2nd Interim 09-10 Budget Presention

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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.
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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
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2009-2010 Projected Revenues
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2009-2010Projected Expenditures
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Multi-YearProjections
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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
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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

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Multi-Year Budget Summary Projections

2nd Interim 09-10 Budget Presention

by Corona Norco Unified School District

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