Conejo Valley Unified School District

Budget UpdateDistrict Advisory CommitteeApril 12, 2011

Conejo Valley Unified School District2010-11 CVUSD UGF (2nd Interim)Estimated Recurring Deficit$(2,100,000)Estimated Ending Balance$ 18,546,000Detail Follows22010-11 2nd InterimEstimated Ending Balance$18,546,0003% Reserve$ 4,954,000Stores/Rev. Cash$ 213,000Program Carryover/Sup Hours$ 183,000Audit/Mental Health Reserve$ 600,0002010-11 BRL Restoration (Oct.)$ 5,400,000Fed. Jobs Fund-Bal after 5 Days$ 1,482,000Originally $4 million (Oct.)11-12 Budget Dev.$ 4,514,0009-10 Ending Balance $2.9 (Sept.)Man.Costs/10% Stimulus $1.5 (March)10-11 End Balance Fallout$ 1,200,000

32011-12 CVUSD UGFEstimated Adopted Budget DeficitEstimated Recurring Deficit$(4,400,000)10-11 1st Interim $2.1 millionNet Step/Column $1.2 millionHealth Benefits $0.5 millionDecline. Enroll. $0.3 millionMisc. $0.3 million

Estimated Ending Balance$12,600,000Excludes 3% Reserve/Carryovers42011-12 State Education Budget ScenariosCVUSD ImpactElection Passes$0.4 million loss ($19 per ADA)$4.8 million CVUSD recurring deficitElection Fails Prop. 98 Minimum$7.0 million loss ($19 + $330 per ADA)$11.4 million CVUSD recurring deficitElection Fails Suspend 98 to Fair Share$16.5 million loss? ($800 per ADA?)$20.9 million CVUSD recurring deficit52011-12 Best Case Taxes PassEst. Recurring Deficit$(4.8 million)Avail. Est. End Balance $12.6 million

Recommended Strategy:No CutsUse $4.8 million reserve to cover deficitConsider limited restorations with reservesPreserve unspent reserves for 2012-13 Budget12-13 Deficit? - $3.8 million62011-12 Moderate Case Taxes FailProp. 98 MinimumEst. Recurring Deficit$(11.4 million)Avail. Est. End Balance$12.6 million

Recommended Strategy: Make $4.0 million in hard cutsUse $7.4 million reserve to cover deficitPreserve other reserves ($5.2 million) for 2012-13 Budget12-13 Deficit? - $6.4 million

72011-12 Worst Case Taxes FailProp. 98 SuspendedEst. Recurring Deficit$(20.9 million)Avail. Est. End Balance$ 12.6 millionRecommended Strategy: Make $4.0 million in hard cutsUse $ 12.6 million budget dev. reservesUse $4.3 million of 3% reserve ($0.7 million left)12-13 Deficit? - $15.9 millionPRAY FOR DELIVERANCE!!!

8Framework for $4.3 Million Hard CutsDistrict Office/District Support$ 250,000Park Oaks Closure$ 450,000Elementary Schools$ 250,000Middle Schools$ 300,000High Schools$ 450,000K-3, from 22 to 25 to 1$ 900,0004-12 from 30 to 31 to 1$1,400,000

Total$4,000,000$4.0 Million Hard Cuts DetailDistrict Office/Support$250,000Eliminate Dir. Purchasing Full Year - $66,000Eliminate Admin. Asst. Facilities - $44,000Energy Ed. Consulting Contract - $80,000Restructure Pupil Services - $60,000Elementary Schools$250,000Eliminate Elementary Counseling - $225,000Reduce OCBG by $3 per student - $25,000

$4.0 Million Hard Cuts DetailMiddle Schools$300,000Eliminate Dept. Chair Periods (4.0 FTE) - $260,000Double Stipends, No ObservationsReduce SCS Tech Periods (0.6 FTE) - $40,000High Schools$450,000Reduce 10 Coaching Stipends Per School - $100,000Eliminate Remedial Reading Sections - $90,000Eliminate 1.0 FTE ICT Per School (3.0 FTE) - $150,000Reduce OCBG by $4 per student - $30,000Eliminate CVHS Afternoon Program ( 0.6 FTE) - $40,000Reduce Adult Ed Learning Center/Tech Support - $40,000