1. September 14, 2010 William C. Young Assistant Superintendent – Business Services POSTED at www.oceanviewsd.org

2.  California State Budget Update California State Budget Update  Federal Jobs Fund  VCOE 2010-2011 Budget Review  Unaudited Overview  What’s Next?

4. Total Revenue = $ 19,851,614.21

5. General Fund Expenditures by Object Total Expenditures = $ 20,080,701.46

6.  Fund 01, Form 01 Overview continued  Page 251 of the board agenda

7. *1 month payroll ~ $1.65 million ** will require $785,750 to close gap in 2012-2013 and achieve 3% minimum reserve

8.  Monitor cash flow weekly (internal borrowing) ◦ Without a state budget cash is withheld for Child Development and Cafeteria Funds  Monitor expenses (group effort) ◦ As discussed, we are facing difficult economic impacts, it will take all stakeholders to prevent insolvency  Monitor attendance (group effort) ◦ Student ADA is the largest Revenue source  Adjust district budget as necessary after state adopts/revises budget  Reexamine projects and program goals (+/-)  Monitor encroachment (Transportation, Special Education, and Class Size Reduction)  External independent audit (December 2010)