1. Ramona Unified School District Board Meeting August 24, 2010

2. Importance of End-of-Year Close Staff has reported on the importance of the unaudited actuals The ONLY time during the year that an accurate picture of the District’s finances can be seen Shows the picture on one specific day -- June 30th All revenues and expenses are accounted for All other times are predictions of the finances However with fiscal crisis, end of year close is a piece of information which helps to determine the future years’ finances

3. 2009-2010 Federal Stimulus Dollars Used to prop up RUSD and other school districts in California January Governor's 2010-2011 budget proposal More cuts to education Self-Qualifying of Budget with the second interim report 2010-2011 July 1 st budget

4. 2010-2011 July Budget Total Revenues$46,036,986 Total Expenses$49,966,712 Difference$(3,929,726) 2009-2010 Estimated Ending Balance $3,225,404 Infusion of $889,000 from Special Reserve Fund will fill in the gap 2010-2011 Estimated Ending Balance $184,679

5. Conditional Budget Ramona Unified self qualified its finances during the Second Interim Report As a result of having qualified status, San Diego County Office of Education has issued the District’s 2010-2011 budget as conditional and is requiring the District to take the following steps

6. Conditional Budget The Board adopt a resolution which identifies the amount of budget reductions needed in future years RUSD must submit a list of Board-approved budget reductions by the First Interim Report, December 15, 2010, which corrects the imbalance Provide a list of the cuts that RUSD has already made and a list outlining the timetable of remaining cuts and/or concessions SDCOE has also directed RUSD to adjust the budget to remove the 2011-2012 COLA increase from the revenue limit

7. The Final 2009-2010 Outcome Total Revenues $49,076,953.05 Total Expenses $50,299,764.34 Difference $ (1,222,811.29) Shows both unrestricted side and restricted side of the finances

8. The Final 2009-2010 Outcome Unrestricted Restricted Revenues $37,004,264.25 $12,072,688.80 Expenses $33,107,501.33 $17,225,847.27 Other Transfers$ 2,801,499.42 $ 2,835,083.68 Difference $ 1,095,263.50 $ (2,318,074.79)

9. The Final 2009-2010 Outcome Beginning Balance $ 8,552,468.94 Ending Balance$ 7,329,657.65 Unrestricted Ending Balance$ 5,605,154.77 Restricted Ending Balance$1,724,502.88

10. Components of Ending Balance Unrestricted Revolving Cash $25,000.00 Prepaid Expenditures$4,806.72 Vacation Balance$ 507,158.47 Formerly Restricted Programs$1,435,054.22 Site/Department Carryover$704,387.36 For 2010-2011$2,928,748.00 Total$5,605,154.77

11. Components of Ending Balance Unrestricted Vacation Balance $ 507,158.47 For 2010-2011$2,928,748.00 TOTAL$3,435,906.47

12. Multi-Year Problem 2010-2011 (current year), RUSD has the fiscal resources to meet obligations 2011-2012 (only 10.5 months away), RUSD must realize significant reductions AND concessions to meet its financial obligations 2011-2012 $3.4 million issue Is worse due to removal of COLA income

13. Copy of the Multi-Year 2010-20112011-20122012-2013 Beginning Balance $3,225,404 $184,679 $(3,424,779) Revenues $46,036,986 $44,665,450 $45,473,510 Total Revenues $49,262,390 $44,850,128 $42,048,732 Expenditures $(49,966,712) $(50,786,849) $(52,164,778) Transfers in/out $889,000 $2,511,942 $89,000 Ending Balance $184,678$(3,424,779) $(10,027,046) $(3,424,779)

14. Multi-Year Problem- Conclusion Programs are being reduced, swept, and flexed to help to balance the 2011-2012 fiscal year problem After all this is done Still need $3.4 million from other sources Employee concessions Possible Federal revenue Layoffs and reductions to programs State of California and funding for education

15. Other Funds Fund 17 Special Reserve Fund Revenues (Interest)$ 33,584.26 Expenses (Transfers out)$ 33,584.26 Ending Balance$3,195,945.55 Note: Minimum reserve level of 3% is $1,508,993 $889,000 is budgeted to be transferred to general fund in 2010-2011 Leaves $797,952.55 for multi-year problem

16. Other Funds Cafeteria Fund Revenues $2,085,957.39 Expenses$2,041,486.68 Ending Balance$ 759,593.15 Self Insurance Fund Revenues$597,688.41 Expenses$622,717.38 Ending Balance$351,972.31

17. Other Funds Developer Fees Revenues $ 143,051.71 Expenses $ 1,131,736.04 Ending Balance $9,189,110.96 Components of Ending Balance Cash with Trustees (COPS)$5,573,456.43 COPS Set Aside $3,200,000.00 Other $ 415,654.53

18. Other Funds Adult Education Fund Revenues$ 0.00 Expenses$ 0.00 Ending Balance$ 0.00 Deferred Maintenance Fund Revenues $ 0.00 Expenses$ 0.00 Ending Balance$ 0.00

19. What is next Adoption of a State 2010-2011 Budget Federal Job Bills for Education Enrollment Work on 2011-2012 and beyond fiscal issues Looking at ending balances and programs from 2009- 2010 to identify savings or more flexibility Stay engaged with bargaining units