Twin Rivers Unified School District 2020/21 ADOPTED BUDGET PRESENTED - PowerPoint PPT Presentation

Twin Rivers Unified School District 2020/21 ADOPTED BUDGET PRESENTED TO THE BOARD OF TRUSTEES – FOR PUBLIC HEARING AND APPROVAL JUNE 30, 2020 By Kate Ingersoll Executive Director Fiscal Services

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Agenda  The Budget Reporting Cycle  Budget Reductions  2020/21 General Fund  2020/21 Other Funds  2021/22 General Fund Projections  2022/23 General Fund Projections  Next Steps 3

W E ARE HERE LCAP/ June Adopted Budget (2020-21) LCAP/ Unaudited Adopted Actuals Budget (2019-20) (2021-22) September Note: 2020 ‐ 21 LCAP is postponed to Governor’s 1st Interim December 15, 2020 LCAP May Financial Revise Report (2021-22) (2020-21) December April ‐ May Governor’s Preliminary Budget LCAP/ Proposal & Budget TRUSD Staffing January (2021-22) 2 nd Interim (2021-22) Financial Report (2020-21) March 4

Budget Projections  Key Factors Enrollment • Attendance • Required by AB 1200 • Unduplicated Pupil Percentage (UPP) (Chapter 1213/1991) and AB LCFF Increase/Decrease 2756 Projections • (Chapter 52/2004) are expected to change as Position Control/hiring • various factors change Assumptions + Today’s STRS/PERS increases • Decisions = Projections Special Education Increases • • Collective Bargaining negotiations Projections A slowing economy and rising costs pose • are not predictions challenges in the multiyear projection Don’t use one-time dollars to justify paying • for ongoing expenditures 5

State Budget Adopted June 26  Key budget items for K-12 include:  LCFF remains at its 2019/2020 levels; 0% COLA • • Special Education per ADA increase Very few direct cuts to categorical programs • Invest to buydown employer contribution rates for STRS and PERS • Learning Loss Mitigation funding; additional Federal and State funding • Receipt of funds in contingent upon the LEA adopting a Learning • Continuity and Attendance Plan by September 30, 2020 ADA hold harmless using 2019/2020’s ADA • LCAP – LCFF Budget Overview for Parents by December 15, 2020 • Deferrals of $8.68 billion for 2020/2021 • 6

TRUSD Budget The Twin Rivers Adopted Budget is built on the Legislatures June 15th  budget bill. The main difference between the Legislature’s June 15 budget bill and June  26 state adopted budget is the Learning Loss Mitigation funds. Learning Loss Mitigation funds are in three subsets and each is allocated in  a different manner. Twin River’s proposed one-time allocations are: $7.8 million allocated based on students with disabilities • • $14.7 million allocated based on 2019/2020 supplemental concentration funding $4 million allocated based on 2019/2020 LCFF ADA funding • 7

2020 ‐ 2021 Budget Reductions The $10 million of Base  reductions include State budget improvements: S/C $1,641,385 65% is from State budget  Base improvements $9,980,975 One-Time $3.2 million  $4,000,000 STRS/PERS $3.3 million special  education Total: $15,622,360 8

2020 ‐ 2021 Budget Reductions $396,927 $1,112,153 $132,305 $4,000,000 S/C Positions Closed S/C Department/Programs S/C Charter Special Education $3,264,060 Teacher Salaries CSR Positions Closed Retiree Health Benefits $301,725 STRS/PERS Step/Column One ‐ Time $797,190 $3,234,000 $2,134,000 Total: $15,622,360 $250,000 9

2020 ‐ 2021 Budget Reductions $15.6 million budget reductions:  $10 million LCFF Base •  $3,264,060 – Special Education  $3,234,000 – STRS/PERS increases proposed to be covered by the state  $1,690,000 – Thirteen additional FTE teaching positions due to declining enrollment  $223,000 – 1.50 FTE Principal/VP  $126,000 – 1.0 FTE Executive Assistant II  $95,000 – 1.50 FTE school office positions now in S/C  $250,000 – Retiree health benefits  $375,190 – Charter S/C teacher offsets  $310,000 – Additional for portion of teachers’ salaries for full day kindergarten using S/C  $112,000 – Increase to S/C teacher salaries for instructional minutes  $184,000 – Step/column less for certificated  $117,725 – Step/column less for classified $1.6 million LCFF S/C •  $1,112,153 Various Programs  $197,249 – 1.0 FTE Executive Director Student Engagement  $199,678 – 1.0 FTE Director Co-Curricular Athletics $4 million one-time from COP 2007 savings • 10

2020/21 General Fund Estimated Beginning Fund Balance** $ 41,022,420 Revenues $ 374,786,161 Expenditures $ 369,591,152 Net Increase/(Decrease) Fund Balance $ 5,195,009 Ending Fund Balance $ 46,217,429 Components of Ending Fund Balance: Nonspendable $ 588,107 Restricted $ 1 Assigned $ 19,993,081 Unassigned - Economic Uncertainties $ 19,000,000 Unassigned $ 6,636,240 **Est. beginning fund balance is $6.6 million greater than Second Interim MYP; $4 million anticipated unspent funds and $2.6 million less of a contribution to the Special Education program. Meet Board Policy intent for Economic Uncertainties of $19 million 11

2020/21 Change in Ending Fund Balance Net Increase/(Decrease) Fund Balance $ 5,195,009 Restricted budgeted expenditures $ - (one-time from prior year carryover) Assigned budgeted expenditures (one-time from prior year carryover; i.e. Instructional Materials, $ - Site Base, Charter S/C) Surplus/(Deficit) spending $ 5,195,009 One-time revenue in the budget $ (4,000,000) One-time expenditures in the budget $ - On-going District cost in Ending Fund Balance reserve (not in budgeted expenditures): 2020/21 Adopted Budget Surplus/(Deficit) $ 1,195,009 12

2020/21 Assigned Ending Fund Balances Site Base Allocation @ 100% $ 300,000 Instructional Materials Carryover $ 2,394,760 Cover 21/22 Structural Deficit $ 5,316,428 Cover 22/23 Structural Deficit $ 11,981,893 Total Assigned Balance $ 19,993,081 13

Change in Ending Fund Balance 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 - 2014/15 Actuals 2015/16 Actuals 2016/17 Actuals 2017/18 Actuals 2018/19 Actuals Assigned Economic Uncertainties Restricted Nonspendable Undesignated 14

2020/21 General Fund Revenues Local & Other 2% State 12% Federal 11% LCFF $ 282,906,932 200,451,878 State Aid 40,525,878 Property Tax LCFF 75% 42,701,514 Education Protection Account (1,896,380) LCFF Transfer to Fund 14 1,124,042 Property Tax Transfer - Spec. Ed. Federal 40,055,421 State 44,011,217 Local & Other 7,812,591 15

2020/21 LCFF Revenue Creative Smythe Westside Twin Rivers Connections Academy Prep Charter Estimated Estimated Estimated Estimated 2020/21 2020/21 2020/21 2020/21 Total 20/21 Estimated LCFF Entitlement $259,063,470 $7,299,242 $12,267,982 $5,048,576 $283,679,270 Base Funding $193,735,948 $5,887,863 $9,013,021 $3,992,800 $212,629,632 Supplemental/Concentration $ 65,327,522 $1,411,379 $3,254,961 $1,055,776 $ 71,049,638 Estimated Unduplicated pupil % 90.06% 73.53% 92.92% 77.06% (3 year rolling average) (EL, low income and/or foster youth) 16

Details of the LCFF Revenue Reduction – 2020 ‐ 21 Budget 17

LCFF ADA vs P2 ADA (Includes Charters) 27,000 26,000 25,000 24,000 23,000 16/17 17/18 19/20 20/21 18/19 Actual Actual Actual Estimated Projection P-2 ADA (Not Including SCOE) 24,699 24,690 24,252 23,876 23,615 LCFF ADA (Not Including SCOE) 24,699 24,690 24,387 23,964 23,633 Enrollment (CalPADS date) 26,095 26,162 25,694 25,344 25,111 18

LCFF/P2 ADA ‐ Charters 2,400 2,300 2,200 2,100 2,000 1,900 1,800 1,700 1,600 1,500 19/20 20/21 16/17 Actual 17/18 Actual 18/19 Actual Estimated Projection P-2 ADA 2,048 2,087 2,146 2,225 2,289 Enrollment (CalPADS date) 2,138 2,173 2,237 2,325 2,395 19

Revenues  Federal Revenue: Reduction of prior year carryover funds ($10.5 million) • Elimination of one-time grants/changes in grant funding ($11.3 million • increase)  One-time CARES Act ESSER funds increase ($12.5 million)  Student Support & Academic Enrichment increase ($285 million)  Special Education increase ($428 thousand)  Title I Program Improvement funds decrease ($1.5 million)  Title II Teacher Quality decrease ($345 thousand) Continuing programs similar to prior year levels except for as noted above • Deferred Revenue will be budgeted once the actuals are known •  $1 million deferred revenue budgeted  Anticipated unearned revenue to carryover ($7 million) 20

Revenues  State Revenue: Reduction of prior year carryover funds ($648 thousand) • • One-time funding reduction ($5.8 million)  Special Education preschool funds – unrestricted ($2 million)  Ca Energy Commission for bus purchases ($3.8 million) • On-behalf STRS contribution - revenue & expenditure ($13 million); a decrease of $476 thousand Career Technical Education eliminated ($800 thousand); grant application for • 2020/21 submitted K-12 Strong Workforce eliminated ($690 thousand); grant application for • 2020/21 submitted Special Ed SELPA increase ($1 million) • Continuing programs same/similar to prior year levels • 21