Budget Update District Advisory Committee April 12, 2011 Conejo Valley Unified School District

CVUSD UGF (2 nd Interim) Estimated Recurring Deficit$(2,100,000) Estimated Ending Balance$ 18,546,000 Detail Follows 2

nd Interim Estimated Ending Balance$18,546,000 3% Reserve$ 4,954,000 Stores/Rev. Cash$ 213,000 Program Carryover/Sup Hours$ 183,000 Audit/Mental Health Reserve$ 600, BRL Restoration (Oct.)$ 5,400,000 Fed. Jobs Fund-Bal after 5 Days$ 1,482,000 Originally $4 million (Oct.) Budget Dev.$ 4,514, Ending Balance $2.9 (Sept.) Man.Costs/10% Stimulus $1.5 (March) End Balance Fallout$ 1,200,000 3

CVUSD UGF Estimated Adopted Budget Deficit Estimated Recurring Deficit$(4,400,000) st Interim $2.1 million Net Step/Column $1.2 million Health Benefits $0.5 million Decline. Enroll. $0.3 million Misc. $0.3 million Estimated Ending Balance$12,600,000 Excludes 3% Reserve/Carryovers 4

State Education Budget Scenarios CVUSD Impact Election Passes $0.4 million loss ($19 per ADA) $4.8 million CVUSD recurring deficit Election Fails – Prop. 98 Minimum $7.0 million loss ($19 + $330 per ADA) $11.4 million CVUSD recurring deficit Election Fails – Suspend 98 to “Fair Share” $16.5 million loss? ($800 per ADA?) $20.9 million CVUSD recurring deficit 5

Best Case – Taxes Pass Est. Recurring Deficit$(4.8 million) Avail. Est. End Balance $12.6 million Recommended Strategy: No Cuts Use $4.8 million reserve to cover deficit Consider limited restorations with reserves Preserve unspent reserves for Budget Deficit? - $3.8 million 6

Moderate Case – Taxes Fail Prop. 98 Minimum Est. Recurring Deficit$(11.4 million) Avail. Est. End Balance$12.6 million Recommended Strategy: Make $4.0 million in hard cuts Use $7.4 million reserve to cover deficit Preserve other reserves ($5.2 million) for Budget Deficit? - $6.4 million 7

Worst Case – Taxes Fail Prop. 98 Suspended Est. Recurring Deficit$(20.9 million) Avail. Est. End Balance$ 12.6 million Recommended Strategy: Make $4.0 million in hard cuts Use $ 12.6 million budget dev. reserves Use $4.3 million of 3% reserve ($0.7 million left) Deficit? - $15.9 million PRAY FOR DELIVERANCE!!! 8

Framework for $4.3 Million Hard Cuts District Office/District Support$ 250,000 Park Oaks Closure$ 450,000 Elementary Schools$ 250,000 Middle Schools$ 300,000 High Schools$ 450,000 K-3, from 22 to 25 to 1$ 900, from 30 to 31 to 1$1,400,000 Total$4,000,000

$4.0 Million Hard Cuts Detail District Office/Support$250,000 Eliminate Dir. Purchasing – Full Year - $66,000 Eliminate Admin. Asst. – Facilities - $44,000 Energy Ed. Consulting Contract - $80,000 Restructure Pupil Services - $60,000 Elementary Schools$250,000 Eliminate Elementary Counseling - $225,000 Reduce OCBG by $3 per student - $25,000

$4.0 Million Hard Cuts Detail Middle Schools$300,000 Eliminate Dept. Chair Periods (4.0 FTE) - $260,000 Double Stipends, No Observations Reduce SCS Tech Periods (0.6 FTE) - $40,000 High Schools$450,000 Reduce 10 Coaching Stipends Per School - $100,000 Eliminate Remedial Reading Sections - $90,000 Eliminate 1.0 FTE ICT Per School (3.0 FTE) - $150,000 Reduce OCBG by $4 per student - $30,000 Eliminate CVHS Afternoon Program ( 0.6 FTE) - $40,000 Reduce Adult Ed Learning Center/Tech Support - $40,000