F irst I nte rim Budg e t 2016/ 2017 Pro po se d Distric t Budg e - PowerPoint PPT Presentation

F irst I nte rim Budg e t 2016/ 2017 Pro po se d Distric t Budg e t re fle c ting c ha ng e s fro m the June Ado pte d Budg e t

Budg e t Cyc le

What’s changed from June?  T he F irst I nte rim Budg e t Re fle c ts the c ha ng e s in e xpe c te d re ve nue s a nd e xpe nse s sinc e the June 2016 Ado pte d Budg e t. T he ma jo r c ha ng e s in this b udg e t fro m June a re :  An inc re a se d Be g inning Ba la nc e  An I nc re a se in pro je c te d re ve nue fro m pro pe rty ta xe s  An inc re a se in e xpe nse s a sso c ia te d with Spe c ia l E duc a tio n  An inc re a se in e xpe nse s a sso c ia te d with a Ma rc h E le c tio n  Cha ng e s in a ssumptio ns fo r o ur Multi-Ye a r Pro je c tio ns

I nc o me  Pr ty taxes a re pro je c te d b a se d o n c urre nt da ta fro m Sa nta Cla ra a nd oper Sa nta Cruz c o untie s. T he Budg e t fo r pro pe rty ta x re ve nue inc re a se d fro m Ado pte d Budg e t b y 2.24% a dding a n a dditio na l $30,084 in re ve nue to the F irst I nte rim Budg e t. T he inc re a se in pro je c te d pro pe rty ta xe s fo r 2016/ 217 o ve r 2015/ 2106 is $73,904 o r 5.69%. T he a ve ra g e inc re a se ye a r o ve r ye a r fo r pro pe rty ta x re ve nue is 4%.  E PA Co nsiste nt with the c urre nt pro visio ns o f the E PA, b a sic a id distric ts wo uld re c e ive $200 pe r ADA in 2012-13 a nd e a c h ye a r the re a fte r thro ug h 2017-18. With the pa ssa g e o f Me a sure 55 the distric t c a n e xpe c t to se e so me c o ntinue d funding .  One T ffec tiveness: T he Distric t re c e ive o ne funds o f $9210 in ime E duc ator E the 15/ 16 sc ho o lye a r. T he se funds will b e e xpe nde d this ye a r to pro vide fo r o ur Ne w T e a c he r Suppo rt. A spe c ia l re po rt o n the e xpe nse o f the se funds will b e c o mple te d prio r to e h e nd o f this fisc a l ye a r.  Mandated Costs: T he funding b udg e te d in 2016-17 fo r the MBG is $28 pe r ADA fo r K -12 distric ts. T he o ne time disc re tio na ry funds whic h to ta l $18,000 c o me fro m the Sta te in the Ma nda te d Co sts o b je c t c o de .

E xpe nse s SPE CI AL E DUCAT I ON COST S RE MAI N L E VE L  T he Distric t sa w a n unpre c e de nte d 300% inc re a se in c o sts a sso c ia te d with o ur Spe c ia l E duc a tio n Pro g ra ms in 2015/ 2016. T his b udg e t ma ke s the a ssumptio n tha t the se c o sts re ma in le ve l this ye a r a nd the two fo llo wing ye a rs. PE RSONNE L  T he 2016/ 2017 Ado pte d Budg e t re fle c te d the a dditio na l c o st a sso c ia te d with hiring a te a c he r to fill the va c a nc y fo r this ye a r. T he F irst I nte rim Budg e t re fle c ts a slig ht de c re a se in e xpe c te d e xpe nse fo r this po sitio n sinc e we we re a b le to hire a n e xc e ptio na lly g ifte d first ye a r te a c he r to fill the va c a nc y.  T he re is a slig ht inc re a se in the Cla ssifie d Budg e t a s the Distric t hire d a dditio na l a dministra tive suppo rt to c o ve r the o ffic e whe n the a dministra tive a ssista nt is a b se nt.  Ne ithe r c e rtific a te d no r c la ssifie d e mplo ye e s ha ve se ttle d sa la ry ne g o tia tio ns fo r 2016/ 2017. T he Budg e t re fle c ts a n a dditio na l inc re a se in sa la rie s o ve r 2015/ 2016 due to ste p a nd c o lumn c ha ng e s o n the Sa la ry Sc he dule . T he b e ne fit c a p re ma ins a t $8,900 pe r full-time e mplo ye e pe r ye a r.  ST RS a nd PE RS ra te inc re a se s ha ve b e e n inc lude d in the Budg e t a nd in the Multi- Year Projections based on the Governor’s May Revise. These rates may ne e d to b e a djuste d de pe nding o n the a do pte d sta te b udg e t. Ple a se se e the c ha rt unde r the he a ding o f Multi-Ye a r Pro je c tio ns fo r furthe r de ta ils o n the ra te inc re a se s.

MI DDL E SCHOOL CONT RACT S  The District has an agreement with one of our partner districts to serve this year’s 6 th g ra de stude nts a t a re duc e d ra te pe r stude nt. T his wa s ne g o tia te d b y b o th District Boards to help Lakeside provide for this year’s students even though our fina nc ia l situa tio n is unsta b le . Sho uld the distric t pa ss the pa rc e l ta x in Ma rc h, the agreement states that we will be responsible for the full cost of this year’s sixth g ra de . COST OF E L E CT ION  T he Distric t ha s put a Pa rc e l T a x Me a sure o n the Ma rc h 7, 2017 E le c tio n. T ha t this the e xa c t c o sts a re unkno wn. We ha ve b udg e te d $70,000. But the a c tua l c o sts c o uld b e mo re b a se d o n the c o s inc urre d b y b o th c o untie s fo r the e le c tio n. CONT RACT E D SE RVI CE S  T he F irst I nte rim pro je c ts a n inc re a se o ve r Ado pte d Budg e t o f $120,859. $70,000 do lla rs o f this inc re a se is a ttrib uta b le to the pro je c te d c o st o f a Ma rc h E le c tio n. T his a mo unt ma y c ha ng e o nc e we g e t fina l c o sts fro m the c o untie s E le c tio ns De pa rtme nts. T he re ma inde r o f the inc re a se is a ttrib uta b le to Spe c ia l E duc a tio n a g re e me nts. T his b udg e t ma y c ha ng e a t se c o nd inte rim a s a g re e me nts fina lize .  All fa c ility impro ve me nts ha ve b e e n de fe rre d. Ho we ve r, the re is a $10,000 pla c e ho lde r fo r misc . ma inte na nc e e xpe nse s.  T he Distric t will b e c o ntinuing to wo rk o n de ve lo ping o ur Ne w We ll Syste m a s we ll a s de ve lo ping a L e a d Ab a te me nt pla n. F unds fo r the se two pro g ra m a re e xpe c te d to c o me fro m the Sta te Wa te r Bo a rd a nd the Sta te Ha rdship F und.

MYP  Our c urre nt pa rc e l ta x o f $311 pe r pa rc e l e xpire s a t the e nd o f this fisc a l ye a r. Be c a use o f the g re a t impa c t this tra nsitio n will ha ve o n o ur Distric t, we ha ve pro duc e d two MYP do c ume nts in c o nsulta tio n with o ur a dviso rs a t the Co unty Offic e o f E duc a tio n (COE ). One MYP witho ut a ssuming the pa ssa g e o f a re pla c e me nt pa rc e l ta x, this will ne e d to b e o ur o ffic ia l MYP fo r purpo se s o f sub mitting o ur F irst I nte rim Budg e t to the (COE ) a nd the Ca lifo rnia n De pa rtme nt o f E duc a tio n (CDE ). T he Se c o nd MYP will b e sub mitte d o nly to the COE a s the y a re c ha rg e d b y the CDE with the o ve rsite o f o ur Distric t. T he Se c o nd MYP sho ws the a ssume d re ve nue fro m a ne w pa rc e l ta x.  Be c a use o ur o ffic ia l MYP sho ws no pa rc e l ta x re ve nue fo r ne xt ye a r o r the third ye a r, Our MYP will sho w the distric t with a Qua lifie d Budg e t sta tus.  Cha ng e s fro m the Ado pte d Budg e t inc lude the de c isio n to ma inta in c urre nt sta ff a nd e duc a tio na l pro g ra ms a t the e xpe nse o f e nding b a la nc e . T he June Budg e t sho we d re duc tio ns b o th Ce rtific a te d a nd Cla ssifie d Sta ff a s we ll a s re duc ing a nd the e limina ting the CBO sa la ry. T he se c ha ng e s me a n tha t in ye a r two the Distric t me e ts o ur fina nc ia l o b lig a tio ns, b ut o nly b y wiping o ut a ll o ur re se rve s. We do no t me e t the re q uire me nt o f a 5% re se rve a t the e nd o f the se c o nd ye a r. T he third ye a r, the distric t is una b le to me e t o ur fina nc ia l o b lig a tio ns.

Othe r Co nc e rns tha t ma y ha ve fina nc ia l implic a tio ns:  Ne ithe r 2016/ 2017 Ado pte d Budg e t no r the F irst I nte rim Budg e t re fle c t a n inc re a se in e xpe nse fo r a pa rt time ma inte na nc e po sitio n a nd a pa rt time I T po sitio n. T he Distric t ha s b e e n o pe ra ting with ve ry limite d ma inte na nc e suppo rt sinc e June 2014 a nd ha s de te rmine d tha t we ha ve a ne e d fo r a pa rt time e mplo ye e with re g ula rly sc he dule d ho urs, a ltho ug h the re a re no a va ila b le funds fo r this po sitio n. Our I T Suppo rt ha s b e e n pro vide d b y a pa re nt vo lunte e r. While the distric t is e xtre me ly g ra te ful fo r this se rvic e , it is no t susta ina b le . Our fa c ilitie s a re a g ing a nd ne e d re pa ir. At pre se nt, the re is no thing in the b udg e t fo r fa c ilitie s o the r tha n ro utine ma inte na nc e .  T he Distric t ha s ide ntifie d tha t we ha ve le a d in o ur drinking wa te r. We a re wo rking with the Sta te Wa te r Bo a rd to de ve lo p a pla n to c o rre c t this situa tio n. T he distric t ma y b e re q uire d to re pla c e the pipe s in the ma in Building to e limina te the le a d. T his will b e ve ry c o stly; e stima te s a re c o ming in a ro und $90,000. We ma yb e a b le to q ua lify fo r Sta te ha rdship funds fo r this pro je c t, b ut a t this time we do no t kno w the fina nc ia l impa c t o f this situa tio n.  T he Distric t is a re c ipie nt o f a Gra nt fo r a ne w We ll. Distric t sta ff is c ha rg e d with o ve rsite fo r this pro je c t. Distric t Sta ff is a lso c ha rg e with o ve rsite o f the L e a d Ab a te me nt Pro je c t. Bo th pro je c ts a re o utside the a re a o f e xpe rtise fo r Distric t Sta ff.  T he Distric t do e s no t ha ve a pe rma ne nt Supe rinte nde nt/ Princ ipa l, c urre ntly she serves as an “AT Will” employee. There is nothing in the budget to conduct a supe rinte nde nt se a rc h. T he c o st o f a se a rc h ha s run $15,000 in the pa st