TWIN RIVERS UNIFIED
2010/11 ADOPTED BUDGET
Presented to the Board of Trustees
June 29, 2010
2010/11 GENERAL FUND
Beginning Fund Balance
$33,579,464
Revenues
223,082,547
Expenditures
235,037,963
Net Increase/(Decrease) Fund Balance
(11,955,416)
Ending Fund Balance
$21,624,048
Components of Ending Fund Balance:
Current Assets
$450,000
Economic Uncertainties
7,051,139
Restricted Program Balance
1,784,320
Reserve – Site’s MAA
Unallocated Adjusted Balance
58,889
$12,279,700
2010/11 GENERAL FUND REVENUES
Federal
10%
State
21%
Local & Other
6%
Revenue Limit
63%
Revenue Limit
$142,200,710
Federal
21,892,852
State
46,618,541
Local & Other
12,370,444
2010/11 REVENUE LIMIT ADA vs P2 ADA – K/12
26,000
24,000
22,000
20,000
18,000
16,000
14,000
12,000
10,000
07/08
Actual
(Combined
08/09
Actual
09/10
Actual
10/11
Projections
P-2 ADA (Not Including
SCOE)
24,908
24,277
23,859
23,325
Rev Lim ADA (Not Including
SCOE)
25,578
24,515
23,931
23,519
2010-11 Revenue Limit



Apply 2010-11 deficit of
18.355% to our undeficited
2010-11 revenue limit (RL)
per ADA
$7,186
Deficit
Factor
Reduction
$1,319 (18.355%)
$277 (3.85%)
reduction
Apply the 3.85% cut to the
undeficited revenue limit per
ADA
Twin Rivers USD
Funded RL
= $7,186 – ($7,186 x 0.18355 +
$7,186 x 0.0385)
= $7,186 – ($1,319 + $277)
= $7,186 – $1,596
= $5,915
$7,186
2010-11
Revenue
Limit
Funding
2010-11 Revenue Limit
Before Deficit
2010-11 Revenue Limit After
Deficit and Cut
$5,590
2010/11 P2 ADA - Charter
1,800
1,700
1,600
1,500
1,400
1,300
1,200
P-2 ADA
07/08 Actual
(Combined
Districts)
08/09 Actual
09/10 Actual
10/11
Projection
1,413
1,678
1,730
1,789
REVENUES
 FEDERAL REVENUE:
O One-time American Recovery and Reinvestments Act (ARRA) are eliminated
O No deferred revenue
O Deferred revenue estimated at $12 Million
 STATE REVENUE:
O
O
O
O
O
Most programs include a negative .39% COLA
CSR reduced $720 thousand
No Mandated Cost
Lottery per student rate is $125.50
SBx3 4 Flexibility
 LOCAL REVENUE:
O Interest Income
O State Special Ed – no COLA and cut from SELPA
2010/11 GENERAL FUND EXPENDITURES
Books &
Supplies
5%
Capital & Other
2%
Certificated
45%
Services
11%
Employee
Benefits
18%
Certificated
Classified
19%
$105,753,089
Classified
41,017,755
Employee
Benefits
43,126,050
Services
28,697,543
Books &
Supplies
12,430,323
Capital & Other
4,013,203
EXPENDITURES
 CERTIFICATED SALARIES:
O Current position control
O Unrestricted vs. restricted
 CLASSIFIED SALARIES:
O Current position control
O Unrestricted vs. restricted
 BENEFITS
 2009/2010 CATEGORICAL CARRYOVER
O Not included
 LUMP SUM
O $28.85 elementary
O $53 junior high
O $90.85 high school
 RRMA @ 2.22%
OTHER FINANCING SOURCES

TRANSFERS OUT
–
–

Adult Education Fund
Deferred Maintenance Fund
CONTRIBUTIONS
–
–
–
Transportation
Special Education
Community Day School
Other Funds
Adult Education
Fund
Child Development
Fund
Beginning Balance
$ 413,835
Beginning Balance
Income
5,166,760
Income
6,213,305
Expenditure
5,578,862
Expenditure
6,213,305
Ending Balance
$ 1,733
Ending Balance
$ 1,323,303
$ 1,323,303
Other Funds - continued
Cafeteria
Fund
Beginning Balance
Deferred Maintenance
Fund
$ 6,564
Beginning Balance
$1
Income
12,867,000
Income
790,000
Expenditure
12,867,000
Expenditure
790,000
Ending Balance
$ 6,564
Ending Balance
$1
Other Funds - continued
Special Reserve
Fund
Beginning Balance
Income
$ 3,720,774
40,000
Special Reserve Fund
for Post-Employment
Beginning Balance
Income
Expenditure
3,600,000
Expenditure
Ending Balance
$ 160,774
Ending Balance
$ 1,011,644
10,000
0
$ 1,021,644
Other Funds - continued
Building
Fund
Beginning Balance
Capital Facilities FundDeveloper Fees
$ 35,349,903
Beginning Balance
Income
4,168,000
Income
Expenditure
9,520,951
Expenditure
Ending Balance
$ 29,996,952
Ending Balance
$ 900,000
484,500
1,384,500
$0
Other Funds - continued
State School Building
Lease-Purchase Fund
Beginning Balance
Special Reserve
Capital Outlay Fund
$ 1,915
Beginning Balance
Income
0
Income
Expenditure
0
Expenditure
Ending Balance
$ 1,915
Ending Balance
$ 8,109,193
265,000
0
$ 8,374,193
Other Funds - continued
Other Enterprise
Fund
Beginning Balance
Income
Expenditure
Ending Balance
$ 98,384
67,000
115,000
$ 50,384
Retiree Benefit
Fund
Beginning Balance
Income
Expenditure
Ending Balance
$ 250,209
3,000
0
$ 253,209
2011/12 GENERAL FUND - PROJECTIONS
Beginning Fund Balance
$21,624,048
Revenues
223,857,937
Expenditures
233,077,097
Net Increase/(Decrease) Fund Balance
Ending Fund Balance
(9,219,160)
$12,404,889
Components of Ending Fund Balance:
Current Assets
$450,000
Economic Uncertainties
6,992,313
Reserve-Program Balances
1,682,668
Unallocated Adjusted Balance
$3,279,908
2012/13 GENERAL FUND – PROJECTONS
Beginning Fund Balance
$12,404,889
Revenues
219,408,046
Expenditures
238,948,771
Net Increase/(Decrease) Fund Balance
(19,540,725)
Ending Fund Balance
$(7,135,837)
Components of Ending Fund Balance:
Current Assets
$450,000
Economic Uncertainties
7,168,463
Reserve-Program Balances
1,682,668
Unallocated Adjusted Balance
$(16,436,968)
SACS BUDGET FORMS










Budget Certification
Average Daily Attendance
Revenue Limit Summary
Multi Year Projections – General Fund
Summary of Interfund Activities
Current Expense Formula/Minimum Classroom Compensation
Schedule of Capital Assets – 2009/10
Schedule of Long-Term Liabilities – 2009/10
Other Funds
Criteria and Standards
NEXT STEPS

Once the State adopts a 2010/11 Budget, staff
will present a budget revision to the Board.

Any questions?