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2nd Interim 09-10 Budget Presention
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2nd Interim 09-10 Budget Presention

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    2nd Interim 09-10 Budget Presention 2nd Interim 09-10 Budget Presention Presentation Transcript

    • 1
      Corona-Norco Unified School District
      2009-2010Second Interim Budget
      As of January 31, 2010
    • Board Certification of Interim report
      Board action is required to certify the financial condition of the district in accordance with the state adopted Criteria and Standards
      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.
      2
    • 2009-2010GENERAL FUND BUDGET ASSUMPTIONS
      • 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
      • Tier II & III categorical additional reduction (4.46%)
      • Adult Education and Deferred Maintenance income transferred to General Fund
      • Shifted Tier III categorical income not supporting salaries to General Fund
      • Other State, Federal and Local revenues adjusted to reflect current year awards
      3
    • 2009-2010 Projected Revenues
      4
    • 2009-2010Projected Expenditures
      5
    • Multi-YearProjections
      6
      Assumptions for
      2010-2011 and 2011-2012
      • ADA growth of 750 students
      • Includes -.38% funded COLA in 2010-2011
      • Includes zero COLA in 2011-2012
      • No salary increases included
      • Costs to service salary schedule included
      • Costs added for Ramirez Middle School opening in 2011-2012
      • One-time Federal Stimulus funding reversed
    • Multi-YearProjections
      7
      Assumptions for
      2010-2011 and 2011-2012 (continued)
      • Teachers, Counselors and Librarians moved back to General Fund from ARRA funding
      • Work year reduction savings reversed (furlough)
      • Increases in utilities and other contracted services included
      • Reduction for $31 million in unspecified cuts
    • 8
      Multi-Year Budget Summary Projections