2008- 2009 Budget Saddleback Valley Unified School District 1.
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Transcript of 2008- 2009 Budget Saddleback Valley Unified School District 1.
2008- 2009 BudgetSaddleback Valley Unified School
District
1
Hitting a Moving Target...
• Economy
• State Budget not yet settled - most betting on August
• May Revise as basis - hope for better
• Estimating enrollment
• What’s next
2
Economy
• Recession or not? Watch these indicators:
• Unemployment, Housing, Auto Sales, Durable Goods, Business Equipment and Business office/factories
• So far Unemployment is 4.5% annually
• Expect slow return Statewide but OC Mortgage Industry will not return
• No tax windfalls on the horizon
3
State Budget Status
• Conference Committee meeting but has made little progress
• Did agree to delay some payments to assist State cash flow
• Education issues put at end of agenda
• “Big 5” has met but no action
4
May Revise...is this the best we will see?
• Proposals to give Education more $$$
• Where it will come from - lottery, higher taxes, cuts in State services?
• Hardened stances make settlement difficult-- not feeling pressure yet
• Latest State Budget was 8/31/2002
5
Our “May Revise” Budget
• Includes:
• No COLA in State funding; 6.5% reduction in Categorical funding
• Reductions totaling $11.7 million
• Health costs up 8.8%;+$1,141 employee
• Transfer of $3 million of Categorical program reserves to Unrestricted 6
Flexibility - to be or not to be?
• proposed by Governor in May Revise
• between categoricals
• from categoricals to unrestricted
• not included in Democratic budget proposals
• not from Federal funds or Cafeteria
Flexibility...
• not from Spec. Ed., EIA or Textbooks
• based on amounts leftover - June 30, 2008
• our transfer plans are not specific due to lack of clear State guidelines - we just know it will be $3 million
Unknowns and Risk Areas
• Enrollment - has the trend basis has changed?
• Rising Payroll costs - costs exceed norm
• Rising Health costs
• State economy impacts to future budgets
9
Enrollment Planning
10
Enrollment vs Average Daily Attendance (a.d.a.)
11
Next Steps• Monitor the State Budget process
• Close out 2007-08 and prepare “unaudited actuals”
• Prepare for Revised Final Budget in September
• If State Budget is later than August, then make revisions to Revised Final Budget in October
12