Slide 1

2012-13 Unaudited Actuals and Local Control Funding (LCFF) Slide 2 Where we are or rather where we were in 2013 In the BIG picture, our budget is in good shape. The adjustments that were made have stabilized our budget. However, we are entering a new era of LCFF funding. The rules and exactly how they will apply are unknown as of today. This makes the revenue projections for this year less certain. Slide 3 Revenue Page 1, Section A2012-13 Unaudited Actuals2013-14 Budget Revenues Unrestricted (A) Restricted (B) Combined (C) Unrestricted (D) Restricted (E) Combined (F) Revenue Limit 20,625,104442,58721,067,69120,991,8680 Federal Revenue 25,4324,125,2564,150,689223,2203,758,4733,981,693 Other State 4,658,7234,681,3789,340,1024,144,9764,742,9328,887,908 Other Local 696,9761,799,8932,496,869713,4801,605,1752,318,655 Total Revenue 26,006,23611,049,11537,055,35226,073,54410,106,58036,180,124 Slide 4 Revenue Sources Slide 5 Expenditures Page 1, Section B2012-13 Unaudited Actuals2013-14 Budget Expenditures Unrestricted (A) Restricted (B) Combined (C) Unrestricted (D) Restricted (E) Combined (F) Certificated Salaries11,965,3964,141,12316,106,52012,031,4904,193,86416,225,344 Classified Salaries2,337,6863,036,5985,374,2842,441,3732,991,2155,432,588 Employee Benefits6,422,6432,718,1389,140,7826,162,8752,860,2079,028,082 Books & Supplies582,2781,090,9451,673,224853,1691,152,4162,005,585 Capital Outlay456,786100,645557,432416,73734,023450,760 Services1,952,8971,154,8273,107,7252,187,3681,194,9643,382,333 Other Outgo323,5350 265,2470 Other (Transfers)(715,273)488,089(227,184)(432,058)297,345(134,713) Total Expenditures23,325,95112,730,36936,056,32123,926,20212,724,02436,650,226 Slide 6 Expenditures Slide 7 Excess (Deficiency) Revenue over Expenditures Page 1, Section C2012-13 Unaudited Actuals2013-14 Budget Unrestricted (A) Restricted (B) Combined (C) Unrestricted (D) Restricted (E) Combined (F) C. Excess Deficiency) of Revenue over Expenditures Before Other Financing Sources and Uses2,680,285(1,681,254)999,0312,147,342(2,617,444)(470,102) Slide 8 Other Financing Sources Page 1, Section D2012-13 Unaudited Actuals2013-14 Budget Other Financing Sources/Uses Unrestricted (A) Restricted (B) Combined (C) Unrestricted (D) Restricted (E) Combined (F) Interfund Transfers Transfers In000000 Transfers Out210,3350 359,1050 29,22, Other Sources/Uses Uses000000 Sources29,4290 000 Contributions(1,747,714)1,747,7140(2,509,421)2,509,4210 Total Other Financing Sources/Uses(1,928,619)1,747,714(180,905)(2,868,526)2,509,421(359,105) Slide 9 Net Result of Operations Page 2, Section E2012-13 Unaudited Actuals2013-14 Budget Unrestricted (A) Restricted (B) Combined (C) Unrestricted (D) Restricted (E) Combined (F) E. Net Increase (Decrease) In Fund Balance751,66566,460818,125(721,184)(108,023)(829,207) Slide 10 Fund Balance Page 2, Section F2012-13 Unaudited Actuals2013-14 Budget Fund Balance and Reserves Unrestricted (A) Restricted (B) Combined (C) Unrestricted (A) Restricted (B) Combined (C) Beginning Balance Beginning Balance As Of July 1, Unaudited9,432,6702,733,78212,165,9529,678,1752,799,94212,477,917 Audit Adjustments(506,160)0 (71,918)0 As of July 1, Audited8,926,5102,733,28211,659,7929,606,2562,799,74212,405,999 Adjusted Beginning Balance8,926,5102,733,28211,659,7929,606,2562,799,74212,405,999 Other Restatements000000 Ending Balance9,678,1752,799,74212,477,9178,885,0722,691,71811,576,791 Slide 11 of Slide 12 Grade Span Base Grants K 3 $6,845 + $712 for CSR = $7,557 4 6 $6,947 7 8$7,154 9 12$8,289 These numbers are the target amounts and may not be reached for 7 to 8 years or even longer. There are no solid numbers for the current year. Slide 13 Balanced Rock, Castleford, Idaho Like this rock, the new LCFF will be a balancing act.