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TWIN RIVERS UNIFIED
2012/13 ADOPTED BUDGET
Presented to the Board of TrusteesJune 26, 2012
2012/13 GENERAL FUNDBeginning Fund Balance $60,628,805
Revenues 222,210,637
Expenditures 239,274,209
Net Increase/(Decrease) Fund Balance (17,063,572)
Ending Fund Balance $43,565,233
Components of Ending Fund Balance:
Nonspendable $511,000
Restricted 7,023,329
Assigned 8,144,475
Unassigned - Economic Uncertainties 15,000,000Unassigned (Available) Fund Balance $12,886,429
2012/13 GENERAL FUND REVENUES
Revenue Limit $139,199,319Federal 22,230,331State 48,081,462Local & Other 12,699,525
20,000
21,000
22,000
23,000
24,000
25,000
P-2 ADA (Not Including SCOE) 24,277 23,870 23,841 23,210 23,394
Rev Lim ADA (Not Including SCOE) 24,515 23,926 23,841 23,495 23,394
08/09 Actual 09/10 Actual 10/11 Actual 11/12 Actual12/13
Projection
2012/13 REVENUE LIMIT ADA vs P2 ADA – K/12
2012-13 Revenue Limit• 3.24% Cost of Living Adjustment
• Apply 2012-13 deficit of22.272% to our undeficited2012-13 revenue limit (RL)per ADA
• Twin Rivers USD
• Loss of $1,680 per ADA
• $1,680 x 23,394 ADA = $39,301,920 loss of revenue
2012-13 Revenue LimitBefore Deficit
2012-13 Revenue Limit AfterDeficit and Cut
2012-13
Revenue Limit
Funding
Deficit Factor
Reduction
$1,680 (22.272%)
$7,543 $7,543
$5,863Funded RL= $7,543 – ($7,543 x 0.22272)= $7,543 – $1,680= $5,863
1,200
1,300
1,400
1,500
1,600
1,700
1,800
P-2 ADA 1,678 1,730 1,822 1,998 2,021
08/09 Actual 09/10 Actual 10/11 Actual 11/12 Actual 12/13 Projection
2012/13 P2 ADA - Charter
• FEDERAL REVENUE:– One-time funding eliminated
– 10% reduction to Title I and 20% reduction to Title II, Teacher Quality
– Deferred revenue: Estimated at $11 million Only $837 thousand is reflected in the Adopted Budget Remainder will be budgeted at First Interim once the actuals are
known
REVENUES
REVENUES - Continued• STATE REVENUE:
– Economic Impact Aid (EIA) reduced 10%– School Library Improvement Block Grant (SLIBG) reduced 5%– Home-to-School Transportation and Class Size Reduction (CSR) remain the
same as prior year– No Mandated Cost– One-time funding eliminated– Lottery per student rate is $141.75– SBx3 4 Flexibility of Tier III programs is $9 million
• LOCAL REVENUE:– Interest Income– One-time funding eliminated– State Special Ed – no COLA or cut from SELPA
2012/13 GENERAL FUND EXPENDITURES Capital & Other
2%Books & Supplies
5%
Services11%
Employee Benefits
18%
Classified19%
Certificated45%
Certificated $109,452,030Classified 39,549,509Employee Benefits 43,241,864Services 34,881,061Books & Supplies 12,027,792Capital & Other 121,953
• CERTIFICATED SALARIES:– Current position control– Unrestricted vs. restricted
• CLASSIFIED SALARIES:– Current position control– Unrestricted vs. restricted
• 2011/2012 CATEGORICAL CARRYOVER– Not included
• LUMPSUM– $35.61 elementary, $70.74 junior high, $141.14 high school
• RRMA @ 2.16%• CONTRIBUTIONS
– Transportation– Special Education– Community Day School
EXPENDITURES
Other Funds
• Adult Education Fund• Child Development Fund• Cafeteria Fund• Deferred Maintenance Fund• Special Reserve Fund for Other
Than Capital Outlay Projects• Special Reserve Fund for Post-
Employment• Building Fund• Capital Facilities Fund-Developer
Fees
• Special Reserve Fund for Capital Outlay Projects
• Other Enterprise Fund• Retiree Benefit Fund• Summary of the Other Funds
revenues and expenditures
2013/14 GENERAL FUND - PROJECTIONS
Beginning Fund Balance $43,565,233
Revenues 225,911,490
Expenditures 250,372,616
Net Increase/(Decrease) Fund Balance (24,461,126)
Ending Fund Balance $19,104,107
Components of Ending Fund Balance:
Nonspendable $511,000
Restricted 7,023,329
Assigned 0
Unassigned - Economic Uncertainties 11,569,778Unassigned (Available) Fund Balance $0
2014/15 GENERAL FUND – PROJECTONS
Beginning Fund Balance $19,104,107
Revenues 224,208,260
Expenditures 244,527,581
Net Increase/(Decrease) Fund Balance (20,319,321)
Ending Fund Balance ($1,215,214)
Components of Ending Fund Balance:
Nonspendable $511,000
Restricted 7,023,329
Assigned 0
Unassigned - Economic Uncertainties 0Unassigned (Available) Fund Balance ($8,749,543)
SACS BUDGET FORMS• Budget Certification• Average Daily Attendance• Revenue Limit Summary• Cash Flow Projection• Multi Year Projections – General Fund• Summary of Interfund Activities• Current Expense Formula/Minimum Classroom
Compensation• Schedule of Capital Assets – 2011/12• Schedule of Long-Term Liabilities – 2011/12• Other Funds• Criteria and Standards
NEXT STEPS• Staff will present a budget revision to the
Board within 45 days of the State adopting their 2012/13 Budget.
• Any questions?