Western Placer Unified School District 2018-19 Second Interim - PowerPoint PPT Presentation

Western Placer Unified School District 2018-19 Second Interim Reporting Board of Trustees March 19, 2019 1

Sec econd I d Interi erim Upda Update –2018-19 B Budg udget  The district’s Board of Trustees shall certify in writing whether or not the district is able to meet its financial obligations for the remainder of the fiscal year and, based on current forecasts, for the two subsequent fiscal years. The certification shall be classified as positive, qualified, or negative, pursuant to standards and criteria adopted by the State Board of Education (EC §33127).  In certifying the 2018-19 Second Interim report as positive, the Board confirms its fiduciary responsibility to maintain fiscal solvency for the current and subsequent two fiscal years. 2

Second Interim 2018-19 Unrestricted Restricted Combined Revenues LCFF Funding - Base 56,444,024 995,884 57,439,908 LCFF Funding - Supplemental 3,762,734 - 3,762,734 Federal Revenue 16,724 2,737,322 2,754,046 State Revenue 2,508,311 4,971,753 7,480,064 Local Revenue 1,615,902 2,866,079 4,481,981 2018 018-19 19 Total Revenue 64,347,695 11,571,038 75,918,733 Expenditures Certificated Salaries 27,303,135 5,075,454 32,378,589 Budget et Classified Salaries 6,014,553 3,535,135 9,549,688 Benefits 12,407,990 6,305,918 18,713,908 Books and Supplies 6,461,591 2,421,350 8,882,941 Other Services & Oper. Exp 5,361,064 3,213,844 8,574,908 Capital Outlay 54,611 393,902 448,513 Other Outgo 7xxx 225,075 1,862,493 2,087,568 Sec econd d Transfer of Indirect 73xx (943,381) 939,512 (3,869) Total Expenditures 56,884,638 23,747,608 80,632,246 Deficit/Surplus 7,463,057 (12,176,570) (4,713,513) Int nterim - - - Transfers In (23,360) - (23,360) Transfers out Contributions to Restricted (11,163,551) 11,163,551 - Net increase (decrease) in Fund Balance (3,723,854) (1,013,019) (4,736,873) Beginning Balance 7,094,185 1,254,587 8,348,772 Ending Fund Balance 3,370,331 241,568 3,611,899 Components of Ending Fund Balance Nonspendable: Reserve - Revolving Fund 5,000 5,000 Restricted: Reserve - Designated Programs - 241,568 241,568 Unassigned/Unappropriated: Reserve - Economic Uncertainty @ 3% 2,419,668 2,419,668 Reserve - Charter Technical Assistance 237,296 237,296 Reserve - Unassigned Economic Uncertainty surplus/(deficit) 708,367 - 708,367 Total Ending Fund Balance 3,370,331 241,568 3,611,899 3

First Interim Second Interim First Int 2018-19 2018-19 vs Second Int Combined Unrestricted Restricted Combined Variance Revenues LCFF Funding - Base 57,429,464 56,444,024 995,884 57,439,908 10,444 LCFF Funding - Supplemental 3,757,125 3,762,734 - 3,762,734 5,609 Federal Revenue 2,649,761 16,724 2,737,322 2,754,046 104,285 State Revenue 7,480,064 2,508,311 4,971,753 7,480,064 - Local Revenue 4,341,391 1,615,902 2,866,079 4,481,981 140,590 Total Revenue 75,657,805 64,347,695 11,571,038 75,918,733 260,928 First Fi t Expenditures Certificated Salaries 32,342,784 27,303,135 5,075,454 32,378,589 35,805 Classified Salaries 9,500,752 6,014,553 3,535,135 9,549,688 48,936 Int nterim Benefits 18,782,962 12,407,990 6,305,918 18,713,908 (69,054) Books and Supplies 8,816,646 6,461,591 2,421,350 8,882,941 66,295 Other Services & Oper. Exp 8,440,925 5,361,064 3,213,844 8,574,908 133,983 Capital Outlay 443,971 54,611 393,902 448,513 4,542 Other Outgo 7xxx 2,085,729 225,075 1,862,493 2,087,568 1,839 Transfer of Indirect 73xx (3,869) (943,381) 939,512 (3,869) - vs. vs Total Expenditures 80,409,900 56,884,638 23,747,608 80,632,246 222,346 Deficit/Surplus (4,752,095) 7,463,057 (12,176,570) (4,713,513) 38,582 - - - - - Transfers In (23,360) (23,360) - (23,360) - Transfers out Contributions to Restricted - (11,163,551) 11,163,551 - - Net increase (decrease) in Fund Seco cond Balance (4,775,455) (3,723,854) (1,013,019) (4,736,873) 38,582 Beginning Balance 8,348,772 7,094,185 1,254,587 8,348,772 - Int nterim Ending Fund Balance 3,573,317 3,370,331 241,568 3,611,899 38,582 Components of Ending Fund Balance - Nonspendable: - Reserve - Revolving Fund 5,000 5,000 5,000 - Restricted: - Reserve - Designated Programs 336,990 - 241,568 241,568 (95,422) Unassigned/Unappropriated: - Reserve - Economic Uncertainty @ 3% 2,412,998 2,419,668 2,419,668 6,670 Reserve - Additional LCFF Supplemental Required Increase Budget - - - - Reserve - RRM Contribution Increased to 3% in 2020-21 - Reserve - Charter Technical Assistance 237,296 237,296 237,296 - Reserve - Unassigned Economic Uncertainty surplus/(deficit) 581,033 708,367 - 708,367 127,334 4 Total Ending Fund Balance 3,573,317 3,370,331 241,568 3,611,899 38,582

Major Changes to Fund Balance since First Interim - 2018-19 Second Interim Report Budgeted Fund Balance Decrease at First Interim ($4,775,455) Revenues Local Control Funding Formula (LCFF) AB602 Local Property Taxes 10,000 Supplemental - Unduplicated count in excess of budget 5,000 Total LCFF Funding Changes 15,000 1 Federal Revenue Federal testing revenues 15,000 Increase in AB602 Federal Revenues 105,000 Majo jor r Medi-Cal revenues (budgeted when received) 40,000 Reduction in final Title I allocation (55,000) Rev even enue & e & Total Federal Revenue Changes 105,000 2 Local Revenue Expen enditure e AB602 Local Revenue Increase 80,000 Changes es to to Reimbursements from county for transportation of homeless students 20,000 Reimbursements to RRM 15,000 2018-19 2018 19 CCSESA Math Grant 10,000 Sierra College Grant 10,000 Budget s t since Miscellaneous 5,000 Total Local Revenue changes 140,000 3 First I t Inter terim Total Change in Revenues 260,000 Budget Expenditures Certificated Salaries Increase sub teacher budgets in site funds 30,000 Increase in class size overage payments budget 40,000 Increase teacher extra assignments for CCSESA and Sierra grants 10,000 Transfer of coaching stipends from certificated to classified (50,000) Miscellaneous 5,000 Total Certificated Salaries changes 35,000 4 Classified Salaries Transfers to other objects (15,000) Transfer of coaching stipends from certificated to classified 50,000 Increases in classified sub needs over budget 15,000 Total Classified Salaries changes 50,000 5 Continued on next slide 5

Major Changes to Fund Balance since First Interim - 2018-19 Second Interim Report Expenditures (Continued) Benefits Update health benefits (vacancies, position changes) (55,000) STRS savings for changing coaching stipends from certificated (10,000) Decrease classified benefits in site accounts (5,000) Total Benefits changes (70,000) 6 Books and Supplies Net transfers from other objects 35,000 Budget OLE costs 15,000 Majo jor r Set uo site facility use funds 10,000 Budget increase in transfer to Supplemental funds 35,000 Rev even enue & e & Decrease in Title I budget (30,000) Total Books and Supplies changes 65,000 7 Expen enditure e Services & Other Operating Expenditures Changes es to to Net decrease in projected nonpublic schools/agencies budgets (40,000) Adjust utilities budgets (5,000) 2018-19 2018 19 Payments for homeless student transportation (reimbursed by county) 20,000 Budget s t since Medi-Cal expenditures (budgeted when spent) 20,000 RRM expenditures (repairs to septic pumps, boilers, carpeting etc.) 40,000 First I t Inter terim RDA expenditures (boiler leak repair, recarpeting, LHS scoreboard) 50,000 Supplemental funds from fund balance 30,000 Budget Net transfers to other objects (5,000) District portion of admin credential induction program 10,000 Increase in supplemental revenues 5,000 Miscellaneous 10,000 Total Services and Other Operating Costs 135,000 8 Capital Outlay 5,000 Total Change in Expenditures 220,000 Rounding 1,418 Total Change in Budgeted FB 38,582 Budgeted Deficit Spending at Second Interim (4,736,873) 6

Sec econd I d Interi erim Upda Update –2018-19 B Budg udget Local Control Funding Formula • The Governor’s 2018-19 State Budget implements full funding of the LCFF program in the budget year 2018-19. The additional funding includes the increased COLA to 2.71% as well as provides a modest augmentation of .99% to the formula. • As the Governor has fully-funded the LCFF program in 2018-19, any future increases from the State would be in a COLA. One-Time Funding • The Governor State Budget includes one-time discretionary funds for school districts, which equates to approximately $184/ADA. These funds are included in 2018-19 Second Interim revenues and expenditures. This is the last year for this funding. Negotiations • Negotiations are currently in process for the 2018-19 school year for all bargaining units. Any potential settlement costs are not included in the 2018-19 Second Interim Budget for future years budget projections. 7