2014-15 SECOND INTERIM REPORT · 2015. 3. 11. · 2014-15 SECOND INTERIM REPORT (FINANCIAL...
Transcript of 2014-15 SECOND INTERIM REPORT · 2015. 3. 11. · 2014-15 SECOND INTERIM REPORT (FINANCIAL...
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Stefanie Phillips, Ed.D. Deputy Superintendent, Operations/CBO
2014-15 SECOND INTERIM REPORT (FINANCIAL INFORMATION AS OF JANUARY 31, 2015) MARCH 10, 2015
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TONIGHT’S GOALS
2014–15 Second Interim Report Positive Certification
Major Changes Since First Interim Process/Next Steps
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STATE FUNDING: LCFF REVIEW 3
BASE GRANT
SUPPLEMENTAL GRANT
CONCENTRATIONGRANT
» Approximately 27.66% of all LCFF funds received by SAUSD
» Approximately 72.34% of all LCFF funds received by SAUSD
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REVENUE ADJUSTMENTS – 2014-15 $ (in millions)
Current year LCFF funding adjustment ($1.4 million)
MAJOR CHANGES SINCE FIRST INTERIM BUDGET REPORT: REVENUE
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REVENUE ADJUSTMENTS – 2015-16 $ (in millions)
Gap funding at 32.19% in LCFF funding projection $15.7 million
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EXPENDITURE ADJUSTMENTS – 2015-16 $ (in millions)
LCAP Priorities $3.2 million
Special Education staffing increase $3.6 million
Summer School Extended Year and After School $1.5 million
OPEB Liabilities $6.6 million
Instructional Materials Reserve $1.0 million
MAJOR CHANGES SINCE FIRST INTERIM BUDGET REPORT: ESTIMATED EXPENDITURES
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NEXT STEPS: BUDGET
June 2015
LCAP and Budget
May 2015
LCAP Update to the Board
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THANK YOU 7