fontana unified school district
DESCRIPTION
FONTANA UNIFIED SCHOOL DISTRICT. 2011-2012 2 nd Interim Report March 7, 2012. State Funding. Mid-Year Reductions Cut ADA funding Eliminated Transportation Changed to Higher Deficit Factor (SB 81 ) Eliminated Funding for Transitional Kindergarten - PowerPoint PPT PresentationTRANSCRIPT
State Funding
FONTANA UNIFIED SCHOOL DISTRICT2011-2012 2nd Interim Report
March 7, 2012
Mid-Year Reductions
•Cut ADA funding
•Eliminated Transportation– Changed to Higher Deficit Factor (SB 81)
•Eliminated Funding for Transitional Kindergarten
•Proposed new Funding Formula for K-12 Education
•Potential ADA Reduction of $370/ADA Dependent on Increase in Taxes
MAJOR CHANGES BY GOVERNOR
Funded ADA vs. P-2 ADA
ADA Comparison
• Projected ADA for 2012-2013 based on P-1 ADA for 2011-2012– 38,798.66
• Potential ADA for 2012-2013 if Increase ADA for 2011-2012– 39,254.38
• Difference in Potential Increase in ADA– 455.72
• Potential Revenue from increase in ADA– $2,210,013.28
Revenue Increase due to Increase in ADA
Budgeted 1st Interim 2nd Interim
2011-2012
$214,816,470.93
$215,481,738.00
$213,459,529.00
2012-2013
$221,343,261.75
$218,765,025.00
$198,108,039.00
2013-2014
$227,022,824.91
$223,536,619.00
$202,001,649.00
pg. 145 pg. 102 pg. 103
Unrestricted Revenue Comparison
Budgeted 1st Interim 2nd Interim
2011-2012
$208,566,683.00
$218,500,997.00
$217,181,092.00
2012-2013
$222,866,304.00
$224,123,428.00
$219,767,699.00
2013-2014
$227,792,631.00
$228,353,797.00
$222,276,540.00
pg. 145 pg. 102 pg. 103
Unrestricted Expenditure Comparison
Changes In Revenue for 11-12
• Adjusted ADA (-20.22)• (-$104,398)
• Governor’s Trigger in Reduction of ADA• $13 per Student (-$507,111)
• Elimination of 50% Transportation Funding• 50% is equal to approximately (-
$750,000.00)• SB81 (-$1,664,759)
CHANGES IN REVENUE FOR 12-13
• Governors Proposal of Flat Funding•Increase in Deficit Factor (2.446 %)•$6.3 million
• Reduction of $370 per ADA•$14.3 million
Total Reduction in Revenue $20,600,000
Changes In Revenue for 13-14
Total Reduction in Revenue $21,400,000
• Governors Proposal of Flat Funding•Increase in Deficit Factor (2.446%)•$7.2 million
• Reduction of $370 per ADA•$14.2 million
CHANGES IN EXPENDITURES FOR 2011-2012
• Salary Adjustments• Decrease Expenses by $1,500,000
• Capital Outlay• Increase by $200,000
Decrease by $1,300,000
CHANGES IN EXPENDITURES FOR 2012-2013
• Salary/FTE Adjustments• Decrease by -$2,700,000
• Employee Benefits Adjustments (7%)• Decrease by $1,600,000
Decrease by $4,300,000
CHANGES IN EXPENDITURES FOR 2013-2014
• Salary/FTE Adjustments• Decrease Expenses by $3,300,000
• Employee Benefits Adjustments (7%)• Decrease by $2,500,000
Decrease by $5,800,000
2011-2012 2012-2013 2013-2014
Revenue $213,459,529 $198,108,039 $202,001,649
Expenditures $217,181,092 $219,767,699 $222,276,540
Difference ($3,721,563) ($21,659,660) ($20,274,891)
Fund Balance $37,462,675 $33,741,112 $12,081,452
New Difference $33,741,112 $12,081,452 ($8,193,439)
Reserve (4%) $13,552,337 $11,649,191* ($5,863,966)*
Remaining Funds
$20,188,775 $432,261 ($14,057,405)
UNRESTRICTED FUND BALANCE
Qualified Budget for 2nd Interim Report
• Due to Revenue Uncertainties
– Reduction in Revenue Hinging on Potential Tax Increases
• Need to make $14,500,000 in reduction by 2013-2014
– Increase Revenue
– Reduce Expenditures
– Union Concessions
– Reduce Staff
QUESTIONS?