________________________________________________________________________
Mare Island Technology Academy
________________________________________________________________________
Date:
June 9, 2015
To:
From:
Re:
Board of Directors
Anne Clark, Director of Operations
Action: Adoption of the 2015-16 Recommended Budget
Objective:
To adopt the 2015-16 recommended Budget.
Background:
The budget provides a description of the school’s program plans for the upcoming year. It
includes an estimate of the money the school will receive (revenues) and the school’s
plan for spending those funds (expenditures). The following assumptions provide the
structure for determining the anticipated revenues and expenditures for fiscal year July 1,
2015 through June 30, 2016. These assumptions reflect the budget and financial goals of
MIT:




MIT’s Budget should represent the best anticipated use of public funds to
accomplish the mission and goals of the school as defined in the Local Control
Accountability Plan (LCAP) and the Strategic Plan/Single Plan for Student
Achievement (SPSA).
MIT’s budget should be based on financial principles that will keep the School
financially viable and able to sustain its key programs over time.
MIT’s budget and related financial documents should be organized and presented
in such a way that can be understood by stakeholders.
MIT’s budget and related financial documents should be disclosed to the public
and other interested parties.
State Revenue Sources: Charter School-Funding Components
1. The 2015-16 budget assumptions are based on a “conservative” approach using a
comparative analysis of California Charter Schools Association (CCSA), School
Services of California (SSC) Local Control Funding Formula (LCFF) template
simulators. Based on the results of these simulators, the “conservative” approach
benefits charters schools that simply prefer very conservative revenue
assumptions. The LCFF drives funds into three basic categories: Base funding
for all students; Supplemental funding for students indentified as English
Language Learners or economically disadvantaged; Concentration grants for
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districts whose supplemental funding populations exceed 50% of their total
student population.

2015-16 LCFF Funding:
o Middle School Base: $2,942,009 ($7,788 Estimated funding per
ADA. Represents a 14.56% increase from 2014-15)
o Middle School Supplemental/Concentration Grants: $380,012
o Middle School Socioeconomic Factor: 66.02%
o High School Base: $3,008,907 ($9,000 Estimated funding per
ADA. Represents an 13.40% increase from 2014-15)
o High School Supplemental/Concentration Grants: $280,228
o High School Socioeconomic Factor: 58%

Enrollment projection at start of 2015-16 School Year:
o 820 students MS/HS

ADA for budgeting purposes:
o July 2015 - Jan 2016 based on 2014-15 P2 of 782.23 ADA
o Feb 2016 – June 2016 based on estimated 2015-16 P1 of 782.23
ADA

Attendance: 95.40% Average Daily Attendance (ADA)

Student days: 178
2.
Mandate Block Grant: Unrestricted
o Funding for MBG is based on the ADA of prior year P2 for
Grades K-8 and Grades 9-12. Grades K-8 amount per ADA is
$14. Grades 9-12 amount per ADA is $42.
3.
Lottery Prop 20 Restricted $34 per ADA
4.
Lottery Non Prop Unrestricted $128 per ADA
5. State SELPA Funds
o State Funding is based on P2 ADA multiplied by statewide
target rate of $517.65 less 8% administration fee and 4% set
aside fee
o State ERHMS is based $59.34 per P2 ADA
6.
ASES (Middle School after school program) grant of $150,000 per year for 201516, 2016-17, 2017-18
Federal Revenue Sources
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
Combination of the following: Title I $185,835; Title II $3,246; Title III LEP
$4,972; Title III IMM $279; PEP Grant $53,141; Federal Child Nutrition
Program $263,000; Middle School CCLC 21st Century Grant $229,950; High
School ASSETS 21st Century After School Grant $250,000.

Federal SELPA Funds
o Federal Funding is based on P2 ADA multiplied by State rate of
$118.63 less 8% administration fee and 4% set aside fee
o Federal ERHMS is based on $11.50 per P2 ADA
Local Sources

Combination of interest earned and student lunch/cart sales revenue.
Personnel Assumptions:
The 2015-16 salary expenses are based on projected student enrollment (820 students).
Step and column increases for Certificated and Classified staff are included in the salary
projections.
 Certificated Administrators:
o 5 FTE
o Calendar days for Superintendent Director: 220
o Calendar days for Chief Academic Officer: 225
o Calendar days for Director of Operations: 261
o Calendar days for Dean of Students MS/HS: 205
 Certificated Teachers:
o 41 FTE @ 26 students per class
o Calendar days: 187
 Classified Support Staff:
o 1 FTE Instructional Assistant
o Calendar days for Instructional Aide: 187
o 16 FTE Classified Staff
o Calendar days for Classified Staff: 261
o 37 Part-time Staff
Employee Health Benefits:
The School’s shared cost for annual health benefits is capped at:
1. Medical:
 $5,168.28 Employee only
 $10,244.88 Employee + Spouse
 $10,244.88 Employee + Child
 $12,608.64 Family
2. Dental (PPO):
 $647.88 Employee only
 $1,314.96 Employee +1
 $2,205.60 Family
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3. Dental (HMO):
 $316.20 Employee only
 $521.64 Employee +1
 $771.24 Family
4. Vision: Fully paid by the School
a. $93.60 Employee only
b. $195.36 Employee +1
c. $280.68 Family
5. Cash in Lieu: $1,800
General Operating Expenditures:
Operating expenses calculated as a straight line projection from 2014-15 plus an
adjustment of 2.20% CPI (California Consumer Price Index)
Budget Brief:
State Revenue:
Federal Revenue:
Local Revenues:
Total Revenues:
$ 7,372,268
$ 1,092,215
$91,000
$ 8,555,484
Certificated Salaries:
Classified Salaries:
Employee Benefits:
Books, Supplies, Operating and Equipment:
Total Expenditures:
$3,347,145
$1,085,787
$1,197,757
$2,608,076
$8,238,765
Other Financing Uses
Budget Surplus(Deficit)
$66,112
$250,607
Beginning Fund Balance-Estimated
$ 7,240,635
Ending Fund Balance*
$ 7,491,242
* Includes $329,551 Reserve for Economic Uncertainties (4% of Expenditures)
* Includes $3,481,493 Reserve for Building Fund
Recommendation:
Staff recommends adoption of the 2015-16 recommended Budget.
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