1 West Contra Costa Unified School District January 4, Budget Update

2 Multi Year Projection Mid Year Trigger Estimates Unrestricted General Fund Chart in Thousands

3 Multi Year Projection –Will meet 3% reserve –Use of Special Reserve Fund $872,000 –Mid Year Trigger $1.4 million enacted Changes Reserves – but enacts actual revenue reductions –Will meet 3% reserve –Reserve for Mid-Year Triggers for will be needed –Use of Special Reserve fund $2.8 million –Will meet 3% reserve –Use of Special Reserve fund $6.6 million All years assume zero COLA due to ongoing State fiscal crisis and pending information on the Governor’s Proposed Budget

K-3 Class Size Reduction The Parcel Tax will pay $1.9 million toward the reduction of class sizes in grades K-3 If the Governor’s Budget funding levels are greater than current assumptions the funding will be added to the K-3 Class Size Reduction program – up to the $2.4 million prioritized by the Board 4

State Outlook Governors Budget will be released January 10 Governor released a letter indicating a ballot initiative in November will be a part of the budget proposal –This means uncertainty of until after the November election – Mid-Year triggers are likely 5

6 Next Steps Governor’s January Budget Analysis January 17 – Sacramento Staff will update the Board at each meeting Community Budget Meetings 6:30 – 8:00 PM DAYDATESCHOOL SITEADDRESS WednesdayJanuary Hercules High School1900 Refugio Valley Road, Hercules ThursdayJanuary 26, 2012Murphy Elementary4350 Valley View Road, Richmond TuesdayJanuary 31, 2012Helms Middle School2500 Road 20, San Pablo ThursdayFebruary 2, 2012King Elementary School4022 Florida Avenue, Richmond TuesdayFebruary 7, 2012Harding Elementary School7230 Fairmont Avenue, El Cerrito WednesdayFebruary 8, 2012Pinole Middle School1575 Mann Drive, Pinole Financial reports available on the web