MDUSDMDUSDProposed BudgetProposed Budget

Bryan RichardsBryan Richards

Director of Fiscal ServicesDirector of Fiscal Services

June 30, 2009June 30, 2009

In our last episode…,In our last episode…,

►Governor blew the tires off of the bus Governor blew the tires off of the bus by slashing transportation funding 65%by slashing transportation funding 65%

►Decimated School Districts begin Decimated School Districts begin piecing together how to react to a piecing together how to react to a devastating 17.967% deficit factordevastating 17.967% deficit factor

►State Controller John Chiang State Controller John Chiang

indicated the State could run outindicated the State could run out

of cash by July 28of cash by July 28

And tonight…,And tonight…,

►Legislature passes parts of amended Legislature passes parts of amended budget package including education budget package including education without 2/3 majoritywithout 2/3 majority

►Governor threatens veto on all bills Governor threatens veto on all bills without 2/3 majoritywithout 2/3 majority

►All sides appear to have dug in their heelsAll sides appear to have dug in their heels►Chiang says State will start issuing Chiang says State will start issuing

registered warrants (funny money) registered warrants (funny money)

on Thursday July 2 without budget.on Thursday July 2 without budget.

What the cut looks likeWhat the cut looks like

MDUSD Revenue Limit Funding per ADA

6,965

6,7556,583

6,4286,370

6,109

5,125

5,528

5,7145,541

5,4005,2735,2255,411

5,079

4,500

5,000

5,500

6,000

6,500

7,000

7,500

2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14

Year

Dolla

rs $

per A

DA Revenue Limit

2nd May Revise

How much have we lost?How much have we lost?

► $698.16 per ADA shortfall in 2008/09 = $698.16 per ADA shortfall in 2008/09 = $23,260,031$23,260,031

► $1,144.54 per ADA shortfall in 2009/10 = $1,144.54 per ADA shortfall in 2009/10 = $37,933,798 + $1,832,000 trans = $37,933,798 + $1,832,000 trans = $39.8M$39.8M

► $1,154.96 per ADA shortfall in 2010/11 = $1,154.96 per ADA shortfall in 2010/11 = $38,064,560 + $1,832,000 = $39.9M$38,064,560 + $1,832,000 = $39.9M

► $1,182.81 per ADA shortfall in 2011/12 = $1,182.81 per ADA shortfall in 2011/12 = $38,771,991 + $1,832,000 = $40.6M$38,771,991 + $1,832,000 = $40.6M

► Total in 4 years = Total in 4 years = $143,526,380$143,526,380 ►Grows over $41,300,000 per year thereafterGrows over $41,300,000 per year thereafter

Unrestricted General Fund Unrestricted General Fund RevenuesRevenues

►Revenue Limit SourcesRevenue Limit Sources $ 169,680,193 $ 169,680,193►Federal RevenueFederal Revenue 225,054 225,054►Other State RevenueOther State Revenue 27,789,772 27,789,772►Other Local RevenueOther Local Revenue 1,531,495 1,531,495►Total RevenueTotal Revenue 199,226,514 199,226,514►Less: Net Contrib. to RGF Less: Net Contrib. to RGF (44,444,290)(44,444,290)►Net Available RevenueNet Available Revenue $ 154,782,224 $ 154,782,224

Mt. Diablo Unified School District Unrestricted General Fund Revenues Before Contributions

2009-10 Total = $199,226,514

Local Revenue0.8%

State Revenue13.9%Federal Revenue

0.1%

Revenue Limit Contributed to

Restricted22.3%

Revenue Limit62.9%

Unrestricted ExpendituresUnrestricted Expenditures► Certificated Salaries Certificated Salaries $ 91,336,704 $ 91,336,704► Classified SalariesClassified Salaries 20,648,127 20,648,127► Employee BenefitsEmployee Benefits 31,988,187 31,988,187► Books & SuppliesBooks & Supplies 5,131,265 5,131,265► Services & OperatingServices & Operating

495,581495,581► Capital OutlayCapital Outlay 137,720 137,720►Other OutgoOther Outgo 929,381 929,381► Interfund Transfers Out Interfund Transfers Out 6,409,8466,409,846► Total ExpendituresTotal Expenditures 157,076,811 157,076,811► Less: Indirect Cost Xfrs InLess: Indirect Cost Xfrs In (4,460,130)(4,460,130)►Net ExpendituresNet Expenditures $152,616,681 $152,616,681

Mt. Diablo Unified School DistrictUnrestricted General Fund Expenditures and Transfers Out

2009-10 Total = $157,076,811

Services & Operating

0.32%Capital Outlay

0.09%

Other outgo0.54%

Interfund Transfers Out

4.08% Books and Supplies

3.27%

Employee Benefits20.36%

Classified Salaries13.15%

Certificated Salaries58.15%

Unrestricted Bottom LineUnrestricted Bottom Line

►Net Available RevenueNet Available Revenue $ $154,782,224154,782,224

►Net Expenditures Net Expenditures 152,616,681152,616,681►Net (decrease) fund bal. 2,165,543Net (decrease) fund bal. 2,165,543►Beginning Balance, July 1Beginning Balance, July 1 5,061,1195,061,119►Projected Ending Balance $ 7,226,662Projected Ending Balance $ 7,226,662

Components of Ending Components of Ending BalanceBalance

►Revolving CashRevolving Cash $ 300,000$ 300,000►Stores InventoryStores Inventory 250,000 250,000►Economic Uncertainties (2%) 5,472,456Economic Uncertainties (2%) 5,472,456►Undesignated BalanceUndesignated Balance

1,204,2061,204,206►Ending BalanceEnding Balance $ 7,226,662$ 7,226,662

Restricted RevenueRestricted Revenue

►Revenue Limit SourcesRevenue Limit Sources $ 5,036,550 $ 5,036,550►Federal RevenueFederal Revenue 22,521,397 22,521,397►Other State RevenueOther State Revenue 33,100,968 33,100,968►Other Local RevenueOther Local Revenue 6,922,640 6,922,640►Net Contrib. from Unr.Net Contrib. from Unr. 44,444,29044,444,290►Total RevenueTotal Revenue $112,025,845 $112,025,845

Mt. Diablo Unified School DistrictRestricted General Fund Revenue

2009-10 Total = $112,025,845

Interfund Transfers0.00%

Local Revenue6.18%

State Revenue29.55%

Federal Revenue20.10%

Revenue Limit4.50%Contribution from

Unrestricted39.67%

Restricted ExpendituresRestricted Expenditures►Certificated SalariesCertificated Salaries $ 32,326,414 $ 32,326,414►Classified SalariesClassified Salaries 19,594,642 19,594,642►Employee BenefitsEmployee Benefits 21,719,245 21,719,245►Books & SuppliesBooks & Supplies 7,642,026 7,642,026►Services & Other Operating Services & Other Operating

33,467,86833,467,868►Capital OutlayCapital Outlay 55,000 55,000►Other OutgoOther Outgo 2,505,016 2,505,016► Indirect Costs Xfr OutIndirect Costs Xfr Out 3,695,9073,695,907►Total ExpendituresTotal Expenditures $ 121,006,118 $ 121,006,118

Mt. Diablo Unified School DistrictRestricted General Fund Expenditures

2009-10 Total = $121,006,118

Interfund Transfers

0.00%

Indirect Costs Xfr Out

3.05%

Books & Supplies6.32%

Employee Benefits17.95%

Classified Salaries16.19%

Certificated Salaries26.71%

Capital Outlay0.05%

Other outgo2.07%

Services & Other Operating

27.66%

Restricted Bottom LineRestricted Bottom Line

►Total RevenueTotal Revenue $ 112,025,845 $ 112,025,845►Total ExpendituresTotal Expenditures 121,006,118121,006,118►Net (decrease) in fund bal.Net (decrease) in fund bal. ( 8,980,273) ( 8,980,273)►Beginning Balance, July 1Beginning Balance, July 1 9,099,954 9,099,954►Projected Ending Balance $ 119,681Projected Ending Balance $ 119,681

Donations UpdateDonations Update

►Donations received since the “hat” Donations received since the “hat” campaign began total:campaign began total:

Other FundsOther Funds

► Funds for special purposes excluded from the Funds for special purposes excluded from the General FundGeneral Fund

► Special Revenue FundsSpecial Revenue Funds Charter School – Form 09Charter School – Form 09 Adult Education – Form 11Adult Education – Form 11 Cafeteria – Form 13Cafeteria – Form 13 Deferred Maintenance – Form 14Deferred Maintenance – Form 14

► Capital Projects FundsCapital Projects Funds Building (Proceeds of local bonds for construction) Building (Proceeds of local bonds for construction)

– Form 21– Form 21 Capital Facilities (a.k.a. Developer Fees) – Form 25Capital Facilities (a.k.a. Developer Fees) – Form 25

Other FundsOther Funds

► Capital Projects Funds (continued)Capital Projects Funds (continued) County School Facilities (State Allocations for County School Facilities (State Allocations for

construction) – Form 35construction) – Form 35 Capital Project for Blended Component Units Capital Project for Blended Component Units

(Mello-Roos) – Form 49(Mello-Roos) – Form 49► Debt Service FundsDebt Service Funds

Bond Interest and Redemption – Form 51Bond Interest and Redemption – Form 51 Debt Service for Blended Component Units (Mello-Debt Service for Blended Component Units (Mello-

Roos) – Form 52Roos) – Form 52► Foundation Private-Purpose Trust Fund Foundation Private-Purpose Trust Fund

(Scholarship Fund) – Form 73(Scholarship Fund) – Form 73► All “Other Funds” projecting positive fund All “Other Funds” projecting positive fund

balancesbalances

Events to watch for next Events to watch for next season…season…

►Will the State Legislature pass a revised Will the State Legislature pass a revised budget?budget? Cannot agree on cuts versus revenue increasesCannot agree on cuts versus revenue increases Already missed June 15 deadline, June 30 deadline… Already missed June 15 deadline, June 30 deadline…

(Julgusepoctemberary 32(Julgusepoctemberary 32ndnd?)?)

►Will the Governor sign it? Will the Governor sign it? ►Health care increases lower, but still above CPI Health care increases lower, but still above CPI

and COLAand COLA► ARRA goes away after 2010/11ARRA goes away after 2010/11►We go back to deficit spending in the out yearsWe go back to deficit spending in the out years►Have a great summer and stay tunedHave a great summer and stay tuned