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West Contra CostaUnified School District

July 23, 2014

2014-1545 Day

Budget Revision

45 Day Budget Revision• The State adopted budget includes changes that are

reflected in the 45 day revision• LCFF Rate increased by 1.51%– Increase to revenue of $1.287 million

• Expense Increases• STRS Rates increased by .63%• $687k unrestricted/$200k restricted• Salary Increase $240k• Services and Furniture Increase $233k

• Capital Projects budget– Revised to reflect estimate of work to be completed over the 12 month

period from July 1,2014- June 30,2015

Net Unrestricted General Fund Improvement

$127k

Next Steps

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• September 17 Year End Close/Unaudited Actuals 2013-14• December 17 First Interim Report 2014-15• January 2015 2013-14 Audit Report to the Board

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