1. Milpitas Unified School District
Budget Study
June 12, 2018

2. Process Aligned with District’s Strategic Goals
Collaboration with All Stakeholders
Governor’s May Revision
School Services & Department of Finance’s Recommendation

3. Overview Finishing Current Year with a Good Ending Fund Balance
No Need to Use the Reserve Fund
A Balanced Budget in the Subsequent Two Years with the Help of Reserve Funds
Deficit Spending Gap Continues to Grow

4. Funding Source

5. 2018-19 General Fund Revenue $116,472,8925

6. LCFF Funding Factors

7. Enrollment Projection

8. LCFF & Discretionary Funding History

9. 2018-19 General Fund Expenditure $118,559,006

10. Major Expenditure Changes
Certificated Staffing Net Increases $408K:
-4.2 FTEs in Regular Ed and Special Ed
-2.0 FTEs Administrators
-<3.0> FTEs Instructional Coaches
Salary Step, Longevity: $1.3M
Benefits Increase $2.1M with H&W
All Program Carry Overs or One Time Funding are Removed <$6.9M>
Operational Cost Increases $393K: Utilities, Insurance Premium
Special Ed Program Cost Increases: $518K

11. Staffing Projections

12. STRS & PERS Cost Increase

13. Benefit Rate

14. Programs Requiring General Fund Contributions
Special Education Program
Child Development Center (CDC)
Student Nutrition

15. Special Education-Statewide15

16. Special Education-MUSD16

17. Special Education Program
Total Contribution Increase: $1.57M
Salaries and Benefits:
- 2.2 FTE Teachers: $272K
FTE IA: $26K
- Benefits Increase: $504K
- Step, Longevity Increase: $250K
COE Program, NPS: $518K

18. CDC Program

19. Student Nutrition

20. General Fund MYP Summary

21. Strategic Reserve Fund

22. Building Fund Summary

23. Facility Funding Overview
2012 Measure E Bond Fund will be Closed in
Fewer Developer Fee Collections are Expected
State Funding is Limited to Address our Facility Needs
Building Fund Ending Balance is $10M

24. The Road Ahead…
A Recession is Not Projected, However We Need to be Prepared for Future Economic Down Turns
Address Internal Structural Deficit Spending
First Interim Update