twin rivers unified 2010/11 adopted budget presented to the board of trustees june 29, 2010
DESCRIPTION
2010/11 GENERAL FUND REVENUES Revenue Limit$142,200,710 Federal21,892,852 State46,618,541 Local & Other12,370,444TRANSCRIPT
TWIN RIVERS UNIFIED
2010/11 ADOPTED BUDGET
Presented to the Board of TrusteesJune 29, 2010
2010/11 GENERAL FUND
Beginning Fund Balance $33,579,464
Revenues 223,082,547
Expenditures 235,037,963
Net Increase/(Decrease) Fund Balance (11,955,416)
Ending Fund Balance $21,624,048
Components of Ending Fund Balance:
Current Assets $450,000
Economic Uncertainties 7,051,139
Restricted Program Balance 1,784,320
Reserve – Site’s MAA 58,889
Unallocated Adjusted Balance $12,279,700
2010/11 GENERAL FUND REVENUES
Local & Other6%
State 21%
Federal10%
Revenue Limit63%
Revenue Limit $142,200,710Federal 21,892,852State 46,618,541Local & Other 12,370,444
10,00012,00014,00016,00018,00020,00022,00024,00026,000
P-2 ADA (Not IncludingSCOE)
24,908 24,277 23,859 23,325
Rev Lim ADA (Not IncludingSCOE)
25,578 24,515 23,931 23,519
07/08 Actual
(Combined
08/09 Actual
09/10 Actual
10/11 Projections
2010/11 REVENUE LIMIT ADA vs P2 ADA – K/12
2010-11 Revenue Limit
Apply 2010-11 deficit of18.355% to our undeficited2010-11 revenue limit (RL)per ADA
Apply the 3.85% cut to the undeficited revenue limit per ADA
Twin Rivers USDFunded RL= $7,186 – ($7,186 x 0.18355 + $7,186 x 0.0385)= $7,186 – ($1,319 + $277)= $7,186 – $1,596= $5,915
2010-11 Revenue LimitBefore Deficit
2010-11 Revenue Limit AfterDeficit and Cut
2010-11
Revenue Limit
Funding
Deficit Factor
Reduction$1,319 (18.355%)
$277 (3.85%)
reduction
$7,186 $7,186
$5,590
1,200
1,300
1,400
1,500
1,600
1,700
1,800
P-2 ADA 1,413 1,678 1,730 1,789
07/08 Actual (Combined Districts)
08/09 Actual 09/10 Actual10/11
Projection
2010/11 P2 ADA - Charter
FEDERAL REVENUE:O One-time American Recovery and Reinvestments Act (ARRA) are eliminatedO No deferred revenueO Deferred revenue estimated at $12 Million
STATE REVENUE:O Most programs include a negative .39% COLAO CSR reduced $720 thousandO No Mandated CostO Lottery per student rate is $125.50O SBx3 4 Flexibility
LOCAL REVENUE: O Interest IncomeO State Special Ed – no COLA and cut from SELPA
REVENUES
2010/11 GENERAL FUND EXPENDITURES
Capital & Other2%Books &
Supplies5%
Services11%
Employee Benefits
18%
Classified19%
Certificated45%
Certificated $105,753,089
Classified 41,017,755Employee Benefits
43,126,050
Services 28,697,543Books & Supplies
12,430,323
Capital & Other
4,013,203
CERTIFICATED SALARIES:O Current position controlO Unrestricted vs. restricted
CLASSIFIED SALARIES:O Current position controlO Unrestricted vs. restricted
BENEFITS 2009/2010 CATEGORICAL CARRYOVER
O Not included LUMP SUM
O $28.85 elementaryO $53 junior highO $90.85 high school
RRMA @ 2.22%
EXPENDITURES
OTHER FINANCING SOURCES
TRANSFERS OUT– Adult Education Fund– Deferred Maintenance Fund
CONTRIBUTIONS– Transportation– Special Education– Community Day School
Other Funds
Beginning Balance $ 413,835
Income 5,166,760
Expenditure 5,578,862
Ending Balance $ 1,733
Adult Education Fund Child Development Fund
Beginning Balance $ 1,323,303
Income 6,213,305
Expenditure 6,213,305
Ending Balance $ 1,323,303
Other Funds - continued
Beginning Balance $ 6,564
Income 12,867,000
Expenditure 12,867,000
Ending Balance $ 6,564
Cafeteria Fund Deferred Maintenance Fund
Beginning Balance $ 1
Income 790,000
Expenditure 790,000
Ending Balance $ 1
Other Funds - continued
Beginning Balance $ 3,720,774
Income 40,000
Expenditure 3,600,000
Ending Balance $ 160,774
Special ReserveFund
Special Reserve Fundfor Post-Employment
Beginning Balance $ 1,011,644
Income 10,000
Expenditure 0
Ending Balance $ 1,021,644
Other Funds - continued
Beginning Balance $ 35,349,903
Income 4,168,000
Expenditure 9,520,951
Ending Balance $ 29,996,952
BuildingFund
Capital Facilities Fund-Developer Fees
Beginning Balance $ 900,000
Income 484,500
Expenditure 1,384,500
Ending Balance $ 0
Other Funds - continued
Beginning Balance $ 1,915
Income 0
Expenditure 0
Ending Balance $ 1,915
State School BuildingLease-Purchase Fund
Special Reserve Capital Outlay Fund
Beginning Balance $ 8,109,193
Income 265,000
Expenditure 0
Ending Balance $ 8,374,193
Other Funds - continued
Beginning Balance $ 98,384
Income 67,000
Expenditure 115,000
Ending Balance $ 50,384
Other EnterpriseFund
Retiree Benefit Fund
Beginning Balance $ 250,209
Income 3,000
Expenditure 0
Ending Balance $ 253,209
2011/12 GENERAL FUND - PROJECTIONS
Beginning Fund Balance $21,624,048
Revenues 223,857,937
Expenditures 233,077,097
Net Increase/(Decrease) Fund Balance (9,219,160)
Ending Fund Balance $12,404,889
Components of Ending Fund Balance:
Current Assets $450,000
Economic Uncertainties 6,992,313
Reserve-Program Balances 1,682,668
Unallocated Adjusted Balance $3,279,908
2012/13 GENERAL FUND – PROJECTONS
Beginning Fund Balance $12,404,889
Revenues 219,408,046
Expenditures 238,948,771
Net Increase/(Decrease) Fund Balance (19,540,725)
Ending Fund Balance $(7,135,837)
Components of Ending Fund Balance:
Current Assets $450,000
Economic Uncertainties 7,168,463
Reserve-Program Balances 1,682,668
Unallocated Adjusted Balance $(16,436,968)
SACS BUDGET FORMS
Budget Certification Average Daily Attendance Revenue Limit Summary Multi Year Projections – General Fund Summary of Interfund Activities Current Expense Formula/Minimum Classroom Compensation Schedule of Capital Assets – 2009/10 Schedule of Long-Term Liabilities – 2009/10 Other Funds Criteria and Standards
NEXT STEPS
Once the State adopts a 2010/11 Budget, staff will present a budget revision to the Board.
Any questions?