TWIN RIVERS UNIFIED 2012/13 ADOPTED BUDGET Presented to the Board of Trustees June 26, 2012.

TWIN RIVERS UNIFIED

2012/13 ADOPTED BUDGET

Presented to the Board of TrusteesJune 26, 2012

2012/13 GENERAL FUNDBeginning Fund Balance $60,628,805

Revenues 222,210,637

Expenditures 239,274,209

Net Increase/(Decrease) Fund Balance (17,063,572)

Ending Fund Balance $43,565,233

Components of Ending Fund Balance:

Nonspendable $511,000

Restricted 7,023,329

Assigned 8,144,475

Unassigned - Economic Uncertainties 15,000,000Unassigned (Available) Fund Balance $12,886,429

2012/13 GENERAL FUND REVENUES

Revenue Limit $139,199,319Federal 22,230,331State 48,081,462Local & Other 12,699,525

20,000

21,000

22,000

23,000

24,000

25,000

P-2 ADA (Not Including SCOE) 24,277 23,870 23,841 23,210 23,394

Rev Lim ADA (Not Including SCOE) 24,515 23,926 23,841 23,495 23,394

08/09 Actual 09/10 Actual 10/11 Actual 11/12 Actual12/13

Projection

2012/13 REVENUE LIMIT ADA vs P2 ADA – K/12

2012-13 Revenue Limit• 3.24% Cost of Living Adjustment

• Apply 2012-13 deficit of22.272% to our undeficited2012-13 revenue limit (RL)per ADA

• Twin Rivers USD

• Loss of $1,680 per ADA

• $1,680 x 23,394 ADA = $39,301,920 loss of revenue

2012-13 Revenue LimitBefore Deficit

2012-13 Revenue Limit AfterDeficit and Cut

2012-13

Revenue Limit

Funding

Deficit Factor

Reduction

$1,680 (22.272%)

$7,543 $7,543

$5,863Funded RL= $7,543 – ($7,543 x 0.22272)= $7,543 – $1,680= $5,863

1,200

1,300

1,400

1,500

1,600

1,700

1,800

P-2 ADA 1,678 1,730 1,822 1,998 2,021

08/09 Actual 09/10 Actual 10/11 Actual 11/12 Actual 12/13 Projection

2012/13 P2 ADA - Charter

• FEDERAL REVENUE:– One-time funding eliminated

– 10% reduction to Title I and 20% reduction to Title II, Teacher Quality

– Deferred revenue: Estimated at $11 million Only $837 thousand is reflected in the Adopted Budget Remainder will be budgeted at First Interim once the actuals are

known

REVENUES

REVENUES - Continued• STATE REVENUE:

– Economic Impact Aid (EIA) reduced 10%– School Library Improvement Block Grant (SLIBG) reduced 5%– Home-to-School Transportation and Class Size Reduction (CSR) remain the

same as prior year– No Mandated Cost– One-time funding eliminated– Lottery per student rate is $141.75– SBx3 4 Flexibility of Tier III programs is $9 million

• LOCAL REVENUE:– Interest Income– One-time funding eliminated– State Special Ed – no COLA or cut from SELPA

2012/13 GENERAL FUND EXPENDITURES Capital & Other

2%Books & Supplies

5%

Services11%

Employee Benefits

18%

Classified19%

Certificated45%

Certificated $109,452,030Classified 39,549,509Employee Benefits 43,241,864Services 34,881,061Books & Supplies 12,027,792Capital & Other 121,953

• CERTIFICATED SALARIES:– Current position control– Unrestricted vs. restricted

• CLASSIFIED SALARIES:– Current position control– Unrestricted vs. restricted

• 2011/2012 CATEGORICAL CARRYOVER– Not included

• LUMPSUM– $35.61 elementary, $70.74 junior high, $141.14 high school

• RRMA @ 2.16%• CONTRIBUTIONS

– Transportation– Special Education– Community Day School

EXPENDITURES

Other Funds

• Adult Education Fund• Child Development Fund• Cafeteria Fund• Deferred Maintenance Fund• Special Reserve Fund for Other

Than Capital Outlay Projects• Special Reserve Fund for Post-

Employment• Building Fund• Capital Facilities Fund-Developer

Fees

• Special Reserve Fund for Capital Outlay Projects

• Other Enterprise Fund• Retiree Benefit Fund• Summary of the Other Funds

revenues and expenditures

2013/14 GENERAL FUND - PROJECTIONS

Beginning Fund Balance $43,565,233

Revenues 225,911,490

Expenditures 250,372,616

Net Increase/(Decrease) Fund Balance (24,461,126)

Ending Fund Balance $19,104,107

Components of Ending Fund Balance:

Nonspendable $511,000

Restricted 7,023,329

Assigned 0

Unassigned - Economic Uncertainties 11,569,778Unassigned (Available) Fund Balance $0

2014/15 GENERAL FUND – PROJECTONS

Beginning Fund Balance $19,104,107

Revenues 224,208,260

Expenditures 244,527,581

Net Increase/(Decrease) Fund Balance (20,319,321)

Ending Fund Balance ($1,215,214)

Components of Ending Fund Balance:

Nonspendable $511,000

Restricted 7,023,329

Assigned 0

Unassigned - Economic Uncertainties 0Unassigned (Available) Fund Balance ($8,749,543)

SACS BUDGET FORMS• Budget Certification• Average Daily Attendance• Revenue Limit Summary• Cash Flow Projection• Multi Year Projections – General Fund• Summary of Interfund Activities• Current Expense Formula/Minimum Classroom

Compensation• Schedule of Capital Assets – 2011/12• Schedule of Long-Term Liabilities – 2011/12• Other Funds• Criteria and Standards

NEXT STEPS• Staff will present a budget revision to the

Board within 45 days of the State adopting their 2012/13 Budget.

• Any questions?