2017/18
Budget
Assumptions
Draft
Presented to the Board: March 23, 2017
Introduction
•
General Assumptions
•
Fund Balance
•
Revenues
•
Expenditures
• State Priorities
• District Operations
• One-time Expenditures
General Assumptions
3.
When the 2017-2018 State Budget May Revise is
announced, the assumptions will be adjusted
accordingly.
4.
The 2017-2018 budget public hearing will be
held at the June 1, 2017 Board meeting, and the budget
will be adopted at the June 15, 2017 Board meeting.
Fund Balance
Revenues
9.
2017-2018 represents the fifth year of LCFF
implementation. Unrestricted General Fund revenue is per the
LCFF Calculator from FCMAT (Fiscal Crisis and Management
Assistance Team).
•
2017-2018 COLA is estimated at 1.48%, applied to LCFF
target.
•
LCFF Gap is the difference between prior year funding
and budget year LCFF entitlement until full LCFF
implementation, currently set for 2020-2021. The 2017-2018
Gap Funding Rate is estimated at 23.67%.
Revenues – LCFF vs. Basic Aid
11. As the LCFF is nearly fully funded and revenue
increases to that funding formula will be based upon COLA
only, the District may be funded as either LCFF or Basic Aid.
Basic Aid funding could occur when the percent increase to
property taxes (assessed valuation) exceeds the percent
increase in state funded COLA, enrollment changes, or state
funding rates change.
Revenues - Enrollment
Revenues – Special Ed
15. Special Education state revenue will be budgeted
with 1.48% COLA. Special Education Federal revenue
will be budgeted at same level as in 2016-2017.
Expenditures – Employee Benefits
State Priority – Student Engagement
30. The Federal Magnet Grant funding ended in 2010-11.
The District will provide for the required components of
the International Baccalaureate (IB) and Montessori
programs.
State Priority – Other Student Outcomes
32. The District will continue to provide support for physical
education for elementary schools, student supervision, and
school office assistants.
Pending voter approval of Measure Y, the District will provide
support for music for elementary and middle schools, library
assistants, school custodians, and elementary assistant
principals.
State Priority – Implementation of CA Standards
33. Purchase of instructional materials and staff
development as necessary to implement California State
Standards and meet Williams Settlement requirements.
34. Technology for staff and/or students budgeted at
$500K of unrestricted general fund revenues is for
replacements of obsolete or broken devices and $350K for
new purchases (Chrome books). These funds may
carryover if needed.
One-time Expenditures
43. The Governor’s Proposed State Budget includes
an estimated $48/ADA in one-time funding for 2017-18
to count towards the mandated claims backlog.
One-time Expenditures
44.
One-time funds received in 2016-17 are projected to be
carryover to 2017-18 and be added to any additional one time funds
allocated in 2017-18, pending voter approval of Measure Y. The
expenditure plan of these funds is below:
Questions & Comments