Second Interim Budget Report


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FREMONT UNIFIED
SCHOOL DISTRICT

Updated 3/9/21: Slide # 7

Second Interim Budget Report 2020-2021

Division of Business Services March 10, 2021
1

Overview

• Education Code Section 42130 states that school districts submit two reports to their governing board each fiscal year

– First Interim Report covers the financial and budgetary status of the district for the period ending October 31

– Second Interim Report covers the period ending January 31

• Both reports shall be approved by the district governing

board no later than 45 days after the close of the period

being reported

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FY 2020-21 - Consolidated General Fund
(in millions)

Revenues Less: Expenditures = Surplus/(Deficit) Add: Beginning Fund Balance =Ending Fund Balance Less: Designations =Reserve ($) =Reserve (%)

Adopted Budget
(a) $365.2 371.3 ($6.1)
18.4
$12.2 1.0
$11.1 3.0%

45 Day Revised Budget (b) $406.8 408.7 ($2.0)
18.3
$16.4 1.0
$15.3 3.75%

First Interim Budget
(c) $408.0 421.6 ($13.6)
31.8
$18.2 5.6
$12.6 3.00%

Second Interim Budget
(d) $408.9 417.1 ($8.1)
31.8
$23.7 8.0
$15.7 3.77%

Increase/ (Decrease)
(e=d-c) $0.9 (4.5) $5.5
0.0
$5.5 2.4 3.1
0.77%

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FY 2020-21 - General Fund Summary (in millions)
Unrestricted and Restricted General Fund

Revenues Add: Contributions [1] Less: Expenditures = Surplus/(Deficit) Add: Beginning Fund Balance =Ending Fund Balance Less: Designations =Reserve ($) =Reserve (%)

Unrestricted General Fund
(a) $329.1 (62.0) (265.4) $1.7 22.0 $23.7 8.0 $15.7 3.77%

Restricted General Fund
(b) $79.8 62.0
(151.7) ($9.8)
9.8 $0.0
0.0 $0.0 0.00%

Total Second Interim General Fund
(c=a+b) $408.9 0.0 (417.1) ($8.1) 31.8 $23.7 8.0 $15.7 3.77%

Notes: [1] Contribution to Special Education program is $48.5 million, Routine Restricted Maintenance is $13.4 million
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Current Year Budget Projection Assumptions

• Local Control Funding Formula (LCFF)
– Enrollment is projected at 34,782 (certified CBEDS)
– Funded Average Daily Attendance (ADA) is projected at 34,006 (2019/20)
– Unduplicated Pupil Percentage is projected at 27.01%
– COLA is applied at 0%
• Local Revenues
– Parcel tax (Measure I) is estimated at $4.3 million

• Federal Revenues
– Medi-Cal Administrative Activities (MAA) revenue is not included (the State has not confirmed when school districts will receive the funds)
– Learning Loss Mitigation / CARES Act Funds in the amount $15.3

• State Revenues

– Learning Loss Mitigation / CARES Act Funds in the amount $2.7 million

– Mandated Cost Block Grant is budgeted at about $1.4 million each year

– Lottery Funds are estimated at $199 per student

– Special Education funding is applied with

0% COLA

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FY 2020-21 Assumptions for Major Revenue Changes
(Projected Revenues increased $0.9 Mil. at 2nd Interim)

• Local Control Funding Formula (LCFF) Revenue
– Net increase of $0.5 million: • Special Education • Supplemental grant
– Details on page 24 of the budget Book

• State Revenues
– Net increased of $0.9 million • After School Education and Safety Grant • California Partnership Academies • Special Education Apportionment
– Details on page 27 of the Budget Book

• Federal Revenues
– Net increase of $0.2 million • Medi-Cal Administrative Activities • Other categorical programs

• Local Revenues
– Net decrease of $0.8 million • Gifts & Donations, Interest Income, Other adjustments

– Details on page 25 of the Budget Book

– Details on page 28 of the Budget Book

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FY 2020 – 21 Assumptions for Major Expenditure Changes
(Projected Expenses Decreased $4.5 Mil. at 2nd Interim)

• Certificated Salaries – increased by $2.1 million
– $0.1 million – 0.2 Teacher FTE, 1.0 Psychologist FTE – $1.6 savings in Substitute cost – $3.7 million in expenditure re-classification, vacancy
savings, and other budgetary adjustments – Details on page 34 of the Budget Book
• Classified Salaries – increased by $2.0 million
– $0.2 million Position FTE increase – $0.6 million saving in Substitute and Overtime – $2.5 million in expenditure re-classification, vacancy
savings, and other budgetary adjustments – Details on page 35 of the Budget Book
• Employee Benefits – increased by $1.2 million
– Adjusted due to changes in Certificated and Classified salaries
– Details on page 37 of the Budget Book
• Capital Outlay- increased by $0.2 million
– Budgetary adjustments in categorical programs, and Routine Restricted Maintenance Account
– Details on page 41 of the Budget Book

• Books & Supplies – decreased by $9.9 million
– Increase in SPED 15% Significant Disproportionality
– Re-classification of budget from Books & Supplies to Other classifications
– Details on page 38 of the Budget Book

• Services and Operating Expenses decreased by $0.2 million

– $.7 million SRO budget moved to Designations

– $.6 PSA Coordination Services

– $0.95 million SPED Transportation

– $0.5 million Utility savings

– $1.7 Other Budgetary Adjustments

– Details on page 40 of the Budget Book

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Multi-Year Budget Projection Assumptions (FY 2021-22 through FY 2022-23)

These assumptions apply to 2021-22 and • Federal Revenues

2022-23

– Medi-Cal Administrative Activities (MAA) revenue is not included (the State has not confirmed when school

• 2021-22 and 2022-23 include $7.7 and $5.8

districts will receive the funds) – Special Education funding is projected with no increase

million Budget Balancing Solutions respectively,

– Federal CARES Act / ESSERII (one-time) is budget at

approved by the BOE on 2.24.2021

$3.7 million

• State Revenues

• Local Control Funding Formula (LCFF)

– Mandated Cost Block Grant is budgeted at about $1.4 million each year

– Enrollment is projected at 34,716 and 34,439, respectively
– Average Daily Attendance (ADA) is

– Lottery Funds are estimated at $199 per student
– No projection for One-Time Discretionary Fund
– Special Education funding is projected with COLA of 1.50% in 2021-22 and 1.28% 2022-23

projected at 33,637 and 33,385

– Unduplicated Pupil Percentage is projected at 26.63% and 26.60% - 3 year rolling average

• Local Revenues
– Parcel tax (Measure I) is estimated at $4.3 million
– Other local donations remain the same as in the current year - $2.8 million

– COLA is projected at 3.84% and 1.28%

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Multi-Year Budget Projection Assumptions
(FY 2021-22 through FY 2022-23)

Class size for grades TK- 6 projected as listed below:
TK/K 1 2 3 4 5 6

2020-21 2021-22 2022-23

24 28 28 28 30 30 30 24 28 28 28 30 30 30 24 28 28 28 30 30 30

Secondary class ratio is projected at 27.5:1
– Administration and support staff included as below:
• Rix Center $353,000 – 4.0 FTE in 2021-22
• Thornton, Centerville and Hopkins conversion to Middle School, 202223 $1,230,000 – 4.3 FTE each

Salaries and Benefits:
– Step and column increases are projected for all eligible employees at an average of 1.5% each year
– Pension contribution rates are as follows:

2020-21 2021-22 2022-23

STRS
16.15% 15.92% 18.00%

Change
-0.95% -0.23% 2.08%

PERS
20.700% 23.000% 26.300%

Change
0.979% 2.300% 3.300%

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Multi-Year Budget Projection Assumptions
(FY 2021-22 through FY 2022-23)
• Supplies, Services, Capital Outlay, and Other Outgo
– Transfer of funds to Mission Valley ROP is projected at the same level as the current year - $4.1 million
– General Fund Contribution to Special Education program is projected at $50.3 million and $51.9 million, respectively
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Second Interim Budget Report