Simi Valley Unified School District 2017-2018 Proposed Budget June 27, 2017
2017-2018 Proposed Budget School districts throughout California are required to pass their Annual Budget prior to July 1. The Proposed Annual Budget is based on information contained in the Governor’s January Proposed State Budget and the Governor’s May Revision. This Proposed Annual Budget is only a “place holder” budget. The District will be required to adopt a revised budget after the legislature has approved a State Budget and the Governor has signed the budget.
May Revision Funding Gap Changes Item January Budget May Revision LCFF Funding Gap 23.67% 43.97% Proposition 98 Minimum Funding Guarantee 2015-2016 2016-2017 2017-2018 $68.7 Billion $71.4 Billion $73.5 Billion $69.1 Billion $71.4Billion $74.6 Billion 2017-2018 COLA 1.48% 1.56% One-Time Discretionary Funds for 2017-2018* $48 per ADA* $169 per ADA** $147 per ADA (adopted)
Budget Assumptions 2017-2018 LCFF Funding - $138,821,247 LCFF Target – $143,004,389 C.O.L.A. 1.56% Unduplicated Count Percentage 32.52% Supplemental Funds $5,925,319 Minimum Proportionality Percentage (MPP) 4.25% 2017-2018 Funded ADA 16,347.57 (Based on prior year P-2) Decrease of 209 Funding ADA (16,557) (2015-2016 decrease was 542, 2016-2017 decrease of 479)
Budget Assumptions Lottery - $189 per ADA Health & Welfare Increases Unrestricted $144 Restricted $ 45 Health & Welfare Increases Rate change is in January Step Increase Certificated: 1.55% Classified: 1.13 STRS (12.58% to 14.43%): $1,293,844 increase (2016-2017 10.73% - 12.58%) PERS (13.888% to 15.531%):$412,820 increase (2016-2017 11.847% to 13.888%)
Budget Assumptions Budget Reductions - Personnel Certificated Personnel Reduction of 10.0 Teachers Currently staffed to known enrollment. Retirements and Temporary Contracts Classified Several Vacant Positions have not been filled
Budget Assumptions Assumptions K-3 Class Size Reduction – 26:1 Class Size Secondary Schools - 180 Student Contacts per day Health & Welfare – Negotiating for reduced rates with January renewal All Assumptions are subject to change based on Ending Fund Balance, State Budget and Negotiations
Revenue
Expenditures
Multi-Year Projection
Multi-Year Assumptions 2018-2019 K-3 Class Size 26:1 Secondary Class Size 180 Student Contacts Medical Benefits Savings Reduce 10 FTE, Declining Enrollment: $927,981 STRS 14.43% to 16.28% ($1,313,899 increase) PERS 15.531% to 18.10% ($652,781 increase) All Assumptions are subject to change based on Ending Fund Balance, State Budget and Negotiations
Multi-Year Assumptions 2019-2020 K-3 Class Size 26:1 Secondary Class Size 180 Student Contacts Medical Benefits Savings Reduce 10 FTE, Declining Enrollment: $942,166 STRS 16.28% to 18.13% ($1,356,630 increase) PERS 18.10% to 20.8% ($701,197 increase) All Assumptions are subject to change based on Ending Fund Balance, State Budget and Negotiations
2017-2018 Proposed Budget The 2016/2017 ending fund balance may change on these funds. The district will close the books on these funds prior to September 15, 2017. Any remaining balances will be reflected in the ending fund balance. The changes may be made at a 45 Day Revision or the 1st Interim Revision
Areas to be Addressed State Budget Changes - Trailer Bills Health & Welfare Cost Reduce district cost to county/state averages 2018-19 and 2020-21 Fiscal year are projections STRS & PERS Impact STRS Multi-Year Increase $3,962,373 PERS Multi-Year Increase $1,766,798 Declining Enrollment – Projections show a decrease in decline.