fy06/07 1 st interim december 12, 2006. changes from original budget to projected year totals...
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FY06/07 1st Interim
December 12, 2006
Changes from Original Budget to Projected Year Totals
Unrestricted Restricted Combined
Revenues
Original Budget
Carryover
New/Revised
Net Adjustments
FY06/07 Projected Year Totals
59,937,896
-
1,561,053
21,201
61,520,150
18,509,196
957,622
241,899
-
19,708,717
78,447,092
957,622
1,802,952
21,201
81,228,867
Expenditures
Original Budget
Carryover
New/Revised
Budget Revisions
BOE Budget Revision – CAT BG
Net Adjustments
FY06/07 Projected Year Totals
51,493,840
-
3,847,197
-
(171,590)
55,169,447
23,687,100
2,790,364
241,903
967,033
(105,097)
11,525
27,592,828
75,180,940
2,790,364
241,903
4,814,230
(105,097)
(160,065)
82,762,275
Changes from Original Budget to Projected Year Totals
Unrestricted Restricted Combined
Other Sources/(Uses)
Original Budget
Budget Revisions
BOE Budget Revision – IFTs
BOE Budget Revision – CAT BG
FY06/07 Projected Year Totals
(5,748,142)
(967,033)
425,353
105,097
(6,184,725)
5,177,904
967,033
-
(105,097)
6,039,840
(570,238)
-
425,353
-
(144,885)
Net Increase (Decrease) in Fund Balance
Beginning Balance
Ending Balance
165,978
2,533,757
2,699,735
(1,844,271)
1,844,271
-
(1,678,293)
4,378,028
2,699,735
Components of Fund Balance
Unrestricted Restricted Combined
Ending Fund Balance
Revolving Cash
Legally Restricted
For Economic Uncertainties
Available Unrestricted Reserve
2,699,735
50,000
-
2,499,975
149,760
-
-
-
-
-
2,699,735
50,000
-
2,499,975
149,760
Multi-Year Projections
Categories 2006-2007 2007-2008 2008-2009
MAJOR ASSUMPTIONS
District Enrollment (CBEDS) 9,9129,912 9,759 9,535
District ADA – Projected 9,416 9,335 9,116
District ADA – Funded 9,4769,476 9,416 9,335
Revenue Limit & Other State COLA 5.92% 4.7% 2.8%
Revenue Limit Deficits 0% 0% 0%
Equalization Aid Per ADA $73 $0 $0
Special Education Encroachment 0.96 M 0.35 M 0.5 M
Spending Reductions 0.8 M - -
Indirect Cost Rate 2.93% 2.93% 2.93%
CPI 3.3% 2.9% 2.7%
Multi-Year ProjectionsCategories 2006-2007 2007-2008 2008-2009
REVENUES
Revenue Limit Sources 53,967,930 56,081,688 57,117,828
Federal Revenues 6,099,481 6,099,481 6,099,481
Other State Revenues 12,040,131 10,942,715 11,203,579
Other Local Income 9,121,325 9,121,325 9,121,325
Total Revenues 81,228,867 82,245,209 83,542,214
EXPENDITURES
Salaries & Benefits 67,162,211 65,849,356 66,638,155
Books/Supplies & Outlay 3,744,952 3,853,556 3,957,602
Services & Operating Expenses 9,890,202 8,865,642 9,332,310
Other Outgo & Transfers 1,964,910 1,964,910 1,964,910
Total Expenditures 82,762,275 80,533,464 81,892,977
Other Sources (Uses) (144,885) (570,238) (570,238)
Net Inc/Dec in Fund Balance (1,678,293) 1,141,507 1,078,999
BEGINNING BALANCE 4,378,028 2,699,735 3,841,242
ENDING BALANCE 2,699,735 3,841,242 4,920,241
Components of Fund Balance
FY06/07 Projection
FY07/08 Projection
FY08/09 Projection
Ending Fund Balance
Revolving Cash
For Economic Uncertainties
For Other Designations
Available Unrestricted Reserve
2,699,735
50,000
2,499,975
-
149,760
3,841,242
50,000
2,433,111
1,248,842
109,290
4,920,241
50,000
2,473,896
1,248,842
1,147,502
General Fund Revenues
Federal8%
Other State15%
Local11% Revenue Limit
66%
General Fund Revenue - $81.2 M
Classified Salaries15%
Benefits15%
Books & Supplies5%
Services12% Certificated Salaries
53%
General Fund Expenditures
Unrestricted General Fund Expenditures
Personnel92%
Non-Personnel8%
Excludes $144,680 of Outgo and Direct/Indirect Support
Unrestricted Expenditures -
$55.0 M
Outstanding Issues that Could Impact the Budget
• Salary Formula
• Negotiations
• FCMAT Special Education Recommendations
• FCMAT Technology Recommendations
Food and Nutrition ServicesMulti-Year Projections
Categories 2006-2007 2007-2008 2008-2009
MAJOR ASSUMPTIONS
Lunch Reimbursement Rates
Federal
Free 2.17 2.19 2.21
Reduced 1.77 1.79 1.81
Paid 0.25 0.27 0.29
State – Free & Reduced Only 0.1563 0.1563 0.1663
Commodities Dollars
Meals Served
-
534,780
100K
561,519
105K
589,595
Capital Improvements - 60K 150K
Food and Nutrition ServicesMulti-Year Projections
Categories 2006-2007 2007-2008 2008-2009
REVENUES
Federal Revenues 1,049,391 1,101,860 1,156,953
Other State Revenues 84,281 88,495 92,920
Other Local Income 763,364 839,700 923,670
Total Revenues 1,897,036 2,030,056 2,173,544
EXPENDITURES
Salaries & Benefits 1,138,424 1,149,808 1,167,055
Food and Supplies 804,443 723,999 723,999
Services & Operating Expenses 19,466 20,000 20,000
Capital Outlay 11,538 60,000 150,000
Other Outgo & Transfers 57,496 55,489 55,994
Total Expenditures 2,031,368 2,009,296 2,117,048
Other Sources (Uses) 134,332 - -
Net Inc/Dec in Fund Balance - 20,760 56,495
BEGINNING BALANCE 37,836 37,836 58,596
ENDING BALANCE 37,836 58,596 115,091