1. Centralia School District
First Interim Report December 08, 2015

2. MISSION STATEMENT
Centralia School District is committed to meeting the diverse educational needs of all students and creating lifelong learners, by providing exceptional staff and opportunities for family and community involvement in a safe and nurturing environment.

3. First Interim- Assumptions
Average daily attendance (ADA) of 4,376
LCFF implementation 51.52%
Cost of living adjustment of 1.02%
Lottery funding of $140 per ADA (Unrestricted)
STRS rate of 10.73%
PERS rate of %

4. First Interim- Revenue
Revenues
Budget
First Interim
$ Change
Change as a % of Total Rev
LCFF/Revenue Limit Sources
$36,090,382
$35,793,417
($296,965)
0.70%
Federal Sources
$2,219,503
$2,371,549
$152,046
0.40%
Other State Revenue
$3,593,090
$6,221,808
$2,628,718
6.10%
Other Local Revenue
$1,461,502
$1,412,502
($49,000)
0.11%
Total Revenues
$43,364,477
$45,799,276
$2,434,799
5.61%

5. First Interim- Revenue
Revenue Changes Since First Interim
Decrease in LCFF due to gap implementation percentage decrease from 53.08% to 51.52%
Federal Revenue increase due to roll over of Title I funds from prior year
Other State Revenue increase due one-time funding for mandates as well as Educator Effectiveness
Local Revenue decreased slightly, but will increase throughout the year as additional and grants and donations are received

6. First Interim- Revenue

7. First Interim- Expenditures
Budget
First Interim
$ Change
Change as a % of Total Exp
Certificated Salaries
$21,458,288
$22,204,538
$746,250
1.74%
Classified Salaries
$7,868,966
$7,882,119
13,153
0.00%
Employee Benefits
$7,383,366
$7,474,047
$90,681
0.21%
Books & Supplies
$2,854,025
$3,016,634
$162,609
0.38%
Services/Other Oper Expenditures
$2,969,626
$3,280,906
$311,280
0.73%
Capital Outlay
$92,244
$94,375
$2,131
Other Outgo (exclude indirect Cost Transfers)
$418,525 $0
Other Outgo - Indirect Costs Transfers
($179,956)
($181,481)
($1,525)
Total Expenditures
$42,865,084
$44,189,663
$1,324,579
3.10%

8. First Interim- Expenditures
Expenditure Changes since Budget Adoption
Salary and benefits changed significantly due to additional staffing of teachers and TOSAs
Books and Supplies increases due to additional expense for the math textbook adoption and purchase of technology
Increase in Services & Other Operating Expenses is due mainly to increased expenditures for Special Education

9. First Interim– Expenditures

10. Effect of One-Time Money
One-time money $2.3M
LCFF revenue decrease compared to budget adoption $300k
Expense increase over budget adoption $1.3M
Budget surplus/deficit without one-time money ($940,000)

11. STRS and PERS Projections
STRS impact at full implementation
$2,969,408
PERS impact at full implementation
$885,745
Combined impact
$3,855,153

12. Change as a % of Ending Bal
General Fund Balance
General Fund
Budget
Second Interim
$ Change
Change as a % of Ending Bal
Beginning Fund Balance
$7,293,419
$7,421,809
$128,390
1.70%
Excess (Deficiency) Rev - Exp
$499,393
$1,609,613
$1,110,220
14.72%
Transfers In $0
0.00%
Transfer Out
$250,000
Ending Fund Balance
$7,542,812
$8,781,422
$1,238,610
16.42%

13. Components of Ending Fund Balance
General Fund
Budget
First Interim
Nonspendable Revolving Cash
$50,000
Stores
$43,865
$36,833
Restricted
$55,019
$1,492,329
Committed $0
$665,562
Other Assignments
$2,000,000
Reserve for Economic Uncertainties
$1,293,756
$1,333,190
Unassigned
$5,434,610
$3,203,508
Ending Fund Balance
$7,542,812
$8,781,422

14. Multiyear Projection - Assumptions
LCFF Gap Funding & COLA
% & 1.60%
% & 2.48%
STRS & PERS Employer Contribution
% & 13.05%
% & 15.60%

15. Other Funds Fund Description Fund Balance Child Care $0 Cafeteria
$392,544
Deferred Maintenance
$255,151
Capital Facilities Fund
$2,750,942
Special Reserve for Capital Outlay Projects
$5,255,913
Health & Welfare
$1,241,118

16. Budget Calendar
Budgeting for a school district is a continuous, year-round process. Projections continually change based on new and changing information.
June 23, Adopt Budget
December 08, 2015 First Interim (Data as of October)
January Governor’s Budget Proposal
March 10, Second Interim (Data as of January)
Mid-May Governor’s May Revise
June 14, Hold Public Hearing for LCAP & Budget
June, Adopt Balanced State Budget
June 28, Board Adopts LCAP & Budget

17. Questions?