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Manteca Unified School District
Second Interim Report
Jan. 31, 2008
March 11, 2008
• CBEDS– Slight Decline of 96 Students
• Revenues– Up slightly .95% new grants
• Expenditures– Up by $24 million for new grants and
budgeting carry over funds
• Governor’s Budget • Cash Flow• Projections
Outline
CBEDS Enrollment22,448 ADA
Page 9
Revenues
Total Revenues $177,530,986Page 24
EXPENDITURES
Total Expenditures $197,237,202
Page 33
Governor’s Budget
• Governor’s Proposed 4.94% COLA– State Revenues off by $1.6 billion more than Jan.
estimates– Budget gap now $16 billion and growing?– Governor’s Proposal 10% across the board cuts in
State Budget including education– Current Year Prop 98 Reduction by $400 Million– Deferred July Apportionment until Sept. (cash flow
issue) for Education– $1 funding of Mandates
Legislative Analyst View
• 5.43% COLA
• Lower 2007-2008 Funding to Prop 98 guarantee by $1.5 billion and at least $1 billion
• Revise Funding for Education– K-12 Base Grants $34.8 billion K-3 CSR & 9th CSR
and 6 other Revenue Limit programs– Special Ed Grant $3.1 billion consolidates 6 special
ed programs with SELPA funding– Opportunity to Learn Grant $3 billion consolidates 6
programs TIIG, EIA, SIP, 7-12 Counseling, School Safety and Pupil Retention
Legislative Analyst View
• Revise Funding for Education continued…– School Improvement Grant $1.2 billion consolidates
7 grants including School Library Improvement, Arts , Music and Education Technology, Professional Development
• LAO also proposes fully funding Mandates
Summary
• COLA 5.43% with a deficit of 7.48%– Resulting in a lower funded amount than 2007-2008
for 2008-2009 Education Programs
• Reduced programs – some with no COLA some completely eliminated
• Possible Prop 98 Suspension
• Fight over Consolidation of Grants
• Use of Prop 58 to Balance the Budget– Simple majority needed to adopt a budget
CASH FLOW
Page 35
Budget Projections
Page 37