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Lennox School District 2011-12 Second Interim Report to Board of Trustees March 13, 2012.

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Presentation on theme: "Lennox School District 2011-12 Second Interim Report to Board of Trustees March 13, 2012."— Presentation transcript:

1 Lennox School District 2011-12 Second Interim Report to Board of Trustees March 13, 2012

2 Second Interim Report What Has Changed Since First Interim Report? What Has Changed Since First Interim Report? Release of Governor’s Budget Release of Governor’s Budget November Ballot Initiatives November Ballot Initiatives Development Of District Multi-Year General Fund Strategic Plan Development Of District Multi-Year General Fund Strategic Plan TRANS Issuance TRANS Issuance Release of LAWA First Payment Release of LAWA First Payment Issuance Of QSCB and GO Bond Payments Issuance Of QSCB and GO Bond Payments Awaiting OPSC Funding For ORG Awaiting OPSC Funding For ORG 2

3 Second Interim Report 2011-12 Los Angeles World Airport (LAWA) Sound Attenuation Program Begins Los Angeles World Airport (LAWA) Sound Attenuation Program Begins December 2011 Received First Payment: December 2011 Received First Payment: $10 Million Federal Funding (Fund 40) $10 Million Federal Funding (Fund 40) Allocated for Jefferson ($1.9M), Felton ($3.34M), Animo Charter ($2.5M) & Lennox Middle School ($1.77M) Allocated for Jefferson ($1.9M), Felton ($3.34M), Animo Charter ($2.5M) & Lennox Middle School ($1.77M) Approximately $111 Million in Total Payments Expected Over Next 10 Years Approximately $111 Million in Total Payments Expected Over Next 10 Years Last Series of General Obligation Bonds Issued – February 2012, Fund 21 Last Series of General Obligation Bonds Issued – February 2012, Fund 21 Election of 1998, Series 2012B, $157K Election of 1998, Series 2012B, $157K Election of 2007, Series 2012B, $1.199 Million Election of 2007, Series 2012B, $1.199 Million Election of 1998, Series 2012A, $ 3 Million Election of 1998, Series 2012A, $ 3 Million Qualified School Construction Bonds, QSCB, $ 2.1 Million in Interest Payment Relief Due to Federal Subsidy Program Qualified School Construction Bonds, QSCB, $ 2.1 Million in Interest Payment Relief Due to Federal Subsidy Program 3

4 Second Interim Report 2011-12 Office Of Public School Construction (OPSC) Funds Office Of Public School Construction (OPSC) Funds Overcrowding Relief Grant Overcrowding Relief Grant Jefferson School Jefferson School Expectation of $3 Million Cash Deposit In Spring 2012 for Building Modernization Expectation of $3 Million Cash Deposit In Spring 2012 for Building Modernization (Fund 35) (Fund 35) District Claimed $39.78 Million Funds For Site / Relocation Expenses District Claimed $39.78 Million Funds For Site / Relocation Expenses October 4, 2011 Claim Form October 4, 2011 Claim Form $68 Million Total Funding – 50% of Funding Is Available Due to District Qualifying for Financial Hardship $68 Million Total Funding – 50% of Funding Is Available Due to District Qualifying for Financial Hardship 4

5 Second Interim Report 2011-12 The District Certifies Positive The District Certifies Positive District Budget Solutions Depend Upon Reduction In Force District Budget Solutions Depend Upon Reduction In Force Employee Compensation Restored to Original 100% Levels Employee Compensation Restored to Original 100% Levels District Issued $4 Million Tax Revenue Anticipation Notes (TRANS) District Issued $4 Million Tax Revenue Anticipation Notes (TRANS) Funded: March 1, 2012 Funded: March 1, 2012 Payback: November 2012 Payback: November 2012 Applying for June 2012 Exemption From State Apportionment Deferral Applying for June 2012 Exemption From State Apportionment Deferral 5

6 Summary of Combined MYP 2011/122012/132013/14 Revenue$ 50,667,663$ 44,751,783$ 41,828,827 Expenditures$ 53,949,151$ 46,976,735$ 47,035,524 Surplus/ (Deficit)$ (3,281,488)$ (2,224,952)$ (5,206,697) Beginning Balance$ 12,588,426$ 9,306,838$ 7,081,986 Ending Balance$ 9,306,838$ 7,081,986$ 1,875,289 Fund Balance / Expenditures Percentage 17%15%4% Available Percentage16%14%3% 6  Enrollment Continues To Decline  Expenditures > Revenue  Without Reductions In 2012-13, Approximately 98% Of The Unrestricted General Fund Would Be Spent On Salaries And Benefits  Over 90% Of Our Budget Reductions Prior To 2009-10 Did Not Affect Salaries And Jobs

7 7 Revenue Assumptions 2011/122012/132013/14 Revenue Limit COLA 2.24% $137/ADA 3.17% $198/ADA 2.40% $154/ADA Revenue Limit Deficit 20.602%22.22% Student Attendance Projecting 78 ADA Decline from 2010-11 P2 to 2011-12 P2 Projecting 100 ADA Decline from 2011-12 P2 to 2012-13 P2 Projecting 100 ADA Decline from 2012-13 P2 to 2013-14 P2 Funded ADA5130 (25 students are educated by LACOE) 5052 (25 students are educated by LACOE) 4952 (25 students are educated by LACOE) Special Revenue Limit Items Mid – Year Triggers Included. Loss of $61/ ADA Tax Failure: $370 / ADA Included

8 8 Revenue Assumptions 2011/122012/132013/14 Revenue Limit COLA $700K$1 Million$750K Revenue Limit Deficit ($6.6Million)($7.23 Million)($7.25 Million) Effect of Declining Enrollment ($1.065 Million)($390 K)($510K) Funded ADALost 216 students in 2010-11 from 2009-10. Loss Takes Effect in 2011-12 Projecting 78 ADA Decline from 2010-11 P2 to 2011-12 P2. Loss Takes Effect in 2012-13. Projecting 100 ADA Decline from 2011-12 P2 to 2012-13 P2. Loss Takes Effect in 2013-14. Special Revenue Limit Items Mid – Year Triggers Included In Deficit Above Tax Failure: ($1.87Million) Tax Failure: ($1.85Million) TransportationFunded at 2008- 09 Levels Budget: $260K Eliminated Completely Loss of $260K Eliminated Completely Loss of $260K

9 Revenue Assumptions 2011/122012/132013/14 Unrestricted Lottery / Restricted Lottery $117/ADA $600K $23/ADA $117K $117/ADA $585K $23/ADA $115K $117/ADA $575K $23/ADA $113K K-3 CSR$2.175 Million (based on 2010-11 Claim) $1.52 Million (70% Funded based on 30% Penalty) QEIA AWARD$3 Million Not Funded Tier III Resources Flexed $1.93Million All Flex Options Utilized Except For $16K of GATE $1.93 Million All Flex Options Utilized Except For $16K of GATE $1.93 Million All Flex Options Utilized Except For $16K of GATE 2010-11 CarryoverInstructional Materials – State Textbooks: $525K Carryover Expired 2010-11 CarryoverJobs Bill: $1.2MillionCarryover Expired 2010-11 CarryoverQEIA: $2 MillionCarryover Expired 2010-11 CarryoverEIA: $745KCarryover Expired All Other 2010-11 Carryover and One- Time Money All other Federal, State & Local Resources: $3 Million Carryover Expired 9

10 Expenditure Assumptions 2011/122012/132013/14 Grade KOption 2, Fully Implemented, 100% Funding Return to Contract Staffing Levels. 70% Funded Grades 1-3Option 1, Fully Implemented, 100% Funding Return to Contract Staffing Levels. 70% Funded QEIA Grades 4-5Fully Implemented. Felton, Jefferson, Moffett Return to Contract Staffing Levels. Retain Final Year of Funding. Return to Contract Staffing Levels. Funding Eliminated. Grades 4-529:1 Buford & Huerta Return to Contract Staffing Levels. Grades 6-822:1Return to Contract Staffing Levels. 10

11 Expenditure Assumptions 2011/122012/132013/14 Employee Compensation Certificated Reduction: 8 Furlough Days Less 2.5%. 1% Restored As of December 2011. All Compensation Restored to 100%. No Furloughs, No Reductions. Employee Compensation Classified Reduction: 13 Furlough Days. 2 Days Restored As of December 2011. All Compensation Restored to 100%. No Furloughs, No Reductions. Staff Reductions Certificated Current Staff Budgeted Elimination of Class Size Reduction District-wide and Reduction for Decline in Enrollment. Loss of 59 Teaching FTE, average cost $85K each, $5.015 Million total Ongoing loss of Class Size Reduction and additional 5 FTE Teaching Staff loss due to decline in enrollment. Staff Reductions Classified Current Staff Budgeted 31 Classified FTE, average cost $30.3 K. Total Reduction $940K. On-going reduction. 11

12 Expenditure Assumptions 2011/122012/132013/14 Audit Adjustment for Child Development. Support Transfer from General Fund to Child Development: $750K Not on-going. LACOE Special Education Invoice Reduction in 2010-11 Invoice, Reported one- time in 2011-12: $260K Not on-going. Proposed Increase To General Fund Beginning Balance One-time Adjustment to Fund Balance for Prior Prior Year SACS Transactions: $314K Not on-going. 12

13 Protecting “Cradle to College” 13 District Budget Committee cost savings 2003-2009 Site Funding Support School Allocation reduction: $300,000 Eliminate Mandated costs incentive funding/ sub site reimbursement $60,000 Events Eliminate: field trips, Proud Bird opening, travel/ conferences, Spanish classes, food, memberships, Lennox Loudspeaker issues, and a variety of miscellaneous items $105,000 Consultants Eliminate and/ shift district support to categorical $115,000

14 Personnel Assistant Principals: Eliminate 4 positions $450,000 Assistant Principals: Eliminate 4 positions $450,000 Administrators: shortened work year $100,000 Administrators: shortened work year $100,000 D.O. Directors/ clerical: eliminate all director positions/ shift distr. support to categorical $500,000 D.O. Directors/ clerical: eliminate all director positions/ shift distr. support to categorical $500,000 Counselors: eliminate.5 FTE/ shift distr. support to categorical $250,000 Counselors: eliminate.5 FTE/ shift distr. support to categorical $250,000 SDS: shift district support to categorical $330,000 SDS: shift district support to categorical $330,000 Tech staff: reorganization $50,000 Tech staff: reorganization $50,000 Custodians: downsize per policy/ shift dist. support to cafe/ RRM $470,000 Custodians: downsize per policy/ shift dist. support to cafe/ RRM $470,000 Librarians: shift district support to categorical $300,000 Librarians: shift district support to categorical $300,000 Health Aides: SDS: shift district support to MAA $56,000 Health Aides: SDS: shift district support to MAA $56,000 Clerical: downsize per policy/ shorten work yr/ revamp D.O. position $62,000 Clerical: downsize per policy/ shorten work yr/ revamp D.O. position $62,000 TA's: Shorten TA work year/ eliminate district support $500,000 TA's: Shorten TA work year/ eliminate district support $500,000 14 Protecting “Cradle to College” (cont)

15 15 2009-102010-112011-12 CertificatedNo Change6 Furlough Days Step Freeze Until 3-1-2011 8 Furlough Days + 2.5% Reduction (1% Restored in December 2011) Classified3 Furlough Days5 Furlough Days13 Furlough Days ( 2 Days Restored in December 2011) Management & Confidential 3 Furlough Days5 Furlough Days8 Furlough Days + 2.5% Reduction (1% Restored in December 2011)

16 16 What’s Next? District Stakeholders (Budget Committee) Continue To Brainstorm Solutions To Eliminate Deficit Spending In Order To Maintain Positive Status In The Long Term District Stakeholders (Budget Committee) Continue To Brainstorm Solutions To Eliminate Deficit Spending In Order To Maintain Positive Status In The Long Term Submit Second Interim Report To LACOE By March 15, 2012 Submit Second Interim Report To LACOE By March 15, 2012 Await May Revise Of Governor Brown’s 2012-13 Budget Proposal And Approval By The State Legislature Await May Revise Of Governor Brown’s 2012-13 Budget Proposal And Approval By The State Legislature Adjust Current Year Budget And Multi-year Budgets As Needed Adjust Current Year Budget And Multi-year Budgets As Needed Await News Of November 2012 Ballot Measures To Increase Taxes Await News Of November 2012 Ballot Measures To Increase Taxes If November Measures Are Passed $1.8M Reduction Is Restored Mid-Year 2012-13 If November Measures Are Passed $1.8M Reduction Is Restored Mid-Year 2012-13

17 17 Questions?


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