1. TWIN RIVERS UNIFIED 2010/11 ADOPTED BUDGET Presented to the Board of Trustees June 29, 2010

2. 2010/11 GENERAL FUND Beginning Fund Balance$33,579,464 Revenues223,082,547 Expenditures235,037,963 Net Increase/(Decrease) Fund Balance(11,955,416) Ending Fund Balance$21,624,048 Components of Ending Fund Balance: Current Assets$450,000 Economic Uncertainties7,051,139 Restricted Program Balance1,784,320 Reserve – Site’s MAA58,889 Unallocated Adjusted Balance$12,279,700

3. 2010/11 GENERAL FUND REVENUES Revenue Limit$142,200,710 Federal21,892,852 State46,618,541 Local & Other12,370,444

4. 2010/11 REVENUE LIMIT ADA vs P2 ADA – K/12

5. 2010-11 Revenue Limit Apply 2010-11 deficit of 18.355% to our undeficited 2010-11 revenue limit (RL) per ADA Apply the 3.85% cut to the undeficited revenue limit per ADA Twin Rivers USD Funded RL = $7,186 – ($7,186 x 0.18355 + $7,186 x 0.0385) = $7,186 – ($1,319 + $277) = $7,186 – $1,596 = $5,915 2010-11 Revenue Limit Funding Deficit Factor Reduction $1,319 (18.355%) $277 (3.85%) reduction $7,186 $5,590

6. 2010/11 P2 ADA - Charter

7. FEDERAL REVENUE: O One-time American Recovery and Reinvestments Act (ARRA) are eliminated O No deferred revenue O Deferred revenue estimated at $12 Million STATE REVENUE: O Most programs include a negative.39% COLA O CSR reduced $720 thousand O No Mandated Cost O Lottery per student rate is $125.50 O SBx3 4 Flexibility LOCAL REVENUE: O Interest Income O State Special Ed – no COLA and cut from SELPA REVENUES

8. 2010/11 GENERAL FUND EXPENDITURES Certificated$105,753,089 Classified41,017,755 Employee Benefits 43,126,050 Services28,697,543 Books & Supplies 12,430,323 Capital & Other4,013,203

9. CERTIFICATED SALARIES: O Current position control O Unrestricted vs. restricted CLASSIFIED SALARIES: O Current position control O Unrestricted vs. restricted BENEFITS 2009/2010 CATEGORICAL CARRYOVER O Not included LUMP SUM O $28.85 elementary O $53 junior high O $90.85 high school RRMA @ 2.22% EXPENDITURES

10. OTHER FINANCING SOURCES TRANSFERS OUT – Adult Education Fund – Deferred Maintenance Fund CONTRIBUTIONS – Transportation – Special Education – Community Day School

11. Other Funds Beginning Balance$ 413,835 Income5,166,760 Expenditure5,578,862 Ending Balance$ 1,733 Adult Education Fund Child Development Fund Beginning Balance$ 1,323,303 Income6,213,305 Expenditure6,213,305 Ending Balance$ 1,323,303

12. Other Funds - continued Beginning Balance$ 6,564 Income12,867,000 Expenditure12,867,000 Ending Balance$ 6,564 Cafeteria Fund Deferred Maintenance Fund Beginning Balance$ 1 Income790,000 Expenditure790,000 Ending Balance$ 1

13. Other Funds - continued Beginning Balance$ 3,720,774 Income40,000 Expenditure3,600,000 Ending Balance$ 160,774 Special Reserve Fund Special Reserve Fund for Post-Employment Beginning Balance$ 1,011,644 Income10,000 Expenditure0 Ending Balance$ 1,021,644

14. Other Funds - continued Beginning Balance$ 35,349,903 Income4,168,000 Expenditure9,520,951 Ending Balance$ 29,996,952 Building Fund Capital Facilities Fund- Developer Fees Beginning Balance$ 900,000 Income484,500 Expenditure1,384,500 Ending Balance$ 0

15. Other Funds - continued Beginning Balance$ 1,915 Income0 Expenditure0 Ending Balance$ 1,915 State School Building Lease-Purchase Fund Special Reserve Capital Outlay Fund Beginning Balance$ 8,109,193 Income265,000 Expenditure0 Ending Balance$ 8,374,193

16. Other Funds - continued Beginning Balance$ 98,384 Income67,000 Expenditure115,000 Ending Balance$ 50,384 Other Enterprise Fund Retiree Benefit Fund Beginning Balance$ 250,209 Income3,000 Expenditure0 Ending Balance$ 253,209

17. 2011/12 GENERAL FUND - PROJECTIONS Beginning Fund Balance$21,624,048 Revenues223,857,937 Expenditures233,077,097 Net Increase/(Decrease) Fund Balance(9,219,160) Ending Fund Balance$12,404,889 Components of Ending Fund Balance: Current Assets$450,000 Economic Uncertainties6,992,313 Reserve-Program Balances1,682,668 Unallocated Adjusted Balance$3,279,908

18. 2012/13 GENERAL FUND – PROJECTONS Beginning Fund Balance$12,404,889 Revenues219,408,046 Expenditures238,948,771 Net Increase/(Decrease) Fund Balance(19,540,725) Ending Fund Balance$(7,135,837) Components of Ending Fund Balance: Current Assets$450,000 Economic Uncertainties7,168,463 Reserve-Program Balances1,682,668 Unallocated Adjusted Balance$(16,436,968)

19. SACS BUDGET FORMS Budget Certification Average Daily Attendance Revenue Limit Summary Multi Year Projections – General Fund Summary of Interfund Activities Current Expense Formula/Minimum Classroom Compensation Schedule of Capital Assets – 2009/10 Schedule of Long-Term Liabilities – 2009/10 Other Funds Criteria and Standards

20. NEXT STEPS Once the State adopts a 2010/11 Budget, staff will present a budget revision to the Board. Any questions?