Adopted Budget

2010-2011Summary

Public Hearing – Tier III ProgramsIt is the intention of the Palmdale School District to receive Tier III funding and to

utilize these funds in 2010-11 through 2012-13 for unrestricted educational purposes

Administrator Training Program (AB430) Community Day Schools Recruitment Grants

Adult Education Counselors, Grades 7-12 Regional Occupational Centers/Programs

Alternative Credentialing Deferred Maintenance SB 472 Professional Development

Arts & Music Block Grant Educational Technology School & Library Improvement

Bilingual Teacher Training Gifted & Talented Education (GATE) School Safety Competitive Grant

California High School Exit Exam (CAHSEE) High Priority Schools/ II/USP (2009-10) School Safety Consolidation

California School Age Families Educational Indian Education Centers Specialized Secondary Programs

Center for Civic Education Instructional Materials Fund Student Leadership

Certificated Staff Mentoring Program International Baccalaureate Supplemental Hourly Programs

Charter Schools Categorical Block Grant National Board Certification Targeted Instructional Improvement Grant

Child Oral Health Assessments Peer Assistance and Review Teachers Credentialing Block Grant

Class-Size Reduction-9th Grade Physical Education Teacher Teacher Dismissal Apportionments

Community Based English Tutoring (CBET) Professional Development Block Grant Williams Audits

Readers for the Blind

OverviewGovernor’s Budget Proposal January - Specific Reductions to K12 ($1.5 billion) May Revise – Reductions Remain – District Decision - $4.6 m Revenue Limit Deficits - $26 millionState Economic Condition Property Tax Revenues are down Sales Tax Revenues are down Unemployment Rates are upDistrict Declining Enrollment Budget Reduction Plan – 2011-12 & 2012-13

Enrollment History – Includes Charter School

2009-10

20,958

These figures include Charter School Enrollment – 2010/11 = 443 PSD = 20,115

20,558

2010-11

2009-2010 Base Revenue Limit (Prior Year) $6,166.85

2010-2011 COLA – .39% (24.00)

2010-2011 Equalization Aid 0.00 2010-2011 Base Revenue Limit before Deficit $6,142.85

 2010-2011 Deficit – 18.355% $(1,127.52) 2010-2011 Unallocated Reduction – 3.85% $(236.50)

 2010-2011 Base Revenue after Deficit $4,778.83For a total reduction of $1,388.02/ADA

Base Revenue Limit

Revenue Limit ApportionmentDistrict Revenue Limit per ADA (Prior Year) 121,004,574

$6,166.85

COLA per ADA – Reduction ($467,842) -24.00

Equalization 0.00

Total Base Revenue Limit Per ADA 6,142.85

Revenue Limit ADA (prior year ADA used) 19,557

Total Base Revenue Limit $120,139,587

Additional Revenue Limit Adjustments (Meals for the Needy/Beginning Teachers)

475,623

Revenue Limit Subject to the Deficit $120,615,210

Deficit Factor (18.355 = 0.81645) -22,138,922

Deficit Unallocated Reduction (3.85%) -4,643,686

Revenue Limit after Deficit Reductions $93,832,602

Other Revenue Limit Items (Local Revenue, Pers, UI, Property Taxes, COE Transfer)

-4,667,698

Total State Aid Portion of Revenue Limit $89,159,886

Revenues $181,794,793 Million

Rev Limit$95,219,21

9

Fed-eral

$29,926,59

1

State

$54,892,98

3

Local$1,756,000

Charter School $1,106,148SELPA Pass-Thru $17,745,036

SELPA Pass-Thru $28,152,878

Total SELPA Pass-Thru $45.8 million Total Charter School Pass-Thru $1.1 million

Expenditures $199,217,441 Million

Certificated$70,515,238

Classified$22,287,463

Benefits$36,658,436

Books & Supplies$7,476,575

Services$14,891,019

Capital Outlay$419,000

Other Outgo$47,349,208

Indirect$-379,498

Includes SELPA & Charter School Pass-Thru Funds - $47,349,208 Other OutgoTotal Salaries & Benefits = $129,461,137 (86% of expenditures)

Sal/Ben $93 million 91%

Books/Sup $13 million 9%

Expenditures - Unrestricted

Special Education $9,439,058

Routine Main-tenance

$2,675,333

Transportation $2,062,137

Community Day School $377,812

$14,554,340

Special EducationRoutine MaintenanceTransportationCommunity Day School

Contributions

Salary AdjustmentsSalary Adjustments 2010-11 2011-12 2012-13

Certificated – Step and Column Increase $1,325,973 $1,233,324 $1,255,829

Classified – Step and Column Increase $431,228 $363,905 $370,469

Step and Column Total $1,757,201 $1,597,230 $1,626,298

Classified – Compensation Study Phase IV $170,000

Budget Reduction Amount Required $5,406,550 $1,500,000 $8,300,000

Furlough Days – Adjustment (Union Negotiation) $840,130 $855,252

Budget Reduction Amount Required $5,406,550 $2,340,130 $9,155,252

Budget Reduction Plan – 2010-11Budget Reduction Plan Amount Reduced

Leadership Team $648,000

Palmdale Elementary Teachers Association (PETA)

$3,567,550

California School Employees Association (CSEA)

$1,155,000

Total $5,406,550

Tax and Revenue Anticipation Notes (TRANS)

Apportionment Deferrals Schedule

TRANS 2010-11

$7,175,000 July 2010 100% + 25% to September 2010

October 2010

100% to January 2011

February 2011

94.4% to July 2011

March 2011 100% to July 2011

April 2011 33% to August 2011

May 2011 50% to August 2011

June 2011 100% to July 2011

Cash Management – TRANS & Deferrals

Multi-Year Projections - Factors

2011-2012 2012-2013

Enrollment Growth -300 -250

ADA Decline -286 -238

Step & Column Movement 1.8% 1.8%

Cost of Living Adjustment (zero used) 2.10% 2.40%

Revenue Limit Deficit -18.355% -18.355%

Base Revenue Limit Increase (zero used)

$128 $149

Equalization Aid 0 0

Lottery Revenue – Unrestricted $111.00 $111.00

Lottery – Restricted $14.50 $14.50

Interest Rate for 10-year Treasuries 4.4% 4.6%

2010-2011 2011-2012 2012-2013

Revenue $181,794,793 $183,301,775 $185,232,858

Expenditures $199,217,441 $197,324,277 $189,525,983

Beginning Fund Balance $41,497,180 $24,074,532 $10,052,030

Ending Fund Balance $24,074,532 $10,052,030 $5,758,905

Components of EFB

Reserve 3% $4,599,586 $4,542,791 $4,308,842

Revolving Cash/Stores $100,000 $100,000 $100,000

$19,374,946 $5,409,239 $1,350,063Includes Budget Reduction Calculations

Multi-Year Projections - Combined

All Other Funds – 2010-2011Fund

Description Beginning Balance

RevenueBudget

Expenditure

Budget

Ending Balance

12 Child Development $765,251 $13,046,323

$13,046,323

$765,251

13 Nutritional Services $2,279,152 $8,915,000 $8,915,000 $2,279,152

14 Deferred Maintenance (Tier III)

$5,147,548 $55,000 $0.00 $5,202,548

20 Postemployment Benefits $167,999 $2,000 $0.00 $169,999

21 Building Fund $14,577,398 $425,000 $0.00 $15,002,398

25 Capital Facilities (Dev Fees) $1,534,971 $90,000 $120,062 $1,504,909

35 County School Facilities $5,537,193 $35,000 $280,000 $5,288,031

40 Capital Outlay $1,229,216 $30,000 $112,500 $1,150,878

51 Bond Interest & Redemption $1,410,845 $0.00 $0.00 $1,410,845

52 Debt Service $6,961,606 $3,355,000 $1,523,473 $7,283,133