2012-2013Budget

Escalon Unified School District

FUND Fund Number

PURPOSE

General Fund 01To deliver the District’s education program. Most of the District’s revenues and expenditures are recorded in this fund. Includes both unrestricted and restricted dollars.

Charter School Fund 09 To deliver the Charter School education program.

Cafeteria Fund 13 To provide for District food services.

Deferred Maintenance Fund 14 To meet maintenance needs deferred from prior years.

Transportation Equipment Fund 15 To meet transportation equipment needs.

Special Reserve (Other) 17 To provide for general operating purposes.

Capital Facilities Fund(Developer Fees)

25 To provide for facilities projects made necessary by enrollment growth.

County Schools Facilities Fund 35 To provide for modernization of existing facilities.

Special Reserve for Capital Outlay Projects Fund

40 To provide for capital improvement projects.

Bond Interest and Redemption Fund

51 To provide for the repayment of G.O. Bonds.

Self Insurance Fund 67 To pay deductibles for insurance claims.

Organization of the Budget 

For ease of administration, school district budgets are divided into funds. The Escalon

Unified School District uses the following funds:

General Fund Revenues, 2012-2013 Over 70% of the District’s Revenues are generated

from the District’s Revenue Limit General Fund Revenues, 2012-2013, in millions Revenue Limit 14.55Federal 1.29Other State 3.15Other Local 0.98TOTAL 19.97   

General Fund Expenditures, 2012-2013

It takes people to teach students and over 83% of the District’s total expenditures are committed to the employees of the

District

District Reserves and Net Ending Balances, 2007-2008 to 2012-2013

Net Ending Balance Components, in thousands

 2007-2008

2008-2009

 

2009-2010

2010-2011

2011-2012(est.)

2012-2013

(proj.)Revolving Cash

16 16 16 16 16 16

Prepaid Expenses303.9 303.5 309 242.5 0 0

Restricted Program Balances 0 0 0 0 604.2 472.8

Reserve for Economic Uncertainties 779.1 681.9 687.5 644.3 625.3 620.0

Designated/Undesignated Balance 4325.6 6022.0 4633.0 4401.7 4332.4 3772.9

TOTAL5424.6 7023.4 5645.5 5304.7 5578.0 4881.8

A school district’s Net Ending Balance is a district’s reserve account to fund unforeseen events or pay for multi-year needs

Escalon Unified School District Budget Assumptions

2012- 2013

Revenue-• Beginning Balance 5.5 million (estimated)

• ADA (PY P-2) 2,742.54 (down 27.07 from last year)

• The Total Funded Revenue Limit for 2007-2008 (Funded RL x ADA) was $17,395,289. The Total Funded Revenue Limit for 2012-2013 (Funded RL x 2011-2012 ADA) is $14,316,278. The reduction of Total Funded Revenue Limit from 2007-2008 to 2012-2013 is $3,079,011.

• Lottery Non-Prop 20 118. per ADAProp 20 23.75 per ADA

• Federal Loss of Federal jobs money; all other programs will remain flat

Assumptions cont.

Expenditures• Certificated Salaries

10.2 million, includes teachers, support staff and administratorsStep/Column costs projected at 1.16%5 furlough days continue for 2012-2013Teaching staff numbers decreased due to resignations and staff layoffs totaling

3.22 FTE

• Classified Salaries2.9 millionStep/Column costs projected at 1.16%5 furlough days continue for 2012-2013Staff numbers decreased due to layoffs of 5.26 FTE

• Other ExpendituresDecreased where possible, however supplies were increased at the School Site and in MOT

Description 2012-2013 % Change 2013-2014 % Change 2014-2015

REVENUESRevenue Limit 14,546,006 1.38 14,746,984 1.56 14,977,729Federal Revenue 1,288,576 0.0 1,288,576 0.0 1,288,576Other State Rev. 3,151,645 -0.13 3,147,393 -0.14 3,143,140Other Local Rev. 986,228 0.0 986,228 0.0 986,228TOTAL REVENUE 19,972,455 0.98 20,169,181 1.12 20,395,672

EXPENDITURES

Cert. Salaries 10,283,696 10,283,696 10,667,990Step & Column 1.21 124,517 1.08 115,742Cost of Living Increase Other Adjustments 259,777 TOTAL CERTIFICATED SALARIES

10,283,696 3.74 10,667,990 1.08 10,783,732

Classified Salaries 2,984,874 2,984,874 3,064,853Step & Column 0.62 18,570 0.51 15,850Cost of Living Increase Other Adjustments 61,409 14,180TOTAL CLASSIFIED SALARIES

2,984,874 2.68 3,064,853 0.52 3,080,703

Employee salaries are only increased by the projected step and column increase for each year. There are NO projections for salary increases included in the multi-year assumptions. School years 2011-2012 and 2012-2013 have 5 furlough days included in budget.

Employee Benefits 4,107,542 -2.02 4,024,472 0.47 4,043,331Books & Supplies 1,223,344 1.63 1,243,345 1.61 1,263,347Services & Other Op. Expenses

1,823,288 1.07 1,842,788 1.19 1,864,788

Capital Outlay 45,000 0.0 45,000 0.0 45,000Other Outgo 238,949 6.28 253,949 5.91 268,949Indirect Costs (38,051) 0.0 (38,052) 0.0 (38,053)Other Financing 0 0.0 0 0.0 0TOTAL EXPENDITURES 20,668,642 2.11 21,104,346 0.98 21,311,797NET INCREASE/(DECREASE) IN FUND BALANCE

(696,187) (935,164) (916,124)

Projected Ending Fund Balance (Unrestricted & Restricted) 4,881,823 3,946,658 3,030,534

Ending Fund Balance as a % of Expenditures23.6% 18.7% 14.2%

Multi Year Projection

Other Fun Budget Facts

• Revenue Limit deficit is 22.275% (we received 78 cents on the $)

• Revenue Limit assumes passage of the Governor’s tax initiative equates to $441 per ADA or 1.2 million in lost revenue

• COLA is added in 2013-2014 and 2014-15 which adds 1.4 million to the bottom line

• ADA is projected to drop 30 for 2013-2014 and 2014-15 total loss of $408K

• Deferred payments will continue. A cash flow was not provided because information is sketchy at best.

• Other Funds are projected as positive; however Fund 25 is now out of money and Fund 40 will have to pick up all of the COP payment this year.

Stay tuned……..

Governor Brown addressing the Legislature