2014/15 1st Interim Budget Black Oak Mine Unified School District Board of Trustees Joe Scroggins, President Darcy Knight Jeff Burch Ronnie Ebitson Bill Drescher Superintendent Robert Williams Ed.D.
How the Budget Process Works… • The State requires School Boards to adopt district budgets by June 30 th of each year. • After the adoption of the State budget schools are required under Education Code 42127(i)(4) to update district budgets with any significant changes within 45 days. • Two interim reports are taken to the board for approval each year. • December ‐ Referred to as 1 st Interim • March ‐ Referred to as 2 nd Interim • Books are closed in July ‐ August and taken to the Board for approval in September as “Unaudited Actuals”. 2
Budget Timelines • JUNE 1 ST – 3 rd Interim Budget • JULY 1 st ‐ Adopted Budget ‐ or ‐ (Qualified or Negative Certified Districts Only) – • Not later than 45 days after the Governor signs the annual Budget Act, the school • No later than June 1, each school district with a district shall make available for public review qualified or negative certification for the second any revisions in revenues and expenditures interim report must provide financial statement that it has made to its budget to reflect the projections of the district’s fund and cash funding made available by the Budget Act. balances through June 30 for the period ending (EC 42127 (i) (4)) April 30 to the county superintendent, the Controller, and the SPI . • DECEMBER – 1 st Interim Budget • The 1 st Interim report will be presented at the public board meeting in December of each • SEPTEMBER – Unaudited Actuals year. This report will include any changes made to the budget since the budget • The Unaudited Actuals report will be adoption in June, including those reported 45 presented at the public board meeting in days after the Governor signed the annual September of each year. This report will Budget Act. reflect the actual revenue and expenditures of the district for the budget year. • MARCH – 2 nd Interim Budget • The 2 nd Interim report will be presented at the public board meeting in March of each year. This report will include any changes made to the budget since the 1 st Interim report was presented in December. 3
Budget Certifications 3 Choices BOMUSD’s Choice: • (1) "Positive," • BOMUSD has certified “Qualified” for the past 3 school years: 2009/10, • the district is able to meet its financial obligations for the remainder of the 2010/11, & 2011/12. fiscal year and subsequent two fiscal years • BOMUSD has certified “Positive” for • (2) "Qualified," the past two years 2012/13 and 2013/14. • the district may not be able to meet its financial obligations for the current year or two subsequent fiscal years • The current administration recommendation is a “Qualified” • (3) "Negative," budget certification for the 2014/15 • the district will not be able to meet its financial obligations for the remainder of First Interim Budget. the current year or the subsequent year 4
Budget Assumptions There are many unpredictable factors that affect revenue and expenditures. Because of that, the District bases its budget on assumptions. This is the best information available at the time the budget is adopted. The adopted budget, therefore, should be considered a “financial snapshot” on the date it is approved. As variables change, formal adjustments, approved by the board, are made throughout the course of the year. 5
Where do schools get most of their money?
So...where do schools get most of their money? Schools get most of their money from Property Taxes + State Taxes 7
Local Control Funding Formula ‐ LCFF • The LCFF is the new model by which state funds are allocated to school districts, charter schools and county offices of education. • The intent of LCFF is to: *locally address student achievement * close the achievement gap *fund every student at the same base rate 8
Local Control and Accountability Plan ‐ LCAP • As part of the LCFF, school districts and charter schools are required to develop, adopt, and annually update a three ‐ year Local Control and Accountability Plan (LCAP), beginning on July 1, 2014, using the template adopted by the California State Board of Education (SBE). • The LCAP is required to identify goals and measure progress for student subgroups across multiple performance indicators • The LCAP must involve stakeholders 9
Local Control Funding Formula ‐ LCFF There are two distinct phases of LCFF: (1) The 8 year implementation phase – Transition Entitlement • Until the LCFF is fully funded, school districts and charter schools, will receive an LCFF Transition Entitlement. • The Transition Entitlement is based on an LEA’s 2012 ‐ 13 funding level, adjusted for changes in student population, and the amount of funding the LEA would receive under the LCFF model at full implementation. (2) The fully funded phase – Target Entitlement 10
(1) TRANSITION LCFF FUNDING $12,000,000 2014 ‐ 15 $10,000,000 TIIG + Transp. Supp. & Conc. CY gap funding $8,000,000 PY gap funding TIIG + Transp. Categoricals $6,000,000 Base + GSA Floor $4,000,000 RL / NSS $2,000,000 $ ‐ Target Floor Funded Funding Target Floor Floor $ 8,181,501 Base + GSA $ 8,799,868 CY gap funding $ 605,173 Supplemental & Concentration $ 856,234 RL / NSS $ 5,927,873 TOTAL $ 8,786,674 Categoricals $ 1,399,065 TIIG + Transportation $ 572,670 $ 572,670 PY gap funding $ 281,893 This is our base or minimum LCFF TOTAL $ 10,228,772 $ 8,181,501 funding 11
(2) TARGET ‐ LCFF Base Grant – 2014/15 Rates Remember these are TARGET rates, our students are not funded at these rates yet. Factors Grades TK ‐ 3 Grades 4 ‐ 6 Grades 7 ‐ 8 Grades 9 ‐ 12 Base Grants $7,012 $7,116 $7,328 $8,491 Adjustment 10.4% CSR Percentage Adjustment $729 $221 Amount Adjusted Grant $7,741 $7,116 $7,328 $8,712 per ADA 12
(2) TARGET ‐ LCFF ‐ Supplemental/Concentration Grant – 2014/15 Rates (plan to be fully funded in 8 years) Factors Grades TK ‐ 3 Grades 4 ‐ 6 Grades 7 ‐ 8 Grades 9 ‐ 12 Adjusted Grant per ADA $7,741 $7,116 $7,328 $8,712 20% Supplemental Grant $755 $694 $715 $850 50% Concentration Grant (for $ ‐ $ ‐ $ ‐ $ ‐ eligible students exceeding 55% of enrollment) SUPPLEMENTAL GRANT ENTITLEMENT Provides additional funding to base grant for disadvantaged students ($1,532 per ADA at full implementation in 2020 ‐ 21) CONCENTRATION GRANT ENTITLEMENT Provides additional funding to base grant for districts that have high Free Reduced ‐ Price Meal percentages (percentages exceed 55%) 13
Supplemental/Concentration Grants ‐ Eligibility Determination Supplemental and Concentration Grant increases are calculated based on the Unduplicated Pupil Percentage of total enrollment accounted for by the following: • English Learners • Free & Reduced ‐ Price Meal Program Eligible Students (FRPM) • Foster Youth • Black Oak Mine’s percentage of these pupils to total enrollment is about 48% , which means we are eligible for the Supplemental Grant, but NOT the Concentration Grant 14
GRADE SPAN ADJUSTMENT (K ‐ 3) • Districts must reduce average TK ‐ 3 class sizes for each school site toward 24:1 at the same pace as LCFF gap funding is provided. • IMPORTANT NOTE: Failure to meet the annual enrollment target at any school results in the loss of the K ‐ 3 adjustment for the ENTIRE district. Elementary School 2014/15 Required Ratio 2014/15 Current Ratio Georgetown 27.0 : 1 26.0 : 1 Northside 24.5 : 1 24.5 : 1* *Northside – In order to meet progress to this ratio the school had to open another class mid ‐ year. Otter Creek/ARCS n/a – NSS & Charter 15
BASE GRADE SPAN ADJUSTMENT TOTAL Grade Span ADA Rate Subtotal ADA Rate Subtotal K ‐ 3 307 x $7,012 = $2,152,964 307 x $729 = $223,833 $2,376,797 4 ‐ 6 230 x $7,116 = $1,633,762 230 x $0 = $0 $1,633,762 7 ‐ 8 158 x $7,328 = $1,157,311 158 x $0 = $0 $1,157,311 9 ‐ 12 399 x $8,491 = $3,384,937 399 x $221 = $88,102 $3,473,039 NSS K ‐ 3 11 $158,959 NSS 4 ‐ 6 7 TOTAL ADJUSTED BASE $ 8,799,868 Unduplicated Pupil % 48.78% must be over 55% SUPPLEMENTAL CONCENTRATION TOTAL Grade Span ADA Rate Subtotal ADA Rate Subtotal K ‐ 3 318 x $755 = $240,490 x $ 0 = ‐ $240,490 4 ‐ 6 236 x $694 = $164,007 x $ 0 = ‐ $164,007 7 ‐ 8 158 x $715 = $112,907 x $ 0 = ‐ $112,907 9 ‐ 12 399 x $850 = $338,830 x $ 0 = ‐ $338,830 TOTAL SUPPLEMENTAL & CONCENTRATION $ 856,234 TIIG & TRANSPORTATION ADD ‐ ONS $ 572,670 TOTAL LCFF TARGET $ 10,228,772 16
2014/15 Local Control Funding Formula at TARGET The TARGET entitlement represents what a district will receive at full implementation. As shown, it contains multiple funding allocations. It is a component of the transition calculation (used to calculate gap) & an ongoing calculation. Add ‐ ons Home ‐ to ‐ School Transportation 12 ‐ 13 Award $ 572,670 Level Targeted Instructional Improvement Block Grant Supplemental & Concentration Grant* Unduplicated Count Concentration English Learners 48.78% $ 856,234 Low Income Supplemental Grant Foster Youth Necessary Grade Span Adjustment Adjusted Base Small ADA 1,111 Grant School Base Grant $ 8,799,868 *Unduplicated Pupil Percentage (UPP) must be above 55% TOTAL TARGET LCFF $ 10,228,772 17
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