1. Buckeye Union School District
FIRST INTERIM REPORT
December 12, 2018 .

2. FIRST INTERIM REPORT One of three annual financial reports
Reports financial results and projections
Key to determining District’s fiscal viability
Components of the Report:

3. Budget
At First Interim, District updates current year budget to most recent data
Material changes:
Increase in LCFF base grants;
Decrease in one-time Mandate Reimbursement revenues; and
Low Performing Student Block Grant

4. Adjustments to First Interim Budget
District budget is updated to reflect most current information regarding:
Beginning fund balances/carryovers;
Enrollment;
Changes to LCFF;
Categorical revenues
and expenses;
Other income accounts;
General Fund contributions;
Salaries and benefits (actual positions, step and column); and
All other expenditure accounts

5. 2018-19 Revised Budget UNRESTRICTED:
Adopted Budget: $35,069,133
First Interim Budget: $35,114,610
CHANGE: $ ,477
RESTRICTED:
Adopted Budget: $10,086,676
First Interim Budget: $10,603,859
CHANGE: $ ,183
TOTAL BUDGET REVISIONS: $ ,661

6. UNRESTRICTED GENERAL FUND REVENUE - ADJUSTMENTS
Revised Budget
UNRESTRICTED GENERAL FUND REVENUE - ADJUSTMENTS
LCFF Revenue
$672,686
Reflects recalculation of LCFF Entitlement based on increased base grants and enrollment
Federal
No Adjustment
Other State
($416,055)
Reflects recalculation of budgeted one-time discretionary funds
Local Revenues
Contributions to Restricted Programs
($211,154)
Increased General Fund support and reallocated to restricted revenue
TOTAL
$45,477

7. RESTRICTED GENERAL FUND REVENUE - ADJUSTMENTS
Revised Budget
RESTRICTED GENERAL FUND REVENUE - ADJUSTMENTS
LCFF Revenue
No Adjustment
Federal
($46,590)
Reflects recalculation of Title I, II, III and IV entitlements
Other State
$352,619
Reflects adjustment for Low Performing Student Block Grant and Prop 20 Lottery
Local Revenue
Contributions to Restricted Programs
$211,154
Increased General Fund support and reallocated to restricted revenue
TOTAL
$517,183

8. MULTI-YEAR COMBINED REVENUE PROJECTIONS
Revised Budget
MULTI-YEAR COMBINED REVENUE PROJECTIONS
Description
Combined
LCFF Revenue
Federal Revenues
Other State Revenues
Other Local Revenues
$38,842,897
$812,364
$3,953,863
$2,109,345
$39,261,302
$901,985
$2,724,615
$2,152,111
$40,197,427
$2,106,470
TOTAL
$45,718,469
$45,040,013
$45,930,497

9. 2018-19 Revised Budget UNRESTRICTED EXPENSES:
Adopted Budget: $34,074,867
First Interim Budget: $35,527,779
CHANGE: $1,452,912
RESTRICTED EXPENSES:
Adopted Budget: $10,086,676
First Interim Budget: $11,796,494
CHANGE: $ 1,192,635
TOTAL BUDGET REVISIONS: $2,600,070

10. UNRESTRICTED GENERAL FUND EXPENSES - ADJUSTMENTS
Revised Budget
UNRESTRICTED GENERAL FUND EXPENSES - ADJUSTMENTS
Certificated Salaries
($34,584)
Alignment of Budget; Certificated Staffing Adjustment in Position Control Since May
Classified Salaries
$30,992
Alignment of Budget; Classified Staffing Adjustment in Position Control Since May
Benefits
$10,400
Adjustment in Benefits based on use trends and changes in position control since May
Books & Supplies
$1,599,495
Posting of Site carryover/SLBG/ Technology/CCSS Curriculum
Operating Exp. -
Capital Outlay
Other Outgo
($153,392)
Posting of Deferred Maintenance Contribution
TOTAL
$1,452,912

11. RESTRICTED GENERAL FUND EXPENSES – ADJUSTMENT
Revised Budget
RESTRICTED GENERAL FUND EXPENSES – ADJUSTMENT
Certificated Salaries
$63,534
Alignment of Budget; Certificated Staffing Adjustment in Position Control Since May
Classified Salaries
$54,214
Alignment of Budget; Classified Staffing Adjustment in Position Control Since May
Benefits
$14,596
Adjustment in Benefits based on adjustments in staffing
Books & Supplies
$1,425,498
Posting of Site carryover/SLBG/ Technology/CCSS Curriculum
Operating Exp.
($3,024)
Reallocation of Site carryover
Capital Outlay -
Other Outgo
$155,000
Adjustment of Special Program costs to align with Purchase Orders Since May
TOTAL
$1,709,818

12. MULTI-YEAR COMBINED EXPENSES PROJECTIONS
Revised Budget
MULTI-YEAR COMBINED EXPENSES PROJECTIONS
Description
Combined
Certificated Salaries
$20,111,801
$20,311,801
$20,108,956
Classified Salaries
$6,948,992
$7,048,992
$7,004,611
Employee Benefits (H&W; Taxes; STRS/PERS)
$10,825,469
$11,486,301
$11,896,381
Books and Supplies
$5,747,380
$2,516,035
$2,532,920
Other Operating Expenditures
$3,116,208
$3,284,232
$3,349,285
Capital Outlay
$50,298
$75,000
Other Outgo
$524,125
$461,043
TOTAL
$47,324,273
$45,221,784
$45,428,196

13. 2018-19 Revised Budget DISTRICT CERTIFICATION:
Ending Fund Balance projected above the required 4% reserve as of June 30, 2021
The District is certifying “Positive”
A positive certification indicates that the District will be able to meet is financial obligations for the current and subsequent two fiscal years

14. NEXT STEPS First Interim Report filed with EDCOE for review;
Governor releases his projected State Budget – January;
LCAP development;
Second Interim – March; and
P-2 ADA

15. THANK YOU FOR ATTENDING
Questions?
THANK YOU FOR ATTENDING
QUESTIONS?