Tahoe Truckee Unified School District

2007-2008 First Interim Report

Presented by:Earl Wammack – Assistant

Superintendent of Business Services

2007-2008 Adopted Budget

First Interim Projection Difference

ITEM

REVENUE 42,622,369$ 44,642,814$ 2,020,445$

EXPENDITURE 42,081,209$ 45,486,081$ 3,404,872$

OTHER SOURCES (USES) (197,237)$ (184,497)$ 12,740$

EXCESS OR (DEFICIENCY) 343,923$ (1,027,764)$ (1,371,687)$

BEGINNING BALANCE 5,455,785$ 5,455,785$ $0

ENDING BALANCE 5,799,708$ 4,428,021$ (1,371,687)$

TAHOE TRUCKEE UNIFIED SCHOOL DISTRICTFISCAL YEAR 2007-2008

FIRST INTERIM REPORT EXECUTIVE SUMMARY

2007-2008 Adopted Budget

First Interim Projection Difference

ITEM

REVOLVING CASH 10,000$ 10,000$ $0

STORES 5,513$ 10,500$ 4,987$

PREPAID EXPENDITURES 568,389$ 485,000$ (83,389)$

DESIGNATIONS:

ECONOMIC UNCERTAINTY 1,560,000$ 1,560,000$ $0

MEASURE A 941,000$ 941,185$ 185$

OTHER DESIGNATIONS:

UNDESIGNATED 649,509$ 1,421,337$ 771,828$

UNRESTRICTED 506,117$ $0 (506,117)$

RESTRICTED 1,559,180$ $0 (1,559,180)$

ENDING FUND BALANCE 5,799,708$ 4,428,022$ (1,371,686)$

COMPONENTS OF ENDING FUND BALANCE

2003-2004 2004-2005 2005-2006 2006-20072007-2008 Estimated Projected Difference

Secured 18,584,767$ 20,281,751$ 23,134,928$ 26,457,223$ 28,439,400$ 29,088,540$ 649,140$ Unsecured 575,062$ 642,243$ 622,270$ 662,045$ 677,470$ 701,855$ 24,385$ HOX 291,496$ 282,007$ 285,907$ 288,031$ 243,672$ 278,031$ 34,359$

Misc Taxes/ Apportionment 1,430,163$ 194,419$ 10,359$ 113,541$ -$ 1,159$ 1,159$ Timber Yield 33,096$ 41,096$ 42,886$ 48,076$ 42,300$ 48,081$ 5,781$ Prior Year (148,387)$ -$ (50,374)$ 52,280$ -$ (15,000)$ (15,000)$ Total 20,766,197$ 21,441,516$ 24,045,976$ 27,621,196$ 29,402,842$ 30,102,666$ 699,824$

COMPARISON OF REVENUE LIMIT REVENUES

TAHOE TRUCKEE UNIFIED SCHOOL DISTRICTFINANCIAL TREND ANALYSIS

$32,000,000

$33,000,000

$34,000,000

$35,000,000

$36,000,000

$37,000,000

$38,000,000

$39,000,000

$40,000,000

$41,000,000

$42,000,000

$43,000,000

$44,000,000

$45,000,000

$46,000,000

$47,000,000

Revenues $33,415,923 $33,164,267 $35,111,784 $38,155,497 $43,915,669 $44,642,814

Expenditures $33,507,641 $33,851,182 $35,221,701 $37,512,027 $41,865,617 $45,486,081

2002/03 2003/04 2004/05 2005/06 2006/07 2007/08

ADOPTED BUDGET REVISEDGENERAL FUND REVISION GENERAL FUND

BUDGET #1 BUDGET

REVENUE LIMIT SOURCES 29,402,842 699,824 30,102,666 FEDERAL REVENUE 1,586,239 116,771 1,703,010 STATE REVENUE 5,141,221 265,093 5,406,314 LOCAL REVENUE 6,492,067 938,757 7,430,824

TOTAL REVENUE: 42,622,369 2,020,445 44,642,814

CERTIFICATED SALARIES 20,028,022 385,356 20,413,378 CLASSIFIED SALARIES 6,915,344 103,006 7,018,350 EMPLOYEE BENEFITS 8,797,680 (82,252) 8,715,428 BOOKS, SUPPLIES 2,488,503 1,767,179 4,255,682 OTHER OPERATING EXPENSE 3,351,050 824,833 4,175,883 CAPITAL EXPENDITURES 505,324 179,598 684,922 OTHER OUTGO 69,240 226,645 295,885 TRANSFERS OF INDIRECT/DIRECT SUPPORT (73,954) 508 (73,446)

TOTAL EXPENDITURES: 42,081,209 3,404,872 45,486,081

TRANSFERS IN - - - TRANSFERS OUT (197,237) 12,740 (184,497) OTHER SOURCES - - - OTHER USES - - -

TOTAL OTHER SOURCES/USES: (197,237) 12,740 (184,497)

NET INCREASE / DECREASE IN FUND BALANCE: 343,923 (1,371,686) (1,027,763)

BEGINNING FUND BALANCE: 5,455,785 - 5,455,785

ENDING BALANCE: 5,799,708 (1,371,686) 4,428,022

RESERVES: REVOLVING CASH 10,000 - 10,000 STORES 5,513 4,987 10,500 PREPAID EXPENSE 568,389 (83,389) 485,000

DESIGNATED AMOUNTS: RESTRICTED CATEGORICALS 1,559,180 (1,559,180) - UNRESTRICTED DESIGNATIONS 1,447,118 (505,932) 941,185 ECONOMIC UNCERTAINTY 1,560,000 - 1,560,000

TOTAL RESERVES / DESIGNATIONS: 5,150,200 (2,143,514) 3,006,685

UNDESIGNATED / UNAPPROPRIATED AMOUNT: 649,509 771,828 1,421,337

TAHOE TRUCKEE UNIFIED SCHOOL DISTRICT 2007-2008 GENERAL FUND BUDGET REVISION #1

RESTRICTED / UNRESTRICTED COMBINED December 5, 2007

TAHOE TRUCKEE UNIFIED SCHOOL DISTRICTDETAIL OF NET CHANGE IN TOTAL EXPENDITURES FOR 2007-08 BUDGET REVISION # 1

December 5, 2007

Total Net $'s Attributed ToUNRESTRICTED RESOUCES: Expenditure Change 2006-07 Carryover

0000 UNRESTRICED (19,976) 292,563 0005 SAFETY CREDIT PROGRAM 13,155 - 0015 PUPIL TESTING INCENTIVE 7,587 5,908 0035 COWELL GRANT 230,538 G 230,538 0101 MEASURE 'A' 5,050 - 0102 EXCELLENCE IN ED 86,722 76,722 0103 MANDATED COST 462,445 462,445 0104 MAA 86,183 - 0106 WOODLEAF CAMP 40,216 106 0109 MISC CKS / DONATIONS 100,221 89,595 0114 FACILITY USE 119,345 59,345 1100 LOTTERY 4,400 -

1,135,886 1,217,221 FEDERAL RESOUCES:

3010 TITLE ONE (3,283) - 3310 SP ED BASIC GRANT (72,000) - 3315 SP ED IDEA 837 G 6,897 3320 SP ED IDEA 2,910 G 18,236 3360 SP ED LOW INCIDENCE - - 3405 SP ED - WORKABILITY Move to RE 6520 (103,221) - 3550 CARL PERKINS 23,162 - 3710 TITLE IV-DRUG FREE 2,561 G 2,561 4035 TITLE II-TEACHER QUALITY - - 4045 TITLE II-ED TECHNOLOGY - - 4110 TITLE VI / V - INNOVATIVE PROGRAMS - - 4201 TITLE III-IMMIGRANT ED 4,402 G 4,402 4203 TITLE III-LIMITED ENG PROFICIENT - -

(144,632) 32,096 STATE RESOUCES:

6010 AFTER SCHOOL SAFETY 87,237 G 22,737 6091 CALSAFE - SUPPORTIVE PROGRAMS - - 6092 CALSAFE - SAFE CHILD CARE - - 6275 TEACHER RECRUITMENT 10,260 - 6285 COMMUNITY-BASED ENGLISH TUTORING 7,883 - 6286 ENGLISH LANGUAGE ACQ PROG 22,361 17,116 6300 LOTTERY INSTRUCTIONAL MATERIALS 178,861 173,516 6405 SCHOOL SAFETY AND VIOLENCE PREVENT 54,078 54,078 6500 SPECIAL EDUCATION 38,278 - 6520 SP ED - WORKABILITY Move from RE 3405 103,221 - 6760 ARTS AND MUSIC BLOCK 62,400 62,400 6761 ART, MUSIC, PE SUPPLIES 243,425 243,425 7055 CAHSEE INTENSIVE INSTRUCTION 10,345 10,345 7056 CAHSEE MATERIALS 2,565 2,565 7080 SUPPLEMENTAL SCH COUNSELING 113,176 113,176 7091 ECONOMIC IMPACT AID (EIA) 216,599 118,768 7140 GATE 11,339 11,339 7156 K-12 IMFRP BLOCK GRANT 199,855 199,855 7230 TRANSPORTATION - HOME TO SCHOOL 191,300 - 7394 STAFF DEV-AB 466 80,000 80,000 7390 PUPIL RETENTION BLOCK GRANT 4,576 4,322 7393 PROFESSIONAL DEV BLOCK GRANT 303,490 250,873 7395 SCH & LIBRRARY IMPROVEMENT BLOCK GRANT 137,546 141,037 7396 DISCRETIONARY BLOCK GRANT 124,644 124,644 7398 INSTRUCTIONAL MATERIALS, LIBRARY, ED TECH 23,604 23,604 7812 COMMUNITY CHALLENGE GRANT (500) - 8150 ROUTINE REPAIR AND MAINTENANCE 35,401 7,445

2,261,944 1,661,246 LOCAL RESOUCES:

9010 OTHER LOCAL 126,166 2,251 9430 49er ROP CONTRACT 1,007 1,007 9685 K-12 VOUCHER PROGRAM 24,502 -

151,674 3,259

TOTAL CHANGE IN EXPENDITURE: 3,404,872 2,913,822

Thank you!