2012-13 Budget Devin Vodicka, EdD
Assistant Superintendent, Business Services
Background
• Public Hearings held at Board Meeting on June 13, 2012 regarding Tier III Flexibility
• Additional Public Hearing on June 27, 2012
• Budget Assumptions approved at Board Meeting on June 13, 2012
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Current Information
• CA State Budget not yet finalized as of June 21
• Property Tax estimate updated on June 18
• Reduction of 1.24%
• Reduction includes addition of approximately $50k in Redevelopment Taxes (RDA)
• Earlier estimate was reduction of .24%
• Sweep site funds into reserves pending November election
• 100% of EIA
• 50% of Tier III
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Current Information
• Governor’s November Tax Initiative
• Projected cut of $441 per ADA in 2013-14
• Negotiations settled for 2012-13
• Contingency and restoration language
• Use of Blue Shield “credit” to mitigate pay cuts for certificated and management
• LIUNA portion of Blue Shield “credit” still in reserve
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Other Funds
• Sweeping $140k from Food Service to General Fund
• Sweeping $100k from Self-Insurance Fund
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Summary
• Balanced Budget for 2012-13 relies on deficit spending of $5 million
• Projected deficits in outer years:
• 2013-14: $11.163 million
• 2014-15: $10 million
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Outlook
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10 2011-12 2012-13 2013-14
Ending Balance $8,657,957.00 $3,628,238.00 $2,976,284.00
Total Revenues $74,880,718.00 $72,265,640.00 $70,162,635.00
Total Expenditures $81,270,450.00 $77,295,395.00 $70,814,590.00
$-
$10,000,000.00
$20,000,000.00
$30,000,000.00
$40,000,000.00
$50,000,000.00
$60,000,000.00
$70,000,000.00
$80,000,000.00
$90,000,000.00
Do
llars
2013-14 Expenditure Total is
AFTER unspecified reduction of $11,163,885
Strategy Recommendations
• Continue to aggressively pursue savings
• Vacancies
• Examination of expenses
• Continue to aggressively pursue revenue generation
• Rentals/Lease
• Facility Use
• Preschool
• Continue to foster interagency partnerships
• City of Carlsbad
• Carlsbad Educational Foundation
• PTA/PTSA
• Continue to communicate financial information to community
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Recommendation
• It is respectfully recommended that the Board of Trustees discuss and adopt the proposed Annual Budget
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