1. Tina Douglas Assistant Superintendent, Business Services
FIRST INTERIM REPORT (FINANCIAL INFORMATION AS OF OCTOBER 31, 2015) DECEMBER 8, 2015
Tina Douglas
Assistant Superintendent, Business Services

2. 2015–16 First Interim Report – Positive Certification
TONIGHT’S GOALS
2015–16 First Interim Report – Positive Certification
Major Changes Since Budget Adoption
Process/Next Steps 2

3. REVENUE ADJUSTMENTS – 2015-16
MAJOR CHANGES - REVENUE
REVENUE ADJUSTMENTS –
$ (in millions)
Reduction in GAP Funding Projection from 53.08% to 51.52% (DOF Projection)
($1.3 million)
One-Time Revenues ($529.29/ADA)
$27.0 million
Career Pathways Grant
$6.0 million 3

4. MAJOR CHANGES - EXPENDITURES
EXPENDITURE ADJUSTMENTS –
$ (in millions)
STRS rate increase
$0.4 million
PERS rate increase
$0.3 million
Ongoing and Major Maintenance (RRMA restored to 3%)
$0.95 million
Special Education staffing (low-incident caseloads) increase
$0.2 million
Anticipated costs for Affordable Care Act and AB1522 (Sick Leave)
$2.5 million
Health and Welfare Costs Adjustment
($0.5 million) 4

5. 2015-16 MULTI-YEAR PROJECTION ASSUMPTIONS
1ST Interim Budget Assumptions
LCFF GAP Funding Rate
51.52%
35.00%
Enrollment Adjustment
(1,214)
(1,000)
(250)
STRS
10.73%
12.58%
14.43%
PERS
11.847%
13.05%
16.60%
HEALTH & WELFARE BENEFITS
6.00%
8.00%
15/16 Adopted Budget was 53.08% 5

6. MYP GENERAL FUND 1ST Interim Budget 2015-16 2016-17 2017-18
REVENUE
$652,926,848
$630,754,259
$641,051,355
EXPENDITURES
$605,909,388
$593,490,505
$606,587,375
OTHER FINANCING SOURCES/USES
($8,895,813)
($8,953,364)
($8,983,278)
NET INCREASE/DECREASE (DEFICIT SPENDING)
$38,121,647
$28,310,390
$25,480,702
BEGINNING BALANCE
$50,320,511
$88,442,158
$116,752,547
(DEFICIT SPENDING) / SURPLUS
$28,310,389
ENDING BALANCE
$142,233,249
COMPONENTS OF ENDING BALANCE:
NON SPENDABLE
$1,170,000
RESTRICTED BALANCE
$10,354,363
$9,419,251
$7,263,692
COMMITTED BALANCE
$7,547,581
$7,547,582
OTHER ASSIGNMENTS
$57,074,110
$86,566,837
$113,940,563
ECONOMIC UNCERTAINTIES
$12,296,104
$12,048,877
$12,311,413
Non-spendable = revolving cash and stores 6

7. NEXT STEPS – Budget January 2016 March 2016 May 2016 June 2016
LCAP and Budget Adoption
May 2016
LCAP Update to the Board
March 2016
LCAP Update to the Board and Second Interim Report
January 2016
Governor’s January Budget Proposal
Next Steps – 2nd Interim Budget Report
The Governor’s January Budget Proposal will be released January 9, 2015
revenue projections will be adjusted based on the Governor’s Budget Proposal
Multi-year projections will be adjusted based on staffing and operational needs as well as Board priorities
LCAP Community Meetings will provide direction for budget priorities 7

8. THANK YOU 8