1. San Gabriel Unified School District
First Interim Financial Report
As of October 31, 2011

2. Current (2011-12) and Subsequent (2012-13 and 2013-14) Year Assumptions
Revenue Assumptions:
▶ Actual
ADA 5,286.61for
5, for
5, for
▶ 0.00% Net Funded COLA for
3.10% Net Funded COLA for including categorical programs
2.80% Net Funded COLA for including
categorical programs
▶ The revenue limit deficit is percent for , and is
projected to remain the same for both and

3. Revenue Assumptions (Continued)
▶ Revenue Limit per Student (Funded)
$6,
$6,
$6,
▶ Per ADA Lottery Allocation $ for ; $ for ; and $ for
▶ Interest Estimated at 3.50% for ; 4.00% for ; 4.10% for for 10-Year Treasuries

4. Revenue Assumptions (Continued)
Cash Deferrals Timeline:
July 2011 to September 2011 (56%)
July 2011 to January 2012 (44%)
August 2011 to January 2012 (100%)
October 2011 to January 2012 (100%)
February 2012 to July 2012 (94%)
March 2012 to April 29, 2012 (39%)
March 2012 to August 2012 (61%)
April 2012 to July 2012 (20%)
April 2012 to August 2012 (68%)
May 2012 to July 2012 (37%)
May 2012 to August 2012 (47%)

5. Revenue Assumptions - Continued
▶ Class Size Reduction
Flexibility Penalties with higher class sizes are utilized for CSR in 20:1 Option 1 for Grades K-3 Districtwide for
and Flexibility goes away in
▶ Categorical Programs
Federal: , , ; Based on entitlement and carry-over from prior year ( )
State: , , ; Based on entitlement and carry-over from prior year ( )
Local: Based on Unaudited Actuals and current year awards

6. Revenues 2011-12 2011-12 Board Approved Budget First Interim Change
Revenue Limit
28,203,143
28,237,559
34,416
Federal Revenue
3,843,971
5,047,142
1,203,171
State Revenue
5,820,339
5,932,727
112,388
Local Revenue
3,795,753
4,009,779
214,026
Total
41,663,206
43,227,207
1,564,001

7. Expenditures 2011-12 Combined Restricted/Unrestricted
Board Approved Budget
First Interim
Change
Certificated Salaries
18,173,668
18,871,069
697,401
Classified Salaries
5,744,933
6,017,647
272,714
Employee Benefits
8,301,664
8,306,604
4,940
Books & Supplies
2,152,765
2,891,567
738,802
Services & Other Operating
5,649,167
6,419,597
770,430
Capital Outlay
15,000
25,000
10,000
Other Outgo
804,694
Direct Support/ Indirect Costs
(125,000)
(100,000)
TOTAL
40,716,891
43,236,178
2,519,287

8. General Fund Summary 2011-12 Board Approved Budget First Interim
Total Revenues
41,663,206
43,227,207
Total Expenditures
40,716,891
43,236,178
Excess (Deficiency) of Revenues over Expenditures
946,315
(8,971)
Beginning Balance
3,267,871
6,775,365
Ending Balance
4,214,186
6,766,394

9. Ending Balance Component
Board Approved Budget
First Interim
Nonspendable Amounts:
Revolving Cash
30,000
Stores
111,147
86,746
Legally Restricted Balance
622,913
1,511,938
Assigned Amounts:
LEA Medical
300,000
400,000
Instructional Materials
593,754
BTSA
95,436
Reserve for Revenue Limit Reduction
1,800,000
Potential Trigger Funding Reduction
1,463,529
Reserve for Economic Uncertainties
1,221,507
1,297,085
Unassigned/Unappropriated
128,619
1,287,906
TOTAL
4,214,186
6,766,394

10. Subsequent Year Projections Expense Assumptions 2012-13 and 2013-14
▶Certificated FTE Changes:
Staffing levels same as (with projected declining enrollment of 30 per year)
Loss of one-time Education Jobs Fund money
▶Employee Compensation
Step & Column increases included for and
Health & Welfare benefits: 2.5% projected increase for both and

11. General Fund Summary Projection (Combined – Restricted/Unrestricted)
Board Approved Budget
First Interim
Projected Budget
Total Revenues
41,663,206
43,227,207
41,632,898
42,270,100
Total Expenditures
40,716,891
43,236,178
41,891,458
42,305,616
Excess (Deficiency) of Revenues over Expenditures
946,315
(8,971)
(258,560)
(35,515)
Beginning Balance
3,267,871
6,775,365
6,766,394
6,507,829
Ending Balance
4,214,186
6,472,314

12. Ending Balance Component
Board Approved Budget
First Interim
Projected Budget
Reserved Amounts:
Revolving Cash
30,000
Stores
111,147
86,746
Legally Restricted Balance:
622,913
1,511,938
1,379,887
1,206,848
LEA Medical
300,000
400,000
Instructional Materials
593,754
BTSA
95,436
Reserve for RL Reduction
1,800,000
Mid-year Trigger Cut
1,463,529
Reserved for Economic Uncertainties
1,221,507
1,297,085
1,201,730
1,326,802
Unappropriated
128,619
1,287,906
TOTAL
4,214,186
6,766,394
6,507,829
6,472,314

13. Contingency Plan should District implement mid-year cuts/triggers ($1,463,529)
$1,287,906
$ 100,000
$ ,623
$ ,000
1. Eliminate Unappropriated dollars
2. Delay maintenance projects currently budgeted in Unrestricted, General Fund Resources
3. Reduce SLIBG Site Allocations
4. Reduce Unrestricted Supplies Budget districtwide by 5%