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2012-13 Unaudited Actuals and Local Control Funding (LCFF)

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Presentation on theme: "2012-13 Unaudited Actuals and Local Control Funding (LCFF)"— Presentation transcript:

1 Unaudited Actuals and Local Control Funding (LCFF)

2 Where we are – or rather –where we were in 2013 In the BIG picture, our budget is in good shape. The adjustments that were made have stabilized our budget. However, we are entering a new era of LCFF funding. The rules and exactly how they will apply are unknown as of today. This makes the revenue projections for this year less certain.

3 Revenue Page 1, Section A Unaudited Actuals Budget Revenues Unrestricted (A) Restricted (B) Combined (C) Unrestricted (D) Restricted (E) Combined (F) Revenue Limit 20,625,104442,58721,067,69120,991,8680 Federal Revenue 25,4324,125,2564,150,689223,2203,758,4733,981,693 Other State 4,658,7234,681,3789,340,1024,144,9764,742,9328,887,908 Other Local 696,9761,799,8932,496,869713,4801,605,1752,318,655 Total Revenue 26,006,23611,049,11537,055,35226,073,54410,106,58036,180,124

4 Revenue Sources

5 Expenditures Page 1, Section B Unaudited Actuals Budget Expenditures Unrestricted (A) Restricted (B) Combined (C) Unrestricted (D) Restricted (E) Combined (F) Certificated Salaries11,965,3964,141,12316,106,52012,031,4904,193,86416,225,344 Classified Salaries2,337,6863,036,5985,374,2842,441,3732,991,2155,432,588 Employee Benefits6,422,6432,718,1389,140,7826,162,8752,860,2079,028,082 Books & Supplies582,2781,090,9451,673,224853,1691,152,4162,005,585 Capital Outlay456,786100,645557,432416,73734,023450,760 Services1,952,8971,154,8273,107,7252,187,3681,194,9643,382,333 Other Outgo323, ,2470 Other (Transfers)(715,273)488,089(227,184)(432,058)297,345(134,713) Total Expenditures23,325,95112,730,36936,056,32123,926,20212,724,02436,650,226

6 Expenditures

7 Excess (Deficiency) Revenue over Expenditures Page 1, Section C Unaudited Actuals Budget Unrestricted (A) Restricted (B) Combined (C) Unrestricted (D) Restricted (E) Combined (F) C. Excess Deficiency) of Revenue over Expenditures Before Other Financing Sources and Uses2,680,285(1,681,254)999,0312,147,342(2,617,444)(470,102)

8 Other Financing Sources Page 1, Section D Unaudited Actuals Budget Other Financing Sources/Uses Unrestricted (A) Restricted (B) Combined (C) Unrestricted (D) Restricted (E) Combined (F) Interfund Transfers Transfers In Transfers Out210, , ,22, Other Sources/Uses Uses Sources29, Contributions(1,747,714)1,747,7140(2,509,421)2,509,4210 Total Other Financing Sources/Uses(1,928,619)1,747,714(180,905)(2,868,526)2,509,421(359,105)

9 Net Result of Operations Page 2, Section E Unaudited Actuals Budget Unrestricted (A) Restricted (B) Combined (C) Unrestricted (D) Restricted (E) Combined (F) E. Net Increase (Decrease) In Fund Balance751,66566,460818,125(721,184)(108,023)(829,207)

10 Fund Balance Page 2, Section F Unaudited Actuals Budget Fund Balance and Reserves Unrestricted (A) Restricted (B) Combined (C) Unrestricted (A) Restricted (B) Combined (C) Beginning Balance Beginning Balance As Of July 1, Unaudited9,432,6702,733,78212,165,9529,678,1752,799,94212,477,917 Audit Adjustments(506,160)0 (71,918)0 As of July 1, Audited8,926,5102,733,28211,659,7929,606,2562,799,74212,405,999 Adjusted Beginning Balance8,926,5102,733,28211,659,7929,606,2562,799,74212,405,999 Other Restatements Ending Balance9,678,1752,799,74212,477,9178,885,0722,691,71811,576,791

11 of

12 Grade Span Base Grants K – 3 $6,845 + $712 for CSR = $7,557 4 – 6 $6,947 7 – 8$7,154 9 – 12$8,289 These numbers are the “target” amounts and may not be reached for 7 to 8 years or even longer. There are no solid numbers for the current year.

13 Balanced Rock, Castleford, Idaho Like this rock, the new LCFF will be a balancing act.


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