2012-13 Unaudited Actuals and Local Control Funding (LCFF)

2012-13 Unaudited Actuals and Local Control Funding (LCFF)

Where we are or rather where we were in 2013In the BIG picture, our budget is in good shape.The adjustments that were made have stabilized our budget.

However, we are entering a new era of LCFF funding. The rules and exactly how they will apply are unknown as of today.This makes the revenue projections for this year less certain.

RevenuePage 1, Section A2012-13 Unaudited Actuals2013-14 BudgetRevenuesUnrestricted(A)Restricted(B)Combined(C)Unrestricted(D)Restricted(E)Combined(F)Revenue Limit20,625,104442,58721,067,69120,991,868020,991,868Federal Revenue25,4324,125,2564,150,689223,2203,758,4733,981,693Other State4,658,7234,681,3789,340,1024,144,9764,742,9328,887,908Other Local696,9761,799,8932,496,869713,4801,605,1752,318,655Total Revenue26,006,23611,049,11537,055,35226,073,54410,106,58036,180,124Revenue SourcesExpenditures Page 1, Section B2012-13 Unaudited Actuals2013-14 BudgetExpendituresUnrestricted(A)Restricted(B)Combined(C)Unrestricted(D)Restricted(E)Combined(F)Certificated Salaries11,965,3964,141,12316,106,52012,031,4904,193,86416,225,344Classified Salaries2,337,6863,036,5985,374,2842,441,3732,991,2155,432,588Employee Benefits6,422,6432,718,1389,140,7826,162,8752,860,2079,028,082Books & Supplies582,2781,090,9451,673,224853,1691,152,4162,005,585Capital Outlay456,786100,645557,432416,73734,023450,760Services1,952,8971,154,8273,107,7252,187,3681,194,9643,382,333Other Outgo323,5350323,535265,2470265,247Other (Transfers)(715,273)488,089(227,184)(432,058)297,345(134,713)Total Expenditures23,325,95112,730,36936,056,32123,926,20212,724,02436,650,226ExpendituresExcess (Deficiency) Revenue over ExpendituresPage 1, Section C2012-13 Unaudited Actuals2013-14 BudgetUnrestricted(A)Restricted(B)Combined(C)Unrestricted(D)Restricted(E)Combined(F)C. Excess Deficiency) of Revenue over Expenditures Before Other Financing Sources and Uses2,680,285(1,681,254)999,0312,147,342(2,617,444)(470,102)Other Financing Sources Page 1, Section D2012-13 Unaudited Actuals2013-14 BudgetOther Financing Sources/UsesUnrestricted(A)Restricted(B)Combined(C)Unrestricted(D)Restricted(E)Combined(F)Interfund TransfersTransfers In000000Transfers Out210,3350210,335359,1050359,10529,22,Other Sources/UsesUses000000Sources29,429029,429000Contributions(1,747,714)1,747,7140(2,509,421)2,509,4210Total Other Financing Sources/Uses(1,928,619)1,747,714(180,905)(2,868,526)2,509,421(359,105)Net Result of OperationsPage 2, Section E2012-13 Unaudited Actuals2013-14 BudgetUnrestricted(A)Restricted(B)Combined(C)Unrestricted(D)Restricted(E)Combined(F)E. Net Increase (Decrease) In Fund Balance 751,66566,460818,125(721,184)(108,023)(829,207)Fund Balance Page 2, Section F2012-13 Unaudited Actuals2013-14 BudgetFund Balance and ReservesUnrestricted(A)Restricted(B)Combined(C)Unrestricted(A)Restricted(B)Combined(C)Beginning BalanceBeginning Balance As Of July 1, Unaudited9,432,6702,733,78212,165,9529,678,1752,799,94212,477,917Audit Adjustments(506,160)0(506,160)(71,918)0(71,918)As of July 1, Audited8,926,5102,733,28211,659,7929,606,2562,799,74212,405,999Adjusted Beginning Balance8,926,5102,733,28211,659,7929,606,2562,799,74212,405,999Other Restatements000000Ending Balance9,678,1752,799,74212,477,9178,885,0722,691,71811,576,791

ofGrade Span Base Grants

K 3 $6,845 + $712 for CSR = $7,557

4 6 $6,947

7 8$7,154

9 12$8,289These numbers are the target amounts and may not be reached for 7 to 8 years or even longer. There are no solid numbers for the current year.Balanced Rock, Castleford, IdahoLike this rock, the new LCFF will be a balancing act.