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Burbank Unified2011-12 First Interim
December 15, 2011
Stan Carrizosa, SuperintendentChristine Statton, Assistant Superintendent, Administrative ServicesBonnie Adkins, Fiscal Services SupervisorLina Sola, Fiscal Services Supervisor
The Budget Cycle
Report Description Due
Adopted Budget Details spending plan of district and includes estimated actual ending balances for prior fiscal year
On or before June 30
First Interim Actual revenues & expense July 1 to October 31 with projections for remainder of current and 2 future fiscal years
On or before December 15
Second Interim Same as above but for period July 1 to January 31
On or before March 15
Unaudited Actuals Details actual ending balances, all revenues and expenditures for year ended June 30
On or before September 15
Objects
1XXXs – Certificated Salaries 2XXXs – Classified Salaries 3XXXs – Employee Benefits 4XXXs – Books and Supplies 5XXXs – Services and Other Operating
Expenditures 6XXXs – Capital Outlay 7XXXs – Other Outgo 8XXXs – Revenues 9XXXs – Balance Sheet Accounts Assets,
Liabilities and Fund Balance
Organization of District Funds01 General Fund Unless specified to be accounted for elsewhere, funds are deposited into and
expended from this fund
11 Adult Ed Used to account for activities of all adult education programs
12 Child Development Used to account for child care/child development programs
14 Deferred Maintenance Used to provide for deferred maintenance program funds for schools (5-yr plan)
25 Capital Facilities Used to collect and expend developer fees
35 County School Facility Fund
Used to account for state matching funds for construction projects/modernization
40 Special Reserve Fund Used for capital facility acquisition and construction projects
61 Cafeteria Enterprise Fund
Used to account for activities of food service program
67 Retiree Benefits Activity
Used to account for “pay as you go” expenditures for retiree benefits
71 Retiree Benefits Trust Fund
Used to account for resources set aside in an irrevocable trust for future health benefits for employees as they retire.
General Fund 2011-12 First Interim
Unrestricted Restricted Combined
Revenues 90,467,418 26,714,122 117,181,540
Expenditures (79,637,815) (45,834,477) (125,472,292)
Transfers Out/Other Uses (18,225,218) 15,805,023 (2,420,195)
Net Gain/(Loss) (7,395,615) (3,315,332) 10,710,947
Beginning Fund Balance 22,725,825 3,315,332 26,041,158
Ending Fund Balance 15,330,210 0 15,330,210
General Fund Revenues Unrestricted
2011-12 Adopted 1st Interim Difference
Revenue Limit 70,105,249 75,287,475 5,182,226
Federal - - -
Other State 12,777,158 12,958,233 181,075
Other Local 2,000,237 2,221,710 221,473
TOTAL 84,882,644 90,467,418 5,584,774
General Fund Expenditures Unrestricted
2011-12 Adopted 1st Interim Difference
Certificated Salary 42,892,557 45,239,874 2,347,317
Classified Salary 10,666,393 10,982,429 316,036
Employee Benefits 17,978,276 16,688,733 (1,289,543)
Books and Supplies 2,767,506 3,831,538 1,064,032
Services/Operating Exp 6,507,053 6,450,404 (56,649)
Capital Outlay 48,000 121,611 73,611
Other Outgo (2,721,287) (3,742,717) (1,021,430)
Contributions/Transfers 15,287,884 18,225,218 2,937,334
TOTAL 93,426,382 97,797,090 4,370,708
General Fund Revenues Restricted
2011-12 Adopted 1st Interim Difference
Revenue Limit 3,682,870 3,729,967 47,097
Federal 6,119,568 9,736,490 3,616,922
Other State 10,345,823 10,808,536 462,713
Other Local 1,115,863 2,439,129 1,323,266
TOTAL 21,264,124 26,714,122 5,449,998
General Fund Expenditures Restricted
2011-12 Adopted 1st Interim Difference
Certificated Salary 11,368,000 12,973,935 1,605,935
Classified Salary 6,761,612 7,545,769 784,157
Employee Benefits 5,874,005 6,417,064 543,059
Books and Supplies 2,162,054 7,036,371 4,874,317
Services/Operating Exp 5,393,650 8,183,971 2,790,321
Capital Outlay 7,100 149,618 142,518
Other Outgo 3,017,543 3,527,749 510,206
Contributions/Transfers (13,319,840) (15,805,023) (2,485,183)
TOTAL 21,264,124 30,029,454 8,765,330
General Fund Multiple Year Projection
2011-12 2012-13 2013-14
Revenues/ Transfers In 117,545,628 114,528,040 116,817,441
Expenditures/ Transfers Out 128,256,575 119,845,769 122,493,496
Net Increase (Decrease)
(10,710,947) (5,317,729) (5,676,055)
Beginning Fund Balance 26,041,158 15,330,211 10,012,482
Ending Fund Balance 15,330,211 10,012,482 4,336,427
General Fund Multiple Year Projection With $350/ADA cut in 2012-13 & Zero Cola thru 13-14
2011-12 2012-13 2013-14
Revenues/ Transfers In 117,545,628 107,033,915 109,379,661
Add Ed Jobs Funding available 2,130,000 0 0
Expenditures/ Transfers Out 128,256,575 119,845,769 122,493,496
Net Increase (Decrease)
(8,580,947) (12,811,854) (13,113,835)
Beginning Fund Balance 26,041,158 17,460,211 4,648,357
Ending Fund Balance 17,460,211 4,648,357 (8,465,478)
2011-12 1st Interim
The Multiyear projection (unrestricted) shows: Deficit Spending of $7.4M in 10-11 Deficit Spending of $5.3M in 11-12 Deficit Spending of $5.7M in 12-13 Assumes zero growth in ADA for 12-13 and 13-14 Assumes payment of step/column/longevity, and 3% H&W increase
in 12-13 and 13-14 Includes the BTA furlough days all in 12-13, as it was too late to
reflect the 11-12 scheduled furlough days in current year Includes tentative agreement CSEA furlough days all in 12-13, as
agreement is not ratified yet (and too late to reflect in 11-12)
Other Funds2011-12 Adopted
RevenueAdopted Expense
1st Interim Revenue
1st Interim Expense
Adult Ed (includes transfers) 3,040,592 2,365,132 3,164,279 2,577,327
Child Development 4,622,847 4,537,285 4,521,704 4,814,856
Deferred Maintenance 178,576 52,100 169,983 216,012
Capital Facilities 212,848 315,317 212,848 323,102
County School Facilities 0 0 0 0
Reserve -Capital Outlay 240,063 1,326,609 411,798 1,587,204
Bond Interest/Redemption 8,193,437 7,902,174 8,193,437 7,902,174
Cafeteria Enterprise 3,810,011 3,952,656 3,810,011 3,639,287
Self Insurance Fund 793,859 1,009,586 753,975 1,043,845
Retiree Benefit Fund 34,468 3,500 43,900 3,500
General Fund Expenditures 2011-12
2011-12 First Interim General Fund Budget $128 Million
Certif icated Salaries $52,473,420
42%
Classif ied Salaries $16,574,624
13%Management Salaries
$7,693,9636%
Certif icated Benefits $14,291,364
11%
Classif ied Benefits $6,676,983
5%
Books & Supplies $10,867,909
8%
Transfers Out $2,784,283
2%
Other Outgo/Uses & Indirect/Direct Support Costs -
$149,0250%
Capital Outlay $271,229
0%
Management Benefits $2,137,449
2%
Services-Other Operating $14,634,375
11%
Other Factors to Consider
Cost of transitional kindergarten in 12-13? Mental Health Costs shifted to School Districts
– $500K to $1 Million
Continued Deferrals – at close of books 10-11:– $18.4M = Receivables GF Unrestricted
$10M TRAN (loan) due back Dec 30, 2011 Mid-year State Budget Triggers Feb 1, 2012
– 200K Rev limit– 195K Special Education Transportation– 35K Child Care Funds
First Interim 2011-12
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