Professional Documents
Culture Documents
Why $37m? This is the number we realistically believe we can budget toward. It is
aggressive AND it is also the limit at which the district is not at financial risk.
Our strategy to fund $37m is below with the blue text showing what was done this year
as our best estimates of where reductions will fall:
While we will receive more LCFF dollars (14m) for 18-19, it does not equate to as large
increase as we have seen over the past 5 budget cycles, plus driven costs increase
yearly.
Our target number was $11m in reductions for 18-19 and we have made $9m going into
the 2018-2019 school year. We have successfully at created a balanced budget for
2018-2019 with no structural deficit.
After the 2018-19 school year, the district only anticipates receiving COLA
and no additional LCFF dollars and we have planned our budgets to that
reality.
Reduction Details
“Truing Up” or Budgeting Actual Costs: $3m:
Over the past years, we have been “rolling over” our budgets from one year to the next. This year
we deeply examined the actual costs of all programs and budgeted to those actuals.
This occurred in all areas of our budget: core LCFF, supplemental LCFF and all state and federal
categoricals.
This work also included finding where General Fund expenses could be absorbed by categorical
funds with large balances, both carryover and ongoing revenue (MRAD, RRM, Categoricals, Dev
Fees)
This means less money will be left over at the end of each year and little money will go into
the ending fund balance each year. It is worth noting that “truing up of budgets can also be
seen as a program reduction as programs no longer had “extra” dollars sitting around to do
“extra things.”
Reduction Details
● Comments?
● Questions?
● Timeline for planning reductions for 19-20? (Should start
immediately into the year and staff should bring a
proposal to the Board in October)
● List of largest central allocations/ district wide contracts /
services / other essential data provided to Board in
September/October