Bonita Unified School District Preliminary Budget 2017-2018 June 14, 2017

Budget Assumptions 2017-2018 2018-2019 2019-2020 Enrollment 10,255 10,265 10,275 ADA 9,907 9,916 9,926 Unduplicated Count 3,836 3,819 GAP % Funding 43.97% 71.53% 73.51% COLA 1.56% 2.15% 2.35% Consumer Price Index 3.11% 3.19% 2.86% Lottery: Unrestricted Restricted $144 $45 Gap % - Percent of Target Funded 97%

2017-2018 General Fund Budget

2017-2018 General Fund Revenue Budget Unrestricted (in millions) Restricted Total Local Control Funding Formula $85.0 $0 Federal Revenue $3 State Revenue $1.8 $1.7 $3.5 Local Revenue $.5 $9 $9.5 Contribution to Restricted Programs ($10.4) $10.4 Total Revenues $76.9 $24.1 $101

2017-2018 General Fund Expenditure Budget Unrestricted (in millions) Restricted Total Certificated Salaries $41.5 $8.7 $50.2 Classified Salaries $11.9 $3.7 $15.6 Benefits $16.6 $4.1 $20.7 Books and Supplies $.4 Services & Other Operating Costs $6 $4.3 $10.3 Capital Outlay, Debt Service & Indirect Costs $1.2 $2.5 Total Expenditures $80.9 $23.8 $104.7

General Fund Estimated Actuals for 2016-2017(in millions) Unrestricted Restricted Total Total Revenues $80.2 $23.4 $103.6 Total Expenditures $80.7 $36 $116.7 Excess (Deficit) of Revenues over Expenditures ($0.5) ($12.6) ($13.1) Beginning Fund Balance $17.7 $13.2 $30.9 Estimated Ending Fund Balance $17.2 $.6 $17.8

2017-2018 General Fund Ending Balances (in millions) Unrestricted Restricted Total Total Revenues $76.9 $24.1 $101 Total Expenditures $80.9 $23.8 $104.7 Excess (Deficit) of Revenues over Expenditures ($4) $.3 ($3.7) Beginning Fund Balance $17.2 $.6 $17.8 Ending Fund Balance $13.2 $.9 $14.1

Other Funds

Child Dev. Fund 12 Cafeteria Fund 13 Building Fund Fund 21 Capital Facilities Fund 25 Special Reserves Fund 40 Projects Fund 49 Revenues $2,806,693 $2,525,200 $100,000 $305,000 $1,250 $809,000 Expenditures ($2,761,760) ($2,431,515) ($17,998,101) ($300,000) ($150,000) ($1,193,860) Excess (Deficiency) $44,933 $93,685 ($17,898,101) $5,000 ($148,750) ($384,860) Estimated Beginning Balance $68,869 $114,593 $18,099,753 $1,922,115 $316,878 $2,723,914 Ending Balances $113,802 $208,278 $201,652 $1,927,115 $168,128 $2,339,054

Multi-Year Projections

General Fund Ending Balances (in millions) 2018-2019 2019-2020 Total Revenues $104.5 $107.2 Total Expenditures ($107) ($108.9) Excess (Deficit) of Revenues over Expenditures ($2.5) ($1.7) Estimated Beginning Fund Balance $14.1 $11.5 Ending Fund Balance $11.6 $9.8

Analysis of Ending Fund Balance

Analysis of Ending Fund Balances 2017-2018 2018-2019 2019-2020 Non-Spendable: Revolving Cash & Inventory $136,500 Restricted $861,126 $1,165,140 $1,416,787 Assigned Ending Fund Balance $ 500,000 3% Minimum Reserve $ 3,139,884 $ 3,209,674 $ 3,268,364 Unassigned Ending Fund Balance $ 9,451,203 $ 6,542,490 $ 4,523,113 Total Estimated Ending Fund Balance $ 14,088,713 $ 11,553,804 $ 9,844,764 Reserve over 3%, Non-Spendable & Restricted $ 9,541,234 $ 8,344,130 $ 6,576,400 Potential Uses of Reserves Textbooks, Technology, Facility Needs, OPEB 6% Maximum Cap on District Reserves $ 6,279,768 $ 6,419,348 $6,536,725 Reserve over 6% $ 7,808,945 $ 5,908,832 $3,308,039 Triggered: proposition 98 funded on test 1; full funding for enrollment growth and COLA; Capital gains exceeds 8% of total state general fund revenues; full repayment of Proposition 98 Maintenance factor as it existed in June 2014 Test one, used only for 1988 to 1989, requires spending on education to make up 39% of the state budget. Test 2, used in years of strong economic growth, requires spending on education to equal the previous years spending plus per capita growth and student enrollment adjustment. Test 3, used in years of weak economic growth guarantees prior years spending plus adjustment for enrollment growth, increases for any changes in per capita general fund revenues, and an increase by 0.5 percent in state general funds.

Next Steps Present final 2017-2018 Budget at June 28, 2017 board meeting Bring back revisions with 45 days of State of California budget adoption