Budget Adoption Presentation€¦ · MBUSD 2020-21 BUDGET ADOPTION Dr. Murakawa-Leopard June 29,...

+

MBUSD 2020-21 BUDGET ADOPTIONDr. Murakawa-Leopard

June 29, 2020Manhattan Beach Unified School District

325 S. Peck AvenueManhattan Beach, CA 90266Phone: (310) 318-7345, x5900

Budget Adoption – 6.29.20

2

GROSS DOMESTIC PRODUCT


3

RECOVERY FORECASTS


4

RECOVERY FORECASTS


5

BUDGET COMPONENTS


Governor Legislature Budget Act

COLA 2.31% with 10% deficit factor

2.31% 0%

CARES Act

$1.5B - Special Ed.$2.9B – Concentration

$1.5B - Special Ed.$2.9B – LCFF

$1.5B - Special Ed.$2.9B – Conc/Supp

$980M - LCFF

Special Education

$645M3-year average ADA

$545MAB 602 distribution

$545M3-year average

ADA

Deferrals $1.87B June 2020$5.28B April-June 2021

$1.87B June 2020$5.28B April-June

2021$4.625B Additional

$1.87B June$8.68B Feb-May to

Aug-Nov

Trigger Trigger Off if federal funds approved by Jul 1

Trigger On if federal funds not approved

by September 1

Trigger On if federal funds not

approved by October 15

6

BUDGET IMPACT


Governor Legislature Budget Act

COLA ($4,695,723) $731,720 ($12,593)

Special Education

$672,351 unknown $540,825

CARES Act

$1,901,774 $4,434,310 $3,059,395

Deferrals ($2,963,753) ( $3,828,947) ($4,279,953)

Trigger Trigger Off if federal funds approved by Jul 1

Trigger On if federal funds not approved

by September 1

Trigger On if federal funds not

approved by October 15

7

MBUSD 2020-21 BUDGETIncluded

• 0% COLA on LCFF • Special Education base rate enhancement, raising

the level to $645/ADA• CalPERS/CalSTRS rate buydown to shift long-term

investment to 2020-21 and 2021-22, creating a short-term 2% rate reduction

• ESSER allocation• Cash Deferrals

Not Included• CARES Act funding


8

FLEXIBILITY MEASURESEnacted

• ADA Hold Harmless • Ability to utilize both in-person and distance learning to

meet instructional day and instructional minutes requirements

• Increase to inter-fund borrowing limits• Exclusion of on-behalf payments from RRMA calculations• Use of property sale proceeds for one-time general fund

purposes

Flexibility Measures Not Included• Instructional day/instructional minute waivers• Reduction of RRMA requirements• Flexibility for supplemental/concentration grant funds• Flexibility to sweep ending balances from categorical

programs and restricted funds


9

2020-21 BUDGET PROJECTION


0%0%

102020-21 BUDGET PROJECTION: REVENUE


LCFF Revenue$56,083,494

67%

Federal Revenue

$2,251,985 3%

Other State Revenue

$10,144,719 12% Local Revenue

$15,214,077 18%

Certificated Salary

$34,250,499 41%

Classified Salary

$14,558,184 18%

Benefits$22,065,715

26%

Supplies$1,702,162

2%

Services$10,701,913

13%

Other Outgo/ Indirect$341,761

0%

112020-21 BUDGET PROJECTION: EXPENSE


12

MULTI-YEAR PROJECTION

Projections based on Board approved reductions for 2020-21,with no reductions in 2021-22 or 2022-23.


2019-20Estimated

Actuals

2020-21 Adopted Budget

2021-22 Projected

2022-23 Projected

Beg Balance $8,253,454 $6,237,170 $6,311,211 ($1,271,829)

Revenues $84,996,391 $83,694,275 $77,092,445 $77,038,488

Expenses ($87,012,675) ($83,620,234) ($84,675,485) ($87,422,253)

Net Increase/ (Decrease)

($2,016,284) $74,041 ($7,583,040) ($10,383,765)

Ending Bal $6,237,170 $6,311,211 ($1,271,829) ($11,655,594)

Undesignated Ending Bal

$950,780 $1,135,924 ($3,842,093) ($14,308,261)

13

MULTI-YEAR PROJECTION

Projections based on Board approved reductions for 2020-21,with reductions equivalent to 44 positions in 2021-22

and 45.6 positions in 2022-23.


2019-20Estimated

Actuals

2020-21 Adopted Budget

2021-22 Projected

2022-23 Projected

Beg Balance $8,253,454 $6,237,170 $6,311,211 $3,748,499

Revenues $84,996,391 $83,694,275 $77,092,445 $77,038,488

Expenses ($87,012,675) ($83,620,234) ($79,655,157) ($78,403,890)

Net Increase/ (Decrease)

($2,016,284) $74,041 ($2,562,712) ($1,365,401)

Ending Bal $6,237,170 $6,311,211 $3,748,499 $2,383,098

Undesignated Ending Bal

$950,780 $1,135,924 $1,328,845 $981

14ENDING FUND BALANCE


$-

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

2019-20 2020-21 2022-23 2021-22

Restricted

REU (5%)REU (3%)

Undesignated

15

POTENTIAL REDUCTIONS –STATE BUDGET

With an August Layoff Window Additional Potential Reductions

• Additional Assistant Principal(s)• Additional Counselors• Additional Class Size Increases• Additional Elementary Music• Additional Elementary PE• Additional Reading Specialists• Additional Zero Period

Reductions

(Estimated Savings - $1.7 Million)

• Additional Library Resource Specialist(s)

• PE Assistant(s)• School Site Clerical• District Office Clerical• Additional Classified Reductions

(Estimated Savings - $700,000)

Potential total reduction needed: $1.3 Million IMMEDIATE ADDITIONAL REDUCTIONS

NOT NECESSARY


16

POTENTIAL REDUCTIONS –COVID-19 RELATED

Impacted programs:• Classroom Support• Extended Day Program• Food and Nutrition Services• Physical Education/Athletics• Playground Support• School Office Support


17

NEXT STEPS• Adopt preliminary budget• Monitor state budget analysis• Explore possible parcel tax measure• Develop re-opening plans and make associated

staffing decisions• Present 45-day Revision• Present additional revision(s), if needed• Begin planning for 2021-22 – additional reductions

and/or revenue enhancements will be needed


+

MBUSD 2020-21 BUDGET ADOPTIONDr. Murakawa-Leopard

June 29, 2020Manhattan Beach Unified School District

325 S. Peck AvenueManhattan Beach, CA 90266Phone: (310) 318-7345, x5900


Budget Adoption Presentation€¦ · MBUSD 2020-21 BUDGET ADOPTION Dr. Murakawa-Leopard June 29,...

Documents

Transcript of Budget Adoption Presentation€¦ · MBUSD 2020-21 BUDGET ADOPTION Dr. Murakawa-Leopard June 29,...