Mark Twain Union Elementary School District P.O. Box 1359 ▪ Angels Camp, CA 95222

(209) 736-1855 phone ▪ (209) 736-6888 fax ▪ www.mtwain.k12.ca.us

Julia Tidball, Superintendent

Board of Education: Diane Bateman Jennifer Eltringham Kendall Morlan Timothy Randall Margaret Rollings

“Fostering a secure and exciting learning environment…”

1st Interim Report

2015 – 2016

By: Roy Blair, Director of Business ServicesPresented to the Board 12.10.2015

Mark Twain Union Elementary School DistrictJulia Tidball, Superintendent

2015-16 First Interim Budget Revision Narrative

California Education Code requires all public school districts to file at least two interim financial reportsannually with their local county superintendent of schools and California Department of Education. Interimreports serve as “snapshots” of the district’s financial condition at a particular point in time. The GoverningBoard of each district must certify whether their budget is able to meet their financial obligations for theremainder of the current fiscal year and two subsequent years. Certifications are positive, qualified, or negative.A positive certification means the district will be able to meet its financial obligations for the current year andtwo subsequent years. Qualified certification means the district may not meet its financial obligations, whilenegative certification indicates the district will not meet its fiscal obligations. The First Interim Budget Reportcovers the financial and budgetary status of each school district for the four month period July 1, to October 31of the current fiscal year.

Interim reports are prepared by using the Standardized Account Code Structure (SACS) state software. SACSforms have four columns of information: A: Original July 1st Budget, B: Board Approved Operating Budget, C:Actuals to date from July 1 to October 31 of the current fiscal year, and D: Projected Year Totals

The projections presented have been developed based on information provided by the MTUESD BusinessDepartment, the Business and Administration Steering Committee (BASC), and by the Fiscal Crisis andManagement Assistance Team (FCMAT). Enrollment and ADA is based on grade-level cohort projections. Thefollowing projections are based upon the most recent information and are subject to change. Any significantchanges will be adjusted and reflected in the Second Interim Budget Report which will cover the financial andbudgetary status of the district for the seven month period July 1 to January 31 of the current fiscal year.

Key planning factors incorporated into the attached first interim report and multiyear projections are listedbelow and are based upon the latest information available as of November 2015.

FISCAL YEAR

PLANNING FACTORS 2015-16 2016-17 2017-18

K-8 Student Enrollment 804 801 802

Average Daily Attendance (ADA) 772.32 769.42 769.83

COLA (Department of Finance) 1.02% 1.60% 2.48%

LCFF Gap Funding Percentage (DOF) 51.52% 35.55% 35.11%

STRS Employer Rates 10.73% 12.58% 14.43%

PERS Employer Rates 11.847% 13.5% 16.6%

Lottery – Unrestricted per ADA $140 $140 $140

Lottery – Prop 20 restricted per ADA $41 $41 $41

Mandated Block Grant – K8 per ADA $28.42 $28.42 $28.42

Mandated Discretionary Funds per ADA $529 NA NA

Educator Effectiveness FundingPer Certificated FTE

$1,466 NA NA

Routine Restricted Maintenance (Resource 8150) 3% 3% 3%

The following schedule presents a brief summary of the General fund Federal, other state, and local revenues forthe current and two subsequent years as reflected in the SACS documents attached to this narrative.

MULTIYEAR PROJECTIONS 2015-16 2016-17 2017-18

Federal Revenues 193,276$ 200,000$ 200,000$

Lottery - Unrestricted 109,889$ 108,500$ 108,500$

Lottery – Prop 20 restricted 33,793 31,775 31,775

Mandated Block Grant – K8 22,058 22,058 22,058

One-Time Mandated Discretionary Funds 410,806 NA NA

One-Time Educator Effectiveness Funding 57,928 NA NA

Miscellaneous state revenues 5,000 5,000 5,000

Other State Revenues 639,474$ 167,333$ 167,333$

Leases and rentals 19,373$ 19,373$ 19,373$

Interest 9,000 9,000 9,000

Fees and tuition 40,608 43,290 44,108

Miscellaneous local revenues 25,198 18,675 18,675

Local grant 30,000 - -

Microsoft funds 27,523 NA NA

County transfer 45,649 - -

Other State Revenues 197,351$ 90,338$ 91,156$

2016-17 and 2017-18 revenues from federal sources are budgeted at the 2015-16 funding level

Lottery, mandated block grant, and other state revenues projected at the 2015-16 funding level for 2016-17 and 2017-18. Mandated Discretionary and Educator Effectiveness funds are One-Time sources to bereceived in 2015-16 only.

2016-17 and 2017-18 revenues from local sources are budgeted at the 2015-16 funding level. Localgrants are not budgeted until awarded. Special education SELPA costs are expected to increase andeliminate the county transfer. One-time Microsoft funds were expended in 2015-16.

The following schedule presents a brief summary of the General fund expenditures for the current and twosubsequent years as reflected in the SACS documents attached to this narrative

MULTIYEAR PROJECTIONS 2015-16 2016-17 2017-18

Certificated salaries 2,720,310$ 2,825,522$ 2,922,743$

Classified salaries 1,057,150 1,078,816 1,094,128

Fringe benefits 1,250,896 1,355,586 1,464,776

Total Salaries and benefits 5,028,356 5,259,924 5,481,647

Books and supplies 503,796 327,705 332,685

Service and Other operating expenditures 1,065,896 989,427 996,297

Capital Outlay 56,000 13,000 13,000

Other outgo and indirect 47,964 47,964 47,964

Transfers out 250,771 101,200 101,200

Total General fund expenditures 6,952,783$ 6,739,220$ 6,972,793$

Employee salaries 2015-16 and 2016-17 include step and column increases of 3% for all qualifying employees as reflected

in the current salary scheduleo All Certificated employee’s qualifyo Projected that 2/3 of classified employees will move advance a step on the salary schedule.o A counselor has been added in 2016-17.

Employee benefitso STRS employer contributions increase from 10.73% in 2015-16 to 12.58% in 2016-17 and 14.43%

in 2017-18o PERS employer contributions increase from 11.847% in 2015-16 to 13.05% in 2016-17 and 16.60%

in 2017-18o OASDI, SUI, and Workers Compensation for 2016-17 and 2017-18 include an increase to correlate

to increasing salaries. No increase in rates is budgeted.o An increase in Health and Welfare or disability rates has not been budgeted in 2016-17 or 2017-18.

Health and Welfare employer contributions are capped at $9,260 per full time employee.

Materials and Services expenseso 2014-15 One-time expenditures eliminated in out yearso 1% increase from remaining prior year expenditure levelso Routine Restricted Maintenance Transfer of 3% in 2015-16