Budget Auto Sales by qdj24924

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									  2008- 2009 Budget
Saddleback Valley Unified School District




                    1
Hitting a Moving Target...

• Economy
• State Budget not yet settled - most
  betting on August
• May Revise as basis - hope for better
• Estimating enrollment
• What’s next
                      2
                Economy
• Recession or not? Watch these indicators:
  • Unemployment, Housing, Auto Sales,
     Durable Goods, Business Equipment and
     Business office/factories

• So far Unemployment is 4.5% annually
• Expect slow return Statewide but OC Mortgage
  Industry will not return

• No tax windfalls on the horizon
                         3
    State Budget Status

• Conference Committee meeting but has
  made little progress
  • Did agree to delay some payments to
    assist State cash flow
  • Education issues put at end of agenda
• “Big 5” has met but no action

                    4
  May Revise...is this the
    best we will see?
• Proposals to give Education more $$$
• Where it will come from - lottery, higher
  taxes, cuts in State services?
• Hardened stances make settlement
  difficult-- not feeling pressure yet
• Latest State Budget was 8/31/2002

                      5
Our “May Revise” Budget
• Includes:
  • No COLA in State funding; 6.5%
    reduction in Categorical funding
  • Reductions totaling $11.7 million
  • Health costs up 8.8%;+$1,141
    employee
  • Transfer of $3 million of Categorical
    program reserves to Unrestricted
                     6
Flexibility - to be or not to
             be?
• proposed by Governor in May Revise
  • between categoricals
  • from categoricals to unrestricted
• not included in Democratic budget
  proposals
• not from Federal funds or Cafeteria
            Flexibility...

• not from Spec. Ed., EIA or Textbooks
• based on amounts leftover - June 30,
  2008
• our transfer plans are not specific due to
  lack of clear State guidelines - we just
  know it will be $3 million
Unknowns and Risk Areas

• Enrollment - has the trend basis has
  changed?
• Rising Payroll costs - costs exceed norm
• Rising Health costs
• State economy impacts to future budgets

                    9
Enrollment Planning




         10
Enrollment vs Average Daily
    Attendance (a.d.a.)




              11
            Next Steps
• Monitor the State Budget process
• Close out 2007-08 and prepare
  “unaudited actuals”
• Prepare for Revised Final Budget in
  September
• If State Budget is later than August, then
  make revisions to Revised Final Budget
  in October

                     12

								
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