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Burbank Unified 2011-12 First Interim December 15, 2011 Stan Carrizosa, Superintendent Christine Statton, Assistant Superintendent, Administrative Services.

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Presentation on theme: "Burbank Unified 2011-12 First Interim December 15, 2011 Stan Carrizosa, Superintendent Christine Statton, Assistant Superintendent, Administrative Services."— Presentation transcript:

1 Burbank Unified First Interim December 15, 2011 Stan Carrizosa, Superintendent Christine Statton, Assistant Superintendent, Administrative Services Bonnie Adkins, Fiscal Services Supervisor Lina Sola, Fiscal Services Supervisor

2 The Budget Cycle ReportDescriptionDue Adopted BudgetDetails spending plan of district and includes estimated actual ending balances for prior fiscal year On or before June 30 First InterimActual revenues & expense July 1 to October 31 with projections for remainder of current and 2 future fiscal years On or before December 15 Second InterimSame as above but for period July 1 to January 31 On or before March 15 Unaudited ActualsDetails actual ending balances, all revenues and expenditures for year ended June 30 On or before September 15

3 Objects 1XXXs – Certificated Salaries 2XXXs – Classified Salaries 3XXXs – Employee Benefits 4XXXs – Books and Supplies 5XXXs – Services and Other Operating Expenditures 6XXXs – Capital Outlay 7XXXs – Other Outgo 8XXXs – Revenues 9XXXs – Balance Sheet Accounts Assets, Liabilities and Fund Balance

4 Organization of District Funds 01General FundUnless specified to be accounted for elsewhere, funds are deposited into and expended from this fund 11Adult EdUsed to account for activities of all adult education programs 12Child DevelopmentUsed to account for child care/child development programs 14Deferred MaintenanceUsed to provide for deferred maintenance program funds for schools (5-yr plan) 25Capital FacilitiesUsed to collect and expend developer fees 35County School Facility Fund Used to account for state matching funds for construction projects/modernization 40Special Reserve FundUsed for capital facility acquisition and construction projects 61Cafeteria Enterprise Fund Used to account for activities of food service program 67Retiree Benefits Activity Used to account for pay as you go expenditures for retiree benefits 71Retiree Benefits Trust Fund Used to account for resources set aside in an irrevocable trust for future health benefits for employees as they retire.

5 General Fund First Interim UnrestrictedRestrictedCombined Revenues90,467,41826,714,122117,181,540 Expenditures(79,637,815)(45,834,477)(125,472,292) Transfers Out / Other Uses (18,225,218)15,805,023(2,420,195) Net Gain/(Loss)(7,395,615)(3,315,332)10,710,947 Beginning Fund Balance22,725,8253,315,33226,041,158 Ending Fund Balance15,330,2100

6 General Fund Revenues Unrestricted Adopted 1st Interim Difference Revenue Limit 70,105,249 75,287,4755,182,226 Federal Other State 12,777,158 12,958, ,075 Other Local 2,000,237 2,221, ,473 TOTAL 84,882,644 90,467,418 5,584,774

7 General Fund Expenditures Unrestricted Adopted 1st Interim Difference Certificated Salary 42,892,557 45,239,874 2,347,317 Classified Salary 10,666,393 10,982, ,036 Employee Benefits 17,978,276 16,688,733 (1,289,543) Books and Supplies 2,767,506 3,831,538 1,064,032 Services/Operating Exp 6,507,053 6,450,404 (56,649) Capital Outlay 48, ,611 73,611 Other Outgo (2,721,287) (3,742,717) (1,021,430) Contributions/Transfers15,287,88418,225,2182,937,334 TOTAL 93,426,382 97,797,090 4,370,708

8 General Fund Revenues Restricted Adopted 1st Interim Difference Revenue Limit 3,682,870 3,729,967 47,097 Federal6,119,568 9,736,490 3,616,922 Other State 10,345,823 10,808, ,713 Other Local 1,115,863 2,439,129 1,323,266 TOTAL 21,264,124 26,714,122 5,449,998

9 General Fund Expenditures Restricted Adopted 1st Interim Difference Certificated Salary 11,368,000 12,973,935 1,605,935 Classified Salary 6,761,612 7,545, ,157 Employee Benefits 5,874,005 6,417, ,059 Books and Supplies 2,162,054 7,036,371 4,874,317 Services/Operating Exp 5,393,650 8,183,971 2,790,321 Capital Outlay 7, , ,518 Other Outgo 3,017,543 3,527, ,206 Contributions/Transfers(13,319,840)(15,805,023)(2,485,183) TOTAL21,264,124 30,029,454 8,765,330

10 General Fund Multiple Year Projection Revenues/ Transfers In 117,545, ,528, ,817,441 Expenditures/ Transfers Out 128,256, ,845, ,493,496 Net Increase (Decrease) (10,710,947) (5,317,729) (5,676,055) Beginning Fund Balance 26,041,158 15,330,211 10,012,482 Ending Fund Balance 15,330,211 10,012,482 4,336,427

11 General Fund Multiple Year Projection With $350/ADA cut in & Zero Cola thru Revenues/ Transfers In 117,545, ,033, ,379,661 Add Ed Jobs Funding available2,130,00000 Expenditures/ Transfers Out 128,256, ,845, ,493,496 Net Increase (Decrease) (8,580,947) (12,811,854) (13,113,835) Beginning Fund Balance 26,041,158 17,460,211 4,648,357 Ending Fund Balance 17,460,211 4,648,357 (8,465,478)

12 st Interim The Multiyear projection (unrestricted) shows: Deficit Spending of $7.4M in Deficit Spending of $5.3M in Deficit Spending of $5.7M in Assumes zero growth in ADA for and Assumes payment of step/column/longevity, and 3% H&W increase in and Includes the BTA furlough days all in 12-13, as it was too late to reflect the scheduled furlough days in current year Includes tentative agreement CSEA furlough days all in 12-13, as agreement is not ratified yet (and too late to reflect in 11-12)

13 Other Funds Adopted Revenue Adopted Expense 1 st Interim Revenue 1 st Interim Expense Adult Ed (includes transfers)3,040,5922,365,1323,164,2792,577,327 Child Development4,622,8474,537,2854,521,7044,814,856 Deferred Maintenance178,57652,100169,983216,012 Capital Facilities212,848315,317212,848323,102 County School Facilities0000 Reserve -Capital Outlay240,0631,326,609411,7981,587,204 Bond Interest/Redemption8,193,4377,902,1748,193,4377,902,174 Cafeteria Enterprise3,810,0113,952,6563,810,0113,639,287 Self Insurance Fund793,8591,009,586753,9751,043,845 Retiree Benefit Fund34,4683,50043,9003,500

14 General Fund Expenditures

15 Other Factors to Consider Cost of transitional kindergarten in 12-13? Mental Health Costs shifted to School Districts – $500K to $1 Million Continued Deferrals – at close of books 10-11: – $18.4M = Receivables GF Unrestricted $10M TRAN (loan) due back Dec 30, 2011 Mid-year State Budget Triggers Feb 1, 2012 – 200K Rev limit – 195K Special Education Transportation – 35K Child Care Funds

16 First Interim Questions Comments


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