20082009 Budget Adoption

1
2008-2009 Budget Adoption

• Ramona Unified School District
• Board of Trustees
• June 17, 2008

2
Purpose

• To approve the July 1st Budget for 2008-2009 as
  required by California Education Code
• Required to submit to San Diego County Office of
  Education by July 1st

3
Districts Projected Financial Position

• May Rev. Exp. Deficit
• 52,229,626 53,530,103 (1,300,477)
• June Rev. Exp. Deficit
• 53,186,999 53,617,527 ( 430,528)
• Does not take into account any potential site,
  department or categorical carryover from current
  year

4
2007-2008 Ending Balance

• 2007-2008 Estimated Actuals 1,960,773
• 2008-2009 set aside 800,000
• Recapture site/dept. budgets 208,592
• Line item revisions 515,000
• Revenue adjustments 209,000
• Vacation Balance 228,181

5
Changes of the May Revise

• Zero COLA to Revenue Limit 835,789
• Additional Revenues to Special Ed 47,234
• Dollars are set aside as part of ending balance
• Local Changes
• Addition of 9th Grade Math Class Size Reduction
• Corresponding staff for added sections of math
• Reduction to lottery revenue due to lower sales
  and, thus, lower projected revenues

6
Assumptions

• Zero percent COLA increase
• 6.5 reduction to categorical programs
• K-3 9th Grade Class Size Reduction
• Transportation
• Economic Impact Aid
• Carl Washington Safety Grant
• School Library Improvement Block Grant

7
Assumptions

• ADA of 6,451, which is P2 for 2007-2008
• Health and Welfare 17 increase
• Utilities 10 increase
• Site Department budgets at current 2007-2008
  funding levels
• Step and Column increases with retirees
  incorporated into the budget

8
Assumptions

• Personnel Staffing Units (P.S.U.) at current
  levels, adjusted by site, based upon (increase or
  decrease) enrollment projections
• The effect of reduction of force for
  Certificated, Classified, and Administrative
  Leadership Team is incorporated into the budget

9
Assumptions

• No carryover in any budget

10
Assumptions

• Open positions in the budget
• Retirees and enrollment projections create a need
  for positions to be filled
• 10 FTE open positions to be filled
• 2 Math positions, at RHS, to facilitate
  implementation of 9th Grade Math CSR no impact
  on general fund
• Open positions represent approximately 780,000

11
Assumptions May Revise

• May Revise revenue enhancements based upon either
  lottery or sales taxes
• Senate and Assembly budget committee recommends
  increasing revenues for education, however, did
  not identify revenues to support enhancement
• The true budget reality for 2008-2009 might not
  occur until after the November election or later
• Remember 2003-2004 and post-election mid-year cut
  proposals

12
Assumptions May Revise

• At this time, it would appear the school district
  will be provided some budget flexibility
• Flexibility with Routine Restricted Maintenance
  Account and local match of Deferred Maintenance
• Allows a decrease of the required 3 set-aside
  for RRMA to 2
• Reserve match for deferred maintenance until such
  time as budget picture clarification
• Flexibility of both equates to 736,000, creating
  a reserve, or offset, against other expenditures
  in the remote chance that State revenues are less
  than anticipated in the current budget scenarios
  Jan/May
• Foregone capital improvement projects
• Painting OPMS, Old RHS gym
• Auto shop roof
• Internet switches
• Carpet
• Others

13
Assumptions May Revise

• Dollars for projects would be held until final
  State finan-cial picture is clear, which could
  mean delay of projects until January 2009 and in
  many cases until June 2009
• Creating a reserve fund and committing to not
  spending the set-aside until the budget picture
  solidifies will allow the district to fill 10
  open positions and to move forward with
  implementing 9th Grade class size reduction
  Please note the revenues to fill the two
  necessary CSR positions will come from new 9th
  Grade CSR funding and CAHSEE already received by
  the district no impact in the general fund
• Adoption of the budget as presented anticipates
  that staff will fill the 12 positions referred
  above and create a revenue reserve through a
  spending freeze on maintenance projects

14
Conclusion

• This is the beginning of the 2008-2009 fiscal
  year process
• We have a balanced budget as we start..
• The closing numbers are what matter the most

15
Other Funds

• Adult Education
• Revenues 80,175
• Expenses 67,928
• Ending Balance 72,263
• Food Services
• Revenues 2,125,200
• Expenses 2,133,650
• Ending Balance 520,532

16
Other Funds

• Deferred Maintenance
• Revenues 266,204
• Expenses 265,000
• Ending Balance 567,561
• Capital Facilities (Dev. Fees)
• Revenues 450,000
• Expenses 230,000
• Ending Balance 4,036,589

17
Other Funds

• Health Ben. Fund (Fund 16)
• Revenues 536,000
• Expenses 535,000
• Ending Balance 391,943
• Required Reserve Fund (17)
• Revenues 150,000
• Expenses 150,000
• Ending Balance 3,067,165