1. Bonita Unified School District
Preliminary Budget
June 14, 2017

2. Budget Assumptions 2017-2018 2018-2019 2019-2020 Enrollment 10,255
10,265
10,275
ADA
9,907
9,916
9,926
Unduplicated Count
3,836
3,819
GAP % Funding
43.97%
71.53%
73.51%
COLA
1.56%
2.15%
2.35%
Consumer Price Index
3.11%
3.19%
2.86%
Lottery:
Unrestricted
Restricted
$144
$45
Gap % - Percent of Target Funded 97%

3. General Fund Budget

4. 2017-2018 General Fund Revenue Budget
Unrestricted
(in millions)
Restricted
Total
Local Control Funding Formula
$85.0 $0
Federal Revenue $3
State Revenue
$1.8
$1.7
$3.5
Local Revenue
$.5 $9
$9.5
Contribution to Restricted Programs
($10.4)
$10.4
Total Revenues
$76.9
$24.1
$101

6. 2017-2018 General Fund Expenditure Budget
Unrestricted
(in millions)
Restricted
Total
Certificated Salaries
$41.5
$8.7
$50.2
Classified Salaries
$11.9
$3.7
$15.6
Benefits
$16.6
$4.1
$20.7
Books and Supplies
$.4
Services & Other Operating Costs $6
$4.3
$10.3
Capital Outlay, Debt Service &
Indirect Costs
$1.2
$2.5
Total Expenditures
$80.9
$23.8
$104.7

8. General Fund Estimated Actuals for 2016-2017(in millions)
Unrestricted
Restricted
Total
Total Revenues
$80.2
$23.4
$103.6
Total Expenditures
$80.7
$36
$116.7
Excess (Deficit) of Revenues over Expenditures
($0.5)
($12.6)
($13.1)
Beginning Fund Balance
$17.7
$13.2
$30.9
Estimated Ending Fund Balance
$17.2
$.6
$17.8

9. 2017-2018 General Fund Ending Balances (in millions)
Unrestricted
Restricted
Total
Total Revenues
$76.9
$24.1
$101
Total Expenditures
$80.9
$23.8
$104.7
Excess (Deficit) of Revenues over Expenditures
($4)
$.3
($3.7)
Beginning Fund Balance
$17.2
$.6
$17.8
Ending Fund Balance
$13.2
$.9
$14.1

10. Other Funds

11. Child Dev.
Fund 12
Cafeteria
Fund 13
Building Fund
Fund 21
Capital
Facilities
Fund 25
Special Reserves
Fund 40
Projects
Fund 49
Revenues
$2,806,693
$2,525,200
$100,000
$305,000
$1,250
$809,000
Expenditures
($2,761,760)
($2,431,515)
($17,998,101)
($300,000)
($150,000)
($1,193,860)
Excess (Deficiency)
$44,933
$93,685
($17,898,101)
$5,000
($148,750)
($384,860)
Estimated
Beginning Balance
$68,869
$114,593
$18,099,753
$1,922,115
$316,878
$2,723,914
Ending Balances
$113,802
$208,278
$201,652
$1,927,115
$168,128
$2,339,054

12. Multi-Year Projections

13. General Fund Ending Balances (in millions)
Total Revenues
$104.5
$107.2
Total Expenditures
($107)
($108.9)
Excess (Deficit) of Revenues over Expenditures
($2.5)
($1.7)
Estimated Beginning Fund Balance
$14.1
$11.5
Ending Fund Balance
$11.6
$9.8

14. Analysis of Ending Fund Balance

15. Analysis of Ending Fund Balances
Non-Spendable:
Revolving Cash & Inventory
$136,500
Restricted
$861,126
$1,165,140
$1,416,787
Assigned Ending Fund Balance
$ 500,000
3% Minimum Reserve
$ 3,139,884
$ 3,209,674
$ 3,268,364
Unassigned Ending Fund Balance
$ 9,451,203
$ 6,542,490
$ 4,523,113
Total Estimated Ending Fund Balance
$ 14,088,713
$ 11,553,804
$ 9,844,764
Reserve over 3%, Non-Spendable & Restricted
$ 9,541,234
$ 8,344,130
$ 6,576,400
Potential Uses of Reserves
Textbooks, Technology, Facility Needs, OPEB
6% Maximum Cap on District Reserves
$ 6,279,768
$ 6,419,348
$6,536,725
Reserve over 6%
$ 7,808,945
$ 5,908,832
$3,308,039
Triggered: proposition 98 funded on test 1; full funding for enrollment growth and COLA; Capital gains exceeds 8% of total state general fund revenues; full repayment of Proposition 98 Maintenance factor as it existed in June 2014
Test one, used only for 1988 to 1989, requires spending on education to make up 39% of the state budget. Test 2, used in years of strong economic growth, requires spending on education to equal the previous years spending plus per capita growth and student enrollment adjustment. Test 3, used in years of weak economic growth guarantees prior years spending plus adjustment for enrollment growth, increases for any changes in per capita general fund revenues, and an increase by 0.5 percent in state general funds.

16. Next Steps
Present final Budget at June 28, 2017 board meeting
Bring back revisions with 45 days of State of California budget adoption