2015-16 unaudited actuals presentation - school webmasters · unaudited actuals report •...
TRANSCRIPT
2015,-2016
Unaudited Actuals
Septeinber13,2016
Donnie Salamanca
Assistant Superintendent, Business Services
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Presentation Overview
• Unaudited Actuals Overview- r
l c Unaudited Actuals Comparison to Estimated
Actualsi[
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r· Local Control Funding Forinula (LCFF) inReview
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• LCFF Looking forward l • Next Steps
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Unaudited Actuals Report
• Unaudited Actuals (2015-16)
- Actual revenue and expenditure data through
June 30, 2016
Adopted Budget (2016-17)
Forecasted revenue and expenditure figures based
on best available information (Budget
Assumptions) and Local Control Accountability
Plan (LCAP) goals
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Estimated vs. Unaudited Actuals I I
I.Unaudited Actuals are very close to June's
Estitnates
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• Approximately 1 °/o variance
Budget surplus of $610K at June 30, 2016
• Attributed to Supplemental and Concentration
grant dollars for goals still in. progress
Savings on Workers' Compensation Program
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Local Control Funding Formula
(LCFF)e Base Funding, with grade span adjustments for:
• Kindergarten (TK & I() through 3rd Grade progress towards class size
averages of 24:1 student to teacher ratios
• Career Technical Education (CTE) Funding in grades 9 through 12
• Supplemental & Concentration Grant Funding
• Additional funding to support designated student populations
• Unduplicated Pupil Count 0/o
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Minimum Proportionality Percentage (I\1PP)
• Local Control Accountability Plan Q CAP) provides a roadmap for goals,
actions, and priorities
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Local Control Funding Formula (LCFF) Base Grants
K-3 $7,083
4-6 $7,189
7-8 $7,403
9-12 $8,578
Supplemental Grant Base Grant x 20% x Unduplicated Pupil%
Concentration Grant Base Grant x SOo/o x Unduplicated Pupil 0/o Above 55%
English
Language
STUDENT
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Local Control Funding Formula (LCFF)
Looking Forward..., IAO forecasts continued growth for both the ·u.s. and
California economies
,.:. Positive economic indicato.rs, but exercise caution
0 Governor plans to continue making large contributions
towards Rainy Day Fund
.-. Personal income and corporate tax collections are fallingshort of forecasts
• California is highly dependent on capital gains revenue
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Local Control Funding Formula (LCFF)Looking Forward (continued)...
- Proposition 30 temporary taxes are set to expire in 2016 and 2018 - Proposition 55 on November ballot
· Voters support I<-14 Bonds and tax measures for the funding! of facilities and instructional programs
<> 0% COLA to LCFF Revenues for 2016-17 • Higher costs to employers
·, Minimum wage increases, the Affordable Care Act (-.ACA), and sickleave for all
·ti Increasing STRS/PEllS contributions
Local Control Funding Forinula (LCFF)
Looking Forw·ard (continued) ... TK-3 Grade Span Progress
The District intends on continuing progress towards student to teacher
rati· os o. f 24 . 1 111 . grades TK 3 .'l'ar2et A vera2e Enrollment For TK-3
2014-2015BV
26.5
CAB
27
CIT
27
FK
27.5
MAG
28
PT
27
SV 28
� SYC 26
UE
27
VAL 27.5
Tarl!et Averaee Enrollment For TK-3 2015-2016 BV
25
CAB
25.5
CIT
25.5
FK
25.5
MAG
26
PT
25.5
SV 26
SYC
25
UE
25.5
VAL 25.5
II
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24.5 24.5 24.5 24.5 25 24.5 25 24.5 24.5 24.5
Taroet Averae:e Enrollment For TK-3 2017-2018
**Projected BV 24
CAB
24.5
CIT
24.5
FK
24.5
MAG
25
PT
24.5
sv
25
SYC
24.5
UE
245
VAL
24.5
Tar2et A verae:e Enrollment For TK-3 2018-2019
**Projected BV
24
CAB
24.5
CIT
24.5
FK
24.S
MAG
25
PT
24.5
sv
25
SYC
24.5
UE
24.5
VAL
24.5
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Local Control Funding Forinula (LCFF)
Looking Forward (continued) ...Employer contributions to employee retirement S)::Stems
Rates continue to increase as noted belo\v.
1-----------0---Salary Projections t4,747 ,6 - 15,124,580 15,124,580 15,124,580
Annual% Increase o-ver PY O.OS-0/o 2.04% 1.61% 1.600/o 1.50% 6.83%
Annual$ Increase over PY 401,949 353,345 243,808 241,993 226,869 $ l,467,964
Salary Projections 55,622,758 52,667,856 52,667,856 I 52,667,856 52,667,856
Annual % Increase over PY 1.85% L85% 1.85% 1.85% 1.85% 9.25%
Annual $ locre•e over PY 1,865,583 657,294 974,355 974,355 974,355
$ 5,445,943I
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Next Steps 0 The Unaudited Actual Report will be submitted to the San Bernardino
Superintendent of Schools for review and submission to theCalifornia Department of Education
• The District's external auditors will independently review and auditthe Unaudited Actual Data to Validate:
• 1\ccuracy
• Compliance with;
• Generally Accepted Accounting Principles (G.AAP)
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Governmental Accowtting Standards Board (GASB)
• California School Accounting Manual (CSA_1vf)
.-._, State and Federal Funding Requirements and Regulations
The .Audited Financial Report will be presented to the Governing Board in January 2017
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Questions?