Liberty Union High School District 20 Oak Street

Brentwood, CA 94513 Phone: 925.634.2166 Fax (925) 634-1687

TO: Superintendent and Board Members FROM: Liz Robbins DATE: September 13, 2017

RE: 2016-17 Unaudited Actuals

Attached for your review is a copy of the Unaudited Actuals (UA) for fiscal year ending 2016-17. This report is presentation of the District’s financial status as of June 30, 2017. This has been another year of positive revenue growth for education with continued implementation of the Local Control Funding Formula (LCFF). LCFF Supplemental Funds expenditures in the amount of $2,721,099 are reflected as part of the total expenditures of the District. These expenditures have been budgeted in the Local Control Accountability Plan district designated resource 0787. This resource tracks the LCAP goal expenditures for students participating in the Free and Reduced Lunch program as well as English Learners, Homeless and students in Foster Family Homes. Many of the LCAP goals were fully implemented and is reflected in the expenditures for this fiscal year end. ESTIMATED ACTUALS vs. UNAUDITED ACTUALS Each year districts are required to include an estimate of the Ending Fund Balance in the Budget Adoption process. I have summarized below the variance of what was the 2016-17 Estimated Actuals at 2017-18 Budget Adoption and where the District ended with the 2016-17 Unaudited Actuals for the General Fund. The largest variance to our ending fund balance was an increase to Restricted Revenue due to unanticipated RDA and LCFF Property Tax Transfer revenue in the amount of $328K and $132K respectively. On the Unrestricted side, interest income and facility rentals revenue were approximately $225K higher and expenditures were lower by $1M than expected primarily due to carryover of one time funds of $517K as well as lower phone and textbook $355K and repairs $63K and capital equipment $115K expenditures.

Ending Fund Balance Comparison ESTIMATED UNAUDITED ACTUALS VARIANCE Unrestricted $ 7,853,637 $ 8,811,822 $ 958,482 Restricted $ 4,424,734 $ 5,266,982 $ 842,248 Totals $ 12,278,371 $ 14,078,804 $ 1,800,730

INCLUDED IN YOUR PACKET:

Two page Certification, Form CA Power Point Summary of 2016-17 Unaudited Actuals One page summary worksheet for the General Fund Estimated and Unaudited Actuals Summary of Components of 2016-17 Ending Fund Balance ADA for 2016-17 UA and 2017-18 Budget and other SACS Supplemental forms Formal SACS forms A one page summary of all other funds

All information listed above is presented in the order of appearance in your packet and begin just after the two page certification Form CA. BOARD ACTION REQUESTED: Approval of the 2016-17 Unaudited Actual report as presented.

 

 

 

 

• 8,1992016‐17 Calpads 

Enrollment 

• LUHSD 7,724.07

• COE            49.05

• Total       7,773.75 

2016‐17

ADA

94.21 % of enrollment

EFB‐UA Restricted

$5,266,981 (6.27% of Exp)

EFB ‐ UA UnRestricted 

$8,811,822 (10.48% of Exp)

EFB ‐UA Total 

$14,078,803 (16.75% of Exp)

Restricted EFB Increase from EA

$432,522

UnRestricted EFB  Increase from EA

$1,368,207 

Restricted Changes 

• Increase Restricted Revenue  ‐ Restricted Property Tax for SPED $133K, RDA $328K, all other $96K

• Decrease Restricted Expenditures  ‐ ($125K)

Unrestricted Changes 

• Increase Revenue ‐ LCFF $67K, Interest $100K, Lease/Rntls $125K

• Decrease in overall Expenditures ‐ One time ($517K), Phone exp ($171K), Textbooks ($184K), Capital Equip ($115), Repairs ($63K)

2016‐17 Unaudited Actual Summary 

2016‐17 Ending Fund Balance (EFB) Unaudited Actuals (UA) compared to Estimated Actuals (EA) 

 

 

 

 

 

2016‐17 Unaudited Actuals EFB Summary   Legally Restricted Programs  $               5,266,982  6.27% 

Economic Uncertainty  $               4,203,232  5.00% 

Locally Restricted ‐Site  $                  113,634  0.14% 

Technology  $               1,500,000  1.78% 

One Time Carryover  $                  517,335  0.62% 

Supplemental LCAP  $               1,000,000  1.19% 

Undesignated    $               1,477,620  1.76% 

TOTAL EFB  $            14,078,803  16.75%  

6.27%, Legally Restricted Programs, 

$5,266,982 

5.00%, Economic Uncertainty,  $4,203,232 

0.14%, Locally Restricted ‐Site & Revolving, $113,634 

1.78%, Technology, $1,500,000 

0.62%, One Time Carryover, $517,335 

1.19%, Supplemental 

LCAP,  $1,000,000 

1.76%, Undesignated, $1,477,620 

Legally Restricted Programs Economic Uncertainty

Locally Restricted ‐Site & Revolving Technology

One Time Carryover Supplemental LCAP

Undesignated

Shown as % of Total General Fund Expenditures $84,064,625