Manteca Unified School District

Second Interim Report

Jan. 31, 2008

March 11, 2008

• CBEDS– Slight Decline of 96 Students

• Revenues– Up slightly .95% new grants

• Expenditures– Up by $24 million for new grants and

budgeting carry over funds

• Governor’s Budget • Cash Flow• Projections

Outline

CBEDS Enrollment22,448 ADA

Page 9

Revenues

Total Revenues $177,530,986Page 24

EXPENDITURES

Total Expenditures $197,237,202

Page 33

Governor’s Budget

• Governor’s Proposed 4.94% COLA– State Revenues off by $1.6 billion more than Jan.

estimates– Budget gap now $16 billion and growing?– Governor’s Proposal 10% across the board cuts in

State Budget including education– Current Year Prop 98 Reduction by $400 Million– Deferred July Apportionment until Sept. (cash flow

issue) for Education– $1 funding of Mandates

Legislative Analyst View

• 5.43% COLA

• Lower 2007-2008 Funding to Prop 98 guarantee by $1.5 billion and at least $1 billion

• Revise Funding for Education– K-12 Base Grants $34.8 billion K-3 CSR & 9th CSR

and 6 other Revenue Limit programs– Special Ed Grant $3.1 billion consolidates 6 special

ed programs with SELPA funding– Opportunity to Learn Grant $3 billion consolidates 6

programs TIIG, EIA, SIP, 7-12 Counseling, School Safety and Pupil Retention

Legislative Analyst View

• Revise Funding for Education continued…– School Improvement Grant $1.2 billion consolidates

7 grants including School Library Improvement, Arts , Music and Education Technology, Professional Development

• LAO also proposes fully funding Mandates

Summary

• COLA 5.43% with a deficit of 7.48%– Resulting in a lower funded amount than 2007-2008

for 2008-2009 Education Programs

• Reduced programs – some with no COLA some completely eliminated

• Possible Prop 98 Suspension

• Fight over Consolidation of Grants

• Use of Prop 58 to Balance the Budget– Simple majority needed to adopt a budget

CASH FLOW

Page 35

Budget Projections

Page 37