Proposed 2018-19 Budget June 5, 2018 · 05/06/2018 · Revenue Assumptions 2017-18 LCFF Funding of $54.2M, $2.9M of which is the final gap funding increase $5.7M of LCFF funding

Proposed 2018-19 Budget June 5, 2018

Newark Unified School District

Agenda

2

State Budget Process Key Assumptions LCFF, Budget and MYP STRS and PERS Prudence and Next Steps

State Budget Process

Page 3

January Governor’s proposed budget for budget year

February Legislative Analyst review with comments

April Statutory COLA recalculated

May “May Revise” reflects tax adjustments

June 15 (or later) Final adopted State budget

COLAs, “gap” funding Potential additional programs, or funding changes

November Legislative Analyst Report (LAO Report)

Projections for next year based on tax collections and economic predictors

January Governor’s proposed budget for next budget year…

State Budget as of May Revise

4

The Governor continues the commitment to full LCFF implementation COLA increased to 2.71%, plus a small augmentation brings the

total to a 3% increase to the LCFF target rates

$2B in one-time discretionary funds, equaling approx. $345 per ADA

Continues on-going $200M to career tech One-time funds for special education teacher recruitment

and retention, support for an Early Math initiative, and creating a Community Engagement initiative

District Budget Assumptions - Revenue

5

Enrollment assumptions are per District’s second interim report. The ADA-to-enrollment yield increased for 2017-18, so ADA is projected slightly higher for adopted budget

LCFF factors are per May Revise One-time revenues are included in the budget, but may end up at a

different amount. Adjustments will be made once a final amount is known.

Adjustments to Initial Budget Numbers

6

All required public hearing budget documents and data in draft form were available for the public last Friday Verified items needed to be displayed and made available with the

Alameda COE, and they are pleased we met the requirements With time to make comparisons to prior reports and analyze in

more detail, some changes were made to the proposed budget and are incorporated tonight Special Education costs adjusted both up and down with a net

increase in contribution Compared estimated salary budgets between 2nd Interim and

Proposed Budget, noting reduction in teachers of 5.2 rather than 8.0 projected due to location of students and classroom needs

Added in $700K for textbook adoptions which was not in the original budget document

Revised current year estimated actual budget savings As always, the budget will be continually reviewed and updated

based on new information gathered throughout the year

District Budget Assumptions - Expenditures

7

Most Board approved budget reductions have been implemented, including FTEs and site allocations FTE reduction for increasing class sizes was implemented at a

smaller level, with 5.2 FTE reduction realized through attrition Pension rate increases are reflected in all years

Revenue Assumptions 2017-18 LCFF Funding of $54.2M, $2.9M of which is the final gap

funding increase $5.7M of LCFF funding is designated supplemental/

concentration to be used to increase or improve services to identified students per the LCAP

Lottery is estimated to be funded at $146 per ADA for unrestricted purposes, and $48 for restricted purposes

Mandated Cost Block Grant budgeted at $31.10 per K-8 ADA and $59.71 for 9-12 ADA

One-Time Mandated Cost reimbursement is projected to be $345 per ADA (approx $2M)

One-time revenue or programs that are ending were removed from the budget including Educator Effectiveness, College and Career Readiness, and Prop 39 energy grants which will continue to spend carryover dollars

Increased the contribution of unrestricted dollars to special education and to the Routine Restricted Maintenance Account 8

Revenue: EPA – part of LCFF

Education Protection Account (EPA) K-14 general purpose funds must be utilized for instructional purposes EPA dollars are not “new” or “additional” monies but are part of the

District’s unrestricted LCFF State Aid.

9

Gap Funding Under LCFF

10

The difference between the calculated “Target” funding and the actual annual entitlement is the Gap (goes to 0% gap this year!) The original gap for NUSD was $14.7M Final gap amount is $2.9M to be paid during 2018-19

The Gap

Contributions to Restricted Programs

11

Contributions increased for both special education and Routine Restricted Maintenance Account Contribution to RRMA was increased back to the historic

requirement of 3%

Revenue Summary

12

LCFF is by far the largest funding source Federal Revenue includes Title I, Title II, IDEA State Revenue includes lottery, mandated costs, ASES Local Revenue includes local grants, interest

Expenditure Assumptions

13

All salary increases are reflected per position control Step increases of 1.7% for certificated and 0.7% for classified Recent tentative agreement with NTA reflected in budget ($340K) Other groups’ assumed settlement set aside in fund balance ($176K)

STRS and PERS employer rates increasing each year STRS from 14.43% to 16.28% in 2018-19 ($608K additional) PERS from 15.531% to 18.06% in 2018-19 ($220K additional)

$700K for textbook adoptions $5.9M Education Protection Account funds are budgeted strictly

for instructional salaries/benefits and are part of LCFF funding LCAP supplemental/concentration funding agrees to LCFF

calculated amount of $5.7M Removed one time costs and expenditures for programs that are

ending

General Fund Expenditures

14

Operating Fund for the district

DESCRIPTION UNRESTRICTED RESTRICTED COMBINEDCertificated Salaries 27,606,809 4,788,229 $32,395,038Classified Salaries 5,575,781 3,107,483 $8,683,264Benefits 8,814,735 5,128,075 $13,942,810Books and Supplies 2,209,036 551,011 $2,760,047Other Services & Oper. 4,152,970 3,741,265 $7,894,235Capital Outlay 35,934 59,242 $95,176Other Outgo/Transfer 969,359 0 $969,359Transfers Out 34,016 0 34,016TOTAL 49,398,640 17,375,305 $66,773,945

General Fund

Newark USD

2018-19 Adopted Budget

General Fund

General Fund

DescriptionUnrestrictedRestrictedFundTotal

REVENUES

General Purpose (LCFF) Revenues:

State Aid & EPA29,597,937309,58229,907,519

Property Taxes & Misc. Local24,562,011- 024,562,011

Total General Purpose54,159,948309,582- 054,469,530

Federal Revenues- 02,110,0412,110,041

Other State Revenues3,080,3653,620,4186,700,783

Other Local Revenues547,2332,883,6603,430,893

TOTAL - REVENUES57,787,5468,923,701- 066,711,247

EXPENDITURES

Certificated Salaries27,606,8094,788,22932,395,038

Classified Salaries5,575,7813,107,4838,683,264

Employee Benefits (All)8,814,7355,128,07513,942,810

Books & Supplies2,209,036551,0112,760,047

Other Operating Expenses (Services)4,152,9703,741,2657,894,235

Capital Outlay35,93459,24295,176

Other Outgo969,359- 0969,359

Direct Support/Indirect Costs(959,427)764,279(195,148)

TOTAL - EXPENDITURES48,405,19718,139,584- 066,544,781

EXCESS (DEFICIENCY)9,382,349(9,215,883)- 0166,466

OTHER SOURCES/USES

Transfers In- 0- 0

Transfers (Out)- 0- 0- 0

Net Other Sources (Uses)(34,016)- 0(34,016)

Contributions (to Restricted Programs)(9,248,436)9,248,436- 0

TOTAL - OTHER SOURCES/USES(9,282,452)9,248,436- 0(34,016)

FUND BALANCE INCREASE (DECREASE)99,89732,553- 0132,450

FUND BALANCE

Beginning Fund Balance3,695,603509,3264,204,929

Ending Balance, June 303,795,500541,879- 04,337,379

2017-18 MYP First Interim Statement - General Fund 12-5-2017

MYP Adopt Budget

hide columns for printhide columns for print

Estimated ActualAdopted BudgetProjectionProjection

2017-182018-19Adjustments to prior year2019-20Adjustments to prior year2020-21

UnrestrictedRestrictedCombinedUnrestrictedRestrictedCombinedUnrestrictedRestrictedUnrestrictedRestrictedCombinedUnrestrictedRestrictedUnrestrictedRestrictedCombined

Revenue

General Purpose50,638,687308,19550,946,88254,159,948309,58254,469,53012,316,362056,476,310309,58256,785,89211,886,898058,363,208309,58258,672,790

Federal Revenue2,185,6682,185,6682,110,0412,110,04102,110,0412,110,04102,110,0412,110,041

State Revenue1,909,3013,883,6575,792,9583,080,3653,620,4186,700,7832(1,980,267)01,100,0983,620,4184,720,516201,100,0983,620,4184,720,516

Local Revenue622,1833,059,9443,682,127547,2332,883,6603,430,89300547,2332,883,6603,430,893547,2332,883,6603,430,893

Total Revenue 53,170,1719,437,46462,607,63557,787,5468,923,70166,711,247336,095058,123,6418,923,70167,047,3421,886,898060,010,5398,923,70168,934,240

Expenditures

Certificated Salaries27,522,7394,322,32131,845,06027,606,8094,788,22932,395,0383323,00081,40027,929,8094,869,62932,799,4383474,80081,40028,404,6094,951,02933,355,638

Classified Salaries6,064,7312,805,5988,870,3295,575,7813,107,4838,683,264340,10022,4005,615,8813,129,8838,745,764340,40022,4005,656,2813,152,2838,808,564

Benefits8,577,1424,960,55313,537,6958,814,7355,128,07513,942,8104748,900169,0949,563,6355,297,16914,860,8044809,300207,04610,372,9355,504,21515,877,150

Books and Supplies1,300,460614,3391,914,7992,209,036551,0112,760,047300,00002,509,036551,0113,060,047(1,000,000)01,509,036551,0112,060,047

Other Services & Oper. Expenses3,845,3144,716,2958,561,6094,152,9703,741,2657,894,2350541,8794,152,9704,283,1448,436,1140(476,773)4,152,9703,806,3717,959,341

Capital Outlay54,670161,635216,30535,93459,24295,176035,93459,24295,176035,93459,24295,176

Other Outgo 7xxx969,359969,359969,3590969,3590969,3590969,359969,3590969,359

Transfer of Indirect 73xx(783,892)607,228(176,664)(959,427)764,279(195,148)(959,427)764,279(195,148)(959,427)764,279(195,148)

Total Expenditures 47,550,52318,187,96965,738,49248,405,19718,139,58466,544,7811,412,000814,77349,817,19718,954,35768,771,554324,500(165,927)50,141,69718,788,43068,930,127

Deficit/Surplus 5,619,648(8,750,505)(3,130,857)9,382,349(9,215,883)166,466(1,075,905)(814,773)8,306,444(10,030,656)(1,724,212)1,562,398165,9279,868,842(9,864,729)4,113

Other Sources/(uses)000000000

Transfers in/(out)3,257,5603,257,560(34,016)(34,016)0(34,016)0(34,016)0(34,016)0(34,016)

Contributions to Restricted(8,104,233)8,055,117(49,116)(9,248,436)9,248,43605(272,894)272,894(9,521,330)9,521,33005(310,846)310,846(9,832,176)9,832,1760

Net increase (decrease) in Fund Balance 772,975(695,388)77,58799,89732,553132,450(1,348,799)(541,879)(1,248,902)(509,326)(1,758,228)1,251,552476,7732,650(32,553)(29,903)

Beginning Balance 2,922,6281,204,7144,127,3423,695,603509,3264,204,9293,795,500541,8794,337,3792,546,59832,5532,579,151

Ending Balance 3,695,603509,3264,204,9293,795,500541,8794,337,3792,546,59832,5532,579,1512,549,24802,549,248

Revolving/Stores/Prepaids147,095147,095147,095147,095147,095147,095147,095147,095

Reserve for Econ Uncertainty (3%)1,972,1551,972,1551,997,3641,997,3642,064,1672,064,1672,068,9242,068,924

Restricted Programs509,326509,326541,879541,87932,55332,55300

Assigned for Salary Increases0176,000176,00088,00088,00088,00088,000

Other Assignments0000

Unappropriated Fund Balance1,576,35301,576,3531,475,04101,475,041247,3360247,336245,2290245,229

Unappropriated Percent2.4%2.2%0.4%0.4%

Notes:

1 District is expected to receive full LCFF target funding beginning in 2018-19.

2 In FY17-18 the Charter added in one-time mandated cost funds of $147 per student, per enacted state budget. The one-time funds provided in the 2018 May Revise are approximately $345 per student and are included in the budget. These dollars are removed in subsequent years.

3 Projections include step movement for all employees, plus salary increase of 1.0% for teachers. Remaining groups' assumed salary settlements are assigned in fund balance.

4 Projections include estimated increases in state pension percentages for both STRS & PERS.

5 Additional contributions relate to the projected increase of special education costs and bringing the RRMA to the historical level of 3%.

6 $300K added to textbook adoption budget in 2019-20. In 2020-21, entire $1M textbook budget removed from projections.

&16Newark Unified School District&14Adopted&16 Budget 2018-19 and Multi-Year Projection

&D 2017-18 Interim Budget and MYP

adj to myp UR

Object Code5750Impact FB

Adjustments for MYP 19-2010002000300040005000600070008000

Reverse One-Time Mandated Cost Revenue ($345/ADA)(1,980,267)(1,980,267)

Add in Estimate for add'l One-Time Mandated Revenue ($___)--

Additional LCFF Funding2,316,3622,316,362

step/column (1.7%, 0.72%))461,00040,100127,000(628,100)

-

Remove one-time .5% off schedule NTA (138,000)(32,000)170,000

Additional STRS contributions (incr 1.85%)510,700(510,700)

Additional PERS Contribution (incr 2.57%)143,200(143,200)

ADd One-Time Expenditures - add'l over 18-19 to $1M300,000(300,000)

-

-

-

-

323,00040,100748,900300,000---336,095(1,075,905)

Object CodeImpact FB



step/column (1.7%, 0.72%))474,80040,400141,000(656,200)



New/Reduced FTE--

Remove one-time textbook adoptions(1,000,000)-1,000,000

Health & Welfare Increase (prmium incr)--

Other-

474,80040,400809,300(1,000,000)---18868981562398

Unrestricted Adjustments

adj to myp R

Object Code

Adjustments for MYP 19-2010002000300040005000600070008000total

add'l --

step/column (1.7%, 0.72%))81,40022,40030,594(134,394)

Remove one-time rev/exp-

-

Health & Welfare (premium incr)-

-


-


-

-

-

-

-

-

-

-

81,40022,400169,094----272,894(272,894)

Object Code


add'l-

step/column (2.5%, 3.0%)81,40022,40032,446

Additional STRS contributions (incr 1.85%)90,100

Additional PERS Contribution (incr 2.7%)84,500

Health & Welfare (primium incr)-

81,40022,400207,046----310,846

Restricted Adjustments

components of FB

NEWARK UNIFIED SCHOOL DISTRICT


Multi-Year Fund Balance Component Summary

2016-17 Unaudited Actuals2018-19 Adopted Budget2019-20 Projected Budget2020-21 Projected Budget2020-21 Projected Budget

DescriptionUnrestrictedRestrictedCombinedUnrestrictedRestrictedCombinedUnrestrictedRestrictedCombinedUnrestrictedRestrictedCombinedUnrestrictedRestrictedCombined

NONSPENDABLE

Revolving Cash/Prepaids12,00012,000147,095147,095147,095147,095147,095147,095147,095147,095

Other22,93422,934- 0- 0- 0- 0- 0- 0- 0- 0

TOTAL - NONSPENDABLE34,934- 034,934147,095- 0147,095147,095- 0147,095147,095- 0147,095147,095- 0147,095

RESTRICTED

Restricted Categorical Balances1,563,7681,563,768541,879541,87932,55332,553- 0- 0- 0- 0

TOTAL - RESTRICTED- 01,563,7681,563,768- 0541,879541,879- 032,55332,553- 0- 0- 0- 0- 0- 0

ASSIGNED

17-18 Projected Deficit6,674,9656,674,965- 0- 0- 0- 0- 0- 0

19-20 Projected Deficit8,373,8888,373,8881,248,9021,248,902- 0- 0- 0- 0- 0

20-21 Projected Deficit- 0- 0

One-Time Mandated Cost funds- 0

Remaining Salary Settlements200,000200,000176,000176,00088,00088,00088,00088,00088,00088,000

Instructional Technology150,000150,000- 0- 0- 0- 0- 0- 0

Staff Development- 0- 0- 0- 0- 0- 0- 0- 0

Textbook Adoptions528,879528,879- 0- 0- 0- 0- 0

- 0

TOTAL - ASSIGNED15,927,733- 015,927,7331,424,902- 01,424,90288,000- 088,00088,000- 088,00088,000- 088,000

UNASSIGNED

Economic Uncertainty (REU-3%)14,156,64814,156,6481,997,3641,997,3642,064,1672,064,1672,068,9242,068,92415,526,00015,526,000

Amount Above REU8,565,4818,565,4811,475,0411,475,041247,336247,336245,229245,229(2,970,239)(2,970,239)

TOTAL - UNASSIGNED22,722,129- 022,722,1293,472,405- 03,472,4052,311,503- 02,311,5032,314,153- 02,314,15312,555,761- 012,555,761

TOTAL - FUND BALANCE38,684,7961,563,76840,248,5645,044,402541,8795,586,2812,546,59832,5532,579,1512,549,248- 02,549,24812,790,856- 012,790,856

Statement of Reasons

The District's Fund Balance includes assigned, unassigned and unappropriated components, that in total are greater than the Minimum Recommended Reserve for Economic Uncertainties because: the District wants to demonstrate fiscal stability and be prepared for a future downturn in the economy, in funding, or unanticipated enrollment trends. The Government Financial Officers Association (GFOA) recommends a prudent reserve of 17%, representing two months' average payroll. The district has less than 3% additional reserves not specifically assigned, committed, or above the statutory reserve for economic uncertainty which is well below the recomendations of outside authorities.

Other Funds

Fund2017-18 Fund BalanceBudgeted Net Change2018-19 Fund Balance

General (Unrestricted and Restricted)$4,204,929$132,450$4,337,379

Adult Ed$19$23,152$23,171

Child Development$57,021$54,957$111,978

Cafeteria$698,161($24,423)$673,738

Special Reserve for Other Than Capital Outlay$1,887,597$22,000$1,909,597

Building Fund$11,448,024($303,748)$11,144,276

Capital Facilities$8,493,633$3,094,400$11,588,033

Special Reserve for Capital Outlay$10,550,471($704,583)$9,845,888

Bond Interest and Redemption$7,970,664$3,000$7,973,664

Self-Insurance$2,478,276($353,920)$2,124,356

change since second interim

Changes Since First Interim

Impact on Fund Balance 2017-18

Excess of Expenditures over Revenues at First Interim772,975

Revenue Changes

LCFF Funding - ADA and gap changes 13,521,261

State Revenue 2907,825

Local Revenue 3(251,234)

Total Revenue Changes4,177,8524,177,852

Expenditure Changes

Certificated Salaries 4, 5549,978

Classified Salaries 4(187,065)

Benefits - to reflect above salary changes 4405,115

Books and Supplies 5845,248

Professional Services, Operations 6,7(667,374)

Capital Outlay(121,129)

Other Outgo 60

Total Expenditure Changes824,773(824,773)

Revised Excess of Expenditures over Revenues Second Interim4,126,054

1 LCFF funding changed due to slight change in ADA and gap funding factor

2 State funding increased due to adding in the one-time state mandated funds ($38,508) and receipt of final Prop 39 CEC payments ($47,000)

3 Reduced based on revised estimate of Foundation contribution for year

4 Net change due to removing CBO salary costs and adding in interim ops support

5 Net change due to aligning budgets to actual spending patterns

6 Net change due to reflecting special ed costs per NUSD direction. Moved to Restricted for future budgeting purposes.

7 Net change due to adding interim CBO services as consultant rather than employee

&D 2017-18 Unrestricted Chages Since Adopted Budget

summ myp for ppt

Multi-Year Projection (Total GF)

DescriptionAdopted Budget 2018-19Projected 2019-20Projected 2020-21

Total Revenues66,711,24767,047,34268,934,240

Total Expenditures66,544,78168,771,55468,930,127

Excess/(Deficiency)166,466(1,724,212)4,113

Other Sources/Uses(34,016)(34,016)(34,016)

Net Increase/(Decrease)132,450(1,758,228)(29,903)

Add: Beginning Fund Balance4,204,9294,337,3792,579,151

Ending Fund Balance4,337,3792,579,1512,549,248

&D 2017-18 Multi-Year Projection (Total GF)

summ bud for ppt

Novato Charter School

Adopted Budget 2018-19

DescriptionUnrestrictedRestrictedTotal

Total Revenues57,787,5468,923,70166,711,247


Excess/(Deficiency)9,382,349(9,215,883)166,466

Other Sources/Uses 1(9,282,452)9,248,436(34,016)

Net Increase/(Decrease)99,89732,553132,450

Add: Beginning Fund Balance3,695,603509,3264,204,929

Ending Fund Balance3,795,500541,8794,337,379

&D 2017-18 First Interim General Fund Unrestricted and Restricted

SSC Chart

2017-182018-192018-192019-202019-202020-212020-212021-222021-222022-232022-23

LCFF Funding$ 549$ 384$ 311ERROR:#REF!ERROR:#REF!

SE Contr Incr196.6934.1950.44150.85165.94

Salary Incr150.89131.15130.29158.21162.96

PERS/STRS146.82133.84115.64135.49135.49

ERROR:#REF!ERROR:#REF!

LCFF Funding50,894,89354,159,94856,476,31058,363,208ERROR:#REF!ERROR:#REF!

SE Contribution6,082,9627,252,0937,458,1837,764,2728,540,6999,394,769

Salary Increase896,888790,594790,594814,312838,741

PERS/STRS872,690806,800701,708697,348697,348

Enrollment589459446028606851475147

LCFF Funding2018-192018-192019-202019-202020-212020-21549.30265814266488384.26708692767085310.95880026367831SE Contr Incr2018-192018-192019-202019-202020-212020-21196.6908361372813134.18892003981413650.443113052076555Salary Incr2018-192018-192019-202019-202020-212020-21150.88963660834455131.15361645653616130.28905735003295PERS/STRS2018-192018-192019-202019-202020-212020-21146.8186432385597133.84207033842071115.64074960448255

charts.rev

DESCRIPTIONUNRESTRICTEDCOMBINED AMOUNT

General Purpose (LCFF) Revenue$54,159,948$54,469,530

Federal$0$2,110,041

State Revenue $3,080,365$6,700,783

Local Revenue$547,233$3,430,893

TOTAL$57,787,546$66,711,247

Page &P of &N

General Purpose (LCFF) RevenueFederalState Revenue Local Revenue54469530211004167007833430893

charts.exp

Total General Fund

DESCRIPTIONUNRESTRICTEDRESTRICTEDCOMBINED

Certificated Salaries27,606,8094,788,229$32,395,038

Classified Salaries5,575,7813,107,483$8,683,264

Benefits8,814,7355,128,075$13,942,810

Books and Supplies2,209,036551,011$2,760,04785%82%

Other Services & Oper. 4,152,9703,741,265$7,894,235

Capital Outlay35,93459,242$95,176

Other Outgo/Transfer969,3590$969,359

Transfers Out34,016034,016

TOTAL49,398,64017,375,305$66,773,945

&D &F &APage &P of &N

Certificated SalariesClassified SalariesBenefitsBooks and SuppliesOther Services & Oper. Capital OutlayOther Outgo/TransferTransfers Out32395038868326413942810276004778942359517696935934016

contributions

Contributions From Unrestricted to Restricted

Resource2017-18 Estimated Actuals2018-19 Budget

65xxSpecial Education6,757,7347,466,316

8150Routine Restricted Maintenance Account1,297,3671,782,120

8,055,1019,248,436

Fd 120Contribution to Child Development42,440- 0

Fd 110Contribution to Adult Education- 034,016

EPA

Education Protection Account (EPA) Fiscal Year Ending June 30, 2019

Actual EPA Revenues:

Estimated EPA Funds$ 5,932,848

Actual EPA Expenditures:

Certificated Instructional Salaries$ 5,932,849

Balance$ (1)

lcff

LCFF Calculator Universal Assumptions

Newark Unified (61234) - 1819 Budget - May Revise 18195/14/18

Summary of Funding

2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-25

Target Components:

Base Grant46,798,00446,299,18045,944,76844,412,60044,241,25045,883,79847,683,18249,289,73350,715,10952,216,99753,691,04955,188,185

Grade Span Adjustment1,842,3101,798,9251,760,2941,694,4761,706,2391,796,9601,918,8551,993,6562,052,1152,106,5132,135,7082,195,223

Supplemental Grant5,787,2265,626,5165,462,2305,149,2385,106,6045,365,9935,629,8315,820,6655,989,0796,166,8056,337,454-

Concentration Grant1,091,976839,311536,683193,649130,950302,773434,018448,730461,712478,048491,275-

Add-ons810,424810,424810,424810,424810,424810,424810,424810,424810,424810,424810,424810,424

Total Target56,329,94055,374,35654,514,39952,260,38751,995,46754,159,94856,476,31058,363,20860,028,43961,778,78763,465,91058,193,832

Transition Components:

Target$ 56,329,940$ 55,374,356$ 54,514,399$ 52,260,387$ 51,995,467$ 54,159,948$ 56,476,310$ 58,363,208$ 60,028,439$ 61,778,787$ 63,465,910$ 58,193,832

Funded Based on Target Formula (based on prior year P-2 certification)FALSEFALSEFALSEFALSEFALSEFALSETRUETRUETRUETRUETRUETRUE

Floor41,628,82142,758,44545,853,47449,052,05749,988,21951,243,10154,786,37555,093,33155,090,12255,257,12855,324,54455,322,134

Remaining Need after Gap (informational only)12,936,7358,810,9324,108,9491,409,2011,100,574- 0- 0- 0- 0- 0- 0- 0

Current Year Gap Funding1,764,3843,804,9794,551,9761,799,129906,6742,916,847- 0- 0- 0- 0- 0- 0

Miscellaneous Adjustments- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Economic Recovery Target- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Additional State Aid- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Total LCFF Entitlement$ 43,393,205$ 46,563,424$ 50,405,450$ 50,851,186$ 50,894,893$ 54,159,948$ 56,476,310$ 58,363,208$ 60,028,439$ 61,778,787$ 63,465,910$ 58,193,832

TRUETRUETRUETRUE

Components of LCFF By Object Code

2012-132013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-25

8011 - State Aid$ 10,733,622$ 20,366,885$ 20,883,947$ 22,234,438$ 21,377,577$ 20,648,520$ 23,665,089$ 25,562,948$ 27,244,781$ 28,912,156$ 30,550,934$ 32,193,019$ 26,922,551

8011 - Fair Share - 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

8311 & 8590 - Categoricals8,513,029- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

EPA (for LCFF Calculation purposes)7,260,3886,995,0298,702,7648,270,5337,686,2765,684,3625,932,8486,351,3516,556,4166,554,2726,665,8426,710,8806,709,270

Local Revenue Sources:

8021 to 8089 - Property Taxes16,031,29116,976,71319,900,47921,787,33324,562,01124,562,01124,562,01124,562,01124,562,01124,562,01124,562,01124,562,011

8096 - In-Lieu of Property Taxes- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Property Taxes net of in-lieu15,749,33416,031,29116,976,71319,900,47921,787,33324,562,01124,562,01124,562,01124,562,01124,562,01124,562,01124,562,01124,562,011

TOTAL FUNDING$ 42,256,373$ 43,393,205$ 46,563,424$ 50,405,450$ 50,851,186$ 50,894,893$ 54,159,948$ 56,476,310$ 58,363,208$ 60,028,439$ 61,778,787$ 63,465,910$ 58,193,832

Basic Aid StatusNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic Aid

Less: Excess Taxes$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0

Less: EPA in Excess to LCFF Funding$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0

Total Phase-In Entitlement$ 43,393,205$ 46,563,424$ 50,405,450$ 50,851,186$ 50,894,893$ 54,159,948$ 56,476,310$ 58,363,208$ 60,028,439$ 61,778,787$ 63,465,910$ 58,193,832

8012 - EPA Receipts (for budget & cashflow)$ 7,216,188$ 7,008,816$ 8,699,626$ 8,239,114$ 7,708,662$ 5,726,946$ 5,932,848$ 6,351,351$ 6,556,416$ 6,554,272$ 6,665,842$ 6,710,880$ 6,709,270

Summary of Student Population

2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-25

Unduplicated Pupil Population

Agency Unduplicated Pupil Count3,744.003,562.003,287.003,233.003,345.003,373.003,421.003,444.003,442.003,456.003,461.00- 0

COE Unduplicated Pupil Count- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Total Unduplicated pupil Count3,744.003,562.003,287.003,233.003,345.003,373.003,421.003,444.003,442.003,456.003,461.00- 0

Rolling %, Supplemental Grant59.4900%58.4900%57.2500%55.8400%55.5700%56.2700%56.7500%56.7500%56.7500%56.7600%56.7600%0.0000%

Rolling %, Concentration Grant59.4900%58.4900%57.2500%55.8400%55.5700%56.2700%56.7500%56.7500%56.7500%56.7600%56.7600%0.0000%

FUNDED ADA

Adjusted Base Grant ADAPrior YearPrior YearPrior Year Prior YearCurrent YearCurrent YearCurrent YearCurrent YearPrior YearCurrent YearCurrent YearPrior Year

Grades TK-31,931.881,876.901,800.541,743.161,720.651,781.141,875.061,894.441,894.441,899.631,877.501,877.50

Grades 4-61,424.051,389.931,390.681,333.591,283.651,250.661,204.951,255.881,255.731,333.301,376.441,376.40

Grades 7-8862.25914.71881.62907.25851.90899.46917.82858.15857.97821.81838.61838.54

Grades 9-122,025.701,948.711,943.031,837.521,846.661,818.441,830.791,858.811,858.741,833.171,803.861,803.67

Total Adjusted Base Grant ADA6,243.886,130.256,015.875,821.525,702.865,749.715,828.625,867.285,866.885,887.915,896.415,896.10

Necessary Small School ADACurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent year

Grades TK-3- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Grades 4-6- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Grades 7-8- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Grades 9-12- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Total Necessary Small School ADA- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Total Funded ADA6243.886130.256015.875821.525702.865749.715828.625867.285866.885887.915896.415896.10

ACTUAL ADA (Current Year Only)

Grades TK-31,876.091,801.531,742.161,681.841,720.651,781.141,875.061,894.441,902.291,899.631,877.501.95

Grades 4-61,392.201,389.551,330.861,313.331,283.651,250.661,204.951,255.881,288.911,333.301,376.441.55

Grades 7-8913.47882.31908.29873.32851.90899.46917.82858.15814.95821.81838.611.14

Grades 9-121,955.871,943.251,837.561,757.091,846.661,818.441,830.791,858.811,858.211,833.171,803.862.98

Total Actual ADA6,137.636,016.645,818.875,625.585,702.865,749.715,828.625,867.285,864.375,887.915,896.417.62

Funded Difference (Funded ADA less Actual ADA)106.25113.61197.00195.94- 0- 0- 0- 02.51- 0- 05,888.49

LCAP Percentage to Increase or Improve Services

2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-25

Estimated Total LCFF Funding43,393,205$ 46,563,424$ 50,405,450$ 50,851,186

Estimated Base GrantN/A$ 42,914,489$ 45,095,482$ 45,068,299

Estimated Total of Supplemental and Concentration GrantsN/A$ 2,838,511$ 4,499,544$ 4,972,463

Proportional Increase or Improvement in ServicesN/A6.61%9.98%11.03%

Current year estimated supplemental and concentration grant funding in the LCAP year$ 2,838,511$ 4,499,544$ 4,972,463$ 5,092,205$ 5,668,766$ 6,063,849$ 6,269,395$ 6,450,791$ 6,644,853$ 6,828,729$ - 0

Current year Percentage to Increase or Improve Services6.61%9.98%11.03%11.32%11.89%12.22%12.23%12.22%12.23%12.23%0.00%

2014-152015-162016-172017-182018-192019-202020-212021-222022-232023-24

Target Entitlement55,374,35654,514,39952,260,38751,995,46754,159,94856,476,31058,363,20860,028,43961,778,78763,465,910

Funded Base Entitlement$ 43,724,913$ 45,905,906$ 45,878,723$ 45,802,688$ 48,491,182$ 50,412,461$ 52,093,813$ 53,577,648$ 55,133,934$ 56,637,181

Supp/Conc Funding$ 2,838,511$ 4,499,544$ 4,972,463$ 5,092,205$ 5,668,766$ 6,063,849$ 6,269,395$ 6,450,791$ 6,644,853$ 6,828,729

&D 2017-18 MYP First Interim - LCFF

Funded Base Entitlement 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 43724913459059064587872345802688484911825041246152093813535776485513393456637181Supp/Conc Funding 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2838511449954449724635092205566876660638496269395645079166448536828729Target Entitlement 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 55374356545143995226038751995467541599485647631058363208600284396177878763465910

STRS

STRS Contribution Analysis

Fiscal YearCertificated SalariesCertificated Salaries(in thousands)Approved STRS RateSTRS Cost (Based on Approved Rate)(in thousands)Annual Increase(in thousands)STRS Cost @8.25%(in thousands)Additional Cost(in thousands)

(a)(b=a/1 million)(c )(d-bxc)(e )(f=b*8.25%)(g=d-f)

2013-1430,797,512$30,7988.25%$2,541$2,541

2014-1531,321,070$31,3218.88%$2,781$240.52$2,584$197

2015-1631,853,528$31,85410.73%$3,418$636.57$2,628$790CalPERS Rate Comparison

2016-1732,395,038$32,39512.58%$4,075$657.41$2,673$1,4032015-162016-172017-182018-192019-202020-212021-222022-232023-24

2017-1831,845,060$31,84514.43%$4,595$519.95$2,627$1,9681.85%Employer Rates11.85%13.89%15.53%18.06%20.80%23.50%24.60%25.30%25.80%

2018-1932,395,038$32,39516.28%$5,274$678.67$2,673$2,6011.85%Change2.04%1.64%2.53%2.74%2.70%1.10%0.70%0.50%

2019-2032,799,438$32,79918.13%$5,947$672.63$2,706$3,2411.85%

2020-2133,355,638$33,35619.10%$6,371$424.39$2,752$3,6190.97%CalSTRS Rate Comparison

2021-2233,922,684$33,92319.10%$6,479$108.31$2,799$3,6810.00%Employer Rates10.73%12.58%14.43%16.28%18.13%19.10%20.10%20.25%20.25%

2022-2334,499,369$34,49919.10%$6,589$110.15$2,846$3,7430.00%Change1.85%1.85%1.85%1.85%0.97%1.00%0.15%0.00%

2023-2435,085,859$35,08619.10%$6,701$112.02$2,895$3,8070.00%

2024-2535,682,318$35,68219.10%$6,815$113.92$2,944$3,8720.00%

2025-2636,217,553$36,21819.10%$6,918$102.23$2,988$3,9300.00%

2026-2736,760,816$36,76119.10%$7,021$103.76$3,033$3,9890.00%

2027-2837,312,229$37,31219.10%$7,127$105.32$3,078$4,0480.00%

2028-2937,871,912$37,87219.10%$7,234$106.90$3,124$4,1090.00%

2029-3038,439,991$38,44019.10%$7,342$108.50$3,171$4,1710.00%

2030-3139,016,591$39,01719.10%$7,452$110.13$3,219$4,2330.00%

2031-3239,601,840$39,60219.10%$7,564$111.78$3,267$4,2970.00%

2032-3340,195,867$40,19619.10%$7,677$113.46$3,316$4,3610.00%

2033-3440,798,805$40,79919.10%$7,793$115.16$3,366$4,4270.00%

2034-3541,410,787$41,41119.10%$7,909$116.89$3,416$4,4930.00%

2035-3642,031,949$42,03219.10%$8,028$118.64$3,468$4,5600.00%

2036-3742,662,428$42,66219.10%$8,149$120.42$3,520$4,6290.00%

2037-3843,302,365$43,30219.10%$8,271$122.23$3,572$4,6980.00%

2038-3943,951,900$43,95219.10%$8,395$124.06$3,626$4,7690.00%

2039-4044,611,179$44,61119.10%$8,521$125.92$3,680$4,8400.00%

2040-4145,280,346$45,28019.10%$8,649$127.81$3,736$4,9130.00%

2041-4245,959,551$45,96019.10%$8,778$129.73$3,792$4,9870.00%

2042-4346,648,945$46,64919.10%$8,910$131.67$3,849$5,0610.00%

2043-4447,348,679$47,34919.10%$9,044$133.65$3,906$5,1370.00%

2044-4548,058,909$48,05919.10%$9,179$135.65$3,965$5,2140.00%

2045-4648,779,793$48,78019.10%$9,317$137.69$4,024$5,2930.00%

Average Annual Increase In Contribution$3,909

Cumulative Increase in Contribution over 32 years$125,081

NOTE: Salaries are assumed to increase by 1.50% Step/Column each year starting 2017-18. It does not account for any salary increases in the out years.

STRS Cost Analysis

(in thousands)

STRS Cost (Based on Approved Rate)(in thousands) (d-bxc)2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-252540.79475073881992781.31100147057623417.88355693215414075.29578040000024595.24215800000095273.91218639999995946.53810939999956370.92685799999986479.23261458599886589.37956903396126701.3990217075376815.3228050765647Certificated Salaries(a)2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-2518533422.75703896218718756.98460935118905944.55445544419095004193814041967150419966576.55999999920266075.20839999620570066.33652599520878617.33157388521191796.59154749321509673.540420704STRS Cost @8.25%(in thousands) (f=b*8.25%)2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-252540.79475073881992583.98826150137982627.9160619469032672.5906352627.21745000000012672.5906352705.95363500000032751.84013499999992798.62141729499942846.19798138901482894.5833470726272943.7912639728615Certificated Salaries(in thousands)(b=a/1 million)2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-2518533.42275703896318718.7569846093518905.94455445544419095.00400000000119381.40399999999919671.50400000000119966.57655999999820266.07520839999820570.06633652599720878.61733157388521191.79659154749221509.673540420703Approved STRS Rate(c )2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-258.2500000000000004E-28.8800000000000004E-20.107300000000000010.12580.144300000000000010.16280.181299999999999990.1910.1910.1910.1910.191Annual Increase(in thousands)(e )2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-25133.21824277759583366.38223045975906373.54365250693036394.58509400000048405.78425399999969417.41947912799924250.8800344763999458.06230547206632858.93324005414660959.81723865495905660.714497234783266Additional Cost(in thousands)(g=d-f)2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-25117.92816900303887468.86742495049521826.813673199999581197.77076720000041579.62177119999981972.69776412799932198.86916011139922231.85219751307072265.32998047576622299.30993018290292333.7995791356461

PERS

198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024

Historic Rates13.1%13.0%12.1%12.4%12.4%12.0%11.0%9.7%8.5%8.2%7.3%8.2%7.3%7.1%3.9%7.0%7.8%6.2%0.0%0.0%0.0%0.0%2.9%10.4%10.0%9.1%9.1%9.3%9.4%9.7%10.7%10.9%11.4%11.4%11.8%11.9%13.9%15.8%

Prior Projected Rates15.8%17.7%19.7%21.1%21.5%21.5%21.5%21.5%

Current Projected Rates15.5%18.1%20.8%23.8%25.2%26.1%26.8%27.3%

Fiscal YearClassified SalariesClassified SalariesApproved PERS RatePERS Cost Based on Approved RateAnnual IncreasePERS Cost at 11.442% (2013-14 Rate)Additional Cost

(a)(c )(d-bxc)(e )(f=b*11.442%)(g=d-f)

2013-14$8,524,212$8,524,21211.442%$975,340$975,340$0

2014-15$8,609,454$8,609,45411.771%$1,013,419$38,079$985,094$28,325

2015-16$8,695,548$8,695,54811.847%$1,030,162$16,743$994,945$35,217

2016-17$8,782,504$8,782,50413.888%$1,219,714$189,553$1,004,894$214,820

2017-18$8,870,329$8,870,32915.531%$1,377,651$157,937$1,014,943$362,708

2018-19$8,683,264$8,683,26418.100%$1,571,671$194,020$993,539$578,1322.569%

2019-20$8,745,764$8,745,76420.800%$1,819,119$247,448$1,000,690$818,4292.700%

2020-21$8,808,564$8,808,56423.800%$2,096,438$277,319$1,007,876$1,088,5623.000%

2021-22$8,896,650$8,896,65025.200%$2,241,956$145,517$1,017,955$1,224,0011.400%

2022-23$8,985,616$8,985,61626.100%$2,345,246$103,290$1,028,134$1,317,1120.900%

2023-24$9,075,472$9,075,47226.800%$2,432,227$86,981$1,038,416$1,393,8110.700%

2024-25$9,166,227$9,166,22727.300%$2,502,380$70,153$1,048,800$1,453,5800.500%

Average Annual Increase In Contribution$774,063

Cumulative Increase (in thousands) in Contribution over 32 years$8,514,697

NOTE: Salaries are assumed to increase by 1.90% Step/Column each year starting 2017-18. It does not account for any salary increases in the out years.

Santa Rosa City Schools

STRS Cost Analysis

(in thousands)

STRS Cost (Based on Approved Rate)(in thousands)2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-256089.1686697382626619.70132910891158078.79383039999999831.001416999999511445.887973292513107.00915095494714815.38863915327815842.16943480115916079.80197632317516320.9990059680216565.81399105754116814.301200923401STRS Cost @8.25%(in thousands)2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-256089.1686697382626150.06035643564436211.56096000000076447.19886250000046543.90684543750016642.06544811906046741.69642984084756842.8218762884596945.46420443278577049.6461674992777155.39086001176477262.7217229119406

PERS Contribution Rates

from 11.88% in 2015-16 to 27.3% (est) in 2023-24

Historic Rates1980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320240.131200000000000010.130200000000000010.12050.123799999999999990.123799999999999990.11970.110200000000000019.7199999999999995E-28.4500000000000006E-28.2100000000000006E-27.2800000000000004E-28.1600000000000006E-27.2700000000000001E-27.0699999999999999E-23.85E-26.9800000000000001E-27.7899999999999997E-26.1699999999999998E-200002.8899999999999999E-20.10429.9500000000000005E-29.1200000000000003E-29.1200000000000003E-29.3100000000000002E-29.4299999999999995E-29.7100000000000006E-20.10710.109200000000000010.11420.11440.11770.118499999999999990.138800000000000010.158Prior Projected Rates1980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320240.1580.176999999999999990.197000000000000010.210999999999999990.2150.2150.2150.215Current Projected Rates1980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320240.155310.180999999999999990.207999999999999990.237999999999999990.2520.261000000000000010.268000000000000020.27300000000000002

PERS Cost Analysis

PERS Cost Based on Approved Rate (d-bxc)2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-25975340.316226534551013418.82283915081030161.62790902861219714.15001980221377650.79698999991571670.7841819118.9122096438.23199999982241955.70928000012345245.81160040062432226.57580075272502379.9766624682Classified Salaries(a)2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-254332990.32800355834419650.13456362954508043.13725490224598204466710447367044831438.084928066.84159999995026628.17843199995127160.74200064045229703.9568406535334298.035977466Classified Salaries2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-254332990.32800355834419650.13456362954508043.13725490224598204466710447367044831438.084928066.84159999995026628.17843199995127160.74200064045229703.9568406535334298.035977466Approved PERS Rate(c )2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-250.114419999999999990.117710.118470000000000010.138880.155310.180999999999999990.207999999999999990.237999999999999990.2520.261000000000000010.268000000000000020.27300000000000002Annual Increase(e )2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-2524456.26400931773213830.853131103504104530.7010494116786249.350719999988132495.50176000001147595.69663999998167940.7876608000493830.39266406395571478.652697303163371.70677112811254702.703388553113Additional Cost(g=d-f)2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-25014540.64894271438218257.574705882464112472.06984000001190837.88256000006315369.75231999997452125.97552640003609010.50028492801691563.50478867453751539.22156245378803177.93369158765845912.98254530667PERS Cost at 11.442% (2013-14 Rate) (f=b*11.442%)2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-25975340.31622653455985093.71938879986994944.656582687871004894.10314851491014943.04418993539.066879999941000690.31687999991007875.89287999991017954.65180880011028134.1983268881038415.5403101571048799.6957132586

lcff chg

Newark USDNewark USDNewark USDNewark USDNewark USDNewark USDNewark USDNewark USD

Calculation of Funding levels by bucket - Revenue basedCalculation of Funding levels by bucket - Revenue basedCalculation of Funding levels by bucket - Revenue basedCalculation of Funding levels by bucket - Revenue basedCalculation of Funding levels by bucket - Revenue basedCalculation of Funding levels by bucket - Revenue basedCalculation of Funding levels by bucket - Revenue basedCalculation of Funding levels by bucket - Revenue based

2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-2021

Target ADABaseGr SpanSuppConcenTARGETTargetADABaseGr SpanSuppConcenTARGETTargetADABaseGr SpanSuppConcenTARGETTargetADABaseGr SpanSuppConcenTARGETTargetADABaseGr SpanSuppConcenTARGETTargetADABaseGr SpanSuppConcenTARGETTargetADABaseGr SpanSuppConcenTARGETTargetADABaseGr SpanSuppConcenTARGET

Grades K-31,931.886,95272491317216,926,392Grades K-31,876.907,01172990513516,480,098Grades K-31,800.547,0837378958815,850,812Grades K-31,743.167,0837378733315,211,130Grades K-31,720.657,1937488832315,221,205Grades K-31,781.147,4097719215216,301,958Grades K-31,875.067,5997909527317,652,843Grades K-31,894.447,8028119787518,311,510

Grades 4-61,424.057,056- 084015811,469,199Grades 4-61,389.937,116- 083212411,220,354Grades 4-61,390.687,189- 08238111,254,797Grades 4-61,333.597,189- 08033010,698,141Grades 4-61,283.657,301- 08112110,440,235Grades 4-61,250.667,520- 08464810,523,152Grades 4-61,204.957,713- 08756710,429,939Grades 4-61,255.887,919- 08996911,161,157

Grades 7-8862.257,266- 08651637,151,183Grades 7-8914.717,328- 08571287,604,078Grades 7-8881.627,403- 0848837,347,357Grades 7-8907.257,403- 0827317,494,665Grades 7-8851.907,518- 0836217,134,642Grades 7-8899.467,744- 0872497,793,544Grades 7-8917.827,943- 0902708,181,515Grades 7-8858.158,155- 0926717,853,741

Grades 9-122,025.708,4192191,02819419,972,738Grades 9-121,948.718,4912211,01915219,259,401Grades 9-121,943.038,5782231,0089919,251,009Grades 9-121,837.528,5782239833718,046,026Grades 9-121,846.668,7122279932518,388,961Grades 9-121,818.448,9732331,0365818,730,870Grades 9-121,830.799,2042391,0728319,401,589Grades 9-121,858.819,4502461,1008520,226,376

Subtract NSS- 0- 0- 0- 0- 0- 0Subtract NSS- 0- 0- 0- 0- 0- 0Subtract NSS- 0- 0- 0- 0- 0- 0Subtract NSS- 0- 0- 0- 0- 0- 0Subtract NSS- 0- 0- 0- 0- 0- 0Subtract NSS- 0- 0- 0- 0- 0- 0Subtract NSS- 0- 0- 0- 0- 0- 0Subtract NSS- 0- 0- 0- 0- 0- 0

NSS Allowance- 0- 0- 0- 0- 0- 0NSS Allowance- 0- 0- 0- 0- 0- 0NSS Allowance- 0- 0- 0- 0- 0- 0NSS Allowance- 0- 0- 0- 0- 0- 0NSS Allowance- 0- 0- 0- 0- 0- 0NSS Allowance- 0- 0- 0- 0- 0- 0NSS Allowance- 0- 0- 0- 0- 0- 0NSS Allowance- 0- 0- 0- 0- 0- 0

TOTAL BASE6,243.8846,798,0031,842,3095,787,2241,091,97555,519,512TOTAL BASE6,130.2546,299,1791,798,9255,626,516839,31254,563,932TOTAL BASE6,015.8745,944,7681,760,2945,462,230536,68253,703,975TOTAL BASE5,821.5244,412,5991,694,4765,149,238193,65051,449,962TOTAL BASE5,702.8644,241,2501,706,2385,106,604130,95051,185,043TOTAL BASE5,749.7145,883,7991,796,9595,365,993302,77353,349,524TOTAL BASE5,828.6247,683,1821,918,8545,629,831434,01855,665,886TOTAL BASE5,867.2849,289,7331,993,6565,820,665448,73057,552,784

Targeted Instructional Improvement499,293Targeted Instructional Improvement499,293Targeted Instructional Improvement499,293Targeted Instructional Improvement499,293Targeted Instructional Improvement499,293Targeted Instructional Improvement499,293Targeted Instructional Improvement499,293Targeted Instructional Improvement499,293

Transportation311,131Transportation311,131Transportation311,131Transportation311,131Transportation311,131Transportation311,131Transportation311,131Transportation311,131

LOCAL CONTROL FUNDING FORMULA (LCFF) TARGET56,329,936LOCAL CONTROL FUNDING FORMULA (LCFF) TARGET55,374,356LOCAL CONTROL FUNDING FORMULA (LCFF) TARGET54,514,399LOCAL CONTROL FUNDING FORMULA (LCFF) TARGET52,260,386LOCAL CONTROL FUNDING FORMULA (LCFF) TARGET51,995,467LOCAL CONTROL FUNDING FORMULA (LCFF) TARGET54,159,948LOCAL CONTROL FUNDING FORMULA (LCFF) TARGET56,476,310LOCAL CONTROL FUNDING FORMULA (LCFF) TARGET58,363,208

BaselineADABaseGr SpanSuppConcenTARGETBaselineADABaseGr SpanSuppConcenTARGETBaselineADABaseGr SpanSuppConcenTARGETBaselineADABaseGr SpanSuppConcenTARGETBaselineADABaseGr SpanSuppConcenTARGETBaselineADABaseGr SpanSuppConcenTARGETBaselineADABaseGr SpanSuppConcenTARGETBaselineADABaseGr SpanSuppConcenTARGET

K-3 GSA1,931.880342,272K-3 GSA1,876.90163,088515,13040,125K-3 GSA1,800.54505,147859,591103,158K-3 GSA1,743.16907,2291,267,615133,423K-3 GSA1,720.651,104,4591,432,23991,815K-3 GSA1,781.141,228,6641,520,83770,011K-3 GSA1,875.061,445,6701,726,23397,402K-3 GSA1,894.441,496,6051,817,768140,136

4-61,424.05231,9214-61,389.93381,47729,7144-61,390.68663,92079,6764-61,333.59969,778102,0744-61,283.651,068,48868,4964-61,250.661,067,88449,1604-61,204.951,109,31162,5924-61,255.881,205,05792,901

7-8862.25144,6057-8914.71251,04919,5557-8881.62420,89250,5107-8907.25659,74769,4427-8851.90709,10745,4587-8899.46768,00835,3557-8917.82844,97547,6777-8858.15823,42063,479

9-12 GSA2,025.700403,8739-12 GSA1,948.7151,219534,83941,6609-12 GSA1,943.03165,178927,616111,3229-12 GSA1,837.52289,4731,336,233140,6469-12 GSA1,846.66358,7051,537,12898,5399-12 GSA1,818.44380,1281,552,68471,4779-12 GSA1,830.79426,5731,685,47495,1029-12 GSA1,858.81444,2561,783,587137,501

TOTAL BASE6,243.8839,695,72601,122,671040,818,397TOTAL BASE6,130.2539,920,165214,3071,682,495131,05441,948,021TOTAL BASE6,015.8741,156,040670,3252,872,019344,66645,043,050TOTAL BASE5,821.5242,365,9731,196,7024,233,373445,58548,241,633TOTAL BASE5,702.8642,663,3611,463,1644,746,962304,30849,177,795TOTAL BASE5,749.7143,688,4691,608,7924,909,413226,00350,432,677TOTAL BASE5,828.6246,434,9421,872,2435,365,993302,77353,975,951TOTAL BASE5,867.2846,278,1971,940,8615,629,832434,01754,282,907



LOCAL CONTROL FUNDING FORMULA (LCFF) BASE41,628,821LOCAL CONTROL FUNDING FORMULA (LCFF) BASE42,758,445LOCAL CONTROL FUNDING FORMULA (LCFF) BASE45,853,474LOCAL CONTROL FUNDING FORMULA (LCFF) BASE49,052,057LOCAL CONTROL FUNDING FORMULA (LCFF) BASE49,988,219LOCAL CONTROL FUNDING FORMULA (LCFF) BASE51,243,101LOCAL CONTROL FUNDING FORMULA (LCFF) BASE54,786,375LOCAL CONTROL FUNDING FORMULA (LCFF) BASE55,093,331

12.00%30.16%52.56%56.08%45.17%100.00%100.00%100.00%

Annual FundingADABaseGr SpanSuppConcenTARGETAnnual FundingADABaseGr SpanSuppConcenTARGETAnnual FundingADABaseGr SpanSuppConcenTARGETAnnual FundingADABaseGr SpanSuppConcenTARGETAnnual FundingADABaseGr SpanSuppConcenTARGETAnnual FundingADABaseGr SpanSuppConcenTARGETAnnual FundingADABaseGr SpanSuppConcenTARGETAnnual FundingADABaseGr SpanSuppConcenTARGET

K-3 GSA1,931.88167,865512,94739,955K-3 GSA1,876.90526,570872,306104,479K-3 GSA1,800.54937,0921,255,137132,193K-3 GSA1,743.161,118,9081,410,47290,709K-3 GSA1,720.651,186,9341,471,24067,932K-3 GSA1,781.141,373,2621,639,68192,518K-3 GSA1,875.061,481,2961,785,340137,636K-3 GSA1,894.4414,780,3951,536,3881,851,955142,772

4-61,424.05347,56927,0734-61,389.93615,38272,8074-61,390.68916,62096,9134-61,333.591,026,37067,4144-61,283.651,056,34149,6214-61,250.661,058,43859,7224-61,204.951,054,84481,3204-61,255.889,945,3391,128,79687,022

7-8862.25216,71316,8817-8914.71411,82348,9357-8881.62592,44462,5547-8907.25710,40546,3207-8851.90710,32633,1707-8899.46783,88944,2307-8917.82827,44763,7907-8858.156,998,210794,29761,234

9-12 GSA2,025.7053,243605,26647,1469-12 GSA1,948.71165,661972,508118,4459-12 GSA1,943.03306,0941,469,172153,9259-12 GSA1,837.52356,9301,599,71499,8659-12 GSA1,846.66386,0271,671,50675,2809-12 GSA1,818.44423,6971,883,985106,3039-12 GSA1,830.79437,5581,962,201151,2719-12 GSA1,858.8117,565,789457,2682,045,617157,702

13/14 funding6,243.8840,548,120221,1081,682,495131,05542,582,77814/15 funding6,130.2541,844,086692,2312,872,019344,66645,753,00215/16 funding6,015.8743,672,8821,243,1864,233,373445,58549,595,02616/17 funding5,821.5243,513,6541,475,8384,746,961304,30850,040,76117/18 funding5,702.8643,376,0921,572,9614,909,413226,00350,084,46918/19 funding5,749.7145,883,7991,796,9595,365,993302,77353,349,52419/20 funding5,828.6247,683,1831,918,8545,629,832434,01755,665,88619/20 funding5,867.2849,289,7331,993,6565,820,665448,73057,552,784



LOCAL CONTROL FUNDING FORMULA (LCFF) 13/1443,393,202LOCAL CONTROL FUNDING FORMULA (LCFF) 14/1546,563,426LOCAL CONTROL FUNDING FORMULA (LCFF) 15/1650,405,450LOCAL CONTROL FUNDING FORMULA (LCFF) 16/1750,851,185LOCAL CONTROL FUNDING FORMULA (LCFF) 17/1850,894,893LOCAL CONTROL FUNDING FORMULA (LCFF) 18/1954,159,948LOCAL CONTROL FUNDING FORMULA (LCFF) 19/2056,476,310LOCAL CONTROL FUNDING FORMULA (LCFF) 20/2158,363,208

Less: LCFF to other Dist. EBIC- 0Less: LCFF to other Dist. EBIC- 08,378.758,735.048,924.459,419.599,689.489,947.23

40,548,12043,393,20241,844,08646,563,426

Revenue MethodRevenue MethodRevenue MethodRevenue MethodRevenue MethodRevenue MethodRevenue MethodRevenue Method

General Base (non Supp/Conc)41,579,652General Base (non Supp/Conc)43,346,741General Base (non Supp/Conc)2,379,75145,726,492General Base (non Supp/Conc)45,799,916General Base (non Supp/Conc)45,759,477General Base (non Supp/Conc)48,491,182General Base (non Supp/Conc)50,412,461General Base (non Supp/Conc)52,093,813

Supplemental/Concentration1,813,550Supplemental/Concentration3,216,685Supplemental/Concentration1,462,2734,678,958Supplemental/Concentration5,051,269Supplemental/Concentration5,135,416Supplemental/Concentration5,668,766Supplemental/Concentration6,063,849Supplemental/Concentration6,269,395

Total43,393,202Total46,563,426Total3,842,02450,405,450Total50,851,185Total50,894,893Total54,159,948Total56,476,310Total58,363,208

IncreasePrior Base

Change in Base445,95041,133,7021.0841%Change in Base4.2499%Change in Base5.4900%Change in Base0.1606%Change in Base-0.0883%Change in Base5.9697%Change in Base3.9621%Change in Base3.3352%

Change in Suppl/Conc690,8791,122,67161.5389%Change in Supplemental/Concentration77.3695%Change in Supplemental/Concentration45.4590%Change in Supplemental/Concentration7.9571%Change in Supplemental/Concentration1.6659%Change in Supplemental/Concentration10.3857%Change in Supplemental/Concentration6.9695%Change in Supplemental/Concentration3.3897%

1,136,82942,256,3732.6903%7.3058%8.2512%0.8843%0.0860%6.4153%4.2769%3.3410%

Expenditure MethodExpenditure MethodExpenditure MethodExpenditure MethodExpenditure MethodExpenditure MethodExpenditure MethodExpenditure Method

General Base (non Supp/Conc)42,121,138General Base (non Supp/Conc)43,724,915General Base (non Supp/Conc)7,630.802,180,99145,905,906General Base (non Supp/Conc)43,592,4607,880.8878,80645,878,722General Base (non Supp/Conc)43,419,3038,031.5343,21145,802,688General Base (non Supp/Conc)45,883,7998,433.675.0071%- 048,491,182General Base (non Supp/Conc)47,683,1838,649.13- 050,412,461General Base (non Supp/Conc)49,289,7338,878.69- 052,093,813

Supplemental/Concentration1,272,064Supplemental/Concentration2,838,511Supplemental/Concentration747.951,661,0334,499,544Supplemental/Concentration225,502854.15(78,806)4,972,463Supplemental/Concentration182,792892.92(43,211)5,092,205Supplemental/Concentration302,773985.9210.4153%- 05,668,766Supplemental/Concentration434,0171,040.36- 06,063,849Supplemental/Concentration448,7301,068.53- 06,269,395

Total43,393,202Total46,563,426Total3,842,02450,405,450Total8,735.0450,851,185Total8,924.4550,894,893Total9,419.595.5482%54,159,948Total9,689.4856,476,310Total9,947.2358,363,208

IncreasePrior Base

Change in Base987,43641,133,7022.4006%Change in Base1,603,7773.8075%Change in Base2,180,9914.9880%Change in Base250.08(27,184)-0.0592%Change in Base150.65(76,034)-0.1657%Change in Base402.142,688,4945.8697%Change in Base215.451,921,2793.9621%Change in Base229.571,681,3523.3352%

Change in Suppl/Conc149,3931,122,67113.3069%Change in Supplemental/Concentration1,566,447123.1422%Change in Supplemental/Concentration1,661,03358.5178%Change in Supplemental/Concentration106.21472,91910.5104%Change in Supplemental/Concentration38.77119,7422.4081%Change in Supplemental/Concentration93.00576,56111.3224%Change in Supplemental/Concentration54.44395,0836.9695%Change in Supplemental/Concentration28.18205,5463.3897%

1,136,82942,256,3732.6903%3,170,2247.3058%3,842,0248.2512%445,7350.8843%43,7080.0860%3,265,0556.4153%2,316,3624.2769%1,886,8983.3410%

Change since first interim Base1,304,1302.1524%

Change since first interim S/C376,6506.9022%

2.6273%

Mandated Costs Block

K-8284,008.47112,237.14

9-12561,858.81104,093.56

216,330.71

Per ADA ActualPer ADA ActualPer ADA ActualPer ADA ActualPer ADA ActualPer ADA ActualPer ADA ActualPer ADA Actual

K-3 GSA1,931.88- 086.89265.5220.68K-3 GSA1,876.90- 0280.55464.7655.67K-3 GSA1,800.54- 0520.45697.0973.42K-3 GSA1,743.16- 0641.88809.1552.04K-3 GSA1,720.65- 0689.82855.0539.48K-3 GSA1,781.14- 0771.00920.5851.94K-3 GSA1,875.06- 0790.00952.1573.40K-3 GSA1,894.447,802.00811.00977.5875.36

4-61,424.05- 0244.0719.014-61,389.93- 0442.7452.384-61,390.68- 0659.1269.694-61,333.59- 0769.6350.554-61,283.65- 0822.9238.664-61,250.66- 0846.3047.754-61,204.95- 0875.4367.494-61,255.887,919.00898.8169.29

7-8862.25- 0251.3319.587-8914.71- 0450.2253.507-8881.62- 0671.9970.957-8907.25- 0783.0351.067-8851.90- 0833.8138.947-8899.46- 0871.5149.177-8917.82- 0901.5369.507-8858.158,155.00925.5971.36

9-12 GSA2,025.70- 026.28298.7923.279-12 GSA1,948.71- 085.01499.0560.789-12 GSA1,943.03- 0157.53756.1279.229-12 GSA1,837.52- 0194.25870.5854.359-12 GSA1,846.66- 0209.04905.1540.779-12 GSA1,818.44- 0233.001,036.0458.469-12 GSA1,830.79- 0239.001,071.7882.639-12 GSA1,858.819,450.00246.001,100.5084.84

13/14 funding6,243.886,494.0635.41269.4620.9914/15 funding6,130.256,825.84112.92468.5056.2215/16 funding6,015.877,259.61206.65703.7074.0716/17 funding5,821.527,474.62253.51815.4252.2717/18 funding5,702.867,606.02275.82860.8739.6318/19 funding5,749.717,980.19312.53933.2652.6619/20 funding5,828.628,180.87329.21965.8974.4620/21 funding5,867.288,400.78339.79992.0576.48

51.2856.1261.9964.6366.0369.7671.8173.75

37.8941.4645.8047.7548.7951.5553.0654.50

Total General Fund Expenditures

15

Certificated Salaries

49%

Classified Salaries

13%

Benefits 21%

Books and Supplies

4%

Other Services & Oper. 12%

Capital Outlay 0%

Transfers Out 0%

Total General Fund Expenditures Adopted Budget 2018-19

Summary Budget

16

The district budget reflects a small surplus and sustains a balanced budget for the 2018-19 year

Multi-Year Projection (MYP) Assumptions

17

1. District is expected to continue receiving full LCFF target funding 2. In FY17-18, the district budget included one-time mandated cost funds of $147 per

student, per enacted state budget. The one-time funds provided in the 2018 May Revise are approximately $345 per student. These dollars are included in 2018-19, but removed in subsequent years.

3. Projections include step movement for eligible employees, plus salary increases of 1.0% for teachers (0.5% on and 0.5% off schedule.) Remaining groups' assumed salary settlements are assigned in fund balance in like manner.

4. Projections include estimated increases in state pension percentages for both STRS & PERS.

5. Additional contributions relate to the projected increase of special education costs and increasing the contribution to the Routine Restricted Maintenance Account (RRMA) to 3%.

6. Additional $300K for textbooks added in 2019-20, bringing total to $1M. $1M textbooks monies removed from 2020-21 budget projection

Summary MYP

18

Details on following slide, however, summary indicates a balanced budget in the current year, deficit spending in 2019-20 (due primarily to inclusion of $1M of textbook spending), and a return to a balanced budget in 2020-21 once the textbook budget is removed

Multi-Year Projection

19

STRS and PERS Rates

20

In 2013, both STRS and PERS rates were recalculated based on the Public Employee Pension Reform Act that restructured retirement age, and benefits

PERS employer rates increased again in 2016 after a change in the discount rate by the PERS board The rates are now expected to top out at over 28% in the

future

STRS rates can only be changed through legislation Based on new discount (earnings) rate assumptions, that

change may be forthcoming

STRS and PERS Contributions Grow Exponentially

21

The result is less district funding available for any other uses By 2022-23, the budget will reflect annual district retirement

contributions of $2.1M MORE than the current year budget

2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24

Employer Rates 11.85% 13.89% 15.53% 18.06% 20.80% 23.50% 24.60% 25.30% 25.80%Change 2.04% 1.64% 2.53% 2.74% 2.70% 1.10% 0.70% 0.50%

Employer Rates 10.73% 12.58% 14.43% 16.28% 18.13% 19.10% 20.10% 20.25% 20.25%Change 1.85% 1.85% 1.85% 1.85% 0.97% 1.00% 0.15% 0.00%

CalPERS Rate Comparison

CalSTRS Rate Comparison

General Fund

Newark USD


General Fund

General Fund

DescriptionUnrestrictedRestrictedFundTotal

REVENUES

General Purpose (LCFF) Revenues:

State Aid & EPA29,597,937309,58229,907,519

Property Taxes & Misc. Local24,562,011- 024,562,011

Total General Purpose54,159,948309,582- 054,469,530

Federal Revenues- 02,110,0412,110,041

Other State Revenues3,080,3653,620,4186,700,783

Other Local Revenues547,2332,883,6603,430,893

TOTAL - REVENUES57,787,5468,923,701- 066,711,247

EXPENDITURES

Certificated Salaries27,606,8094,788,22932,395,038

Classified Salaries5,575,7813,107,4838,683,264

Employee Benefits (All)8,814,7355,128,07513,942,810

Books & Supplies2,209,036551,0112,760,047

Other Operating Expenses (Services)4,152,9703,741,2657,894,235

Capital Outlay35,93459,24295,176

Other Outgo969,359- 0969,359

Direct Support/Indirect Costs(959,427)764,279(195,148)

TOTAL - EXPENDITURES48,405,19718,139,584- 066,544,781

EXCESS (DEFICIENCY)9,382,349(9,215,883)- 0166,466

OTHER SOURCES/USES

Transfers In- 0- 0

Transfers (Out)- 0- 0- 0

Net Other Sources (Uses)(34,016)- 0(34,016)

Contributions (to Restricted Programs)(9,248,436)9,248,436- 0

TOTAL - OTHER SOURCES/USES(9,282,452)9,248,436- 0(34,016)

FUND BALANCE INCREASE (DECREASE)99,89732,553- 0132,450

FUND BALANCE

Beginning Fund Balance3,695,603509,3264,204,929

Ending Balance, June 303,795,500541,879- 04,337,379

2017-18 MYP First Interim Statement - General Fund 12-5-2017

MYP Adopt Budget

hide columns for printhide columns for print

Estimated ActualAdopted BudgetProjectionProjection

2017-182018-19Adjustments to prior year2019-20Adjustments to prior year2020-21

UnrestrictedRestrictedCombinedUnrestrictedRestrictedCombinedUnrestrictedRestrictedUnrestrictedRestrictedCombinedUnrestrictedRestrictedUnrestrictedRestrictedCombined

Revenue

General Purpose50,638,687308,19550,946,88254,159,948309,58254,469,53012,316,362056,476,310309,58256,785,89211,886,898058,363,208309,58258,672,790

Federal Revenue2,185,6682,185,6682,110,0412,110,04102,110,0412,110,04102,110,0412,110,041

State Revenue1,909,3013,883,6575,792,9583,080,3653,620,4186,700,7832(1,980,267)01,100,0983,620,4184,720,516201,100,0983,620,4184,720,516

Local Revenue622,1833,059,9443,682,127547,2332,883,6603,430,89300547,2332,883,6603,430,893547,2332,883,6603,430,893

Total Revenue 53,170,1719,437,46462,607,63557,787,5468,923,70166,711,247336,095058,123,6418,923,70167,047,3421,886,898060,010,5398,923,70168,934,240

Expenditures

Certificated Salaries27,522,7394,322,32131,845,06027,606,8094,788,22932,395,0383323,00081,40027,929,8094,869,62932,799,4383474,80081,40028,404,6094,951,02933,355,638

Classified Salaries6,064,7312,805,5988,870,3295,575,7813,107,4838,683,264340,10022,4005,615,8813,129,8838,745,764340,40022,4005,656,2813,152,2838,808,564

Benefits8,577,1424,960,55313,537,6958,814,7355,128,07513,942,8104748,900169,0949,563,6355,297,16914,860,8044809,300207,04610,372,9355,504,21515,877,150

Books and Supplies1,300,460614,3391,914,7992,209,036551,0112,760,047300,00002,509,036551,0113,060,047(1,000,000)01,509,036551,0112,060,047

Other Services & Oper. Expenses3,845,3144,716,2958,561,6094,152,9703,741,2657,894,2350541,8794,152,9704,283,1448,436,1140(476,773)4,152,9703,806,3717,959,341

Capital Outlay54,670161,635216,30535,93459,24295,176035,93459,24295,176035,93459,24295,176

Other Outgo 7xxx969,359969,359969,3590969,3590969,3590969,359969,3590969,359

Transfer of Indirect 73xx(783,892)607,228(176,664)(959,427)764,279(195,148)(959,427)764,279(195,148)(959,427)764,279(195,148)

Total Expenditures 47,550,52318,187,96965,738,49248,405,19718,139,58466,544,7811,412,000814,77349,817,19718,954,35768,771,554324,500(165,927)50,141,69718,788,43068,930,127

Deficit/Surplus 5,619,648(8,750,505)(3,130,857)9,382,349(9,215,883)166,466(1,075,905)(814,773)8,306,444(10,030,656)(1,724,212)1,562,398165,9279,868,842(9,864,729)4,113

Other Sources/(uses)000000000

Transfers in/(out)3,257,5603,257,560(34,016)(34,016)0(34,016)0(34,016)0(34,016)0(34,016)

Contributions to Restricted(8,104,233)8,055,117(49,116)(9,248,436)9,248,43605(272,894)272,894(9,521,330)9,521,33005(310,846)310,846(9,832,176)9,832,1760

Net increase (decrease) in Fund Balance 772,975(695,388)77,58799,89732,553132,450(1,348,799)(541,879)(1,248,902)(509,326)(1,758,228)1,251,552476,7732,650(32,553)(29,903)

Beginning Balance 2,922,6281,204,7144,127,3423,695,603509,3264,204,9293,795,500541,8794,337,3792,546,59832,5532,579,151

Ending Balance 3,695,603509,3264,204,9293,795,500541,8794,337,3792,546,59832,5532,579,1512,549,24802,549,248

Revolving/Stores/Prepaids147,095147,095147,095147,095147,095147,095147,095147,095

Reserve for Econ Uncertainty (3%)1,972,1551,972,1551,997,3641,997,3642,064,1672,064,1672,068,9242,068,924

Restricted Programs509,326509,326541,879541,87932,55332,55300

Assigned for Salary Increases0176,000176,00088,00088,00088,00088,000

Other Assignments0000

Unappropriated Fund Balance1,576,35301,576,3531,475,04101,475,041247,3360247,336245,2290245,229

Unappropriated Percent2.4%2.2%0.4%0.4%

Notes:

1 District is expected to receive full LCFF target funding beginning in 2018-19.

2 In FY17-18 the Charter added in one-time mandated cost funds of $147 per student, per enacted state budget. The one-time funds provided in the 2018 May Revise are approximately $345 per student and are included in the budget. These dollars are removed in subsequent years.

3 Projections include step movement for eligible employees, plus salary increase of 1.0% for teachers. Remaining groups' assumed salary settlements are assigned in fund balance.

4 Projections include estimated increases in state pension percentages for both STRS & PERS.

5 Additional contributions relate to the projected increase of special education costs and bringing the RRMA to the historical level of 3%.

6 $300K added to textbook adoption budget in 2019-20. In 2020-21, entire $1M textbook budget removed from projections.

&16Newark Unified School District&14Adopted&16 Budget 2018-19 and Multi-Year Projection

&D 2017-18 Interim Budget and MYP

adj to myp UR

Object Code5750Impact FB


Reverse One-Time Mandated Cost Revenue ($345/ADA)(1,980,267)(1,980,267)

Add in Estimate for add'l One-Time Mandated Revenue ($___)--


step/column (1.7%, 0.72%))461,00040,100127,000(628,100)

-

Remove one-time .5% off schedule NTA (138,000)(32,000)170,000



ADd One-Time Expenditures - add'l over 18-19 to $1M300,000(300,000)

-

-

-

-

323,00040,100748,900300,000---336,095(1,075,905)

Object CodeImpact FB



step/column (1.7%, 0.72%))474,80040,400141,000(656,200)



New/Reduced FTE--

Remove one-time textbook adoptions(1,000,000)-1,000,000

Health & Welfare Increase (prmium incr)--

Other-

474,80040,400809,300(1,000,000)---18868981562398

Unrestricted Adjustments

adj to myp R

Object Code

Adjustments for MYP 19-2010002000300040005000600070008000total

add'l --

step/column (1.7%, 0.72%))81,40022,40030,594(134,394)

Remove one-time rev/exp-

-

Health & Welfare (premium incr)-

-


-


-

-

-

-

-

-

-

-

81,40022,400169,094----272,894(272,894)

Object Code


add'l-

step/column (2.5%, 3.0%)81,40022,40032,446

Additional STRS contributions (incr 1.85%)90,100

Additional PERS Contribution (incr 2.7%)84,500

Health & Welfare (primium incr)-

81,40022,400207,046----310,846

Restricted Adjustments

components of FB

NEWARK UNIFIED SCHOOL DISTRICT


Multi-Year Fund Balance Component Summary

2016-17 Unaudited Actuals2018-19 Adopted Budget2019-20 Projected Budget2020-21 Projected Budget2020-21 Projected Budget

DescriptionUnrestrictedRestrictedCombinedUnrestrictedRestrictedCombinedUnrestrictedRestrictedCombinedUnrestrictedRestrictedCombinedUnrestrictedRestrictedCombined

NONSPENDABLE

Revolving Cash/Prepaids12,00012,000147,095147,095147,095147,095147,095147,095147,095147,095

Other22,93422,934- 0- 0- 0- 0- 0- 0- 0- 0

TOTAL - NONSPENDABLE34,934- 034,934147,095- 0147,095147,095- 0147,095147,095- 0147,095147,095- 0147,095

RESTRICTED

Restricted Categorical Balances1,563,7681,563,768541,879541,87932,55332,553- 0- 0- 0- 0

TOTAL - RESTRICTED- 01,563,7681,563,768- 0541,879541,879- 032,55332,553- 0- 0- 0- 0- 0- 0

ASSIGNED

17-18 Projected Deficit6,674,9656,674,965- 0- 0- 0- 0- 0- 0

19-20 Projected Deficit8,373,8888,373,8881,248,9021,248,902- 0- 0- 0- 0- 0

20-21 Projected Deficit- 0- 0

One-Time Mandated Cost funds- 0

Remaining Salary Settlements200,000200,000176,000176,00088,00088,00088,00088,00088,00088,000

Instructional Technology150,000150,000- 0- 0- 0- 0- 0- 0

Staff Development- 0- 0- 0- 0- 0- 0- 0- 0

Textbook Adoptions528,879528,879- 0- 0- 0- 0- 0

- 0

TOTAL - ASSIGNED15,927,733- 015,927,7331,424,902- 01,424,90288,000- 088,00088,000- 088,00088,000- 088,000

UNASSIGNED

Economic Uncertainty (REU-3%)14,156,64814,156,6481,997,3641,997,3642,064,1672,064,1672,068,9242,068,92415,526,00015,526,000

Amount Above REU8,565,4818,565,4811,475,0411,475,041247,336247,336245,229245,229(2,970,239)(2,970,239)

TOTAL - UNASSIGNED22,722,129- 022,722,1293,472,405- 03,472,4052,311,503- 02,311,5032,314,153- 02,314,15312,555,761- 012,555,761

TOTAL - FUND BALANCE38,684,7961,563,76840,248,5645,044,402541,8795,586,2812,546,59832,5532,579,1512,549,248- 02,549,24812,790,856- 012,790,856

Statement of Reasons

The District's Fund Balance includes assigned, unassigned and unappropriated components, that in total are greater than the Minimum Recommended Reserve for Economic Uncertainties because: the District wants to demonstrate fiscal stability and be prepared for a future downturn in the economy, in funding, or unanticipated enrollment trends. The Government Financial Officers Association (GFOA) recommends a prudent reserve of 17%, representing two months' average payroll. The district has less than 3% additional reserves not specifically assigned, committed, or above the statutory reserve for economic uncertainty which is well below the recomendations of outside authorities.

Other Funds

Fund2017-18 Fund BalanceBudgeted Net Change2018-19 Fund Balance

General (Unrestricted and Restricted)$4,204,929$132,450$4,337,379

Adult Ed$19$23,152$23,171

Child Development$57,021$54,957$111,978

Cafeteria$698,161($24,423)$673,738

Special Reserve for Other Than Capital Outlay$1,887,597$22,000$1,909,597

Building Fund$11,448,024($303,748)$11,144,276

Capital Facilities$8,493,633$3,094,400$11,588,033

Special Reserve for Capital Outlay$10,550,471($704,583)$9,845,888

Bond Interest and Redemption$7,970,664$3,000$7,973,664

Self-Insurance$2,478,276($353,920)$2,124,356

change since second interim

Changes Since First Interim

Impact on Fund Balance 2017-18

Excess of Expenditures over Revenues at First Interim772,975

Revenue Changes

LCFF Funding - ADA and gap changes 13,521,261

State Revenue 2907,825

Local Revenue 3(251,234)

Total Revenue Changes4,177,8524,177,852

Expenditure Changes

Certificated Salaries 4, 5549,978

Classified Salaries 4(187,065)

Benefits - to reflect above salary changes 4405,115

Books and Supplies 5845,248

Professional Services, Operations 6,7(667,374)

Capital Outlay(121,129)

Other Outgo 60

Total Expenditure Changes824,773(824,773)

Revised Excess of Expenditures over Revenues Second Interim4,126,054

1 LCFF funding changed due to slight change in ADA and gap funding factor

2 State funding increased due to adding in the one-time state mandated funds ($38,508) and receipt of final Prop 39 CEC payments ($47,000)

3 Reduced based on revised estimate of Foundation contribution for year

4 Net change due to removing CBO salary costs and adding in interim ops support

5 Net change due to aligning budgets to actual spending patterns

6 Net change due to reflecting special ed costs per NUSD direction. Moved to Restricted for future budgeting purposes.

7 Net change due to adding interim CBO services as consultant rather than employee

&D 2017-18 Unrestricted Chages Since Adopted Budget

summ myp for ppt

Multi-Year Projection (Total GF)

DescriptionAdopted Budget 2018-19Projected 2019-20Projected 2020-21

Total Revenues66,711,24767,047,34268,934,240


Excess/(Deficiency)166,466(1,724,212)4,113

Other Sources/Uses(34,016)(34,016)(34,016)

Net Increase/(Decrease)132,450(1,758,228)(29,903)

Add: Beginning Fund Balance4,204,9294,337,3792,579,151

Ending Fund Balance4,337,3792,579,1512,549,248

&D 2017-18 Multi-Year Projection (Total GF)

summ bud for ppt

Novato Charter School

Adopted Budget 2018-19

DescriptionUnrestrictedRestrictedTotal

Total Revenues57,787,5468,923,70166,711,247


Excess/(Deficiency)9,382,349(9,215,883)166,466

Other Sources/Uses 1(9,282,452)9,248,436(34,016)

Net Increase/(Decrease)99,89732,553132,450

Add: Beginning Fund Balance3,695,603509,3264,204,929

Ending Fund Balance3,795,500541,8794,337,379

&D 2017-18 First Interim General Fund Unrestricted and Restricted

SSC Chart

2017-182018-192018-192019-202019-202020-212020-212021-222021-222022-232022-23

LCFF Funding$ 549$ 384$ 311ERROR:#REF!ERROR:#REF!

SE Contr Incr196.6934.1950.44150.85165.94

Salary Incr150.89131.15130.29158.21162.96

PERS/STRS146.82133.84115.64135.49135.49

ERROR:#REF!ERROR:#REF!

LCFF Funding50,894,89354,159,94856,476,31058,363,208ERROR:#REF!ERROR:#REF!

SE Contribution6,082,9627,252,0937,458,1837,764,2728,540,6999,394,769

Salary Increase896,888790,594790,594814,312838,741

PERS/STRS872,690806,800701,708697,348697,348

Enrollment589459446028606851475147

LCFF Funding2018-192018-192019-202019-202020-212020-21549.30265814266488384.26708692767085310.95880026367831SE Contr Incr2018-192018-192019-202019-202020-212020-21196.6908361372813134.18892003981413650.443113052076555Salary Incr2018-192018-192019-202019-202020-212020-21150.88963660834455131.15361645653616130.28905735003295PERS/STRS2018-192018-192019-202019-202020-212020-21146.8186432385597133.84207033842071115.64074960448255

charts.rev

DESCRIPTIONUNRESTRICTEDCOMBINED AMOUNT

General Purpose (LCFF) Revenue$54,159,948$54,469,530

Federal$0$2,110,041

State Revenue $3,080,365$6,700,783

Local Revenue$547,233$3,430,893

TOTAL$57,787,546$66,711,247

Page &P of &N

General Purpose (LCFF) RevenueFederalState Revenue Local Revenue54469530211004167007833430893

charts.exp

Total General Fund

DESCRIPTIONUNRESTRICTEDRESTRICTEDCOMBINED

Certificated Salaries27,606,8094,788,229$32,395,038

Classified Salaries5,575,7813,107,483$8,683,264

Benefits8,814,7355,128,075$13,942,810

Books and Supplies2,209,036551,011$2,760,04785%82%

Other Services & Oper. 4,152,9703,741,265$7,894,235

Capital Outlay35,93459,242$95,176

Other Outgo/Transfer969,3590$969,359

Transfers Out34,016034,016

TOTAL49,398,64017,375,305$66,773,945

&D &F &APage &P of &N

Certificated SalariesClassified SalariesBenefitsBooks and SuppliesOther Services & Oper. Capital OutlayOther Outgo/TransferTransfers Out32395038868326413942810276004778942359517696935934016

contributions

Contributions From Unrestricted to Restricted

Resource2017-18 Estimated Actuals2018-19 Budget

65xxSpecial Education6,757,7347,466,316

8150Routine Restricted Maintenance Account1,297,3671,782,120

8,055,1019,248,436

Fd 120Contribution to Child Development42,440- 0

Fd 110Contribution to Adult Education- 034,016

EPA

Education Protection Account (EPA) Fiscal Year Ending June 30, 2019

Actual EPA Revenues:

Estimated EPA Funds$ 5,932,848

Actual EPA Expenditures:

Certificated Instructional Salaries$ 5,932,849

Balance$ (1)

lcff

LCFF Calculator Universal Assumptions

Newark Unified (61234) - 1819 Budget - May Revise 18195/14/18

Summary of Funding

2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-25

Target Components:

Base Grant46,798,00446,299,18045,944,76844,412,60044,241,25045,883,79847,683,18249,289,73350,715,10952,216,99753,691,04955,188,185

Grade Span Adjustment1,842,3101,798,9251,760,2941,694,4761,706,2391,796,9601,918,8551,993,6562,052,1152,106,5132,135,7082,195,223

Supplemental Grant5,787,2265,626,5165,462,2305,149,2385,106,6045,365,9935,629,8315,820,6655,989,0796,166,8056,337,454-

Concentration Grant1,091,976839,311536,683193,649130,950302,773434,018448,730461,712478,048491,275-

Add-ons810,424810,424810,424810,424810,424810,424810,424810,424810,424810,424810,424810,424

Total Target56,329,94055,374,35654,514,39952,260,38751,995,46754,159,94856,476,31058,363,20860,028,43961,778,78763,465,91058,193,832

Transition Components:

Target$ 56,329,940$ 55,374,356$ 54,514,399$ 52,260,387$ 51,995,467$ 54,159,948$ 56,476,310$ 58,363,208$ 60,028,439$ 61,778,787$ 63,465,910$ 58,193,832

Funded Based on Target Formula (based on prior year P-2 certification)FALSEFALSEFALSEFALSEFALSEFALSETRUETRUETRUETRUETRUETRUE

Floor41,628,82142,758,44545,853,47449,052,05749,988,21951,243,10154,786,37555,093,33155,090,12255,257,12855,324,54455,322,134

Remaining Need after Gap (informational only)12,936,7358,810,9324,108,9491,409,2011,100,574- 0- 0- 0- 0- 0- 0- 0

Current Year Gap Funding1,764,3843,804,9794,551,9761,799,129906,6742,916,847- 0- 0- 0- 0- 0- 0

Miscellaneous Adjustments- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Economic Recovery Target- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Additional State Aid- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Total LCFF Entitlement$ 43,393,205$ 46,563,424$ 50,405,450$ 50,851,186$ 50,894,893$ 54,159,948$ 56,476,310$ 58,363,208$ 60,028,439$ 61,778,787$ 63,465,910$ 58,193,832

TRUETRUETRUETRUE

Components of LCFF By Object Code

2012-132013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-25

8011 - State Aid$ 10,733,622$ 20,366,885$ 20,883,947$ 22,234,438$ 21,377,577$ 20,648,520$ 23,665,089$ 25,562,948$ 27,244,781$ 28,912,156$ 30,550,934$ 32,193,019$ 26,922,551

8011 - Fair Share - 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

8311 & 8590 - Categoricals8,513,029- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

EPA (for LCFF Calculation purposes)7,260,3886,995,0298,702,7648,270,5337,686,2765,684,3625,932,8486,351,3516,556,4166,554,2726,665,8426,710,8806,709,270

Local Revenue Sources:

8021 to 8089 - Property Taxes16,031,29116,976,71319,900,47921,787,33324,562,01124,562,01124,562,01124,562,01124,562,01124,562,01124,562,01124,562,011

8096 - In-Lieu of Property Taxes- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Property Taxes net of in-lieu15,749,33416,031,29116,976,71319,900,47921,787,33324,562,01124,562,01124,562,01124,562,01124,562,01124,562,01124,562,01124,562,011

TOTAL FUNDING$ 42,256,373$ 43,393,205$ 46,563,424$ 50,405,450$ 50,851,186$ 50,894,893$ 54,159,948$ 56,476,310$ 58,363,208$ 60,028,439$ 61,778,787$ 63,465,910$ 58,193,832

Basic Aid StatusNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic AidNon-Basic Aid

Less: Excess Taxes$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0

Less: EPA in Excess to LCFF Funding$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0

Total Phase-In Entitlement$ 43,393,205$ 46,563,424$ 50,405,450$ 50,851,186$ 50,894,893$ 54,159,948$ 56,476,310$ 58,363,208$ 60,028,439$ 61,778,787$ 63,465,910$ 58,193,832

8012 - EPA Receipts (for budget & cashflow)$ 7,216,188$ 7,008,816$ 8,699,626$ 8,239,114$ 7,708,662$ 5,726,946$ 5,932,848$ 6,351,351$ 6,556,416$ 6,554,272$ 6,665,842$ 6,710,880$ 6,709,270

Summary of Student Population

2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-25

Unduplicated Pupil Population

Agency Unduplicated Pupil Count3,744.003,562.003,287.003,233.003,345.003,373.003,421.003,444.003,442.003,456.003,461.00- 0

COE Unduplicated Pupil Count- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Total Unduplicated pupil Count3,744.003,562.003,287.003,233.003,345.003,373.003,421.003,444.003,442.003,456.003,461.00- 0

Rolling %, Supplemental Grant59.4900%58.4900%57.2500%55.8400%55.5700%56.2700%56.7500%56.7500%56.7500%56.7600%56.7600%0.0000%

Rolling %, Concentration Grant59.4900%58.4900%57.2500%55.8400%55.5700%56.2700%56.7500%56.7500%56.7500%56.7600%56.7600%0.0000%

FUNDED ADA

Adjusted Base Grant ADAPrior YearPrior YearPrior Year Prior YearCurrent YearCurrent YearCurrent YearCurrent YearPrior YearCurrent YearCurrent YearPrior Year

Grades TK-31,931.881,876.901,800.541,743.161,720.651,781.141,875.061,894.441,894.441,899.631,877.501,877.50

Grades 4-61,424.051,389.931,390.681,333.591,283.651,250.661,204.951,255.881,255.731,333.301,376.441,376.40

Grades 7-8862.25914.71881.62907.25851.90899.46917.82858.15857.97821.81838.61838.54

Grades 9-122,025.701,948.711,943.031,837.521,846.661,818.441,830.791,858.811,858.741,833.171,803.861,803.67

Total Adjusted Base Grant ADA6,243.886,130.256,015.875,821.525,702.865,749.715,828.625,867.285,866.885,887.915,896.415,896.10

Necessary Small School ADACurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent yearCurrent year

Grades TK-3- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Grades 4-6- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Grades 7-8- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Grades 9-12- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Total Necessary Small School ADA- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Total Funded ADA6243.886130.256015.875821.525702.865749.715828.625867.285866.885887.915896.415896.10

ACTUAL ADA (Current Year Only)

Grades TK-31,876.091,801.531,742.161,681.841,720.651,781.141,875.061,894.441,902.291,899.631,877.501.95

Grades 4-61,392.201,389.551,330.861,313.331,283.651,250.661,204.951,255.881,288.911,333.301,376.441.55

Grades 7-8913.47882.31908.29873.32851.90899.46917.82858.15814.95821.81838.611.14

Grades 9-121,955.871,943.251,837.561,757.091,846.661,818.441,830.791,858.811,858.211,833.171,803.862.98

Total Actual ADA6,137.636,016.645,818.875,625.585,702.865,749.715,828.625,867.285,864.375,887.915,896.417.62

Funded Difference (Funded ADA less Actual ADA)106.25113.61197.00195.94- 0- 0- 0- 02.51- 0- 05,888.49

LCAP Percentage to Increase or Improve Services

2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-242024-25

Estimated Total LCFF Funding43,393,205$ 46,563,424$ 50,405,450$ 50,851,186

Estimated Base GrantN/A$ 42,914,489$ 45,095,482$ 45,068,299

Estimated Total of Supplemental and Concentration GrantsN/A$ 2,838,511$ 4,499,544$ 4,972,463

Proportional Increase or Improvement in ServicesN/A6.61%9.98%11.03%

Current year estimated supplemental and concentration grant funding in the LCAP year$ 2,838,511$ 4,499,544$ 4,972,463$ 5,092,205$ 5,668,766$ 6,063,849$ 6,269,395$ 6,450,791$ 6,644,853$ 6,828,729$ - 0

Current year Percentage to Increase or Improve Services6.61%9.98%11.03%11.32%11.89%12.22%12.23%12.22%12.23%12.23%0.00%

2014-152015-162016-172017-182018-192019-202020-212021-222022-232023-24

Target Entitlement55,374,35654,514,39952,260,38751,995,46754,159,94856,476,31058,363,20860,028,43961,778,78763,465,910

Funded Base Entitlement$ 43,724,913$ 45,905,906$ 45,878,723$ 45,802,688$ 48,491,182$ 50,412,461$ 52,093,813$ 53,577,648$ 55,133,934$ 56,637,181

Supp/Conc Funding$ 2,838,511$ 4,499,544$ 4,972,463$ 5,092,205$ 5,668,766$ 6,063,849$

Documents

Proposed 2018-19 Budget June 5, 2018 · 05/06/2018 · Revenue Assumptions 2017-18 LCFF Funding of $54.2M, $2.9M of which is the final gap funding increase $5.7M of LCFF funding