Ramona Unified School District Board of Trustees June 17, 2008 2008-2009 Budget Adoption Ramona Unified School District Board of Trustees June 17, 2008

Purpose To approve the July 1st Budget for 2008-2009 as required by California Education Code Required to submit to San Diego County Office of Education by July 1st

District’s Projected Financial Position May Rev. Exp. Deficit 52,229,626 53,530,103 (1,300,477) June Rev. Exp. Deficit 53,186,999 53,617,527 ( 430,528) Does not take into account any potential site, department or categorical carryover from current year

2007-2008 Ending Balance 2007-2008 Estimated Actuals $1,960,773 2008-2009 set aside $ 800,000 Recapture site/dept. budgets $ 208,592 Line item revisions $ 515,000 Revenue adjustments $ 209,000 Vacation Balance $ 228,181

Changes of the May Revise Zero COLA to Revenue Limit $835,789 Additional Revenues to Special Ed $ 47,234 Dollars are set aside as part of ending balance Local Changes Addition of 9th Grade Math Class Size Reduction Corresponding staff for added sections of math Reduction to lottery revenue due to lower sales and, thus, lower projected revenues

Assumptions Zero percent COLA increase 6.5% reduction to categorical programs K-3 & 9th Grade Class Size Reduction Transportation Economic Impact Aid Carl Washington Safety Grant School & Library Improvement Block Grant

Assumptions ADA of 6,451, which is P2 for 2007-2008 Health and Welfare 17% increase Utilities 10% increase Site Department budgets at current 2007-2008 funding levels Step and Column increases with retirees incorporated into the budget

Assumptions Personnel Staffing Units (P.S.U.) at current levels, adjusted by site, based upon (increase or decrease) enrollment projections The effect of reduction of force for Certificated, Classified, and Administrative Leadership Team is incorporated into the budget

Assumptions No carryover in any budget

Assumptions Open positions in the budget Retirees and enrollment projections create a need for positions to be filled 10 FTE open positions to be filled 2 Math positions, at RHS, to facilitate implementation of 9th Grade Math CSR – no impact on general fund Open positions represent approximately $780,000

Assumptions – May Revise May Revise revenue enhancements based upon either lottery or sales taxes Senate and Assembly budget committee recommends increasing revenues for education, however, did not identify revenues to support enhancement The true budget reality for 2008-2009 might not occur until after the November election or later Remember 2003-2004 and post-election mid-year cut proposals

Assumptions – May Revise At this time, it would appear the school district will be provided some budget flexibility Flexibility with Routine Restricted Maintenance Account and local match of Deferred Maintenance Allows a decrease of the required 3% set-aside for RRMA to 2% Reserve match for deferred maintenance until such time as budget picture clarification Flexibility of both equates to $736,000, creating a reserve, or offset, against other expenditures in the remote chance that State revenues are less than anticipated in the current budget scenarios – Jan/May Foregone capital improvement projects Painting OPMS, Old RHS gym Auto shop roof Internet switches Carpet Others

Assumptions – May Revise Dollars for projects would be held until final State finan-cial picture is clear, which could mean delay of projects until January 2009 and in many cases until June 2009 Creating a reserve fund and committing to not spending the set-aside until the budget picture solidifies will allow the district to fill 10 open positions and to move forward with implementing 9th Grade class size reduction – Please note the revenues to fill the two necessary CSR positions will come from new 9th Grade CSR funding and CAHSEE already received by the district – no impact in the general fund Adoption of the budget as presented anticipates that staff will fill the 12 positions referred above and create a revenue reserve through a spending freeze on maintenance projects

Conclusion This is the beginning of the 2008-2009 fiscal year process We have a balanced budget as we start….. The closing numbers are what matter the most

Other Funds Adult Education Food Services Revenues $80,175 Expenses $67,928 Ending Balance $72,263 Food Services Revenues $2,125,200 Expenses $2,133,650 Ending Balance $520,532

Other Funds Deferred Maintenance Capital Facilities (Dev. Fees) Revenues $266,204 Expenses $265,000 Ending Balance $567,561 Capital Facilities (Dev. Fees) Revenues $450,000 Expenses $230,000 Ending Balance $4,036,589

Other Funds Health Ben. Fund (Fund 16) Required Reserve Fund (17) Revenues $536,000 Expenses $535,000 Ending Balance $391,943 Required Reserve Fund (17) Revenues $150,000 Expenses $150,000 Ending Balance $3,067,165