-
Presented by:
Pam Conklin, SuperintendentTrudy Barrington, Director
February 2020
2751 De Ronde DriveFairfield, CA 94533 Reaching beyond the boundaries to build a community of learners.
Board of Trustees:
Ivery Hood, PresidentRuss Barrington, Vice PresidentJanet Jackson Forbes, ClerkRiitta DeAnda, MemberAdrian Saiz, Member
The Board and staff thank our students for their artwork contributionsto this publication.
-
Overview of Economy
• Economy and Revenues Strong• Recession recovery in 11th
year• Economy is slowing
though
• Federal stimulus has faded• Interest rates remain low
-
Governor’s Budget
• New initiatives outside of education:• Green Technology, Housing, Homelessness
• No new facilities dollars
• Continues the “Rainy Day Fund”
-
LCFF Revenues - COLA Only
-
LCFF Revenues Factors
-
Special Education Funding• Governor proposes an
increase in State funding and a revision to the current funding model• Still being discussed by
legislators – watch for now
• Additional funding would help offset increased general fund contribution
• TUSD special education enrollment increasing, while overall district enrollment decreasing• SPED: 656 = 12%• Total District: 5,455
* Enrollment as of CBEDS day 10/2/19
-
Additional Challenges to the Budget
-
Multiyear Projections
-
Multiyear Projections
-
Multiyear Projections
-
Multiyear ProjectionsUPDATE to 1st Interim Multiyear Projections to be presented at 2nd Interim
• Declining enrollment for 19-20, with a projected increase for 20-21
• Increase LCFF by revised COLA for 20-21
• Include value of current labor negotiations offer
• District will certify as Qualified
• Use Fund 17 balance for out year expenditures
• Maintain 3% required Economic Uncertainties Reserve
• Current (19-20) plus Year 1 (20-21), but not Year 2 (21-22)
-
What is Next?
-
Thank You!
The Board and staff thank our students for their artwork
contributionsto this publication.
