LUCIA MAR UNIFIED SCHOOL DISTRICT
December 9, 2014
JAMES HOGEBOOM, Superintendent
RAYNEE J. DALEY, Ed.D., Asst. Superintendent, Business/CBO
RHONDA SEYBERT, Director of Finance
Developing the Snapshot

Revenue
• LCFF
• One-time



Expenditures
Encroachments on General Fund
Projected MYP
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3


Outstanding Mandated Costs back-payments.
One time funding. Estimated at $650,000.
CA Budget Development. Current positive
economic outlook in California. Estimated $2
Billion additional dollars for schools.
4

Settlement was negotiated that prior year (FYs
2010-11 to 2012-13) Accounts Receivables
would be paid at 40% of amount billed.
$717,849 being written off for Lucia Mar
Budget Adjustment – “budget income when
received”, resulting in removing $271,071 from
FY 2014-15
 Total encroachment for FY 2014-15 due to these
changes = $988,921
 Evaluation of this program needs to be made as
part of the “big rocks” process for FY 2015-16

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


Funds driven by
students that qualify
for supplemental and
concentration grant
funding
Proportional funds
used to increase or
improve services to
these students
As LCFF Revenue
rises, LCAP Mandated
Expenditures rise
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Both CalSTRS and CalPERS have increased employer
contributions each year through FY 2020-21.
Based on today’s salaries:


CalSTRS increased cost will be $700,984 for
2015-16 and $1,428,895 for 2016-17
CalPERS increased cost will be $73,876 for FY
2015-16 and $291,804 for FY 2016-17
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9
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In FY 2014-15, the District took back 9
classes from the COE
 The take-back plan for these classes included
hiring LMUSD staff to support & improve the
program
 In January 2014, the Board was given an
estimated cost of $3,469,571 – we are
currently within that estimate

DRAFT BUDGET FY 2014/15
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


Routine Restricted Maintenance returns to a 3%
required contribution of all General Fund expenditures.
This will increase our budget by $568,283 in FY 201516 and $608,456 in FY 2016-17.
Incremental loss of E-Rate funding for telephonic and
data plans starting in FY 2015-16. Loss of Revenue of
$205,040 for FY 2015-16 and an additional loss of
$131,170 in FY 2016-17.
Mandated sick pay for substitutes starting in FY 201516.
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Note: 0% = less than 1%
13
Note: 0% = less than 1%
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Lucia Mar Unified School District - MYP
First Interim, October 31, 2014
Beginning Balance
LCFF
All Other Revenues
Encroachment
Total Available $$$$
Expenditures
Projected Ending Balance
Reserve Cash/Stores/Prepaids
3% Economic Uncertainty
For Future Board Action
2014-15
2015-16
2016-17
12,646,433
72,895,724
3,117,267
(12,052,080)
76,607,344
(67,605,158)
9,002,186
(40,000)
(2,867,984)
9,002,186
76,777,911
2,747,795
(12,375,591)
76,152,301
(69,453,829)
6,698,471
(40,000)
(2,836,036)
6,698,471
78,046,754
2,754,411
(12,674,171)
74,825,466
(71,521,071)
3,304,395
(40,000)
(2,908,265)
6,094,202
3,822,435
356,130
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Current Budget is $382,483



Included in this is $268,163 for salaries &
benefits for five Custodians
Balance of budget, $114,320, used for
various high priority projects across the
District
Approximately $26,495 is remaining for
projects this year
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Funds 25/26 – Developer/ Mitigation Fees,
FY 2014/15
Fund 25
Developer Fees
Fund 26
Mitigation Fees
Total
2013-14
REVENUES
Interest
Other Local Revenues
Total Revenues
$
5,000.00
4,000.00
1,010,000.00
680,000.00
9,000.00
1,690,000.00
684,000.00
$ 1,699,000.00
1,015,000.00
$
EXPENDITURES
Materials & Supplies
21,436.81
146,962.00
168,398.81
Services & Other Operating Expenditures
81,857.00
70,400.00
152,257.00
5,051.08
1,449,504.79
1,454,555.87
Capital Outlay
Debt Service - 2004 COPS
Total Expenditures
302,411.00
302,411.00
$
410,755.89
$
1,666,866.79
$ 2,077,622.68
$
604,244.11
$
(982,866.79) $ (378,622.68)
NET CHANGE IN FUND BALANCE
$
604,244.11
$
(982,866.79) $ (378,622.68)
BEGINNING FUND BALANCE
$
1,242,237.99
$
1,896,300.83
$ 3,138,538.82
ENDING FUND BALANCE *
$
1,846,482.10
$
913,434.04
$ 2,759,916.14
INCREASE OR (DECREASE) IN FUND BALANCE
RESULTING FROM OPERATIONS
*This was the Budget as of 10/31/14 – CCNTHS Phase III for $2.5
million was not yet budgeted.


POSITIVE – LMUSD
will meet its
financial
obligations for FYs
2014-15, 2015-16,
and 2016-17
District will meet its
required 3% reserve
in FYs 2014-15,
2015-16, and
2016-17
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January 9, 2015 Governor’s Budget to be
Released
January 27, 2015 Provide update to the
Board at regular meeting
January 2015
Begin work on Second
Interim
January/February 2015 –
Begin Identifying “Big
Rocks for Budget
Development”
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