2015-16 unaudited actuals presentation - school webmasters · unaudited actuals report •...

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

·""

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?