1. Report to Board of Education – September 6, 2016
Unaudited Actuals
Fiscal Year Ended June 30, 2016
Report to Board of Education – September 6, 2016

3. Unaudited Actuals District’s annual financial report
Reports results of operations for fiscal year
Becomes basis of annual audit

4. Unaudited Actuals State-required format
Statement of Revenues, Expenditures, and Changes in Fund Balance

5. Unaudited Actuals Additional information included: Attendance
Categorical Programs
Indirect Cost Calculation
Lottery
NCLB Maintenance of Effort
Special Education Cost data
Other Accounting Data

6. District Funds General Fund Operating Fund of District
Other District Funds
As Required by State
Nine Specialized Funds
Schedule of Capital Assets
Schedule of Long-term Debt

7. Total General Fund Revenues $ 116.8 $ 138.5 Expenditures 115.4 132.5
Unrestricted and Restricted
Millions
Revenues $ $ 138.5
Expenditures
Increase in Fund Balance
Ending Fund Balance $ $ 37.7

8. General Fund Revenues

9. General Fund Expenditures

10. Ending Fund Balance

11. General Fund – Actual vs. Estimated
Millions
Estimated Actuals
Actuals
Variance
Change in:
Unrestricted Fund Balance
$ (1.51)
$ 2.76
$ 4.27
Restricted Fund Balance
(2.98)
3.23
6.21
Total
$ (4.49)
$ 5.99
$ 10.48

12. General Fund – Actual vs. Estimated
Material Positive Budget Variances:
Encroachment
Under spending of categorical programs
Other expenditure accounts

13. General Fund – Actual vs. Estimated
designated balances at June 30, 2016
Principals’ Discretionary
$269,366
RTI
330,186
Instructional Materials
707,296
One-time Funding
4,135,233
TOTAL
$5,442,233

14. General Fund Ending Fund Balance
Millions
Total General Fund Ending
Fund Balance $37.7
Undesignated/Reserve for
Economic Uncertainties $26.0
Reserve % %

16. Indirect Costs Child Development $159,912 Nutrition Services 214,852
Other Categorical
Programs ,720
Total contribution to General Fund: $781,484

17. Contributions Special Education encroachment $ 8,994,593
Routine repair maintenance transfer ,608,078
Total contribution from
Unrestricted General Fund: $12,602,671
Our encroachment is about 45% of total expenditures…federal IDEA is 13.4%

18. Local Control Funding Formula
CDE website “LCFF Funding Snapshot” Total funding = 93,266,808

19. Local Control Funding Formula
When are we going to become a basic aid district?

20. Other District Funds Required by State guidelines
Used to segregate revenues and expenditures restricted for specific uses

21. Other District Funds Child Development Fund- slight increase
Cafeteria Fund continues to
show net increase
$215K in developer fees collected
Funds with deficit spending reflect planned capital expenditures, spending down of reserves or debt service
Special Reserve fund – capital outlay projects reflects transfer from General fund
Final transfers out of Special Reserves: Other than cap=874K, OPEB 127K (total $1M)

22. Next Steps . . .
When are we going to become a basic aid district?

24. Questions?