1. 2016-2017 Budget Adoption (Updated)
Revenue (Total: +/-0.0%)
No Changes
Expenses: (Total: +1.95%; $146k)
Certificated Salaries: % (budgeted estimated Step 1  3 for open HS English position; Arena Elem. 4-hr. Para step adjustment 4  5) (Total: +$5.9k)
Classified Salaries: +7.56% (Added ‘3% between steps’ impact; Mechanic step adjustment 14  5; Account. Tech. step adjustment 2 4)
(Total: +$110k)
Benefits: +1.46% (in tandem with above salary changes; PERS rate adjustment for approximately 7 employees left off of June 8 budget proposal 13.05%  13.88%) (Total: +$27.7k)
Bks/Supplies and Svcs/Ops: -0.46% (slight District Office estimated supply decrease; slight restricted supplies & services estimated decreases due to restricted classified salary increases with no change to the related restricted revenues)
(Total: -$3.2k)
Transfers Out: +1.98% (Added ‘3% between steps’ impact for those Preschool & Cafeteria employees affected) (Total: +5.5k)
*Note: the contents of this slide contain projected information, which are estimates at the time of preparation and subject to change based on future events and updates.
June 22, 2016 Board Meeting - LCAP/Budget Adoption

2. Point Arena Schools 2016-17 Budget Adoption
Projected Excess/(Deficit) Controlling for Estimated One-time Revenues & Expenses
*Note: the contents of this slide contain projected information, which are estimates at the time of preparation and subject to change based on future events and updates.
June 22, 2016 Board Meeting - LCAP/Budget Adoption

3. 2016-2017 Budget Adoption & Multi-Year Projections
Proposed
Multi-Year
Budget
Taxes
5,714,115
5,771,257
5,828,969
Charter Cash in Lieu
(581,359)
LCFF/EPA
780,977
Federal Revenue
401,650
State Revenue
572,529
536,767
451,049
Local Revenue
511,545
Transfers In
62,162
Total Revenues
7,461,619
7,482,998
7,454,993
Expenses
Cert Salaries
2,386,114
2,417,340
2,449,187
Class Salaries
1,590,034
1,626,978
1,662,452
Emp Benefits
1,970,175
2,087,949
2,175,741
Books/Supplies
447,741
502,411
520,635
Services & Ops
1,004,360
971,860
856,384
Capital Outlay
287,915
151,436 -
Other Outgo
2,285
Transfers Out
272,984
282,569
289,376
Total Expenses
7,961,608
8,040,542
7,953,775
Excess/(Deficit)
(499,988)
(557,544)
(498,783)
Beginning Fund Balance
2,557,937
2,057,949
1,500,405
Ending Fund Balance
1,001,622
Multi-Year Assumptions:
Taxes: +1% projected increase year-over-year
LCFF/EPA: – Flat
Federal: – Flat
State: – 16-17: Less One-Time Mandated-related Funds (-$88k); Plus estimated CTEIG grant 50% apportionment (+$52k); 17-18: Less no Prop39 funds estimated (-$86k).
Local: - Flat
Transfers In: Flat
Salaries: + step increase
Benefits: in tandem with salary increases plus future STRS & PERS rate increases
Books/Supplies: Plus CTEIG grant $1.5:$1 match (+$55k); Plus CTEIG grant $2:$1 match (+$73k).
Service/Ops: Less decreased NTN fee (-$7.5k); less no budgeted Prop39 consultant fees (-$25k); Less decreased NTN fee (-$100.2k); less no budgeted Ed. Effect. Exp.s (-$15.3k)
Capital Outlay: Less reduction in estimated Prop39 related exp.s (-$176k); plus est. AE painting (+$40k)
Transfers Out: Salary/benefit changes in other funds (ie. Preschool & Cafeteria)
*Note: the contents of this slide contain projected information, which are estimates at the time of preparation and subject to change based on future events and updates.
June 22, 2016 Board Meeting - LCAP/Budget Adoption

4. Projected Expenditures
Projected Revenues
Projected Expenditures
Projected Revenues = $7,461,619
Projected Expenditures = $7,961,608
*Note: the contents of this slide contain projected information, which are estimates at the time of preparation and subject to change based on future events and updates.
June 22, 2016 Board Meeting – LCAP/Budget Adoption

5. 2016-17 Budget Adoption Components of Ending Fund Balance
*Note: the contents of this slide contain projected information, which are estimates at the time of preparation and subject to change based on future events and updates.
June 22, 2016 Board Meeting - LCAP/Budget Adoption

6. June 22, 2016 Board Meeting - LCAP/Budget Adoption
*Note: the contents of this slide contain projected information, which are estimates at the time of preparation and subject to change based on future events and updates.

7. June 22, 2016 Board Meeting - LCAP/Budget Adoption
Other Considerations
Taxes: Property tax revenues may fluctuate throughout the year – we receive property tax updates from both Mendocino & Sonoma Counties at P1 (Fall), P2 (Spring), and Final (Summer).
Timing of Prop 39 funds and expenses will vary due to pending California Department of Education cash allocation timing, as well as prioritization & execution of related projects. Budgeted Prop 39 revenue and expense amounts are based on timing estimates. Some expenses may end up in other categories (ie. Materials/Supplies, Service & Operations) in addition to the current budgeted categories, Capital Outlay and Service & Operations.
Local Revenue: Typically receive higher than budgeted based on unknown one-time donations/funding at budget adoption.
*Note: the contents of this slide contain projected information, which are estimates at the time of preparation and subject to change based on future events and updates.
June 22, 2016 Board Meeting - LCAP/Budget Adoption

8. Prop 39 Funds Summary Assumptions – 2016-17 Budget Adoption
*Note: the contents of this slide contain projected information, which are estimates at the time of preparation and subject to change based on future events and updates.
June 22, 2016 Board Meeting - LCAP/Budget Adoption