BERRYESSA UNION SCHOOL DISTRICT SECOND INTERIM REPORT MARCH 7, 2011.
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Transcript of BERRYESSA UNION SCHOOL DISTRICT SECOND INTERIM REPORT MARCH 7, 2011.
![Page 1: BERRYESSA UNION SCHOOL DISTRICT SECOND INTERIM REPORT MARCH 7, 2011.](https://reader036.fdocuments.net/reader036/viewer/2022082611/56649ef55503460f94c0878b/html5/thumbnails/1.jpg)
BERRYESSA UNION SCHOOL DISTRICT
SECOND INTERIM REPORT
MARCH 7, 2011
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Second Interim Report Overview
Significant budget changes since the First Interim was approved December 14, 2010
Revenues have increased by $455,800 Expenditures have decreased by $434,000 Total changes increased unrestricted
reserves by $889,900 CDE and COE require budgeting a reduction
of $349 per ADA This results in a loss of $2.7 M in Revenue
Limit funding
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Second Interim Report Overview
To remain solvent in Year 3, the District must reduce its general fund unrestricted budget by $7 M
A Positive Budget Certification is necessary if the District needs to borrow funds next year at a reasonable rate to offset State deferrals
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Some of the Numbers
If the “Status Quo” is maintained, under current conditions, the District will be bankrupt in Year 3
The projected ending balance under those assumptions is negative $6.945 million
If extension of the tax initiatives gets on the ballot for a June election and IF the measure passes, the District is only looking at a reduction of $19 per ADA
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Some of the Numbers, cont’d
There are many, many IF’s in this year’s Second Interim budget
The uncertainty will remain until: The Legislature votes to place the tax initiative
on the ballot Both houses of the Legislature approve many
of the budget related measures in the Budget bill (2/3 vote required in each house)
The California electorate has the opportunity to decide on the tax extensions
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Options to Consider
Approve the Second Interim Report with a Positive Certification Approve the recommendations that will balance the budget
in the 3rd year Some of these recommendations include items that must be
negotiated: CSR at 30:1 Counselor reduction of 1.5 FTE 3 middle school FTE reduction 7 total CTAB furlough days Reorganize elementary prep (eliminate music/PE) use
substitute model for 4th and 5th grade prep Freeze step for CTAB Textbook adoption in Year 3 Transfer salary costs to restricted EdJobs funds
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Options to Consider
Approve the Second Interim Report with a Qualified Certification Approve recommendations that reduce
expenditures by $2.9 M and include one area that must be negotiated
CSR at 30:1 Transfer salary costs to EdJobs funding Textbook adoption in Year 3
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Next Steps
The Board must decide which option to choose AND: Work with constituencies to develop plans that
will reduce expenditures in future years Decide what programs are most important for
Berryessa’s children Develop contingencies that can be put into
place once the State decides its direction