1. Kernville Union School District
The State does not yet have an enacted budget at this time. Deadline is tomorrow Wednesday, June 15.
First Interim Presentation

2. 2018/19 Revenue LCFF Revenue $8,787,413: ADA = 841.30 2.71% COLA
LCFF Gap funding 100%
$193,701 Increase from July Budget
P2 is 20 over prior year
LCFF is about 90% of target
Increase $1.4 m base and $1.1 m sup/con

3. 2018/19 Revenue Cont’d
LCFF Revenue cont.
is the sixth year of the new funding formula and the fourth year for the Local Control Accountability Plan (LCAP).
The LCAP outlines the actions scheduled to be taken to increase or improve services for English Learners, Low Income, and Foster Youth students utilizing the Supplemental and Concentration grant dollars included in the LCFF calculation.
$1,783,599 (20.29%) of the $8,787, LCFF revenue.

4. 2018/19 Revenue Cont’d Federal Revenue - $756,336 (Increased $17,207)
Federal Special Education, Title I, Title II, Title IV, Title V, REAP, and MAA.
Other State Revenue - $651,784 (Decreased $136,217)
Lottery, Mandated Cost block Grant, one-time Mandated Costs , ASES, Frontier Grant, Moderate Intervention, LCSSP Grant, and SUMS grant
The decrease is due to difference between the Governor’s May Revise budget assumptions and the State Adopted Budget for the One-time Mandated Costs Revenue.
Local Revenue - $1,189,295 (Increased $161,416)
Interest, Special Education, Local Grants, Erate, Fire Camp, Wellness Grant, TLIM, and Misc.
The increase is from the addition of the bus replacement grant and Special Education reimbursement revenue.

5. 2018/19 Revenue Comparison
July Budget $11,191,128 First Interim $11,384,829 $193, % Increase

6. 2018/19 Expenditures Total Fund 01 Expenditures $11,585,604
Certificated Salaries - $4,406,585 (Increased $139,669)
The increase is due to the addition of a half- time 6th grade teacher position and the District negotiated increase.
Classified Salaries - $2,337,288 (Increased $152,899)
The increase is due to the addition of a couple classified positions and the District negotiated increase.

7. 2018/19 Expenditures Cont’d
Employee Benefits - $3,006,584 (Increased $26,789)
Employee Benefits reflect an increase due to increase in salaries as listed above.
Books and Supplies – $512,923 (Decreased $45,104)
The adoption budget was decreased.
Services and Operating Exp – $1,032,102 (Increased 67,269)
Legal settlement costs were added to the budget.
STRS rate increase from 10.73% to 12.58% topping out at 19.1% in 20/21
PERS rate increase from to % topping out at 19.8% in 20/21

8. 2018/19 Expenditures Cont’d
Capital Outlay – $199,921 (Increased $124,921)
The increase is for the school bus purchase.
Other Outgo- $151,825 and ($61,627) (Increased $315)

9. 2018/19 Expense Comparison
July Budget $11,119, First Interim $11,585, $466, % Increase

10. Multi- Year Projections
Revenues Overall revenues are expected to decrease by one-time revenues ($88,635 or 0.78%) compared to the prior year:
ADA (same as prior year)
LCFF – COLA 2.57% and gap funding percentage 100%
Federal Revenues – removal of deferred revenues
Other State Revenues – removal of one-time revenue sources
Other Local Revenues – COLA was added to Special Education revenues

11. 2019/20 Revenue Comparison
2018/19 $11,384, /20 $11,296,194 <$88,635> <0.78%> Decrease

12. cont’d
Expenditures are expected to be adjusted by the following compared to the prior year:
Certificated Salaries Included are step and column adjustments, the removal of a 1.0% bonus given in 18/19. No change in FTE’s.
Classified Salaries Included are step adjustments and the removal of 1.0% bonus given in 18/19. No change in FTE’s.
Employee Benefits Reflect an increase due to increase in salaries as listed above, 1.85% increase in STRS rate, 2.74% increase in PERS rate.
1.50% COLA for all except CSEA
Insurance 100% for all except CSEA

13. cont’d
Books and Supplies Decrease $18,960 to decrease adoption budget and one-time revenue expenses.
Services and Other Operating Expenses Decrease $9,734 for one- time revenue expenses.
Capital Outlay Decrease $159,921 for the one-time school bus replacement.
Other Outgo Is increased by COLA.
Other Outgo – Indirect Costs Is increased by 2.57 COLA.

14. 2019/20 Expense Comparison
2018/19 $11,585, /20 $11,604, $18, % Increase

15. Multi- Year Projections
Revenues are expected to increase by 1.76% compared to prior year.
ADA (increase of 8.46 from prior year)
COLA 2.67%
Federal Revenues - status quo
Other State Revenues – Reduced by 7.72% - One-time funding reduction
Other Local Revenues – Increase slightly with 2.67% COLA on Special Education funding

16. cont’d
Expenditures are expected to be adjusted by the following compared to the prior year:
Certificated Salaries Included are step and column adjustments. No change in FTE’s.
Classified Salaries Included are step adjustments. No change in FTE’s.
Employee Benefits Reflect an increase due to 0.97% increase in STRS rate, 2.7% increase in PERS rate.

17. cont’d
Books and Supplies – Increased by $4,785 which is the difference between a 2.67% COLA and decrease in one-time revenue expenses.
Services and Other Operating Expenses – Increased by 2.67% COLA.
Capital Outlay – Status quo.
Other Outgo Increased by 2.67% COLA..
Other Outgo – Indirect Costs Increased by 2.67% COLA.

18. Special Reserve – Postemployment Benefits
Other Fund Balances 2018/19
Fund
Description
Projected Ending
Fund Balance
June 2019 12
Child Development
$62,901 13
Cafeteria
$254,257 17
Special Reserve
$12,830 20
Special Reserve – Postemployment Benefits
$70,667 21
Building (Bond)
$85,325 25
Capital Facilities
$11,150 40
Sp. Res.- Cap Outlay
$417