1<br />Corona-Norco Unified School District<br />2009-2010Second Interim Budget<br />As of January 31, 2010<br />
Board Certification of Interim report<br />Board action is required to certify the financial condition of the district in ...
2009-2010GENERAL FUND BUDGET ASSUMPTIONS<br /><ul><li>ADA growth of 750 students
Includes net District Revenue Limit Deficit of -18.355%
Includes Other Revenue Limit reduction of $250 per ADA
$1.5 million ARRA used for Counselors and Librarians
No salary increases included
Costs to service salary schedules included
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2nd Interim 09-10 Budget Presention

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2nd Interim 09-10 Budget Presention

  1. 1. 1<br />Corona-Norco Unified School District<br />2009-2010Second Interim Budget<br />As of January 31, 2010<br />
  2. 2. Board Certification of Interim report<br />Board action is required to certify the financial condition of the district in accordance with the state adopted Criteria and Standards<br />Positive Certification – Based on current projections using criteria available, the Board of Education can certify the district will be able to meet its financial obligations for the current and two subsequent fiscal years.<br />2<br />
  3. 3. 2009-2010GENERAL FUND BUDGET ASSUMPTIONS<br /><ul><li>ADA growth of 750 students
  4. 4. Includes net District Revenue Limit Deficit of -18.355%
  5. 5. Includes Other Revenue Limit reduction of $250 per ADA
  6. 6. $1.5 million ARRA used for Counselors and Librarians
  7. 7. No salary increases included
  8. 8. Costs to service salary schedules included
  9. 9. Tier II & III categorical additional reduction (4.46%)
  10. 10. Adult Education and Deferred Maintenance income transferred to General Fund
  11. 11. Shifted Tier III categorical income not supporting salaries to General Fund
  12. 12. Other State, Federal and Local revenues adjusted to reflect current year awards</li></ul>3<br />
  13. 13. 2009-2010 Projected Revenues<br />4<br />
  14. 14. 2009-2010Projected Expenditures<br />5<br />
  15. 15. Multi-YearProjections<br />6<br />Assumptions for <br />2010-2011 and 2011-2012<br /><ul><li>ADA growth of 750 students
  16. 16. Includes -.38% funded COLA in 2010-2011
  17. 17. Includes zero COLA in 2011-2012
  18. 18. No salary increases included
  19. 19. Costs to service salary schedule included
  20. 20. Costs added for Ramirez Middle School opening in 2011-2012
  21. 21. One-time Federal Stimulus funding reversed</li></li></ul><li>Multi-YearProjections<br />7<br />Assumptions for <br />2010-2011 and 2011-2012 (continued)<br /><ul><li>Teachers, Counselors and Librarians moved back to General Fund from ARRA funding
  22. 22. Work year reduction savings reversed (furlough)
  23. 23. Increases in utilities and other contracted services included
  24. 24. Reduction for $31 million in unspecified cuts</li></li></ul><li>8<br />Multi-Year Budget Summary Projections<br />

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