2018-2019

Second Interim BudgetMarch 12, 2019

Ms. Carrie DelgadoConsultant, Business Services

Briana HennesSenior Director, Business Services

Budget Cycle

District

1st Interim Budget (December)

2nd Interim (March)

Budget Adoption (June)

State

Budget Adoption (June/July)

Governor’s Budget Proposal (January)

May Revision (May)

• Time Period

• Actual expenditure and revenue data through January 31st

• Budget updated to reflect projected balances for June 30th

• Certification

• Positive

• Qualified

• Negative

2nd Interim Budget Report

Projections are updated in accordance with the

best available information at the time through

January 31st.

• State Updates

• Actual Payroll to Date

• CALPADS Enrollment Data

• Unduplicated Pupil Percentage

2nd Interim Budget Report

Base Grants

TK-3 $7,459

4-6 $7,571

7-8 $7,796

9-12 $9,034

Supplemental Grant

Base Grant x 20% x

Unduplicated Pupil%

Concentration Grant

Base Grant x 50% x

Unduplicated Pupil%

Above 55%

STUDENT

English

Language

Learner

Foster

Youth

Low-income

Budget Assumptions

• LCFF Funding @ 100% ($98 Million)

• Enrollment/ADA decline approx. 150

• COLAs 3.7%(18-19), 3.4%(19-20), 2.8%(20-21)

• Attendance Rate approx. 96%

• Lottery $151 and $53

• Unduplicated Pupil Percentage 56.83

PERS and STRS Increases

• PERS Rates:

• 18-19 18.06%

• 19-20 20.70%

• 20-21 23.40%

• STRS Rates:

• 18-19 16.28%

• 19-20 17.10%

• 20-21 18.10% (last year of increase)

Required Contributions to

Restricted Programs

• Special Education

• $15.2 Million

• Routine Restricted Maintenance

• $2.7 Million

Multi Year Projections

Unrestricted and Restricted

2018-2019 2019-2020 2020-2021

Beginning Balance $12,520,270 $11,850,374 $9,139,056

Revenues $118,828,387 $116,351,218 $117,606,100

Expenditures $119,498,283 $119,062,536 $120,718,346

(Decrease) in Fund Balance (669,896) (2,711,318) (3,112,246)

Ending Balance $11,850,374 $9,139,056 $6,026,810

Restricted $3,368,136 $2,225,421 $999,195

Required Reserve for Economic Uncertainty (3%)

$3,584,948 $3,571,876 $3,621,550

Total Reserve $8,482,237

7%

$6,913,634

5.8%

$5,027,614

4.2%

• Measure K Fund $620,000

• Developer Fee Fund $5 Million

• Redevelopment Agency $2.6 Million

Summary of Other Funds

Next Steps

• Submission to San Bernardino County Superintendent of Schools for validation and review

• Calendar year-end processes

• Governor’s May Revise

• Approve 2019-20 Budget

• Continue to Develop Budget Priorities and Potential Reductions

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Questions?