District Budget News
We encourage you to visit this site on a regular basis in order to obtain up-to-date
information on the District’s budget. 
 

December 2, 2016


STATE BUDGET NEWS:

On June 27, 2016, the Governor signed the 2016-17 State Budget. This budget included significant revenue increases for K-12 public school districts including:

    $2.94 billion for Local Control Funding Formula (LCFF) GAP Funding
    $1.28 billion in one-time discretionary funds


Since enactment of the State Budget, the actual revenue received by the State through October is below the forecast by nearly $2 billion (2015-16 since May Revise and 2016-17 through October). On January 10, 2017, the Governor will release his proposal for the 2017-18 State Budget which will include revised revenue forecasts.

On November 8, 2016, California voters passed Proposition 55 which extends the temporary increase to personal income taxes for high income earners (i.e. household income of $250,000 or more) enacted by Proposition 30 in 2012 for another 10 years. This does not provide any new revenue for school districts but merely operates to maintain revenues already being received.

 

DISTRICT BUDGET NEWS:

 2016-17 1st Interim Report

The District adopted its budget for the 2016-17 fiscal year on June 21, 2016. The District is required to do two interim budget reports during each fiscal year; the 1st Interim Report for the period through October 31 and the 2nd Interim Report for the period through January 31. The 2016-17 1st Interim Report includes the following projections:

Factor

2016-17

2017-18

2018-19

Projected K – 8 Enrollment

6,763

6,902

7,121

Projected Average Daily Attendance (ADA)

6,457

6,457

6,457

Estimated % Increase in Total LCFF Revenue Over the Prior Year

5.18%

2.46%

0.52%

Estimated Difference Between Unrestricted General Fund Total Income and Total Outgo [BLACK = Operating Surplus, (RED) = Operating Deficit)

($2,765,868)

($2,471,292)

($3,553,065)

Estimated Difference Between Unrestricted General Fund On-Going Income and On-Going Outgo (BLACK = Structural Surplus, (RED) = Structural Deficit)

$299,474

($1,192,622)

($2,849,557)

Projected End of Year Reserve as a Percentage of Total General Fund Outgo

18.34%

14.93%

9.19%

 
Click
here for more details on the District’s 2016-17 1st Interim Report.

Last Modified on December 2, 2016
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