twin rivers unified 2013/14 adopted budget presented to the board of trustees june 25, 2013 by kate...
TRANSCRIPT
TWIN RIVERS UNIFIED 2013/14 ADOPTED BUDGET
Presented to the Board of Trustees June 25, 2013
By Kate Ingersoll, Executive Director, Fiscal Services
2013/14 GENERAL FUND
Beginning Fund Balance $52,010,949
Revenues 240,732,522
Expenditures 236,439,394
Net Increase/(Decrease) Fund Balance 4,293,128
Ending Fund Balance $56,304,077
Components of Ending Fund Balance:
Nonspendable $455,000
Restricted 426,003
Assigned 40,423,074
Unassigned - Economic Uncertainties 15,000,000Unassigned (Available) Fund Balance $0
2013/14 GENERAL FUND REVENUES
Revenue Limit $153,833,149State Aid 99,852,374Property Taxes 25,384,231Education Protection Account 28,596,544
Federal 25,526,313State 48,615,305Local & Other 12,757,755
20,000
21,000
22,000
23,000
24,000
09/10 Actual 10/11 Actual 11/12 Actual 12/13 Actual 13/14 ProjectionP-2 ADA (Not Including SCOE) 23,870 23,841 23,210 23,142 22,826Rev Lim ADA (Not Including SCOE) 23,926 23,841 23,495 23,142 22,890
2013/14 REVENUE LIMIT ADA VS P2 ADA – K/12
2013-14 REVENUE LIMIT 1.565% Cost of Living
Adjustment
Apply 2013-14 deficit of18.997% (3.275% decrease over the prior year) to our undeficited 2013-14 revenue limit (RL) per ADA
Twin Rivers USD
Loss of $1,453 per ADA
$1,453 x 22,890 ADA = $33,259,170 loss of revenue
2013-14 Revenue LimitBefore Deficit
2013-14 Revenue Limit AfterDeficit and Cut
2013-14
Revenue Limit
Funding
Deficit Factor
Reduction$1,453 (18.997%)
$7,648 $7,648
$6,195Funded RL= $7,648 – ($7,648 x 0.18997)= $7,648 – $1,453= $6,195
1,500
1,600
1,700
1,800
1,900
2,000
2,100
09/10 Actual 10/11 Actual 11/12 Actual 12/13 Actual 13/14Projection
P-2 ADA 1,730 1,822 2,001 2,032 2,052
2013/14 P2 ADA - CHARTER
FEDERAL REVENUE:
10% reduction to Title I Part A and 5% reduction to Special Education (Federal Sequestration)
One-time funding eliminated
Deferred revenue:
o Estimated at $10 milliono Only $837 thousand is reflected in the Adopted
Budgeto Remainder will be budgeted at First Interim
once the actuals are known
REVENUES
REVENUES - CONTINUED
STATE REVENUE: Home-to-School Transportation, Class Size Reduction (CSR),
Economic Impact Aid (EIA) and School Library Improvement Block Grant (SLIBG) remain the same as prior year
No Mandated Cost reimbursements One-time funding eliminated Lottery per student rate is $154 SBx3 4 Flexibility of Tier III programs is $9.8 million
LOCAL REVENUE: Interest Income One-time funding eliminated State Special Ed – no COLA or reduction
2013/14 GENERAL FUND EXPENDITURES
Certificated $108,909,167Classified 39,925,644Employee Benefits 41,141,887Books & Supplies 12,146,794Services 34,123,963Capital & Other 191,939
CERTIFICATED SALARIES: Current position control Unrestricted vs. restricted
CLASSIFIED SALARIES: Current position control Unrestricted vs. restricted
2012/2013 CATEGORICAL CARRYOVER Not included
LUMP SUM $35.61 elementary, $60.01 junior high, $97.86 high
school
RRMA @ 2.3% CONTRIBUTIONS
Transportation Special Education Community Day School
EXPENDITURES
OTHER FUNDS
Adult Education Fund
Child Development Fund
Cafeteria Fund
Deferred Maintenance Fund
Special Reserve Fund for Other Than Capital Outlay Projects
Special Reserve Fund for Post-Employment
Building Fund
Capital Facilities Fund-Developer Fees
Special Reserve Fund for Capital Outlay Projects
Other Enterprise Fund
Retiree Benefit Fund
2014/15 GENERAL FUND - PROJECTIONS
Beginning Fund Balance $56,304,077
Revenues 242,121,476
Expenditures 243,758,281
Net Increase/(Decrease) Fund Balance (1,636,805)
Ending Fund Balance $54,667,272
Components of Ending Fund Balance:
Nonspendable $455,000
Restricted 426,003
Assigned 38,786,269
Unassigned - Economic Uncertainties 15,000,000Unassigned (Available) Fund Balance $0
2015/16 GENERAL FUND – PROJECTONS
Beginning Fund Balance $54,667,272
Revenues 245,256,491
Expenditures 248,596,493
Net Increase/(Decrease) Fund Balance (3,340,002)
Ending Fund Balance $51,327,270
Components of Ending Fund Balance:
Nonspendable $455,000
Restricted 426,003
Assigned 35,446,267
Unassigned - Economic Uncertainties 15,000,000Unassigned (Available) Fund Balance $0
SACS BUDGET FORMS Budget Certification Average Daily Attendance Revenue Limit Summary Cash Flow Projection Multi Year Projections – General Fund Summary of Interfund Activities Current Expense Formula/Minimum Classroom
Compensation Schedule of Capital Assets – 2012/13 Schedule of Long-Term Liabilities – 2012/13 Other Funds Criteria and Standards
NEXT STEPS Staff will present a budget revision to the
Board within 45 days of the State adopting their 2013/14 Budget.
Any questions?