California Estimates from Federal Stimulus Package
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Transcript of California Estimates from Federal Stimulus Package
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California Estimates from Federal Stimulus Package
• The American Recovery and Reinvestment Act (ARRA) includes the following for California:– Title I: $1.591 billion– IDEA: $1.422 billion– Construction: $2.43 billion
• Educational Technology $106 million
– Child Care Development: $220 million– Head Start: $82.5 million
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ARRA funding for Glendale Unified
2009 Funding• Title I-A increase $3,666,400• Construction: $9,947,800• IDEA increase $3,685,100• Total 2009: $17,299,2002010 Funding• Title I-A increase $3,666,400• IDEA increases: $4,227,700• Total 2010: $7,894,200Total 2009, 2010 Funding $25,193,400
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Will Federal Stimulus Dollars Directly Benefit Glendale Unified?
Federal StimulusPackage (ARRA)American Recoveryand Reinvestment
Act
State of California
Glendale UnifiedSchool District
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Combined Restricted and Unrestricted General FundsBeginning Fund Balance and Revenue
(2008-09)
$85 million
Unrestricted
Restricted
Need for Budget Flexibility
$186 million
31%
69%
$271 million
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Restricted GeneralFund (2008-09)
Types of ExpendituresSalaries and BenefitsOver 100 Programs
Federal ProgramsTechnologyNew Discretionary GrantsSpecial EducationEconomic Impact Aid (EIA)
Limitations of Some Restricted ProgramsRules and RegulationsLimited or No Personnel ExpendituresOne-Time FundingSite-Determined UsesSpecific Uses
$85 Million
Need for Budget Flexibility
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Need for Budget Flexibility
Restricted Budget Unrestricted Budget
State 70%
Federal30%
Salaries & Benefits 90%
Other10%
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Need for Budget FlexibilityUnrestricted Budget
Salaries & Benefits
90%
Other 10%
Governor’s Proposed Cuts12.3% (2008-09, 2009-10)
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Salaries & Benefits
90%
Other10%
Need for Budget Flexibility
Restricted Budget Unrestricted Budget
State 70%
Federal30%
Flexibility
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Details of Governor’s Proposal & Potential Phase 1 Adjustments
Governor's Proposal 2008-09 2009-10 2010-112008-09 - Eliminate the .68% COLA and a 4.5% Revenue Reduction (8.0) (8.0) (8.0)
2009-10 - Additional 2.5% Revenue Limit Reduction (3.8) (3.8)
2010-11 - Additional 3% Revenue Limit Reduction (4.5)
On-going Expenditure Reductions and/or Revenues - Phase 1Stop GASB 45 Contribution for Future Costs 1.2 1.2 1.2
Charge Food Service for Indirect Costs 0.3 0.3 0.3
One-time Reductions and/or Revenues - Phase 1Sweep Unrestricted General Fund Carry Over 1.0 JPA Workers Compensation Refund 3.1
Net Budget Adjustment (2.4) (10.3) (14.8)
Does Not Include:Flexibility Options - Categorical & Restricted Maint TransferReduced Spending & Staffing ReductionsSweep of Categorical ProgramsChanges to K-3 CSR
Detail of Governor's Proposal & Potential Phase 1 Adjustments
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Summary Impacts of Governor’s Proposed Budget & Potential Phase 1 Adjustments
2008-09 2009-10 2010-11
Ending Fund Balance Projection (First Interim 2008-09) 22.1 18.2 14.1 Impact of 2008-09 Adjustments (2.4) (2.4) (2.4) Impact of 2009-10 Adjustments (10.3) (10.3) Impact of 2010-11 Adjustments (14.8)
Adjusted Ending Fund Balance Projection 19.7 5.5 (13.4)
Designated and Restricted Portion:Inventory & Revolving Cash Account (0.2) (0.2) (0.2) Fund Balance Designation (0.6) (0.6) (0.6)
3% Mandated Reserve for Economic Uncertainties (6.8) (6.8) (6.8) Balance in Excess of 3% 12.1 (2.1) (21.0)
Summary Impacts of Governor's Proposed Budget & Potential Phase 1 Adjustments