NEW HAVEN UNIFIED SCHOOL DISTRICT 2019/20 First Interim Report - PowerPoint PPT Presentation

NEW HAVEN UNIFIED SCHOOL DISTRICT 2019/20 First Interim Report Business Services Division December 10, 2019 1

Overview Education Code section 42130: “ The superintendent of each school district shall, in addition to any other powers and duties granted to or imposed upon him or her, submit two reports to the governing board of the district during each fiscal year. The first report shall cover the financial and budgetary status of the district for the period ending October 31. The second report shall cover the period ending January 31. Both reports shall be approved by the district governing board no later than 45 days after the close of the period being reported. All reports required by this subdivision shall be in a format or on forms prescribed by the Superintendent of Public Instruction, and shall be based on standards and criteria for fiscal stability adopted by the State Board of Education pursuant to Section 33127. The reports, and supporting data, shall be maintained and made available by the school district for public review . ” 2

Budget Cycle: 2019/20 Unaudited Budget Actuals Adoption June 18, [September, 2019 2020] Estimated 45 Day Actuals Budget [June 16, [August 20, 2020] 2019] Second First Interim Interim [March 10, [December 2020] 10, 2019] 3

PLANNING FACTORS USED Fiscal Year Planning Factor 2019/20 2020/21 2021/22 COLA (Department of Finance - DOF) 3.26% 3.00% 2.80% STRS Employer Rates 17.10% 18.40% 18.10% PERS Employer Rates 19.721% 22.70% 24.60% Lottery - Unrestricted per ADA $153 $153 $153 Lottery - Prop 20 per ADA $54 $54 $54 Mandate Block Grant per ADA - K-8 $32.18 $33.15 $34.08 Mandate Block Grant per ADA - 9-12 $61.94 $63.80 $65.59 4

LOCAL CONTROL FORMULA (LCFF) REVENUE ASSUMPTIONS 2019/20 2019/20 First Interim LCFF Revenue Assumptions Adopted Budget Budget Enrollment 10,962 11,008 Average Daily Attendance (Funded) 10,767.23 10,780.63 COLA 3.26% 3.26% Unduplicated Pupil % 53.31% 53.39% 5

LOCAL CONTROL FUNDING FORMULA (LCFF) LCFF REVENUE CALCULATION: 2019/20 COLA 3.26% Unduplicated pupil count as % of Enrollment 53.39% ADA Grade Projection Base Span Supplemental Concentration TARGET Grades TK‐3 3,083.16 $7,702 $801 $908 $0 $29,015,466 Grades 4‐6 2,292.09 $7,818 $835 $0 $19,833,010 Grades 7‐8 1,694.39 $8,050 $860 $0 $15,096,302 Grades 9‐12 3,710.99 $9,329 $243 $1,022 $0 $39,314,592.33 TOTAL ADA 10,780.63 TOTAL FUNDING $89,925,723 $3,371,382 $9,962,265 $0 $103,259,370 Add on: Targeted Instructional Improvement $220,053 Add on: Transportation $301,115 LCFF FUNDING LEVEL $103,780,538 6