FY%2006/07%203rd%20Interim

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• FY 06/07 3rd Interim
• May 22, 2007

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Changes from 2nd Interim to 3rd Interim
Unrestricted Restricted Combined
Revenues 2nd Interim New Revisions/Amendments 3nd Interim Projected Year Totals 61,463,985 - 122,537 61,586,522 21,717,105 558,628 678,668 22,954,401 83,181,090 558,628 801,205 84,540,923
Expenditures 2nd Interim New Revisions/Amendments Net Adjustments 3nd Interim Projected Year Totals 54,991,650 - - 258,353 55,250,003 29,623,481 558,628 678,668 486,416 31,347,193 84,615,131 558,628 678,668 744,769 86,597,195
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Changes from 2nd Interim to 3rd Interim Year
Totals
Unrestricted Restricted Combined
Other Sources/(Uses) 2nd Interim Budget Revisions 3nd Interim Projected Year Totals (6,216,002) (486,415) (6,702,417) 6,062,106 486,415 6,548,521 (153,896) 0 (153,896)
Net Increase (Decrease) in Fund Balance Beginning Balance Ending Balance (365,898) 2,533,757 2,167,859 (1,844,271) 1,844,271 - (2,210,169) 4,378,028 2,167,859
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Components of Fund Balance
Unrestricted Restricted Combined
Ending Fund Balance Revolving Cash For Economic Uncertainties Available Unrestricted Reserve 2,167,859 50,000 2,615,293 (497,434) - - - - 2,167,859 50,000 2,615,293 (497,434)
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Multi-Year Projections Major Assumptions
Categories 2006-2007 2007-2008 2008-2009
Enrollment and ADA
District Enrollment (CBEDS) 9,912 9,779 9,575
District ADA Projected 9,485 9,346 9,114
District ADA Funded 9,485 9,485 9,346
Revenue
Revenue Limit COLA 5.92 4.53 3.70
Revenue Limit Deficits 0 0 0
Equalization Aid Per ADA 86.56 0 0
Base Revenue Limit 5,525 5,777 5,992
Net Change in Revenue Limit 2.5M 2.4M 1.2M
Net Percent Change in Revenue Limit 4.9 4.4 2.1
Federal COLA 0 0 0
Other State COLA 5.92 4.53 3.70
Mandate Reimbursement 1.56M - -
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Multi-Year Projections Major Assumptions
Categories 2006-2007 2007-2008 2008-2009
Expenditures
Step and Column Salary Increases 0.83M 0.83M 0.83M
FY05/06 Negotiated Salary Increase (4.7) 5.1M 2.5M 2.5M
Growth in Special Education Encroachment 1.43M 0.35M 0.5M
Inflationary Increase - CPI 3.4 2.9 2.5
Indirect Cost Rate 2.93 2.93 2.93
Spending Reductions and Reallocations 0.8M 1.4M -
Fund Balance
Mandate Reimbursement Set Aside - 1.08M 1.08M
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Multi-Year Projections
Categories 2006-2007 2007-2008 2008-2009
REVENUES      
Revenue Limit Sources 53,812,216 56,204,621 57,384,325
Federal Revenues 6,265,635 6,175,335 6,175,335
Other State Revenues 14,954,758 13,009,571 13,440,101
Other Local Income 9,508,314 9,341,317 9,341,317
Total Revenues 84,540,923 84,730,844 86,341,077
EXPENDITURES
Salaries Benefits 68,101,498 66,016,354 66,749,667
Books/Supplies Outlay 5,408,213 3,766,167 3,859,508
Services Operating Expenses 11,143,568 10,345,506 10,956,770
Other Outgo Transfers 1,943,916 1,943,916 1,943,916
Total Expenditures 86,597,195 82,071,943 83,509,861
Other Sources (Uses) (153,896) (514,249) (514,249)
Net Inc/Dec in Fund Balance (2,210,169) 2,144,652 2,316,967
BEGINNING BALANCE 4,378,028 2,167,859 4,312,511
ENDING BALANCE 2,167,859 4,312,511 6,629,478
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Components of Fund Balance
FY06/07 Projection FY07/08 Projection FY08/09 Projection
Ending Fund Balance Revolving Cash For Economic Uncertainties For Other Designations Available Unrestricted Reserve 2,167,859 50,000 2,615,293 - (497,434) 4,312,511 50,000 2,479,536 1,080,000 702,975 6,629,478 50,000 2,522,673 1,080,000 2,976,805
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Outstanding Issues that Could Impact the Budget

• Negotiations
• P2 Average Daily Attendance
• Audit Finding
• Budget Act for FY07/08
• Equalization Aid