Golden Plains Unified School District 2015/2016 Unaudited Actuals Golden Plains Unified School District

Local Control Funding Formula Base Funding Calculation Grade Span Base Grant CSR Add-On CTE Add-On Total Base K-3 $7,083 $737 $7,820 4-6 $7,189 7-8 $7,403 9-12 $8,578 $223 $8,801

Local Control Funding Formula Grade Span Base Grant Supplemental (20% of base) Concentration (50% of base) Total Possible K-3 $7,820 $1,564 $3,910 $13,294 4-6 $7,189 $1,438 $3,595 $12,222 7-8 $7,403 $1,481 $3,702 $12,586 9-12 $8,801 $1,760 $4,401 $14,962

LCFF Implementation The LCFF calculation determines “target” funding to be fully funded in 2020/2021 Current year funding prior to full implantation is “annual implementation funding” Annual implementation funding = prior year funding + funded Gap

Budget Vs. Actuals: Revenues Last Budget Update Actuals Variance LCFF Sources $17,555,520 $18,747,717 $1,192,197 Federal Revenue $2,242,694 $1,924,963 ($317,731) Other State Revenue $3,173,017 $3,100,076 ($72,941) Local Revenue $1,066,103 $1,150,959 $84,856 Total Revenues $24,037,334 $24,923,716 $886,382

Changes in Revenue Drought relief was realized in 2015/2016 instead of 2016/2017. Unspent federal and state entitlement revenues are reduced to actual expended amount. Entitlements are only earned when spent. Title I, II, III, IV and State Bus Replacement Expected MAA revenues were not received in current year ($100,000). Interest was higher than anticipated: $80,000 budgeted vs. $149,931 received.

Budget Vs. Actuals: Expenditures Last Budget Update Actuals Variance Certificated Salaries $7,218,642 $7,053,399 ($165,243) Classified Salaries $3,319,302 $3,143,670 ($175,632) Benefits $5,477,404 $4,721,187 ($756,217) Books & Supplies $2,531,618 $1,649,467 ($882,151) Services & Other Opr $5,128,678 $4,363,067 ($765,611) Capital Outlay $380,422 $614,915 $234,493 Other Outgo $273,673 $269,705 ($3,968) Indirect Costs ($37,251) ($62,967) ($25,716) Transfers Out $11,198 $0 Total Expenditures $24,303,686 $21,763,640 ($2,540,046)

Changes in Expenditures Two key factors with new administration: Planning Knowledge of District specific expenditures During the 2015/2016 school year, staff and administration spent time planning and becoming familiar with the District’s past and planning for the future.

Changes in Expenditures $1,174,902 of LCFF S/C funding was unspent during the planning phase. In 2015/2016 these funds become part of the unrestricted ending fund balance. Benefits savings: PARS early retirement incentive payment: $89,960 Retiree benefits: $16,082 Health and welfare not reflective of actual enrollment Vacancies Additional areas of savings: Utilities: $204,740 Telephone: $33,823 Legal: $59,661 Transportation: $88,872 (salaries for vacant positions) School and Library Improvement Grant: $80,185 (salaries for vacant positions) Certificated Stipends: $65,774

Changes in Expenditures Areas of increased expenditures: Ongoing and routine maintenance: $68,357 Capital Outlay/Facilities: $175,291 Substitute costs: $69,948

Budget Vs. Actuals: Ending Fund Balance Last Budget Update Actuals Variance Beginning Balance $5,510,756 $0 Revenues $24,037,334 $24,923,716 $886,382 Expenditures $24,303,686 $21,763,640 ($2,540,046) (Deficit)/Surplus ($255,154) $3,171,274 $2,916,678 Ending Fund Balance $5,244,404 $8,670,832 $3,426,428 Restricted Balance $907,281 $899,534 ($7,747) Unrestricted Balance $4,337,123 $7,771,298 $3,434,175 Economic Reserve 17.85% 35.71% 17.86%

2016/2017 Budget Update and MYP Golden Plains Unified School District

2016/2017 Revenue Changes Approved Budget Update Variance LCFF $19,830,936 $18,355,468 ($1,475,468) Federal $1,882,000 $2,428,899 $546,899 State $1,575,951 $1,516,675 ($59,276) Local $1,122,639 $1,186,686 $64,047) Total Revenues $24,411,526 $23,487,677 ($923,849)

Revenue Changes Drought relief received in 2015/2016 vs. 2016/2017. Federal carry-over updated. Property tax adjustment of ($266,595). Decrease in one-time revenues from May Revision to June Governor’s Budget Adoption.

2016/2017 Expenditure Changes Approved Budget Update Variance Certificated Salaries $7,773,623 $7,744,955 ($28,668) Classified Salaries $3,576,700 $3,692,515 $118,815 Benefits $5,738,583 $5,280,829 ($457,754) Books & Supplies $2,354,444 $2,318,611 ($35,833) Services & Other Opr. $4,737,694 $5,134,451 $396,757 Capital Outlay $36,040 $114,373 $78,333 Other Outgo $273,673 $0 Indirect Costs ($83,792) Transfers Out $282,155 Total Expenditures $24,689,120 $24,757,770 $68,650

Expenditure Changes Salaries reflect all new hires and true step and column. Benefits reflect post-open enrollment elections and October costs. Federal carry-over expected to be expended in books/supplies & services.

Multi-Year Projections 2016/2017 2017/2018 2018/2019 LCFF Sources $18,355,468 $18,805,797 $18,882,085 Federal Revenues $2,428,899 $2,020,828 Other State Revenues $1,516,675 $979,869 Local Revenues $1,186,636 $702,303 Total Revenues $23,487,677 $22,508,797 $22,585,085

MYP Revenue Assumptions 2017/2018 Continued declining enrollment State revenues include Elimination of one-time mandate claims funding: $357,339 Elimination of Clean Energy Act (Prop 39) revenue: $238,742 Elimination of repayment to CDE for Emergency Repair Projects: ($59,276) Federal revenues include Elimination of 2015/2016 federal carry-over: $408,070 Local revenues include Elimination of PG&E On-Bill Financing revenue: $400,000 Elimination of SolarCity reimbursements: $78,333 Elimination of PBIS: $6,000

MYP Revenue Assumptions 2018/2019 Continued declining enrollment No one-time revenues anticipated All other funding is projected to be flat

Multi-Year Projections: Expenditures 2016/2017 2017/2018 2018/2019 Certificated Salaries $7,744,955 $7,758,517 $8,082,583 Classified Salaries $3,692,515 $3,610,899 $3,665,063 Benefits $5,280,829 $5,574,656 $5,979,590 Books and Supplies $2,318,611 $2,159,231 Other Services $5,134,451 $3,500,799 $3,345,606 Capital Outlay $114,373 Other Outgo $273,673 Indirect Costs ($83,792) Transfers Out $282,155 Total $24,757,770 $23,190,512 $23,818,483

MYP Expense Assumptions 2017/2018 1.5% Step & Column for certificated and classified salaries. 3% increase in certificated salaries and benefits built in the LCAP for additional certificated professional development. 1.15% increase for benefits. CalSTRS & CalPERS required contribution increases. Elimination of one-time retro salary payments, hiring bonuses, and vacation payouts in 2016/2017. Increase of $304,691 in supplemental and concentration grant expenditures Decrease of $408,070 for increased federal expenditures from categorical carry-over.

MYP Expense Assumptions 2017/2018 continued Elimination of one-time band uniform budget: $50,000 Elimination of $6,000 for PBIS expenditures. Elimination of PG&E/Clean Energy Act expenditures: $1,006,270 Expiration of PARS early retirement incentive payment: $89,960 Elimination of Mobile Modular payment: $174,960. Elimination of one-time Educator Effectiveness expenditures: $149,587. Elimination of SolarCity revenues/expenses: $213,259

MYP Expense Assumptions 2018/2019 1.5% Step & Column for certificated and classified salaries. 3% increase in certificated salaries and benefits built in the LCAP for additional certificated professional development. 1.15% increase for benefits. CalSTRS & CalPERS required contribution increases. Elimination of Municipal Finance equipment purchase payment: $155,193

Multi-Year Projections: Ending Fund Balance 2016/2017 2017/2018 2018/2019 Beginning Balance $8,670,832 $7,400,739 $6,719,024 Revenues $23,487,677 $22,508,797 $22,585,085 Expenditures $24,757,770 $23,190,412 $23,818,483 Excess (Deficit) Spending ($1,270,093) ($681,715) ($1,233,397) Ending Balance $5,485,627 Restricted Balance $327,851 Economic Reserve 28.57% 27.55% 21.65%

Moving Forward Enrollment senses is completed October 3rd each year. First Interim Report is due December 15th (actuals through October 31st). P-1 attendance report is completed in January. P-2 attendance report is complete in April. This is our primary source of funding. One-time college readiness block grant will be included in the first interim report.