Adopted Budget 2010-2011 Summary
Mar 31, 2015
Adopted Budget
2010-2011Summary
Public Hearing – Tier III ProgramsIt is the intention of the Palmdale School District to receive Tier III funding and to
utilize these funds in 2010-11 through 2012-13 for unrestricted educational purposes
Administrator Training Program (AB430) Community Day Schools Recruitment Grants
Adult Education Counselors, Grades 7-12 Regional Occupational Centers/Programs
Alternative Credentialing Deferred Maintenance SB 472 Professional Development
Arts & Music Block Grant Educational Technology School & Library Improvement
Bilingual Teacher Training Gifted & Talented Education (GATE) School Safety Competitive Grant
California High School Exit Exam (CAHSEE) High Priority Schools/ II/USP (2009-10) School Safety Consolidation
California School Age Families Educational Indian Education Centers Specialized Secondary Programs
Center for Civic Education Instructional Materials Fund Student Leadership
Certificated Staff Mentoring Program International Baccalaureate Supplemental Hourly Programs
Charter Schools Categorical Block Grant National Board Certification Targeted Instructional Improvement Grant
Child Oral Health Assessments Peer Assistance and Review Teachers Credentialing Block Grant
Class-Size Reduction-9th Grade Physical Education Teacher Teacher Dismissal Apportionments
Community Based English Tutoring (CBET) Professional Development Block Grant Williams Audits
Readers for the Blind
OverviewGovernor’s Budget Proposal January - Specific Reductions to K12 ($1.5 billion) May Revise – Reductions Remain – District Decision - $4.6 m Revenue Limit Deficits - $26 millionState Economic Condition Property Tax Revenues are down Sales Tax Revenues are down Unemployment Rates are upDistrict Declining Enrollment Budget Reduction Plan – 2011-12 & 2012-13
Enrollment History – Includes Charter School
2009-10
20,958
These figures include Charter School Enrollment – 2010/11 = 443 PSD = 20,115
20,558
2010-11
2009-2010 Base Revenue Limit (Prior Year) $6,166.85
2010-2011 COLA – .39% (24.00)
2010-2011 Equalization Aid 0.00 2010-2011 Base Revenue Limit before Deficit $6,142.85
2010-2011 Deficit – 18.355% $(1,127.52) 2010-2011 Unallocated Reduction – 3.85% $(236.50)
2010-2011 Base Revenue after Deficit $4,778.83For a total reduction of $1,388.02/ADA
Base Revenue Limit
Revenue Limit ApportionmentDistrict Revenue Limit per ADA (Prior Year) 121,004,574
$6,166.85
COLA per ADA – Reduction ($467,842) -24.00
Equalization 0.00
Total Base Revenue Limit Per ADA 6,142.85
Revenue Limit ADA (prior year ADA used) 19,557
Total Base Revenue Limit $120,139,587
Additional Revenue Limit Adjustments (Meals for the Needy/Beginning Teachers)
475,623
Revenue Limit Subject to the Deficit $120,615,210
Deficit Factor (18.355 = 0.81645) -22,138,922
Deficit Unallocated Reduction (3.85%) -4,643,686
Revenue Limit after Deficit Reductions $93,832,602
Other Revenue Limit Items (Local Revenue, Pers, UI, Property Taxes, COE Transfer)
-4,667,698
Total State Aid Portion of Revenue Limit $89,159,886
Revenues $181,794,793 Million
Rev Limit$95,219,21
9
Fed-eral
$29,926,59
1
State
$54,892,98
3
Local$1,756,000
Charter School $1,106,148SELPA Pass-Thru $17,745,036
SELPA Pass-Thru $28,152,878
Total SELPA Pass-Thru $45.8 million Total Charter School Pass-Thru $1.1 million
Expenditures $199,217,441 Million
Certificated$70,515,238
Classified$22,287,463
Benefits$36,658,436
Books & Supplies$7,476,575
Services$14,891,019
Capital Outlay$419,000
Other Outgo$47,349,208
Indirect$-379,498
Includes SELPA & Charter School Pass-Thru Funds - $47,349,208 Other OutgoTotal Salaries & Benefits = $129,461,137 (86% of expenditures)
Sal/Ben $93 million 91%
Books/Sup $13 million 9%
Expenditures - Unrestricted
Special Education $9,439,058
Routine Main-tenance
$2,675,333
Transportation $2,062,137
Community Day School $377,812
$14,554,340
Special EducationRoutine MaintenanceTransportationCommunity Day School
Contributions
Salary AdjustmentsSalary Adjustments 2010-11 2011-12 2012-13
Certificated – Step and Column Increase $1,325,973 $1,233,324 $1,255,829
Classified – Step and Column Increase $431,228 $363,905 $370,469
Step and Column Total $1,757,201 $1,597,230 $1,626,298
Classified – Compensation Study Phase IV $170,000
Budget Reduction Amount Required $5,406,550 $1,500,000 $8,300,000
Furlough Days – Adjustment (Union Negotiation) $840,130 $855,252
Budget Reduction Amount Required $5,406,550 $2,340,130 $9,155,252
Budget Reduction Plan – 2010-11Budget Reduction Plan Amount Reduced
Leadership Team $648,000
Palmdale Elementary Teachers Association (PETA)
$3,567,550
California School Employees Association (CSEA)
$1,155,000
Total $5,406,550
Tax and Revenue Anticipation Notes (TRANS)
Apportionment Deferrals Schedule
TRANS 2010-11
$7,175,000 July 2010 100% + 25% to September 2010
October 2010
100% to January 2011
February 2011
94.4% to July 2011
March 2011 100% to July 2011
April 2011 33% to August 2011
May 2011 50% to August 2011
June 2011 100% to July 2011
Cash Management – TRANS & Deferrals
Multi-Year Projections - Factors
2011-2012 2012-2013
Enrollment Growth -300 -250
ADA Decline -286 -238
Step & Column Movement 1.8% 1.8%
Cost of Living Adjustment (zero used) 2.10% 2.40%
Revenue Limit Deficit -18.355% -18.355%
Base Revenue Limit Increase (zero used)
$128 $149
Equalization Aid 0 0
Lottery Revenue – Unrestricted $111.00 $111.00
Lottery – Restricted $14.50 $14.50
Interest Rate for 10-year Treasuries 4.4% 4.6%
2010-2011 2011-2012 2012-2013
Revenue $181,794,793 $183,301,775 $185,232,858
Expenditures $199,217,441 $197,324,277 $189,525,983
Beginning Fund Balance $41,497,180 $24,074,532 $10,052,030
Ending Fund Balance $24,074,532 $10,052,030 $5,758,905
Components of EFB
Reserve 3% $4,599,586 $4,542,791 $4,308,842
Revolving Cash/Stores $100,000 $100,000 $100,000
$19,374,946 $5,409,239 $1,350,063Includes Budget Reduction Calculations
Multi-Year Projections - Combined
All Other Funds – 2010-2011Fund
Description Beginning Balance
RevenueBudget
Expenditure
Budget
Ending Balance
12 Child Development $765,251 $13,046,323
$13,046,323
$765,251
13 Nutritional Services $2,279,152 $8,915,000 $8,915,000 $2,279,152
14 Deferred Maintenance (Tier III)
$5,147,548 $55,000 $0.00 $5,202,548
20 Postemployment Benefits $167,999 $2,000 $0.00 $169,999
21 Building Fund $14,577,398 $425,000 $0.00 $15,002,398
25 Capital Facilities (Dev Fees) $1,534,971 $90,000 $120,062 $1,504,909
35 County School Facilities $5,537,193 $35,000 $280,000 $5,288,031
40 Capital Outlay $1,229,216 $30,000 $112,500 $1,150,878
51 Bond Interest & Redemption $1,410,845 $0.00 $0.00 $1,410,845
52 Debt Service $6,961,606 $3,355,000 $1,523,473 $7,283,133