Jefferson School District 2010-11 2nd Interim March 8, 2011

Per ADA Reduction Incorporates reduction of $349 per ADA for 2011-12 forward. -$831,157 reduction in revenue limit income This reduction reflects the current agreed upon adjustment required if a proposed ballot measure to extend temporary taxes does not pass in June, 2011 Anticipated per ADA reduction may change – we are using what is currently recommended by our County Office of Education

Offsetting Unrestricted Expenses One time offsets of Unrestricted General fund expenses as follows: Education Jobs Fund (Resource 3205) – $450,312 ARRA SFSF Funds (Resource 3200) – $127,110

2010-11 2nd Interim Assumptions ADA of 2472.21 (same as 1st Interim) for 2010-11, 2011-12 & 2012-13 Increased Mandated Cost Revenue (Resource 0070) – $104,539

Categorical Revenue Updated Categorical budgets with updated revenue per CDE notices and ConApp changes including: +$14,034 Resource 0294 Math & Reading Staff Development +$12,028 Resource 0296 Math & Reading EL Staff Development +$21,892 Resource 3010 Title I +$26,921 Resource 7090 EIA

MultiYear Projection

Special Ed Changes Adjusted Special Ed budget for change in funding for Mental Health. Impact to Jefferson is -$8,500 for revenue and an increase to contribution to offset the revenue reduction. Adjusted Special Ed revenue down $137,268 (and increased contribution to offset) per SELPA Finance meeting. COE plans to add 4 new COE classes in 2011-12 (pending approval of Superintendent’s at their March 7, 2011 meeting)

Next Steps Negotiations are ongoing and will not be completed until status of extending temporary taxes is known in June, 2011 Dana and Mindy will hold school site budget/bond update meetings in April 2011-12 Budget Development is beginning. At this time, we are not incorporating any budget reductions. This may change if we receive updated info –