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Budget Update. Budget Study Session January 19, 2010 Revised January 20, 2010. Objectives. Fiscal Solvency – Board Direction Employee salary rollbacks/furlough days Instructional program reduction December 8 th staff recommendations Other considerations Additional options. - PowerPoint PPT Presentation
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Budget Update
Budget Study Session January 19, 2010Revised January 20, 2010ObjectivesFiscal Solvency Board Direction
Employee salary rollbacks/furlough days
Instructional program reductionDecember 8th staff recommendationsOther considerations
Additional options
Critical TimelinesJanuary 13, 2010Governors Budget ConferenceJanuary 14, 2010Leadership Team MeetingBudget FreezeJanuary 19, 2010Budget Study Session Board4pm 6pmJanuary 21, 2010NegotiationsJanuary 26, 2010Community ForumFebruary 2, 2010Board MeetingFebruary 5, 2010NegotiationsFebruary 16, 2010Board MeetingFebruary 18, 2010NegotiationsMarch 2, 2010Board MeetingBudget ReductionsMarch 15, 2010Preliminary Layoff NoticesDeadlineMarch 16, 2010Board Meeting2nd Interim ReportDeadlineQualified Certification Implications 2nd Interim ReportEd Code 42127.6 states that the county superintendent must act: (One of more of the following actions)Assign a fiscal expert (county expense)Conduct a study of internal controls and assign a consultant (75% district: 25% county expense)Require additional financial reportingRequire the district to submit a plan of actionWithhold compensation of officialsComment on collective bargaining proposalsPrevented from issuing non-voter approved debt
Proposition 98 and the Education BudgetHighlights of the Education BudgetFlat funding under Proposition 98 in 2010-11$1.5 billion in cuts targeted to district administrationPersonnel and administrative reformsSuspension of almost all education mandatesNegative cost-of-living adjustment (COLA) produces no new fundingDeficit factor remains at record levelProposition 98 is still owed major sums$11.2 billion from past deficitsMore than $1 billion for unfunded mandatesDont plan to collect this yearRace to the Top (RTTT) is also a factor5Governors Budget Truth or Fiction?The Governor Protects EducationFiction Prop 98 is being manipulated
There are no new cuts to EducationFiction California schools lose another 4.1% on average
There are no midyear cuts to EducationTruth
The Governor honors past agreementsFiction A promise to pay a portion of the $11.2B settlement of Prop 98 Maintenance Factor has been delayed
Fiction $1B in Mandate Reimbursements owed from 2001-02 are still being deferred.even after a court ruling in favor of Education
Projected Impacts to IUSD2009-102010-112011-121st Interim Report projected shortfall$0($14,732,333)($37,270,683)Governors Proposed Reductions:Revenue Limit COLA ($638,281)$3,087,181Administrative Cuts ($-201 per ADA)$0($5,345,605)($5,395,855)ARRA Stabilization Funding($762,991)$0$0Tier III COLA $0($55,295)261,928District Issues:Health Benefits$0($1,701,265)($1,701,265)Total Projected Shortfall Revised($762,991)($22,472,779)($41,018,684)Projected vs. Actual Funding Per ADALoss of COLALoss of baseline dollars($566)($598)Hot TopicsStaff recommendation Budget Reduction / Adjustment List - December 8th Board Meeting
Budget Freeze
Tier III Discussion
Special Education
Critical Timeline
Common Message
Budget Reduction/AdjustmentStaff Recommendation December 8, 2009
Budget Reduction/AdjustmentStaff Recommendation January 19, 2010
Budget FreezeEffective Immediately
Includes:SpendingHiring (case by case basis)Travel
Specifics to follow via email
Inform your staff
Tier IIIProfessional Development
Focus on Each Student
Instructional Technology
21st Century Learning
School SafetySpecial Education(in millions)Increased Intervention FocusCommon MessageReductions will impact everyone and everything
Board liaison communication to parents
Forward all questions to Ian
Encourage parents to check
Budget Watch and NewsFlash
Anticipate additional District MeetingsNext StepsCommunity Forum Tuesday - January 26, 2010 7-10 pm