KENTFIELD SCHOOL DISTRICT

Fiscal Year 2013 - 2014 Operating Budget & Financial Information

Adopted Budget July 1, 2013 - June 30, 2014

Board Approval: June II , 2013

KENTFIELD SCHOOL DISTRICT

Board of Trustees

Bitsa Freeman

Juli Kauffman

Ross McKenna

Ashley Paff

Cynthia Roenisch

o

Mary Jo Pettegrew, Superintendent

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TABLE OF CONTENTS

Major Budget Directions

Budget Management Calendar

Summary of All Funds

General Fund Revenues & Expenditures Detail

Pie Chart

General Fund Budget Comparison

Multi-Year Projection

Assumptions for Multi-Year Projections

Class SizelEnroliment

SUPPLEMENT California Department of Education Financial Reports

KENTFIELD SCHOOL DISTRICT

MAJOR BUDGET DIRECTIONS

The best possible educational program is implemented to meet the needs of all students.

The most competitive possible compensation program for staff members is implemented to attract and retain outstanding staff members.

Operating expenditures must not exceed operating income sources.

The District shall maintain a 3% reserve required by the State and a minimum 2% District reserve.

The budget will be constructed with reserves to meet unforseen contingencies and/or unanticipated opportunities that may arise throughout the school year.

The capital needs of the District will be planned for in several areas: (1) operating and deferred maintenance; (2) acquisition of equipment, and (3) major improvements or construction.

Ongoing efforts will be made to analyze specific programs in order to improve both effectiveness and efficiencies.

Resources will be aligned with the Strategic Plan.

Board Approved 31912010

KENTFIELD SC HOOL DISTRICT BUDGET DEVELOPM ENT CALENDAR 20 12-2013

ACTIVITY/ACTION PERSONIUNIT RESPONSIBLE

Finance Committee Meeting planning meeting S u peri n tendentlBoard to discuss the purpose, structure, calendar, and Representati ve/CBO/Commi ttee fi scal goal alignment to the Strategic Plan .

Board Meeting SuperintendentlGoverning 2011 - 12 Unaudited Actuals Budget Report Board/CBO

Board Meeting SuperintendentlGoverning Board/CBO

Finance Committee Meeting planning meeting SuperintendentlBoard to discuss the purpose, structure, calendar, and Representati ve/CBO/Committee fi scal goal ali gnment to the Strategic Plan .

Board Meeting SuperintendentlGoverning Board/CBO

Board Meeting S u peri n tendentlGovern i ng 20 12- 13 I" Interim Budget Report Board/CBO

Finance Committee Meeting to review Superi ntendentlBoard Governor's Budget Proposal Representati ve/CBO/Commi ttee

Board Meeting SuperintendentlGoverning Board

Governor's Budget Conference SuperintendentlBoard School Services of California - Sacramento Representati ve/CBO/KTA

Budget 101 - Parent Education S u peri ntendentlB oard Budget 101 - KSF/Staff Meetings Representati ve/CBO/KSF

Board Meeting - to review budget assumptions, Superintendentl Governing enrollment, staffing projections, and approve Board/CBOlPrincipals temporary certificated layoff resolution.

Budget Study Session with Governing Board - Superintendentl Governing planning meeting fo r 201 3-14 Board/CBOlPrincipals/Finance

Committee

DATE

September 13, 20 12

September I I, 20 12

October 9, 201 2

November 8, 201 2

November 13, 201 2

December I I, 20 12

January 17,2013

January 15,201 3

January 15, 201 3

Certificated Staff: Kent Staff - March 13, 20 13 Bac ich Staff -March 13, 201 3

PTA - June 3, 20 13 KSF - March xx, 2013

Classified Staff: Kent-May 15,20 13 Bac ich - May IS, 201 3

February 12, 201 3

TBD

KENTFIELD SCHOOL DISTRICT BUDGET DEVELOPMENT CALENDAR 201 2-201 3

ACTIVITY/ACTION PERSONIUNIT RESPONSIBLE

Finance Committee Meeting to review budget Superintendent/Board reduction tiered list for 2013-14. Representati ve/CBO/Committee

Board Meeting Superintendent/Governing Board/CBO 2012-1 3 Second Interim Budget Report

Legal Deadline for Layoff Notices to Superintendent/Governing Board certificated management and certificated personnel (if necessary) Note: Classified personnel layoffs must have Board act ion 45 days prior to the end of the school year. Budget Workshop with Governing Board Superintendent/Governing Board/CBO

Final Review of Budget Recommendati ons Superintendent/CBO/Cabinet

Board Meeting Superintendent/Governing Board

Strategic Planning Annual Update to discuss Superintendent/Strategic Planning Team current plan and priorities.

Finance Committee Meeting Superintendent/Board Representati ve/CBO/Committee

Board Meeting Superintendent/Governing Board

May Revise S u peri n tenden t/Board Governor's May Revision Conference Representati ve/CBO/Principal s School Services of California Rev iew of the State Budget

Budget Workshop - Governing Board Superintendent/Governing Board/CBO/Principal s/Finance Committee

Revise the budget based on the Governor's May Superintendent/Governing Board/CBO Revise

Board Meeting - Hold public hearing and adopt Superintendent/Governing Board budget for fi scal year 201 3-14. Discuss and adopt resolution to send preliminary layoff notices to appropri ate classified personnel (if necessary).

DATE

March 7, 201 3

March 12, 2013

March 15, 2013

TBD

April xx, 201 3

Apri l 2, 201 3

TBD

May 9, 201 3

May 14,201 3

May 20, 2013

May xx, 2013 (if necessary)

TBD

June 11 ,201 3

REVENUE Excess Tax Revenues $

Federal Revenues $

Other State Revenues $ Other Local Revenues $

TOTAL REVENUES $

EXPENDITURES

Cen ificated Slaff $

Classifi ed Staff $

Employee Benefits $

Materials & Supplies $

Contracts & Services $ Capital Ou tlay & Other Ou tgo $

TOTAL EXPENDITURES $

Excess (Deficiency) of

Revenues Over Expenditures

Before Inter-Fund Transfers $

OTHER FINANCING SOURCES (USES) [mer-Fund Transfers $

Con tributions $

TOTAL OTHER FINANCING $ ENDING BALANCES Net Increase (Decrease)

in Fund Balance $

Plus: Beginning Balance $ TOTAL ENDING BALANCES $ COMPONENTS OF ENDING BALANCES 3% Mandated State Reserve $ 2% Distric t Designated Reserve $ Enroll ment Growth Reserve $ Special Education Reserve $ Revolving Cash Fund $

Undesignated Contingency $ TOTAL ENDING BALANCES $

KENTFIELD SCHOOL DISTRICT 2013 - 2014 Adopled Budgel

Summary of All Funds

CDE Form a l l CDE Form 141

General Fund 0 1 Deferred Maintenance

Combined Unrestricted Restri cted 14

6,807, 104 $ 6,773.263 S 33,841 S 183,594 $ $ 183,594 $ -872,743 $ 798,302 S 74.44 1 $ 35,000

5.826,85 1 $ 5,188, 107 $ 638,744 $ 100

13,690,292 $ 12,759,672 $ 930,620 $ 35,100

7,562,385 $ 6,95 1,664 $ 610,721 $ -1,6 18,950 $ 1,] 77,7 14 $ 44 1,236 $ -2,583, 107 $ 2,269,5 16 $ 3 13,59 1 $

552.555 $ 476,605 $ 75,950 $ -1,190,283 $ 686,127 $ 504,156 $ 45,000

500,386 $ 11 7,000 $ 383,386 $ -14,007,666 $ 11,678,626 $ 2,329,040 $ 45,000

(3 17,374) $ 1,08 1,046 $ (1,398,420) $ (9,900)

57,383 $ 57 ,383 $ - $

- $ ( 1,398,420) $ 1,398,420 $ -57,383 $ (1,341,037) $ 1,398,420 $

(259,991) $ (259,99 1) $ $ (9,900)

1,634,385 $ 1,634,385 $ $ 56,695 1,374,394 $ 1,374,394 $ - $ 46,795

420,230 $ 420.230 $ $ -280, 153 $ 280. 153 $ - $ -2 10,552 $ 2 10,552 $ - $ -tOO,OOO $ 100,000 $ - $ -

700 $ 700 $ $ -362,759 $ 362,759 $ - $ 46,795

1,374,394 $ 1,374,394 $ $ 46,795

CDE Fonn 7 \ 1 CDE Fonn 75 1 CDE Fonn 401

2004 Bond Developer Kent Capi tal

Bui lding Fees Gym Outlay

22 26 27 40

$ - $ $ - $

$ - $ $ - $ -$ - $ - $ - $ -$ 5 $ 25,050 $ 200 $ 100

$ 5 $ 25,050 $ 200 $ 100

$ - $ - $ $ -$ $ - $ $ -$ $ $ $ -$ - $ $ - $ 3,000

$ 1,000 $ $ 5,000 $ -$ - $ 25,000 $ - $ -$ 1,000 $ 25,000 $ 5,000 $ 3,000

$ (995) $ 50 $ (4,800) $ (2 ,900)

$ - $ - $ (57,383) $ $ - $ - $ - $ -$ - $ - $ (57,383) $ -

$ (995) $ 50 $ (62, 183) $ (2,900)

$ 1,371 $ 20,566 $ 192,621 $ 87,700

$ 376 $ 20.616 $ 130,438 $ 84,800

$ - $ $ $ -$ - $ - $ $ -$ $ - $ $

$ - $ - $ - $ -$ $ $ - $ -$ 376 $ 20.6 16 $ 130,438 $ 84,800

$ 376 $ 20,616 $ 130,438 $ 84,800

$ 151,054

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KENTFIELD SCHOOL DISTRICT

2013 - 20 14 Fiscal Year - Ado ted Budget

New Codes

REVENUES Excess Tax Revenues:

Slate Aid 0000 Educational Protection Account (EPA) State Aide Prior Year 0000 Homeowner's Exemptions 0000 Secured Roll Taxes 0000 Unsecured Roll Taxes 0000 Prior Year Unsecured Taxes 0000 Prior Year Supplemental Taxes 0000 Supplemental Taxes 0000 Special Ed. Revenue Limi t Transfer 0000

Total Revenue Limit Sources

Federal Revenues: Title I - Basic 30 10 Federal ID EA - Mental Health 3327 Title II Part A - Teacher Training 4035 Title II Part A - Teacher Training - Prior Year 4035 Title II Part 0 - Education Thru Technology 4045 Title III - LEP 4203 Innovat ive Strategies 41 10 Federal IDEA Grant 33 10

Total Federal Revenues

Other State Revenues: Economi c Impact Aid 709 1 Core Academic Programs 0000 Gifted & Talented Education 0220 7140 Class Size Reduction K-3 1300 Mandate Block Grant 0000 State Lonery Revenue - General 11 00 State Lottery - Materials 6300 Basic Aid Fair Share Contribution (ongoin g) 0000 Oral Health Assessment 0000 0000 Student Identifier Maintenance 0000 STAR Testing Reportin g 0000 PE Teacher Incent ive Program 0207 6258 Mathematics & Read ing Professional Dev. 0229 0229 Mathematics & Reading Professional Dey. ELL 023 1 0231 CELDT 0000 School Safety Grant 02 15 6405 Special Education Community Mental Health 65 13 Art & Music Block Grant 02 16 6760 Deferred Maintenance 0206 6205 Supplemental School Counseling 02 18 7080 Instructional Materi als 022 1 7156 Peer Assistance Review Program 0225 727 1 Beginn ing Teacher Training 0000 7280 Instructional Time & Staff Development 0239 7393 School & Library Materials Block Grant 024 1 7395

Total Other State Revenues

Codes

80 11.00 80 12.00 80 19.00 802 1.00 804 1.00 8042.00 8043.00 8043.00 8044.00 809 1.00

8290.00 8 182.00 8290.00 8290.00 8290.00 8290.00 8290.00 8 181.00

83 11.00

8590.00 8590.00 8434.00 8550.00 8560.00 8560.00 8590.00 8590.00 8590.00 8590.00 8590.00 8590.09 8590.00 8590.00 8590.00 8590.00 8590.00 8590.00 8590.00 8590.00 8590.00 8590.00 8590.00 8590.00

GEN ER AL FUN D REVEN UES & EX PEN DITURES DETAIL

FY 2013 · 2014 Adontcd Budget Unrestricted Restricted Combined

$ (38,340) $ S (38,340) $ 236,132 $ $ 236,132 S S $ S 42,237 S $ 42,237 S 6,427,845 S $ 6,427.845 S 139.230 $ $ 139,230 S $ $ $ $ $ S $ $

~ (33,84 1 ) j; 3384 1 j; $ 6,773,263 $ 33,841 $ 6,807,104

$ $ 38,473 $ 38,473 $ $ 3.516 $ 3,5 16 $ $ 13,348 $ 13,348 $ $ $ $ $ 6 19 $ 6 19 $ $ 5,390 $ 5,390 $ $ $

~ j; 122248 S 122248 $ $ 183,594 $ 183,594

$ $ 27,734 $ 27,734 $ 14,677 $ S 14.677 $ 10,640 $ S 10,640 $ 434,826 $ S 434,826 $ 54 ,755 S $ 54,755 $ 144,460 S S 144,460 $ $ 34,950 S 34,950 $ (182,96 1) S S (182.96 1 ) $ 685 S $ 685 $ 283 $ $ 283 $ 2,328 $ S 2,328 $ 29,350 S $ 29.350 S 2,225 $ $ 2.225 $ 370 $ S 370 S 3 10 $ S 3 10 S 4,162 $ $ 4, 162 $ $ 11,757 $ 11.757 $ 13,7 12 $ $ 13,7 12 $ S $ $ 25,058 $ $ 25.058 $ 55,223 S $ 55,223 $ 6,699 $ $ 6.699 S 2,000 S $ 2,000 S 72,835 $ $ 72.835 ~ 1 06,66~ ~ j; 106,665 $ 798,302 $ 74,441 $ 872,743

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KENTFIELD SCHOOL DISTRICT

20 13 - 20 14 Fiscal Year - Adopted Budget

New Codes Codes

REVENUES CONTINUED Other Revenues:

Parcel Taxes 0000 862 1.00 Rental s and Leases 0000 8650.00 Interest 0000 8660.00 PTA Local lncomc 0020 8699.00 PTA Technology Grant (12- 13) 0020 8699.00 PTA One-Time) Technology Grant ( 13- 14) 8699.00 PTA Mini -Grant Grant Program 0020 8699.00 Kentl1eld Schools Foundation - Annual Commitment 0000 8699.00 KSF Fund in Need (Technology) 0000 8699.00 Other Local Revenues 0000 8699.00 Special Education SELPA Transfer 6500 8792.00 Special Educal ion - Low Incidence Equip. 65 12 8699.00

Tota l Other Local Revenues

TOTAL GENERAL FUND REVENUES

GENERAL FUN D REVENUES & EXPENDITURES DETAIL

FY 2013 ·2014 Ado(!tcd Budget Un~stricted ReslI;cted Combined

S 3,616,028 $ $ 3,6 16,028 S 106,327 S S 106,327 $ 2,500 $ S 2,500 $ 79,270 S $ 79,270 $ $ $ $ 120,000 S $ 120,000 $ S $ $ 1,025,000 S $ 1,025,000 $ 20,000 S $ 20,000 $ 98,982 S 3,000 $ 10 1,982 $ S 63 1,744 $ 63 1,744

~ S 4000 S 4,000

$ 5, 188, 107 $ 638,744 $ 5,826,85 1

$ 12,759,672 $ 930,620 $ 13,690,292

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KENTFIELD SCHOOL DISTRICT

20 13 201 4 FlY - lsca ear - Ad dB d opte u get

New Codes Codes

EXPENDITURES Salaries:

Certi ficated Salaries lxxx.xx Classified Salaries 2xxx.xx

Total Salaries Employee Benefits:

Health & Welfare Benefits 3xxx.xx Total Benefits

Materi als & Supplies: Tex tbooks 4 100.00 Books & Reference Materials 4200.00 General Supplies 4300.00 Automobile Supplies 430 1.00 Office Supplies 4303 .00 Peri odicals & Magazines 4305 .00 Software 4307.00 Classroom Materi als 43 10.00 Technology Suppl ies 43 12.00 Facilities Repair Supplies 43 15.00 Non-Capitali zed EquipmentIFurnilure 4400.00 Non-Capitalized Lease Purchase 4405.00 Non-Capitalized Computers/Printers 44 10.00

Total Materials & Supplies

Services, Contracts & Other Operati ng Expenses: Meetings 5220.00 Mileage 5230.00 Stafr Development 5240.00 Dues and Memberships 5300.00 Insurance Deductible 5460.00 Property & Liabili ty Insurance 5470.00 Electricity 5510.00 Natural Gas 55 15.00 Waste Di sposal 5530.00 Water 5535.00 Sewer 5540.00 Equi pment Rentals and Leases 5605.00 Building Repair 5608.00 Grounds Repair 5608.50 Equipment Repair 56 10.00 Automobile Repair 56 11.00 Equipment Maintenance Contracts 5620.00 Copy Machines LeaseJPurchases 5625.00 Advenising 5803.00 Audit Fees 5809.00 Election Fees 58 14.00 Field Trips 58 19.00 Fingerprint ing 582 1.00 Landscaping Contract 5827.00 Legal Service 5829.00 Non-Public School Tuitions 5833.00 Non-Public Special Education Agencies 5835.00 Ot her Consul tants 5837.00 Other Fees 5839.00 Other Contracted Services 5840.00 Printing Services 584 1.00 Health Inspections 5842.00 TB Testing 585 1.00 Internet Connection Fees 5940.00 Postage 5960.00 TelephoneNolP 5970.00

Total Contracts and Services

GENERAL FUND REVENUES & EXPENDITURES DETAIL

FY 2013 ·2014 Adol1tcd Budget Unrestricted Restricted Combined

$ 6,95 1,664 $ 610,72 1 $ 7,562,385

~ I 177,714 5 44 1,236 ~ 1 6 18950

$ 8,129,378 $ 1,051 ,957 $ 9, 181,335

$ 2,269,5 16 5 3 13,59 1 $ 2.583, 107

$ 2,269,516 $ 313,591 $ 2,583,107

$ 55,223 $ $ 55,223 $ 13,500 S - 5 13,500 $ 40,2 10 $ $ 40,2 10 $ $ 2,000 5 2,000 S 5,000 $ - $ 5,000 5 800 $ - S 800 $ 28,000 S - S 28,000 S 111 ,122 $ 34,950 $ 146,072 5 20,000 $ - $ 20,000 5 - $ 25,000 $ 25,000 $ 18,000 $ 14,000 $ 32,000 $ 35,750 $ $ 35,750

~ 149,000 ~ ~ 149000 $ 476,605 $ 75,950 $ 552,555

$ 10,000 $ $ 10,000 $ 800 S 20,000 $ 20,800 $ 27 ,794 $ 13,967 $ 4 1,76 1 $ 18,3 11 $ $ 18.31 1 $ 2,000 S $ 2,000 $ 98,705 $ $ 98,705 $ 8,000 $ $ 8,000 $ 20,000 5 $ 20,000 $ 25 ,000 S $ 25,000 $ 48,000 $ $ 48,000 $ 13,000 5 $ 13,000 $ 3,600 $ $ 3.600 $ $ 4,000 $ 4,000 $ $ 16,000 $ 16,000 $ 2,500 $ 3,000 $ 5,500 $ $ 1,323 $ 1,323 $ S 20,600 $ 20,600 $ 48,383 $ $ 48,383 $ 100 $ - $ 100 $ 17,500 $ - $ 17,500 $ 10,000 $ 5 10,000 $ 67,500 $ $ 67,500 $ 1,200 5 - $ 1,200 $ 2 1,000 $ $ 21,000 $ 25,000 $ 10,750 S 35,750 $ 5 230,000 $ 230,000 $ $ 80,000 $ 80,000 $ 5,000 $ 5 5,000 $ 18,303 $ 45,000 $ 63,303 $ 77,969 $ 59,5 16 $ 137,485 $ 1,500 $ S 1,500 $ 1.082 $ - $ 1,082 $ 500 $ $ 500 $ 6,467 $ $ 6,467 $ 7,875 $ - $ 7,875

~ 99,038 ~ - $ 99,038

$ 686,127 $ 504,156 $ 1,190,283

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KENTFIELD SCHOOL DISTRICT

20 13 - 201 4 Fiscal Year - Adopted Budget

New Codes ~

EXPENDITURES CONTINUED

Capital Outlay & Ot her Outgo: Lease Purchase - 750 College Avenue MPTA for Transportation 7 143.00 MCOE Special Day Class 7141.00 MCOE Special Ed . Excess Costs 7142.00

Total Other Outgo

TOTAL GENERAL FUND EXPENDITURES

Excess (De ficiency) of Revenues Over Expenditures Before Interfund Transfer

Interfund Transfers Transfer From Fund 27 Gym Fund Donalions 89 19.00 Transfer To Deferred Mainlcnance 76 15.00

TOlal Net Intcrfu nd Transfers 10 General Fund Contributions To/From

RestricledlUnreSlri ctcd 8980.00 Net Increase (Decrease) in Fund Balance Beginning Fund Balance· July 1

ENDING FUND BALANCE

COMPONENTS OF ENDING FUND BALANCE: Reserves:

State Mandated 3% Reserve District Designated 2% Reserve Enrollment Growth RcservelEPA Special Education Contingency Revol ving Cash Undesignaled Reserve

TOTAL ENDING FUND BALANCE

GENERAL FUND REVENUES & EXPENDITURES DETAIL

FY 2013 ·2014 Ado~tcd Budget Unrestricted Restricted Combined

$ 11 7.000 S $ 117.000 $ S 147.40 1 $ 147.40 1 $ $ 15.000 $ 15.000 $ $ 220.985 $ 220.985

$ 117,000 $ 383,386 $ 500,386

$ 11 ,678,626 $ 2,329,040 $ 14,007,666

S 1.08 1.046 $ (1.398,420) S (3 17.374)

S 57,383 $ S 57,383 S S ~ $ 57,383 S $ 57.383

S ( I ,98420) S 1,398,420 S S (259,99 1) $ $ (259.99 1 )

S 1.634.385 S S ! 634385

$ 1,374,394 $ $ 1,374,394

S 420,230 S $ 420.230 $ 280. 153 S $ 280. 153 S 210.552 S $ 2 10.552 $ 100.000 S $ 100.000 S 700 S S 700 S 362.759 S S 362.759

$ 1,374,394 $ $ 1,374,394

Reserve 9.81%

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KENTFIELD SCHOOL DISTRICT

GENERAL FUND REVENUES & EXPENDITURES

PIE CHARTS

2013 - 2014 Adopted Budget

Kentfie ld Schoo ls Foundation

7.5%

State Categorical 6.4%

REVENUES

Federal Programs 1.3%

California Lottery 1.3%

EXPENDITURES

Local Property Taxes 49.7%

Material s & Supplies 3.9%

Contracts & Services 8.5 %

County Specia l Ed.

Employee Benefits 18.4%

Administrative Salaries 4.8%

Programs 3.6%

Certifi cated Salaries 49.2%

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Restricted and Unrestricted Revenues

Federal Programs:

Title I - Basic

Community Mental Health

Federal Programs 1.3%

Title 11 Part A - Teacher Train ing

Title " - Part A. - Enhancing Education

Tille III - LEP

Federal IDEA Grant

Stale Programs:

Economic Impact Aid

Core Academic Program

Gifted & Talented Educat ion

Class Size Reduction K-3

Mandate Block Grant

State Lottery Instructional Material s

Basic Aid Fair Share 8.92% (Excess Tax Cap)

Oral Heahh Assessment

Student Identifier Maintenance

STAR Testing Reporting

PE Teacher Incentive

Mathemat ics & Reading Professional Dev

Mathematics & Reading Professional Dev ELL

Eng li sh Language Acquistion

CELDT

School Safety Grant

Special Education Community Mental Health

Art & Music Block Grant

Deferred Maintenance

Supplmental School Counseling

State Adopted Instructional Materials

Peer Ass istance Review Program

Beginni ng Teacher Support

Instructional Time & Staff Development

School and Library Materials

Special Education Revenue Limit Tranfe r NPS

Special Education Local Revenue SDC

Special Education Funding

Total Restricted Revenue

Total Unrestricted Revenue

Total Revenues

Unrestricted

$ $ $

$ $ $

$

Flexible

$ $ 14,677

$ 10,640

$ 434,826

$ 54,755

$ 144,460

$ (182,96 1)

$ 685

$ 283

$ 2,3 28

$ 29 ,350

$ 2,225

$ 370

$

$ 3 10

$ 4,162

$ $ 13,712

$ $ 25 ,058

$ 55,223

$ 6.699

$ 2.000

$ 72,835

$ 106,665

$ 798,302

Restricted

$ 38,473

$ 3,51 6

$ 13,348

$ 6 19

$ 5,390

~ 122,248

$ 183,594

Restricted Tolal

$ 27,734

$ $ $

$ 34,950

$ $

$ $

$ $

$ $

$ $

$ 11,757

$ $ $ $ $

$ $

~ $ 74,441 $ 872,743

$ 33,841

$ 101 ,982

$ 63 1.744

$ 767,567

$ 930,620

i 12,759,672

$ 13,690,292

Page 10

KENTFIELD SCHOOL

Fiscal Year 20 13 - 20 14

Ad opted Budge t

Budget Comparison

2nd Interim Adopted Budget

2012-2013 +/- 2013-2014 Detail of Change Revellues Excess Tax Revenues $ 6,325,696 $ 48 1,408 $ 6,807,104 Property Taxes/EPA Federal Revenue $ 229,290 $ (45,696) $ 183,594 Sequestration (-5 .2%) Other State Revenues $ 846,955 $ 25,788 $ 872,743 Mandated Costs/Basic Aid Fair Share Parcel Tax $ 3,467, 150 $ 148,878 $ 3,6 16,028 Parcel Tax @ 5% escalator Kentfield Schools Foundati on $ 1,125 ,000 $ (100,000) $ 1,025 ,000 Kik Commitment 20 13- 14 Kentfield Schools Foundat ion (Gift) $ 100,000 $ (100,000) $ Kik One-Time Gi ft Kentfield PTA $ 149,270 $ 50,000 $ 199,270 KSPTA Commitmenl20 13- 14

Other Revenues $ I, 172,552 $ (185,999) li 986,553 Shared Serv ices - SOC Class/Math Common Core Total Revenues $ 13,415,913 $ 274,379 $ 13,690,292

Expenditures Certifi cated Salaries $ 7,268,445 $ 293,940 $ 7,562,385 2% Salary Adjustment/S tep & Columnl Addt l Teacher Classified Salaries $ 1,59 1,3 14 $ 27,636 $ 1,6 18,950 2% Salary Adj ustment/S tep & Column

Employee Benefit s $ 2596,435 $ (13.328) $ 2,583, 107 1.76% Increase/Slaffing Adjustments Materi als & Supplies $ 529,877 $ 22 ,678 $ 552,555 Mi scellaneous Contracts & Services $ 1,184,904 $ 5,379 $ 1,190,283 Mi scellaneous Capital Outlay & Other Outgo $ 508,386 $ (8,000) li 500.386 Transportation/Excess Costs

Total Expelldilures $ 13,679,361 $ 328,305 $ 14,007,666

Increase/Decrease in

Fund Balance $ (263 ,448) $ (53,926) $ (3 17 ,374)

Transfer - De ren'cd Maintenance $ $ $ Transfer from Gym Fund ~ i i 57,383 Gym Donations (2006 - 2012) Net Increase/Decrease $ (263,448) $ 3,457 $ (259,991)

Beginning Fund Balance

Unrestricted $ 1,829,8 10 $ ( 195,425) $ 1,634,385 Beginning Fund Balance Restricted li 68,023 li li Total Beginning Fund Balallce $ 1,897,833 $ (263,448) $ 1,634,385

Endillg Fund Balance: $ 1,634,385 $ (259,991 ) $ 1,374,394

Componellts o[Em/i"g FUlld Bafallce: Designated Reserves

State Mandated Reserve (3%) $ 410,38 1 $ 9,849 $ 420,230

Distri ct Designated Reserve (2%) $ 273587 $ 6.566 $ 280,153 Enro ll ment Growth Reserve $ 486,958 $ (276.406) $ 2tO,552

Special Educat ion Cont ingency $ 100,000 $ $ 100,000

Revolving Cash $ 700 $ $ 700

Total Appropriated Reserves $ 1,271,626 $ (259,99 1 ) $ 1,011,635

Ulldesigllated COlltillgell c'f. $ 362,759 i i 362.759 Undesignated

Total Ending Fund Balance $ 1,634,385 $ (259,991 ) $ 1,374,394

% Reserve Level 11.95 % 9,81 %

Page 11

KENTFIELD SCHOOL DI STRICT GENERAL FUND MULTI-YEAR PROJECTION - - - - - - - - - - - - - - - -

20 13 - 2014 2014 - 2015 2015 - 2016

Object Adopted Budget Projection Projection

Codes Total Unrestricted Restricted Total Unrestricted Restricted Total Unrestricted Restricted

A. REVENUES

Excess Tax RcvcnuesIEPA 80 10·8099 6.807. 104 6.773.263 33.84 1 6.970.027 6.935.626 34.401 7, 138. 167 7.103.766 34.40 1

Federal Revenues 8 100·8299 183,594 - 183.594 183,594 - 183,594 183,594 - 183,594

Other State Revenues 8300-8599 872.743 798,302 74.44 1 947,385 872,644 74.741 977,965 902,804 75, 16 1

Other Local Revenues 8600·8799 582685 1 5 188,107 638,744 5,847,2 13 5,208,469 638,744 6,041 686 5,402,942 638744

Total Revellues 13,690.292 12.759,672 930.620 13.948,2 19 13.0 16.739 93 1.480 14,34 1,4 12 13.409,5 12 93 1,900

B. EXPENDITURES

Certificated Sa laries 1000·1999 7.562.385 6,951.664 6 10,72 1 7,680.443 7,06 1.065 6 19,378 7,800,668 7. 172.503 628, 165

Classified Sa laries 2000·2999 1,6 18,950 1.1 77.7 14 44 1.236 1.645,6 19 1.1 97.488 448, 13 1 1.672,762 1,2 17,623 455, 139

Health & Welfare Benefits 3000·3999 2,583, 107 2.269.5 16 3 13,59 1 2.720,8 14 2.395.72 1 325,093 2,862,768 2,526,729 336,039

Materia ls & Supplies 4000·4999 552,555 476.605 75,950 4 12.055 336,605 75.450 412,055 336.605 75 .450

Contracts & Services 5000·5999 1. 190,283 686,127 504. 156 1,113.220 6 13,866 499,354 1, 136.295 606,7 13 529.582

Capital Outlay 6000·6999 - - - - - - - -

Other O utgo 7000·7499 500 386 117,000 383386 514383 11 7000 397,383 528,992 11 7000 4 11992

Total Expendilures 14.007.666 11,678,626 2,329,040 14,086.534 11,721.745 2.364.789 14.41 3.540 11,977, 173 2,436,367

C. Excess (Deficiency) of Revenues

Over Expenditures Before Other

Financing Resources (C = A - B) (3 17,374) 1,081,046 (1.398.420) ( 138,3 15) 1,294,994 ( 1.433.309) (72, 128) 1,432,339 (1,504,467)

D. Other Financing Sources/Uses

Interfund Transfers· Gym Fund 27 57,383 57,383 - - - - - -

Contributions - { 1,398,420} 1 39R 420 - {I 433 309l 1 433309 - (1 504467l 1 504 ,467

Total Other Fina ncing Sources/Uses 57,383 (1.34 1.037) 1.398,420 - ( 1,433,309) 1,433,309 - (1,504,467) 1,504,467

E. Net Increase (Decrease) in Fund

Balance (E = C + D) (259,99 1 ) (259,99 1 ) - ( 138.3 15) (138,3 15) - (72,128) (72, 128) -

F. Fund Balance

Beginning Fund Balance 1,634,385 1.634.385 - 1,374,394 1.374,394 - 1.236.079 1.236.079 -Beginning Balance Audit Adjustment - - - - - - - - -

Adj usted Beginning Fund Balance 1 634385 1,634,385 - 1,374,394 1 374394 - 1,236.079 1,236,079 -Endine Fund Balance 1,374,394 1,374,394 1,236,079 1,236,079 - 1,163,952 1,163952

G. Reserves

3% State Mandated Reser ve 420.230 420,230 - 422,596 422,596 - 432.406 432,406 -

2 % District Designated Reserve 280. 153 280,153 - 28 1.73 1 281.73 1 - 288,27 1 288.27 1 -Enrollment Growth Rese rve 2 10.552 2 10.552 - 68.293 68.293 - - - -Special Educa tion Reserve 100.000 100,000 - 100,000 100.000 - 100.000 100,000 -Revolving Cash 700 700 - 700 700 - 700 700

Undesignated Rc.'icrve 362759 362,759 - 362,759 362,759 - 342575 342,575 Total Rescr vcs 1,374,394 1,374,394 - 1,236,079 1,236,079 - 1,163,952 1,163,952

% Rcserve Level 9 .8 1% 8.77% 8.08%

Page l2

KENTFIELD SCHOOL DISTRICT MUL TI-YEAR PROJECTION ASSUMPTIONS

Revenue Limit ADA

Statewide Average COLA (School Services)

Enrollment

ADA

Property Taxes % Growth

Funding Status

Federal Revenue Funding

Other State Revenue COLA (School Services)

Parce l Tax % Increase

Kentfield Schools Foundation Commitment

KSF One-Time Gift (20 11 -12 Fund-Raising)

EXPENDITURES

Certificated Salary Adjustment

Certifi cated Step/Column Adjustment

Certificated Full ·Time Equivalents (ITE)

Change in Certificated Staff

Classified Salary Adjustment

Classified Step/Column Adjustment

Classifi ed Full -Time Equivalents (FfE)

Change in Classified Staff

Distri ct Dental Benefi ts Cap Increase

DistrictVi sion Benefits Cap Increase

District Medical

NOTES:

1,174.69

3.24%

1.205 1,224

1,174.69 1,184.6 1

2.21 % 3.00%

Basic Aid Basic Aid

No Change No

0.00%

1,125,000 1,025 ,000

100,000

Dental

No

1,000.000

Certificated Negotiations ratifiedlcompleted for 201 3- 14 at 2% salary increase and 1.76% Kai ser cap coverage (M ercer). Basic Aid Fair Share reducti ons 20 13-1 4 excess tax ($ 182,96 1) and Enrollment Growth Reserve $210,552 Basic Aid Fair Share reductions 20 14- 15 excess tax ($ 11 0,329) and Enrollment Growth Reserve $68 ,293 Basic Aid Fair Share reductions 20 I 5- 16 excess tax

1,000,000

Deferred Maintenance revenues are received from the State with District matching funds and are used exclusively for deferred m'"I11.enal1l;e 11!~~!:. Deferred maintenance flexibi l' in effect.

$13,500,000 1998 General Obligation Bond projects were completed in June 2004.

General Obligation Bond was approved for further modernizat ion. The fi nal phase for renovation o f the fi elds was completed in Fall 2007. Bond Oversight Committee dissolved December 2008. Refunding of2004 General Obligation Bond completed January 20 12 wi th a $ 1.4 savings over the life of the Bond. Developer Fees Fund revenues are deri ved from fees paid by homeowners of the District who increase the square

Capital Outl ay Fund for purchase of 750 College Avenue for re location of District Office. Refinance of lease/purchase agreement effecti ve October 1, 20 I I.

Page 13

ITKlKINDERGARTEN Total Sections Enrollmcill A verage Class Size

IFIRST GRADE Total Sections Enrollment Average Class Size

ISECOND GRADE Total Sections Enrollment Average Class Size

ITHIRD GRADE Total Sections Enrollment Average CJass Size

IFOURTH GRADE Total Sections Enrollment

Average Class Size

KENTFIELD SCHOOL DISTRICT Class Size/Enrollment

2013 · 20 14 Budge<· Project ions

IFIFfH GRADE 7.00 TOlai Sections

145.00 Enrollment 20.7 1 Average Class Size

ISIXTH GRADE 6.00 Total Sect ions

126.00 Enroll ment 2 1.00 Average Class Size

I SEVENTH GRADE 6.00 Total Sect ions

134.00 Enroll ment 22.33 Average Class Size

I EIGHTH GRADE 6.00 Total Sect ions

143.00 Enrol lment 23.83 Average Class Size

6.00

139.00 IIBACICH TOTALS

23.17 Total Sections Enrollment Average Class Size

IIKENT TOTALS

Total Academic Sections Enrollment A verage Class Size

IIToTAL ENROLLMENT

Bacich Grades K - 4 Kent Grades 5 . 8

6.00 139.00 23 .17

5.00 125.00 25.00

6.40 132.00 20.63

6.20 14 1.00 22.74

II 3 1.00

687.00 22.16

II 23.60

537.00 22.75

II 687.00 537.00

1,224.00

Page 14