1. Simi Valley Unified School District
Proposed Budget
June 27, 2017

2. Proposed Budget
School districts throughout California are required to pass their Annual Budget prior to July 1. The Proposed Annual Budget is based on information contained in the Governor’s January Proposed State Budget and the Governor’s May Revision. This Proposed Annual Budget is only a “place holder” budget. The District will be required to adopt a revised budget after the legislature has approved a State Budget and the Governor has signed the budget.

3. May Revision Funding Gap Changes
Item
January Budget
May Revision
LCFF Funding Gap
23.67%
43.97%
Proposition 98 Minimum Funding Guarantee
$68.7 Billion
$71.4 Billion
$73.5 Billion
$69.1 Billion
$71.4Billion
$74.6 Billion
COLA
1.48%
1.56%
One-Time Discretionary Funds for *
$48 per ADA*
$169 per ADA**
$147 per ADA (adopted)

4. Budget Assumptions 2017-2018 LCFF Funding - $138,821,247
LCFF Target – $143,004,389
C.O.L.A. 1.56%
Unduplicated Count Percentage 32.52%
Supplemental Funds $5,925,319
Minimum Proportionality Percentage (MPP) 4.25%
Funded ADA 16, (Based on prior year P-2)
Decrease of 209 Funding ADA (16,557) ( decrease was 542, decrease of 479)

5. Budget Assumptions Lottery - $189 per ADA Health & Welfare Increases
Unrestricted $144
Restricted $ 45
Health & Welfare Increases
Rate change is in January
Step Increase
Certificated: 1.55%
Classified: 1.13
STRS (12.58% to 14.43%): $1,293,844 increase ( % %)
PERS (13.888% to %):$412,820 increase ( % to %)

6. Budget Assumptions Budget Reductions - Personnel
Certificated Personnel
Reduction of 10.0 Teachers
Currently staffed to known enrollment.
Retirements and Temporary Contracts
Classified
Several Vacant Positions have not been filled

7. Budget Assumptions Assumptions
K-3 Class Size Reduction – 26:1
Class Size Secondary Schools Student Contacts per day
Health & Welfare – Negotiating for reduced rates with January renewal
All Assumptions are subject to change based on Ending Fund Balance, State Budget and Negotiations

8. Revenue

9. Expenditures

10. Multi-Year Projection

11. Multi-Year Assumptions
K-3 Class Size 26:1
Secondary Class Size 180 Student Contacts
Medical Benefits Savings
Reduce 10 FTE, Declining Enrollment: $927,981
STRS 14.43% to 16.28% ($1,313,899 increase)
PERS % to 18.10% ($652,781 increase)
All Assumptions are subject to change based on Ending Fund Balance, State Budget and Negotiations

12. Multi-Year Assumptions
K-3 Class Size 26:1
Secondary Class Size 180 Student Contacts
Medical Benefits Savings
Reduce 10 FTE, Declining Enrollment: $942,166
STRS 16.28% to 18.13% ($1,356,630 increase)
PERS 18.10% to 20.8% ($701,197 increase)
All Assumptions are subject to change based on Ending Fund Balance, State Budget and Negotiations

13. Proposed Budget
The 2016/2017 ending fund balance may change on these funds. The district will close the books on these funds prior to September 15, Any remaining balances will be reflected in the ending fund balance. The changes may be made at a 45 Day Revision or the 1st Interim Revision

14. Areas to be Addressed State Budget Changes - Trailer Bills
Health & Welfare Cost
Reduce district cost to county/state averages
and Fiscal year are projections
STRS & PERS Impact
STRS Multi-Year Increase $3,962,373
PERS Multi-Year Increase $1,766,798
Declining Enrollment – Projections show a decrease in decline.