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Increases to Revenue Adjustments to Expenditures Secured Property taxes increased by 4% over prior year and a decrease in prior years’ property tax collection.

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Presentation on theme: "Increases to Revenue Adjustments to Expenditures Secured Property taxes increased by 4% over prior year and a decrease in prior years’ property tax collection."— Presentation transcript:

1 Increases to Revenue Adjustments to Expenditures Secured Property taxes increased by 4% over prior year and a decrease in prior years’ property tax collection. Local Control Funding Formula (LCFF) Hold Harmless provision to maintain State Grant funding at level of $547,563 Common Core State Standards (CCSS) Grant of $611,931 Proposition 39 California Clean Energy Jobs Act of $118,320 Donations Retiree and attrition adjustments Rate changes for statutory benefits Special Education services for new students or new IEP obligations Onetime purchase of copiers and technology Expenditures associated with donations and onetime grants Carryover Expenditures First Interim Report 1

2 General Fund Revenue General Fund Expenditures Source In Millions Property Taxes and LCFF Hold Harmless $ 40.1 Federal Grants 0.9 State Grants, Entitlements, & Reimbursements 1.6 Local sources and SELPA Pass-through of Special Education AB 602 funds 3.5 Uses In Millions Salaries and Employee Benefits $ 33.5 Books, Supplies, and Services 9.9 Capital Outlay 1.7 Other Uses and Transfers Out to Other Funds First Interim Report 2

3 Sources of General Fund Revenues 3

4 First Interim Report General Fund Expenditures & Transfers 4

5 First Interim Report General Fund Ongoing vs. Onetime Budgeted Revenue as compared to Expenditures and Transfers 5

6 Revenues for Facilities (In Millions) Fund 14 – Deferred maintenance Fund Fund 25 – Developer Fee (Capital Facilities) Fund Fund 40 – Facilities Repair and Replacement (FRRP) 6


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