958,510 $ 13,141,835 $ 13,046,585 26

27 SWEETWATER UNION HIGH SCHOOL DISTRICT Community Facilities Districts Proposed Budget Actuals Projection Proposed Budget BEGINNING BALANCE $ 128,956,740 $ 133,661,841 $ 134,691,897 REVENUE Proceeds from Debt Issuance $ 72,140,000 $ - $ - Other Sources (Debt Issuance Premium) 6,823, Tax Revenue 26,047,562 30,421,078 24,873,725 Penalties 136, , ,109 Interest 283, , ,266 Local Revenue 5, Transfers In 55, Total Revenue $ 105,491,320 $ 30,844,415 $ 25,315,100 EXPENDITURES Salaries and Benefits (Construction and Admin) $ 358,158 $ 475,157 $ 614,991 Supplies - - 5,000 Services/Administrative 147, , ,617 Construction: Supplies/Minor Equipment (<$20,000) 111 1,013,165 10,332 Construction: Services/Lease/Repairs 240, ,081 1,324,285 Construction: Facility/Site Construction 2,262,830 5,193,213 2,009,973 Construction: Capital Outlay/Major Equipment 29, Debt Service Expense 16,338,554 14,735,861 14,457,984 Other Outgo - 7,470,929 - Services/Administrative (Debt Issuance) 1,948, Debt Service Expense (Refunding/Early Call) 79,460, Total Expenditures $ 100,786,219 $ 29,814,359 $ 18,556,182 Net Surplus/Deficit $ 4,705,101 $ 1,030,056 $ 6,758,918 ENDING BALANCE $ 133,661,841 $ 134,691,897 $ 141,450,815 27

28 SWEETWATER UNION HIGH SCHOOL DISTRICT Foundation Trust Fund Proposed Budget Actuals Projection Proposed Budget BEGINNING BALANCE $ 12,520 $ 12,563 $ 12,603 REVENUE Local Revenue $ 43 $ 40 $ 50 Total Revenue $ 43 $ 40 $ 50 EXPENDITURES Scholarship Expense $ - $ - $ - Services/Administrative Expense Total Expenditures $ - $ - $ - Net Surplus/Deficit $ 43 $ 40 $ 50 ENDING BALANCE $ 12,563 $ 12,603 $ 12,653 28

Twin Rivers Unified School District 2018/19 ADOPTED BUDGET

Twin Rivers Unified School District 2018/19 ADOPTED BUDGET Presented to the Board of Trustees For Approval June 26, 2018 By Kate Ingersoll, Executive Director Fiscal Services Agenda The Budget Reporting