• 2007/2008 Budget Assumptions

• 2007/2008 Adopted Budget (complete - pdf)

• Revenues/Expenditures 2007/08

• General Fund Revenues 2007/08 - Graph

• General Fund Expenditures 2007/08 - Graph

• Employee Costs 2007/08 - Graph

• Budget Development Timeline

• Budget Advisory Committee

• California School Finance

• Ed-Data

• The District’s proposed budget was developed utilizing the State budget as proposed by the Governor, including a COLA of $252/ADA (4.53%).  At this time there is no proposed deficit or equalization funding.   

• The State required the district to make two accounting changes related to the Revenue Limit.  Overall these two changes have a neutral affect on the fund balance but when compared to 2006/2007 the total Revenue Limit funding will appear lower.

• The District must now report summer school and other hourly programs, including the additional funding for Community Day Schools, under object code 8311 instead of object code 8011.  The affect of this change is a lower total Revenue Limit and higher Other State Revenue funding.

• The District must now report its Transfers to Charter Schools in Lieu of Property Taxes as a negative adjustment to the Revenue Limit using object code 8096 instead of using the old expenditure object code 7280.  The affect of this accounting change decreases the total Revenue Limit funding but also decreases expenditures.

• The total Revenue Limit has also decreased due to eliminating Novato Charter School’s General Block Grant. Novato Charter School is now independently funded and its financials will no longer be included with the District’s.  Once again, this has a neutral affect on the fund balance.

• ADA was calculated using 2006/2007 Period 2 (7,290.62) plus 2 ADA that the district plans on recapturing by changing the attendance calendar.  This ADA is reflected on Form A, in the far right-hand, lines 3 plus 6. 

• Net of all the changes above, overall revenue limit funding has increased by $2,256,707.

• Federal Revenues (Form 01, line A2) do not include any carry-over from 2006/2007, nor do the corresponding expenditures attached to the federal funding sources.

• Other State Revenues (Form 01, line 3) do not include any carry-over funds from 2006/2007, most revenues have been increased by the 4.53% COLA, and include the Supplemental Instruction Programs and Community Day School Additional Funding revenues (Form 01, page 7, object 8311) moved from the Revenue Limit section.  All one-time funds from 2006/2007 have been eliminated from this budget, along with the corresponding expenditures.

• Other Local Revenues have decreased by $550,933. 

• All prior year Board approved compensation increases and related benefits are included in this budget including estimated step and column.

• All new positions are included in the budget:

• .5 FTE Alternative Education Principal stipends paid previously have been eliminated)
• 1.0 Student Systems Coordinator
• .5 K-5 In-house Suspension teacher (pilot for one year)
• 1.0 clerical support for Transportation
• 1.0 Yard/Campus Supervision
• 1.0 MSA Administrative Assistant
• 1.0 Director of Accountability
• 1.0 Facility Coordinator
• Increase substitute teachers rates from $90 to $110

• Site and department allocations have been increased by 4.53% COLA.

• All 2006/2007 one-time expenditures have been removed and 2007/2008 one-time expenditures have been added:

• MSA – backfill loss of 2005/06 grant
• Security on the Wide Area Network (WAN)
• Wireless security
• Summer network costs that can’t be funded with Bond proceeds

• Other outgo (Form 01, line B.7) has decreased by $861,644.  Of this amount, Payments to County Offices for excess special education costs increased by $39,784 and Transfers to Charter Schools in Lieu of Property Taxes have been eliminated (MSAT’s portion) or moved to object 8096 (Novato Charter School’s portion), for a decrease of $901,428.

• Economic Uncertainties Reserve is 3.75% of total expenditures (Form 01, line B.9) plus Transfers Out (Form 01, line D.1.b).  However, the district historically increases its expenditures by $4 to $5 million dollars after prior year carry-over is known, new State funding has been approved, and additional employee compensation has been negotiated.  An additional $187,500 has been placed into the Other Designations reserves to cover the increase ($5,000,000 x 3.75%).

• The Other Designations reserve also includes $882,940 for staff compensation.

$      50,776

Designations:

Economic Uncertainties – 3.75%

Other Designations-Unrestricted

Other Designations-Restricted

Budgets for all other funds of the District have been presented.  All funds are fiscally solvent and maintain appropriate reserves.

• The Adult Education Fund (Form 11) ADA and revenues are based on the 2006/2007 Period 2 ADA times the 2007/2008 estimated amount per ADA.  Certificated staffing has increase to reflect the actual cost of an administrator and clerical time has been decreased due to restructuring.

• The Deferred Maintenance Fund (Form 14) revenues are based on 2006/2007 estimates.  The expenditures are based on the new 5-year Deferred maintenance plan.

• The Building Fund (Form 21) budget is based on the current projects that are planned for the 2007/2008 fiscal year.

• The Capital Facilities Fund (Form 25) budget is projecting a small decrease in Developer Fees.  It also includes the cost of 4 new portables and the lease of 2 additional portables.

• The Special Reserve Fund for Capital Outlay Projects (Form 40) includes minimal expenditures for Hamilton.  Once estimated costs are known, the budget will be revised.

• The Bond Interest and Redemption fund (Form 51) is based on 2006/2007.  Once the County of Marin submits new repayment information the budget will be revised.

• The Cafeteria Enterprise Fund (Form 61) revenues are based on a small increase in the number of meals served and a small increase to Federal Reimbursement.  The fund reflects a contribution from the General Fund of $78,362.  The major reason for the contribution is due to the Cafeteria paying for one of the Warehouse/Delivery positions that was previously paid by the General Fund until 2006/2007.

• The Self-Insurance Fund (Form 67) reflects a contribution from the General Fund in the amount of $72,855.  This contribution is used to pay for loss deductibles.

• January: The Governor's Recommended State Budget for the next fiscal year was released. This was the starting point for Budget Development

• February to May: Budget Advisory Committee Meetings

• February to May: Board Budget Workshops

• May: The Governor released the "May Revise" which reflected the latest information of what the Governor was proposing for the 2007/2008 State Budget. These are the assumptions primarily used in the Budget development process

• June 5, 2007 Board Meeting: 2007/08 Tentative Budget

• June 26, 2007 Board Meeting: Public Hearing & Adoption of the 2007/08 Budget

• June: The 2007/08 Adopted Budget was submitted to the Marin County Office of Education (MCOE) for review and approval.

• Within 45 days of when the State Budget is adopted: Budget revisions are submitted to the board to reflect changes from the Governor's May Revise. These revisions will also be filed with MCOE upon Board approval.

• By December 15, 2007: The 1st Interim Report must be approved by the Board and submitted to MCOE.

• By March 15, 2008: The 2nd Interim Report must be approved by the Board and submitted to MCOE.