SERRANO V. PRIEST - Calif. Supreme Court Case (1976 – orig. filed in 1968) that held the CA system of funding schools unconstitutional - because its reliance on property taxes made per pupil expenditures unequal. Court ordered that property taxes and per pupil expenditures should be equalized (within a $100 band)
PROPOSITION 13 - An initiative proposition (1978) creating a constitutional amendment to limit property tax increases to 1% a year and limited increases on assessed value to 2% a year. Effect was to shift funding schools from local property taxes to state funding of schools (also cities/counties) Impact on schools - more dependent on the state economy
PROPOSITION 98 - and its amendment “Proposition 111” A constitutional amendment to establish base minimum funding for K-14. It had four provisions and 3 tests modified by Prop. 111. . Prop. 98 also modified the Gann limit. Impact on schools - guaranteed funding, also tied in to the state economy
Account codes are prescribed by the state and found in the California School Accounting Manual. Account codes have 6 elements: fund/group, resource, project year, goal, function, and object/services.
Expenditures are shown in the series 1000-7000 – 1000’s are certified personnel, 2000’s are classified personnel, 3000’s benefits, 4000’s books and supplies, 5000’s are services and other operating expenditures, 6000’s capital outlay, 7000’s other outgo.
Salaries and Benefits are the largest expenditures (85 + %).