MDUSD Proposed Budget 2009-10

Report
MDUSD
Proposed Budget
Bryan Richards
Director of Fiscal Services
June 30, 2009
In our last episode…,
► Governor
blew the tires off of the bus by
slashing transportation funding 65%
► Decimated School Districts begin piecing
together how to react to a devastating
17.967% deficit factor
► State Controller John Chiang
indicated the State could run out
of cash by July 28
And tonight…,
► Legislature
passes parts of amended budget
package including education without 2/3
majority
► Governor threatens veto on all bills without
2/3 majority
► All sides appear to have dug in their heels
► Chiang says State will start issuing
registered warrants (funny money)
on Thursday July 2 without budget.
What the cut looks like
MDUSD Revenue Limit Funding per ADA
7,500
6,965
Dollars $ per ADA
7,000
6,755
6,370
6,500
6,428
6,583
6,109
Revenue Limit
6,000
5,714
5,528
5,500
5,000
5,411
5,225
5,273
5,400
5,541
5,125
5,079
4,500
2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14
Year
2nd May Revise
How much have we lost?
► $698.16
per ADA shortfall in 2008/09 =
$23,260,031
► $1,144.54 per ADA shortfall in 2009/10 =
$37,933,798 + $1,832,000 trans = $39.8M
► $1,154.96 per ADA shortfall in 2010/11 =
$38,064,560 + $1,832,000 = $39.9M
► $1,182.81 per ADA shortfall in 2011/12 =
$38,771,991 + $1,832,000 = $40.6M
► Total in 4 years = $143,526,380
► Grows over $41,300,000 per year thereafter
Unrestricted General Fund Revenues
► Revenue
Limit Sources
$ 169,680,193
► Federal Revenue
225,054
► Other State Revenue
27,789,772
► Other Local Revenue
1,531,495
► Total Revenue
199,226,514
► Less: Net Contrib. to RGF
(44,444,290)
► Net Available Revenue
$ 154,782,224
Mt. Diablo Unified School District
Unrestricted General Fund Revenues Before Contributions
2009-10 Total = $199,226,514
Federal Revenue
0.1%
State Revenue
13.9%
Local Revenue
0.8%
Revenue Limit
Contributed to
Restricted
22.3%
Revenue Limit
62.9%
Unrestricted Expenditures
► Certificated
Salaries
► Classified Salaries
► Employee Benefits
► Books & Supplies
► Services & Operating
► Capital Outlay
► Other Outgo
► Interfund Transfers Out
► Total Expenditures
► Less: Indirect Cost Xfrs In
► Net Expenditures
$ 91,336,704
20,648,127
31,988,187
5,131,265
495,581
137,720
929,381
6,409,846
157,076,811
(4,460,130)
$152,616,681
Mt. Diablo Unified School District
Unrestricted General Fund Expenditures and Transfers Out
2009-10 Total = $157,076,811
Certificated
Salaries
58.15%
Interfund
Transfers Out
4.08%
Books and
Services &
Supplies
Operating
Other outgo
3.27%
0.32%
0.54%
Capital Outlay
0.09%
Classified Salaries
13.15%
Employee
Benefits
20.36%
Unrestricted Bottom Line
► Net
Available Revenue
$ 154,782,224
► Net Expenditures
152,616,681
► Net (decrease) fund bal.
2,165,543
► Beginning Balance, July 1
5,061,119
► Projected Ending Balance $ 7,226,662
Components of Ending Balance
► Revolving
Cash
$
300,000
► Stores Inventory
250,000
► Economic Uncertainties (2%)
5,472,456
► Undesignated Balance
1,204,206
► Ending Balance
$ 7,226,662
Restricted Revenue
►Revenue
Limit Sources
►Federal Revenue
►Other State Revenue
►Other Local Revenue
►Net Contrib. from Unr.
►Total Revenue
$ 5,036,550
22,521,397
33,100,968
6,922,640
44,444,290
$112,025,845
Mt. Diablo Unified School District
Restricted General Fund Revenue
2009-10 Total = $112,025,845
Revenue Limit
4.50%
Contribution from
Unrestricted
39.67%
Interfund Transfers
0.00%
Local Revenue
6.18%
Federal Revenue
20.10%
State Revenue
29.55%
Restricted Expenditures
► Certificated
Salaries
► Classified Salaries
► Employee Benefits
► Books & Supplies
► Services & Other Operating
► Capital Outlay
► Other Outgo
► Indirect Costs Xfr Out
► Total Expenditures
$ 32,326,414
19,594,642
21,719,245
7,642,026
33,467,868
55,000
2,505,016
3,695,907
$ 121,006,118
Mt. Diablo Unified School District
Restricted General Fund Expenditures
2009-10 Total = $121,006,118
Capital Outlay
0.05%
Services & Other
Operating
27.66%
Books & Supplies
6.32%
Other outgo
Indirect Costs Xfr
2.07%
Interfund
Out
Transfers
3.05%
0.00%
Employee
Benefits
17.95%
Certificated
Salaries
26.71%
Classified Salaries
16.19%
Restricted Bottom Line
► Total
Revenue
$ 112,025,845
► Total Expenditures
121,006,118
► Net (decrease) in fund bal.
( 8,980,273)
► Beginning Balance, July 1
9,099,954
► Projected Ending Balance
$
119,681
Donations Update
► Donations
received since the “hat”
campaign began total:
Other Funds
► Funds
for special purposes excluded from the
General Fund
► Special Revenue Funds




Charter School – Form 09
Adult Education – Form 11
Cafeteria – Form 13
Deferred Maintenance – Form 14
► Capital
Projects Funds
 Building (Proceeds of local bonds for construction) –
Form 21
 Capital Facilities (a.k.a. Developer Fees) – Form 25
Other Funds
► Capital
Projects Funds (continued)
 County School Facilities (State Allocations for
construction) – Form 35
 Capital Project for Blended Component Units (MelloRoos) – Form 49
► Debt
Service Funds
 Bond Interest and Redemption – Form 51
 Debt Service for Blended Component Units (Mello-Roos)
– Form 52
► Foundation
Private-Purpose Trust Fund
(Scholarship Fund) – Form 73
► All “Other Funds” projecting positive fund balances
Events to watch for next season…
► Will
the State Legislature pass a revised budget?
 Cannot agree on cuts versus revenue increases
 Already missed June 15 deadline, June 30 deadline…
(Julgusepoctemberary 32nd?)
► Will
the Governor sign it?
► Health care increases lower, but still above CPI
and COLA
► ARRA goes away after 2010/11
► We go back to deficit spending in the out years
► Have a great summer and stay tuned

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