1. Second Interim March 5, 2013

2. GVUSD Is…
Vision Golden Valley Unified School District is committed to creating and maintaining an innovative learning community based in excellence. Mission The mission of Golden Valley Unified School District is to provide our students the means to achieve to their highest potential with a caring, secure environment.

3. The Purpose of a Budget Financial Plan; Policy Guide;
Operational Guide; and
Communications Tool.
The budget document should be written to communicate the District’s goals and objectives to staff, Board members and, citizens of the community

4. California Outlook No change in deficit factor – 22.272%
State revenues higher than projected
13/14 balanced budget with $1 M in reserves
2012/13 & 2013/2014: estimated $1.1 B increased tax revenues
Savings of $1 B from budget cuts
Slow payback of LEA deferrals
Projected funded COLA for 13/14 and 14/15
13/14, 1.65% = $111.00
14/15, 2.20% = $151.00

5. Changes Since First Interim
Financial Implications
ADA Increase: to
$ 156,717.24
Certificate Salaries:
2% Bonus
1 additional teacher (1/2 year)
$ 126,237.16
$ 29,688.65
Classified Salaries:
5% differential pay for SDC Paraprofessionals
Increased office staff from 10 ½ to 11 months
$ 51,926.80
$ 9,757.43
$ 27,852.47
Revenue:
MAA reductions – Federal program review
$ -35,000.00

6. Historic ADA 08/09 P-2 09/10 P-2 10/11 P-2 11/12 P-2 12/13 P-1 1865
1846
1857
1853
1879

7. Summary: Unrestricted/Restricted
Ending Balance June 30, 2012
$3,104,180
Total Revenue
Projected
$14,648,339
Expenditures:
Certificated Salaries
$6,879,683
Classified Salaries
$2,644,771
Employee Benefits
$3,235,835
Book and Supplies
$885,362
Services/Operating
Expenditures
$1,386,244
Capital Outlay/Other Outgo
$370,492
Total Expenditures
$15,402,387
Projected Ending Balance June 30, 2013
$2,350,132
Restricted funds
$56,198
Unrestricted fund balance
$1,712,150*
* Equates to a 11.12% Reserve for Economic Uncertainty for Unrestricted Balance

8. Revenue Sources First Interim Second Interim Difference Revenue Limit
$11,184,910.13
$11,341,627.37
$156,717.24
Other State Revenue
$2,237,241.02
$2,231,620.93
-$5,620.09
Federal Revenues
$401,995.58
$372,316.58
-$29,679.00
Local Revenues
$703,466.64
$702,773.64
-$693.00
Total
$14,527,613.37
$14,648,338.52
$110,082.51

9. Factors of Total Revenue

10. Expenses First Interim Second Interim Difference Certificate Salaries
$6,547,149.82
$6,879,683.38
$332,533.56
Classified Salaries
$2,644,968.84
$2,644,771.16
-$197.68
Benefits
$3,291,803.95
$3,235,835.05
-$55,968.90
Books and Supplies
$835,242.40
$885,361.99
$50,119.59
Services and Other Outgo
$1,378,124.72
$1,386,243.53
$8,118.81
Contributions
$280,379.93
$370,491.93
$90,112
Total
$14,977,669.66
$15,402,387.04
$43,136.85

11. Factors of Expenses

12. Multi-Year Projections

13. Moving Forward… Deferred Maintenance District Reorganization
P-2 Average Daily Attendance – April 2013
Local Control Funding Formula (LCFF)
Federal Sequestration

14. Questions???