2018-2019 Second Interim Report  SAUGUS Union School District Excellence in Elementary Education 24930 Avenue Stanford, Santa Clarita, California 91355 Phone: 661-294-5300 / www.saugususd.org   2018-2019 Second Interim Report March 5, 2019 GOVERNING BOARD: Laura Arrowsmith · David Barlavi · Julie Olsen · David Powell · Christopher Trunkey SUPERINTENDENT: Colleen Hawkins, Ed.D.  RESPECT | INTEGRITY | LEARNING | TEAMWORK | ENTHUSIASM

Education Code Excellence in Elementary Education Education Code (EC) Sections 35035(g), 42130 and 42131 require the Governing Board of each school district to certify at least twice a year to the District’s ability to meet its financial obligations for the remainder of that fiscal year and for the subsequent two fiscal years. This is called the Interim Report Process. The Governing Board must certify that the District fits one of the following: Positive – based upon the current projections, the District will meet its financial obligations for the current fiscal year and subsequent two fiscal years. Qualified – based upon the current projections, the District may not meet its financial obligations for the current fiscal year or two subsequent fiscal years. Negative – based upon the current projections, the District is unable to meet its financial obligations for the remainder of the fiscal year or the subsequent fiscal year(s). Excellence in Elementary Education

2018-2019 Budget Calendar Excellence in Elementary Education June/July Adoption of the State budget, may determine changes in school district revenues. August/September Closing of the books from prior year. Determining carry-over in current year. October State census day. Based on student population the first Wednesday of October. December First Interim reporting, which reflects projected revenues, expenses, and year-end fund balances based on data through October 31. January Certification of P1 (period 1) attendance reports (average daily attendance – ADA). Proposed State budget for the succeeding fiscal year. March Second Interim reporting, which reflects projected revenues, expenses, and year-end fund balances based on data through January 31. April/May Certification of P2 (period 2) attendance reports (average daily attendance – ADA). P2 determines the District’s revenue. January - May District budget development for subsequent fiscal year. Excellence in Elementary Education

Second Interim Revenue 2018-2019 Second Interim Revenue Excellence in Elementary Education

Fund 01.0 – Combined Revenue 2018-2019 Fund 01.0 – Combined Revenue STRS On-Behalf - $3,221,386 Total Projected Combined Revenue $102,993,364 Excellence in Elementary Education

Fund 01 – Total Expenditures 2018-2019 Fund 01 – Total Expenditures Excellence in Elementary Education

82.15% of total Expenditures Pay Staff Salaries and Benefits 2018-2019 Fund 01 Combined Expenditures $106,965,071 82.15% of total Expenditures Pay Staff Salaries and Benefits Utilities $2,068,857 Internet/Phone $1,281,098 Excellence in Elementary Education

2018-2019 Fund 01 – Fund Balance Excellence in Elementary Education

2018-2019 Other Funds Excellence in Elementary Education

Budget Assumptions Excellence in Elementary Education

Multi-Year Projection (MYP) Combined General Fund Multi-Year Projection (MYP) Excellence in Elementary Education

Unrestricted General Fund - MYP Excellence in Elementary Education

Restricted General Fund - MYP Excellence in Elementary Education

Combined Fund Balance - MYP Excellence in Elementary Education

Reserve Excellence in Elementary Education Government Finance Officers Association (GFOA) recommends 17% minimum reserves for government entities Per, California Department of Education the 2016-2017 Statewide Average Reserve levels for Elementary School Districts was 21.07% Excellence in Elementary Education

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