2012-13 Budget Assumptions            Devin Vodicka, EdDAssistant Superintendent, Business Services                       ...
Background• Governor’s May Revision proposal depends largely  on successful passage of November 2012 Tax  Initiative.• Sta...
What happens if …• If Initiative passes:   o Weighted Student Formula (WSF) could be implemented which would     result in...
Current Information• Assumptions impact projected revenues and  expenditures• Numerous sources utilized:  o   School Servi...
Revenue Assumptions                                      2012-13    2013-14    2014-15Revenue Limit COLA                  ...
Additional Revenue Assumptions• NCCSE Equalization: $651,000 additional revenue in  2012-13 with annual increase of equal ...
Expenditure Assumptions• At time of agenda publication, 0% salary schedule  increase was budgeted for certificated. Based ...
Additional Expenditure Assumptions• Worker’s Comp rate reduced from 1.74% to 1.62%• Unemployment Insurance reduced from 1....
Class Sizes              Kindergarten 1st-3rd   4th-5th   6th-8th   9th-12th              (Half-Day    Grade     Grade    ...
Expenditure Reductions• $2.3 million in cuts on November 9, 2011• $1.4 million in cuts on February 8, 2012• Relocate Carls...
Outer Year Assumptions• New Staff projected in 2013-14 for opening of Sage  Creek High School   o Included in Sage Creek b...
Recommendation• It is respectfully recommended that the Board  accept the Budget Assumptions as presented.                ...
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2012-13 Budget Assumptions

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Approved by the CUSD School Board on June 13, 2012.

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2012-13 Budget Assumptions

  1. 1. 2012-13 Budget Assumptions Devin Vodicka, EdDAssistant Superintendent, Business Services 6/13/2012 1
  2. 2. Background• Governor’s May Revision proposal depends largely on successful passage of November 2012 Tax Initiative.• State revenues are lower than projected 6/13/2012 2
  3. 3. What happens if …• If Initiative passes: o Weighted Student Formula (WSF) could be implemented which would result in a reduction of categorical funding • Schools for Sound Finance update on 6/11/12 indicates that “WSF is off the table” for 2012-13• If Initiative fails: o Schools can anticipate a revenue reduction of $441 per Average Daily Attendance (ADA) • Approximately $4.7 million for CUSD 6/13/2012 3
  4. 4. Current Information• Assumptions impact projected revenues and expenditures• Numerous sources utilized: o School Services of California o San Diego County Office of Education o San Diego County Tax Assessors o North Coastal Consortium for Special Education o Schools for Sound Finance• As conditions change, assumptions and projected are adjusted to reflect most recent updates 6/13/2012 4
  5. 5. Revenue Assumptions 2012-13 2013-14 2014-15Revenue Limit COLA 0% 2.50% 2.70%K-12 Enrollment Growth 0 0 0Average Daily Attendance (ADA) 10,616 10,616 10,616Local Property Taxes -0.24% 1% 2%Redevelopment Agency Funds (RDA) 0 0 0Revenue Limit Deficit -22.272% -22.272% -22.272%Basic Aid “Fair Share” Cut 9.57% 8.92% 8.92%Governor’s Tax Initiative “Trigger” 0 $441/ADA $441/ADAReductionMandated Costs 0 0 0 6/13/2012 5
  6. 6. Additional Revenue Assumptions• NCCSE Equalization: $651,000 additional revenue in 2012-13 with annual increase of equal amount until 2014-15.• Special Ed Transportation State Funding Restored. 6/13/2012 6
  7. 7. Expenditure Assumptions• At time of agenda publication, 0% salary schedule increase was budgeted for certificated. Based on Tentative Agreement with CUTA signed on 6/11/12, a reduction of 2.71% will be implemented in 2012- 13.• Projected increase in Health and Welfare of 10% effective December. CUSD covers 75% of the increase.• PERS rate increases from 10.923% to 11.417%.• STRS rate remains unchanged. 6/13/2012 7
  8. 8. Additional Expenditure Assumptions• Worker’s Comp rate reduced from 1.74% to 1.62%• Unemployment Insurance reduced from 1.61% to 1.10%• Retiree benefit costs projected to increase by $300,000 in 2012-13 6/13/2012 8
  9. 9. Class Sizes Kindergarten 1st-3rd 4th-5th 6th-8th 9th-12th (Half-Day Grade Grade Grade Grade CSR)2009-10 32 20 32 33 342010-11 32 22 32 33 342011-12 32 32 32 33 342012-13 33 32 32 33 38.5(projected)2013-14 33 32 36 36 38.5(projected)2014-15 33 32 36 36 38.5(projected) 6/13/2012 9
  10. 10. Expenditure Reductions• $2.3 million in cuts on November 9, 2011• $1.4 million in cuts on February 8, 2012• Relocate Carlsbad Village Academy o savings of approximately $400,000• Employee Compensation Reductions: o LIUNA Agreement to restructure benefits and take pay cuts o CUTA Agreement to take pay cuts o Management pay cuts o Total Employee cuts of approximately $2.0 million• Total Expenditure Reductions of $6.1 million 6/13/2012 10
  11. 11. Outer Year Assumptions• New Staff projected in 2013-14 for opening of Sage Creek High School o Included in Sage Creek budget of $1.3 million• Cultural Arts Center (CAC) likely to exhaust reserve in 2012-13, impacting other areas unless facility usage increases significantly. o Annual expense of over $200,000 6/13/2012 11
  12. 12. Recommendation• It is respectfully recommended that the Board accept the Budget Assumptions as presented. 6/13/2012 12

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