Copyright, 1996 © Dale Carnegie & Associates, Inc.Copyright, 1996 © Dale Carnegie & Associates, Inc.

Introduction The Publication Budget is required to be adopted prior to June 30, 2012 Contains levels of revenue assumptions that are subject to extreme changes The Publication budget is based on the assumption that the State revenue limit COLA for will be 3.24%, along with a deficit factor of %

Enrollment CBEDS enrollment number as of October 5, 2011 was 1,699 students, down 149 students from prior year Enrollment projections for Oct 2012 are projected to be 1,623, a decrease of 76 Enrollment projections for Oct 2013 are projected to be 1,579, a decrease of 44

Average Daily Attendance Our funding is not based on enrollment, but rather on the number of days that pupils come to school (average daily attendance-- ADA). We can always be funded on current or prior year ADA, whichever is greater The Publication Budget is based on 1,573 ADA, which is the P-2 ADA for (our guaranteed lowest amount). We are projecting P-2 ADA to decline to 1,510 in and 1,469 in

Revenue Limit Calculation Our Base Revenue Limit per ADA for was $7,531 The cost of living (COLA) increase in the State budget for is projected to be 3.24%, for an additional increase of $244 per ADA The deficit factor has been increased from % to % This brings our Revenue Limit per ADA for to $6,043

Revenue Limit Calculation (cont’d) Also included in the Revenue Calculation is the trigger reductions if the Governor’s Nov 2012 tax initiative fails Amounts to approximately 6.8% or $528 per ADA for RBJUHSD This reduction is on-going not one-time

Revenue Limit Calculation (cont’d) Using 1,573 ADA and the proposed budget factors, we anticipate revenue limit sources of $8,764,365, a reduction of over $1.5m from the previous year This is our primary source of unrestricted revenue and is made up of a combination of state aid and local taxes

Projected Expenditures Approximately 80% of school budgets are in employee wages and benefits. With this in mind, when we develop a preliminary (Publication) budget, a substantial amount of time is spent making sure all personnel costs are estimated as close as possible The remaining expenditures for books, supplies, services and capital outlay make up the remaining 20% of the budget A 1% variance in our personnel budget amounts to approximately $131,048 A 1% variance in all other expense categories, including transfers out, amounts to approximately $31,423

Projected Expenditures (Cont’d) Federal Revenues decrease drastically due to loss of: Forest Reserve Education Jobs Bill Smaller Learning Communities Grant Program Improvement MAA Revenue decline

Projected Expenditures (Cont’d) State revenues decrease slightly due to misc grant reductions Local revenues decrease due to a decrease in Special Education funding and the loss of bus retrofit funds Step & Column costs have been included in the budget and both out years Salary reductions are projected in and due to anticipated certificated retirements

Projected Expenditures (Cont’d) A 2.4% increase has been added to all salary schedules effective July 1, 2012 No one-time off the salary schedule distributions (MAA) have been budgeted in any years Five furlough days for all staff have been budgeted in

Projected Expenditures (Cont’d) Materials, Supplies, Services and Operating budgets continue to be reduced The only Transfer Out from the General Fund is to the Developer Fee Fund to cover the COPS payment Reserves have decreased in and continue to decrease due to the projected continual decreases in enrollment projections and revenues

Multi-Year Projections Multi-Year Projections (MYPs) are required by AB1200 and AB2756 MYPs are projections, not forecasts - Projections are the mathematical result of today’s decisions based on a given set of assumptions -Forecasts are predictions for the future -Projections are expected to change as various factors change – they are not predictions

RBJUHSD Multi-Year Projection Beginning Fund Balance5,502,9354,189,9482,215,375 Revenues14,934,07714,309,98414,302,965 Expenses16,247,06416,284,55716,028,731 Net Increase/(Decrease) (1,312,987)(1,974,573)(1,725,766) Projected Ending Fund Balance4,189,9482,215,375489,609 Less - Restricted Reserves1,744,77600 Designated for Economic Uncertainties 487,412489,287481,612 Undesignated1,957,7601,726,0887,997

Educational Outreach Academy MYP Beginning Fund Balance85,63117,7826,696 Revenues374,190435,097 Expenses442,039446,183441,388 Net Increase/(Decrease) (67,849)(11,086)(6,291) Projected Ending Fund Balance17,7826,696405

Funding for Schools Despite claims of: $6 billion more for schools 16% increase for schools Schools do not get one more dollar whether the Governor’s tax initiative passes or fails! Our gain is the absence of another cut! The State has not provided a single new dollar to schools since !

California Ranking

Governor’s Tax Initiative If passes: Funding remains flat Cash Deferrals are reduced Weighted Student Funding Formula implemented Ability to reduce school year a combined total of 15 days in and in addition to the 5 days currently allowed If fails: Trigger reductions implemented (over $800 per year) Cash Deferrals remain

Now What? Will Governor sign or veto the proposed State budget? Tax initiative passes or fails in Nov 2012? First Interim will be presented at the Dec 2012 Board Meeting

Questions?