TWIN RIVERS UNIFIED 2013/14 ADOPTED BUDGET Presented to the Board of Trustees June 25, 2013 By Kate Ingersoll, Executive Director, Fiscal Services

2013/14 GENERAL FUND

2013/14 GENERAL FUND REVENUES

2013/14 REVENUE LIMIT ADA VS P2 ADA – K/12

R EVENUE L IMIT 1.565% Cost of Living Adjustment Apply deficit of % (3.275% decrease over the prior year) to our undeficited revenue limit (RL) per ADA Twin Rivers USD Loss of $1,453 per ADA $1,453 x 22,890 ADA = $33,259,170 loss of revenue Revenue Limit Funding Deficit Factor Reduction $1,453 (18.997%) $7,648 $6,195 Funded RL = $7,648 – ($7,648 x ) = $7,648 – $1,453 = $6,195

2013/14 P2 ADA - C HARTER

FEDERAL REVENUE: 10% reduction to Title I Part A and 5% reduction to Special Education (Federal Sequestration) One-time funding eliminated Deferred revenue: o Estimated at $10 million o Only $837 thousand is reflected in the Adopted Budget o Remainder will be budgeted at First Interim once the actuals are known REVENUES

REVENUES - C ONTINUED STATE REVENUE: Home-to-School Transportation, Class Size Reduction (CSR), Economic Impact Aid (EIA) and School Library Improvement Block Grant (SLIBG) remain the same as prior year No Mandated Cost reimbursements One-time funding eliminated Lottery per student rate is $154 SBx3 4 Flexibility of Tier III programs is $9.8 million LOCAL REVENUE: Interest Income One-time funding eliminated State Special Ed – no COLA or reduction

2013/14 GENERAL FUND EXPENDITURES

CERTIFICATED SALARIES: Current position control Unrestricted vs. restricted CLASSIFIED SALARIES: Current position control Unrestricted vs. restricted 2012/2013 CATEGORICAL CARRYOVER Not included LUMP SUM $35.61 elementary, $60.01 junior high, $97.86 high school 2.3% CONTRIBUTIONS Transportation Special Education Community Day School EXPENDITURES

O THER F UNDS Adult Education Fund Child Development Fund Cafeteria Fund Deferred Maintenance Fund Special Reserve Fund for Other Than Capital Outlay Projects Special Reserve Fund for Post-Employment Building Fund Capital Facilities Fund- Developer Fees Special Reserve Fund for Capital Outlay Projects Other Enterprise Fund Retiree Benefit Fund

2014/15 GENERAL FUND - PROJECTIONS

2015/16 GENERAL FUND – PROJECTONS

SACS BUDGET FORMS Budget Certification Average Daily Attendance Revenue Limit Summary Cash Flow Projection Multi Year Projections – General Fund Summary of Interfund Activities Current Expense Formula/Minimum Classroom Compensation Schedule of Capital Assets – 2012/13 Schedule of Long-Term Liabilities – 2012/13 Other Funds Criteria and Standards

NEXT STEPS Staff will present a budget revision to the Board within 45 days of the State adopting their 2013/14 Budget. Any questions?