1. TWIN RIVERS UNIFIED 2012/13 ADOPTED BUDGET Presented to the Board of Trustees June 26, 2012

2. 2012/13 GENERAL FUND

3. 2012/13 GENERAL FUND REVENUES

4. 2012/13 REVENUE LIMIT ADA vs P2 ADA – K/12

5. 2012-13 Revenue Limit 3.24% Cost of Living Adjustment Apply 2012-13 deficit of 22.272% to our undeficited 2012-13 revenue limit (RL) per ADA Twin Rivers USD Loss of $1,680 per ADA $1,680 x 23,394 ADA = $39,301,920 loss of revenue 2012-13 Revenue Limit Funding Deficit Factor Reduction $1,680 (22.272%) $7,543 $5,863 Funded RL = $7,543 – ($7,543 x 0.22272) = $7,543 – $1,680 = $5,863

6. 2012/13 P2 ADA - Charter

7. FEDERAL REVENUE: – One-time funding eliminated – 10% reduction to Title I and 20% reduction to Title II, Teacher Quality – Deferred revenue: Estimated at $11 million Only $837 thousand is reflected in the Adopted Budget Remainder will be budgeted at First Interim once the actuals are known REVENUES

8. REVENUES - Continued STATE REVENUE: – Economic Impact Aid (EIA) reduced 10% – School Library Improvement Block Grant (SLIBG) reduced 5% – Home-to-School Transportation and Class Size Reduction (CSR) remain the same as prior year – No Mandated Cost – One-time funding eliminated – Lottery per student rate is $141.75 – SBx3 4 Flexibility of Tier III programs is $9 million LOCAL REVENUE: – Interest Income – One-time funding eliminated – State Special Ed – no COLA or cut from SELPA

9. 2012/13 GENERAL FUND EXPENDITURES

10. CERTIFICATED SALARIES: – Current position control – Unrestricted vs. restricted CLASSIFIED SALARIES: – Current position control – Unrestricted vs. restricted 2011/2012 CATEGORICAL CARRYOVER – Not included LUMPSUM – $35.61 elementary, $70.74 junior high, $141.14 high school RRMA @ 2.16% CONTRIBUTIONS – Transportation – Special Education – Community Day School EXPENDITURES

11. Other Funds Adult Education Fund Child Development Fund Cafeteria Fund Deferred Maintenance Fund Special Reserve Fund for Other Than Capital Outlay Projects Special Reserve Fund for Post- Employment Building Fund Capital Facilities Fund-Developer Fees Special Reserve Fund for Capital Outlay Projects Other Enterprise Fund Retiree Benefit Fund Summary of the Other Funds revenues and expenditures

12. 2013/14 GENERAL FUND - PROJECTIONS

13. 2014/15 GENERAL FUND – PROJECTONS

14. SACS BUDGET FORMS Budget Certification Average Daily Attendance Revenue Limit Summary Cash Flow Projection Multi Year Projections – General Fund Summary of Interfund Activities Current Expense Formula/Minimum Classroom Compensation Schedule of Capital Assets – 2011/12 Schedule of Long-Term Liabilities – 2011/12 Other Funds Criteria and Standards

15. NEXT STEPS Staff will present a budget revision to the Board within 45 days of the State adopting their 2012/13 Budget. Any questions?