Cambrian School District Adopted Budget June 20, 2012 Presented by: Don Fox Interim Chief Financial Officer

Adopted Budget ● The School Board is required to adopt the budget prior to July 1, ● The information used to develop and prepare the budget includes the most current information provided from the Governor’s May Revision. 1

Key Budget Assumptions ● Following are key budget assumptions for : ADA3, COLA1.565% Deficit22.272% Step and ColumnActual Health and Welfare$13,476 (cap) Staffing/Salary Adjustments Incorporated in budget based on Board Action Local Control Funding Formula Not Incorporated 2

General Fund Revenues 3 Revenue Limit$ Federal.921 Other State3.842 Other Local2.239 Total Revenues$ General Fund Sources (In Millions)

General Fund Expenditures 4

General Fund Expenditures (In Millions) Certificated Salaries$ Classified Salaries3.251 Employee Benefits4.632 Books and Supplies1.546 Services & Other Operating2.918 Capital/Other0.0 Total Expenditures

General Fund Revenues and Expenses – Adopted Budget: General Fund Revenues and Expenses— Categories Budget UnrestrictedRestrictedTotal Revenues Revenue Limit$16,751,599$825,826$17,577,425 Federal$0$920,933 Other State$3,494,005$348,160$3,842,165 Local$1,774,916$463,795$2,238,711 Total Revenues$22,020,050$2,558,714$24,579,234 Expenditures Certificated Salaries$11,521,284$2,339,121$13,860,405 Classified Salaries$2,195,015$1,056,027$3,251,042 Employee Benefits$3,763,523$868,569$4,632,092 Books and Supplies$1,362,098$183,972$1,546,070 Contracted Services$1,529,230$1,388,710$2,917,940 Capital Outlay$0 Other Outgo$0 Total Expenditures$20,371,150$5,836,399$26,207,549 Excess/(Deficiency) Revenues & Expenditures$1,649,370-$3,277,685-$1,628,315 Transfers In/(Out)$0 Contributions-$3,272,389$3,272,389$0 Total Other Sources/Uses-$3,272,389$3,272,389$0 Net Increase/Decrease to Fund Balance-$1,623,019-$5,296-$1,628,315 Beginning Balance$8,704,182$250,764$9,044,946 Ending Balance$7,081,163$245,468$7,326,631 6

Budget Book ● A “user-friendly” budget book including narrative descriptions and graphs is available to the public for review ● The state-required documents have been available for review by the public as required 7

Next Steps ● The District’s budget will be sent to the County Office of Education (COE) for review ● The COE will provide the Governing Board president and District staff its opinion of the Adopted Budget once it has concluded its review- usually in late July or early August ● Once the State Budget is adopted, the District revises its adopted budget 8

Questions?