Second Interim Budget Report

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John Swett Unified School District

• Second Interim Budget Report
• March 5, 2008
• Bryan Richards, Business Manager

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Unrestricted General Fund Revenue

• Revenue Limit Sources 9,547,102
• Other State Revenue 888,861
• Other Local Revenue 265,861
• Interfund Transfers In 77,553
• Total Revenue 10,779,377

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Unrestricted General Fund Expenditures

• Certificated Salaries 5,125,553
• Classified Salaries 1,346,983
• Employee Benefits 2,363,157
• Books Supplies 268,909
• Services Other Operating 1,065,496
• Capital Outlay 1,054
• Other outgo 49,952
• Net Contribution to Restricted 1,875,669
• Total Expenditures 12,096,773

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Unrestricted General Fund Summary

• Total Revenue 10,779,377
• Total Expenditures 12,096,773
• Net (decrease) in fund balance (1,317,396)
• Beginning Balance, July 1 3,993,225
• Projected Ending Balance 2,675,829

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Components of Unrestricted Ending Balance

• Revolving Cash 4,000
• Economic Uncertainties (3) 490,710
• Retiree Benefits 500,000
• Lottery 362,896
• Undesignated Balance 1,318,223
• Projected Ending Balance 2,675,829

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Restricted General Fund Revenue

• Revenue Limit Sources 386,052
• Federal Revenue 845,698
• Other State Revenue 1,290,847
• Other Local Revenue 1,195,946
• Contribution from Unrestricted 1,875,669
• Total Revenue 5,594,212

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Restricted General Fund Expenditures

• Certificated Salaries 1,749,319
• Classified Salaries 841,985
• Employee Benefits 807,184
• Books Supplies 869,664
• Services Other Operating 1,791,725
• Capital Outlay 0
• Transfers Out 75,997
• Total Expenditures 6,135,874

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Restricted General Fund Summary

• Total Revenue 5,594,212
• Total Expenditures 6,135,874
• Net (decrease) in fund balance (541,662)
• Beginning Balance, July 1 1,513,998
• Projected Ending Balance 972,336

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Other Funds of the District

• Funds established for special purposes excluded
  from the General Fund
• Adult Education
• Cafeteria
• Deferred Maintenance
• Capital Facilities
• County School Facilities (one bill left to zero
  out)
• Special Reserve for Capital Outlay
• Bond Interest and Redemption
• All Other Funds projecting positive fund
  balances

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General Outlook for the Future

• Positive Certification (we will meet our
  obligations for this year and the next two)
• Concerns
• Expenditures exceed revenue intentionally this
  year, but must reduce expenditures both to
  eliminate deficit and deal with State revenue
  cuts for 2008/09 and 2009/10
• Legislative Analyst estimates state shortfall at
  16 Billion for the 2 year budget cycle
• Health care expenses still exceeding CPI
• Still declining enrollment in the forecast, but
  it is slowing compared to last year

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Supplemental Information

• Form A Average Daily Attendance (28.48) in 06/07
  compared to 05/06 going forward
• Form CASH Cash Flow (end year positive)
• Form MYPI Multi-Year 3rd yr _at_ 5,878 even
  utilizing all but 200,000 of reserve for OPEB
• Form RLI Revenue Limit Calculations
• Form 01CSI Criteria Standards
• Form CI Certification to Sign summarizes
  Criteria Standards

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Thank You!