mt. diablo unified school district first interim report 2004-05

Mt. Diablo Unified School District

First Interim Report2004-05

REVENUE Total Revenue 246,961,079 249,666,571 253,357,679

EXPENDITURES Total Expenditures 258,530,977 250,318,307 254,129,344

Revenue/Expenditure Difference (11,569,898)* (651,736) (771,665)

*Actual revenue/expenditure difference is ($3,049,233) after excluding one-time expenditures funded by beginning balance

2004-05 2005-06 2006-07

Beginning Balance $ 19,190,623 $ 7,620,725 $ 6,968,990


Multi-Year Revenue/Expenditure Budget Projections2004-05 First Interim Report

Revenue/Expenditure Difference (11,569,898) (651,736) (771,665)

Ending Balance 7,620,725 6,968,990 6,197,325

Reserved for revolving cash/stores 1,050,000 1,050,000 1,050,000Reserved for economic uncertainties (2%) 5,170,620 5,170,620 5,170,620Designated lottery funds (with cap at $105) 199,212 388,427 568,142Designated one-time money 0 0 0

Unrestricted/Undesignated Ending Balance 1,200,893* 359,943 (591,437)

2004-05 2005-06 2006-07


Multi-Year Revenue/ExpenditureBudget Projections2004-05 First Interim Report

*reduced by approximately $2.8 million to reflect the carryover of school site, department, and other budgets from fiscal year 2003-04.


2004-05 First Interim Report

General Fund Revenues and Expenses Trend

$180,000,000

$190,000,000

$200,000,000

$210,000,000

$220,000,000

$230,000,000

$240,000,000

$250,000,000

$260,000,000

1997-98 1998-99 1999-2000 2000-01 2001-02 2002-03 2003-04 2004-05(projected)

2005-06(projected)

2006-07(projected)

Fiscal Years

Gen

eral

Fu

nd

Rev

enu

es

and

Exp

ense

s

Expenses

Revenues



Excess or (Deficiency) of General Fund Activities Trend

2005-06(projected)

2006-07(projected)

2004-05(projected)

1997-98

1998-99

2000-01 2001-02

2003-04

1999-2000

2002-03

($8,000,000)

($6,000,000)

($4,000,000)

($2,000,000)

$0

$2,000,000

$4,000,000

$6,000,000

Fiscal Years

Exc

ess

or

(Def

icie

ncy

) o

f G

ener

al F

un

d A

ctiv

itie

s



Ending General Fund Balances Trend(Unreserved/Undesignated)

($5

91

,43

7)

$1

,20

0,8

91

$3

59

,94

3

$4

,67

0,5

68

$8

,38

4,1

99

$6

,36

5,3

87

$7

92

,32

8

$2

,37

3,3

91

$1

,71

0,1

94

$2

,06

8,7

67

($2,000,000)

($1,000,000)

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000

$9,000,000

1997-98 1999-2000 2001-02 2003-04 2005-06(projected)

Fiscal Years

En

din

g G

en

era

l F

un

d

Ba

lan

ce

s }44.2%



Why?

Three factors. . .



1)

Deficit spending of

$3,049,233in the current fiscal year



2)Declining Student Attendance

309 fewer students equals

$1,485,672*in lost revenue

*Based on fiscal year 2004-05 revenue which was funded at $4,808 per student attendance (ADA).



Student Attendance Trend(excludes Adult Education)

34

,93

135

,24

6

35

,24

0

35

,14

3

34

,80

1

34

,53

5

34

,28

8

34

,41

0

34

,11

4

33,400

33,600

33,800

34,000

34,200

34,400

34,600

34,800

35,000

35,200

35,400

1997-98 1998-99 1999-2000 2000-01 2001-02 2002-03 2003-04 2004-05(projected)

2005-06(projected)

Fiscal Years

Stu

den

t A

tten

dan

ce (

P-2

AD

A)

} 309

} 521

296}



3)State’s challenge is

to correct deficit spending;

otherwise, the district’s revenuewill continue to be

underfunded



As noted in a November 17, 2004 article by the state’s Legislative Analyst, Elizabeth Hill:

“[the state] still has a lot of hard work to do [to reduce its spending and/or raise taxes]. . .we really haven’t addressed this large structural imbalance [of deficit spending].”

A full copy of the detailed First Interim Report

is available upon request

or visit our web site:

www.mdusd.k12.ca.us/fiscal

http://www.mdusd.k12.ca.us/fiscal


First Interim Report2004-05

mt. diablo unified school district first interim report 2004-05

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