Jefferson School District 2010-11 First Interim December 14, 2010

Revenue Assumptions Updates our financial info since 2010-11 Budget Revenue changes include: Additional Revenue Limit income of $573,456 Rescinded the proposed per ADA reduction we planned for at budget Removed “fully funded” negative 0.39% Cost of Living Adjustment – additional revenue of $16,056 ongoing Included Education Jobs Fund revenue (Resource 3205) of $450,312 Budgeted additional ADA of 39 – increased enrollment and change in attendance forecast (less flu this year vs. last)

Expense Assumptions Expense changes include: Use Education Jobs Funds (Resource 3205) one time in 10/11 to offset certificated expenses in the Unrestricted General Fund (Resource 0000) $450,312 Use Remaining ARRA SFSF Funds (Resource 3200) one time to offset general fund expenses $127,110 Budget for three additional teachers in 12/13 to plan for change in Class Size Reduction flexibility $195,000

Expense Assumptions (continued) Step & Column of 2.4% for Certificated and 1.1% for Classified each year Consumer Price Index adjustment of 1.8% in 11/12 & 2.1% in 12/13 No changes to salaries or benefits in any year. No Cost of Living Adjustment (COLA) in any year. Increase budget for utilities 5% in 11/12 & 12/13. Increase Special Ed. transportation budget 10% in 11/12 & 12/13

Additional Changes As recommended by San Joaquin County Office of Education, we are reserving the new RL income ($573,456) each year. More info in January when new Governor reveals 2011-12 budget information

Multi-Year Projection