BOARD OF TRUSTEES: Douglas A. Bryce · Paul De La Cerda ∙ Rose Koscielny · Judy Egan Umeck SUPERINTENDENT: Joan M. Lucid, ED.D. RESPECT | INTEGRITY | LEARNING | TEAMWORK | ENTHUSIASM SAUGUS Union School District Excellence in Elementary Education Avenue Stanford, Santa Clarita, California Phone: / Budget Adoption FY June 17, 2014

E XCELLENCE IN E LEMENTARY E DUCATION Introduction: ▪ The Governor’s May Revision * The May Revision acknowledges an additional increase of $2.4B in state revenues compared to January’s projection. However, there is no new money on the table. Because…. Medical-Cal coverage for more Californians Creation of a rainy day fund for the state * California State Teachers’ Retirement System Funding (CalSTRS) ▪ The Budget Process (Governor’s Proposal vs. Legislature’s) * The budget has passed and now has moved to the Governor’s office. The changes are: Deferrals, Mandates, Increased Local Control Funding Formula, & Local Reserves ▪ Local Control & Accountability Plan (LCAP) * Description of how the supplemental grant dollars are being used to support increased/improved services to the eligible students * Description of how the District meets the proportionality requirement

E XCELLENCE IN E LEMENTARY E DUCATION Local Control Funding Formula (LCFF) How does the LCFF apply to SUSD (FY )? ▪ Establishing a same Base Grant by grade span for all school districts (K-3: $7,011; 4-6: $7,116) ▪Additional K-3 (old CSR): 729/per ADA (As a result, K-3: $7,740) ▪Targeted supplemental funding (unduplicated of English learners, economically disadvantaged students & foster youth) based on fixed percentages of the base grant amounts (SUSD: about 27%) ▪Transportation & Targeted Instructional Improvement Grant (TIIG) ▪Determining LCFF target grants for ▪Closing the gap between funding levels and LCFF full implementation targets by 28.05% (True funding for ) Base Grant 68,519,781 Grade Span Adjustment (old K-3) 3,909,794 Supplement Grant 4,044,467 Transportation & TIIG (Add-on) 820,262 Total Target 77,294,305 Prior year 58,862,553 Difference (14/15 vs. 13/14) 18,431,752 Gap Funding: 28.05% 5,170,107 LCFF Funding 64,032,660

E XCELLENCE IN E LEMENTARY E DUCATION Gap Funding & Proportionality 4,044,467Target funding for students in full implementation in the LCAP year (550,616)$ spent on students in need in the prior year 3,493,851The gap between the target and the prior year spending x 28.05%Funding gap for ,025 Estimated increase in funding for students in need in proportion to the state's progress in funding LCFF 550,616Prior year spending 1,530,641Estimated funding for students in need 64,032,660Total LCFF funding (1,530,641)Estimated funding for students in need 62,502,019Estimated base funding (LCFF-Supplemental) 1,530,641/62,502,019=2.45 %Min. proportionality % Resource codes are created to track & report activities & expenditure which are used to increased & improved services)

E XCELLENCE IN E LEMENTARY E DUCATION CalSTRS Plan (Unanticipated); CalPERS (Anticipated) Employer Contribution Rate fiscal year CalSTRS8.25%9.5%11.1%12.7%14.3%15.9%17.5%19.1% Legislature's8.25%8.88%10.73%12.58%14.43%16.28%18.13%19.10% PERS11.417%13.3%14.6%15.9%17.3%18.9%??

E XCELLENCE IN E LEMENTARY E DUCATION Budget Assumptions: FY 13-14FY 14-15FY 15-16FY Enrollment 10,013 9,850 9,845 P2-ADA (Projected) 9,708 9,555 9,550 Funded ADA 9,868 9,708 9,555 9,550 GE. FTEs (IHS is included) Sp. Ed RA(Sp. Ed) Site Admin * (additional 1 FTE will be funded by SELPA)2122 TK, K, , ,5,631 Board Election 200,000 Site Allocation ($75/Pr yr CalPads)75 Custodial Allocation (Supplies-per CalPad)10 20 Rate increasing for CalSTRS & CalPERS

E XCELLENCE IN E LEMENTARY E DUCATION Total General Fund Revenues for FY :$77,761,509

E XCELLENCE IN E LEMENTARY E DUCATION Total General Fund Expenditures for FY : $83,311,766

E XCELLENCE IN E LEMENTARY E DUCATION Unrestricted General Fund (FY , 14-15, 15-16, 16-17) LCFF 59,704,897 64,032,660 67,583,877 69,859,782 Other State 1,666,205 1,537,924 1,538,451 1,539,041 Local 232, , , ,629 Transfer In * 1,135, , ,340 1,437,340 Contribution (7,321,848) (9,984,202) (11,926,458) (12,388,000) Total Unrestricted Revenues 55,417,037 56,169,148 58,506,156 60,823,792 Total Exp. 56,885,909 58,905,469 59,732,639 60,766,384 Net (1,468,872) (2,736,321) (1,226,483) 57,408 Beginning Bal 8,048,973 6,580,101 3,843,780 2,617,297 Ending Balance 6,580,101 3,843,780 2,617,297 2,674,705 Store/Revolving Cash 92,500 Carryover (Sites) 961,183 Reserve 2,310,885 2,501,603 2,500,925 2,550,352 Unassigned 3,215,533 1,249,677 23,872 31,853

E XCELLENCE IN E LEMENTARY E DUCATION Transfer In from Other Funds to Meet the Reserve Requirement at 3% FY : The requirement is met. FY : We are short about $730K. We tap into Fund 17 to meet the requirement. FY : We will be short about $1.2M. We will zero out Fund 17 and tap into Fund 14 (Deferred Maintenance Fund) by $773K. One-time money to support on-going operation needs is not sustainable and is not a solution.

E XCELLENCE IN E LEMENTARY E DUCATION Other Funds: FY Beg. BalRevExpEnd Bal Sp. Ed. Pass Through (Fund 10) 153,011 28,156, ,011 Child Development (Fund 12) 27, , ,174 25,369 Deferred Maintenance (Fund 14) 2,347,710 9, ,000 1,569,526 Sp. Res. (Non Capital Fund 17) 1,425,998 8,536 12,000 1,422,534 Building (Fund 20-Old GO Bond) 2,229,350 13, ,244 2,072,483 Capital Facility (Fund 25) 7,647, ,156 26,000 8,201,958 Sp. Res-Capital (Fund 40) 20,828,516 20,828 2,153,070 18,696,274 Capital Proj (Fund 49)-CFD 10,080,944 41, ,000 9,521,944 Bond Int. & Redemption (Fund 51) 5,122,818 5,645,311 5,646,496 5,121,633 Debt Service (Fund 52)-CFD Taxes 17,655,483 6,463,584 6,813,469 17,305,598 Other Enterprise (Child Care, Fund 63)* 5,038,260 5,091,771 (53,511) * The beginning and ending Bal represent CASH balance.

E XCELLENCE IN E LEMENTARY E DUCATION Final Notes: ▪ Understanding our own characteristics of the budget (Fiscal Solvency issues) ▪ District’s Budget Adoption ▪ Enacting the State Budget ▪ Closing the books for ▪ 45-Day Budget Revision