1. Jefferson School District 2010-11 First Interim
December 14, 2010

2. Revenue Assumptions Updates our financial info since 2010-11 Budget
Revenue changes include:
Additional Revenue Limit income of $573,456
Rescinded the proposed per ADA reduction we planned for at budget
Removed “fully funded” negative 0.39% Cost of Living Adjustment – additional revenue of $16,056 ongoing
Included Education Jobs Fund revenue (Resource 3205) of $450,312
Budgeted additional ADA of 39 – increased enrollment and change in attendance forecast (less flu this year vs. last)

3. Expense Assumptions Expense changes include:
Use Education Jobs Funds (Resource 3205) one time in 10/11 to offset certificated expenses in the Unrestricted General Fund (Resource 0000) $450,312
Use Remaining ARRA SFSF Funds (Resource 3200) one time to offset general fund expenses $127,110
Budget for three additional teachers in 12/13 to plan for change in Class Size Reduction flexibility $195,000

4. Expense Assumptions (continued)
Step & Column of 2.4% for Certificated and 1.1% for Classified each year
Consumer Price Index adjustment of 1.8% in 11/12 & 2.1% in 12/13
No changes to salaries or benefits in any year. No Cost of Living Adjustment (COLA) in any year.
Increase budget for utilities 5% in 11/12 & 12/13.
Increase Special Ed. transportation budget 10% in 11/12 & 12/13

5. Additional Changes
As recommended by San Joaquin County Office of Education, we are reserving the new RL income ($573,456) each year.
More info in January when new Governor reveals budget information

6. Multi-Year Projection