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West Contra CostaUnified School District

January 4, 2012

2011-12Budget Update

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Multi Year Projection 2011-12 Mid Year Trigger Estimates

Unrestricted General Fund2011-12 2012-13 2013-14

Revenues $168,308 $165,890 $165,701Special Reserve Usage 872 2,879 6,661 Expenses 171,324 168,769 172,362 Deficit Spending (2,144) - - Beginning Fund Balance 18,439 16,295 17,695 Ending Fund Balance 16,295 16,295 17,695 Required Reserve 8,495 8,076 8,243 Stores & Revolving Cash 300 300 300 Mid-Year Trigger Reserve - 7,919 8,097 Remaining Balance $7,500 $0 $1,055

Chart in Thousands

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Multi Year Projection• 2011-12

– Will meet 3% reserve– Use of Special Reserve Fund $872,000– Mid Year Trigger $1.4 million enacted

• Changes Reserves – but enacts actual revenue reductions

• 2012-13– Will meet 3% reserve– Reserve for Mid-Year Triggers for 2012-13 will be needed– Use of Special Reserve fund $2.8 million

• 2013-14– Will meet 3% reserve– Use of Special Reserve fund $6.6 million

All years assume zero COLA due to ongoing State fiscal crisis and pending information on the Governor’s Proposed Budget

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K-3 Class Size Reduction

• The Parcel Tax will pay $1.9 million toward the reduction of class sizes in grades K-3

• If the Governor’s Budget funding levels are greater than current assumptions the funding will be added to the K-3 Class Size Reduction program – up to the $2.4 million prioritized by the Board

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State Outlook• Governors Budget will be released January 10• Governor released a letter indicating a ballot

initiative in November will be a part of the budget proposal– This means uncertainty of 2012-13 until after the

November election– 2012-13 Mid-Year triggers are likely

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Next StepsGovernor’s January Budget Analysis

January 17 – Sacramento

• Staff will update the Board at each meeting

• Community Budget Meetings 6:30 – 8:00 PM

DAY DATE SCHOOL SITE ADDRESSWednesday January 25 2012 Hercules High School 1900 Refugio Valley Road, Hercules

Thursday January 26, 2012 Murphy Elementary 4350 Valley View Road, RichmondTuesday January 31, 2012 Helms Middle School 2500 Road 20, San PabloThursday February 2, 2012 King Elementary School 4022 Florida Avenue, RichmondTuesday February 7, 2012 Harding Elementary School 7230 Fairmont Avenue, El Cerrito

Wednesday February 8, 2012 Pinole Middle School 1575 Mann Drive, Pinole

Financial reports available on the webhttp://www.wccusd.net/