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SAN DIEGO UNIFIED SCHOOL DISTRICT
Unaudited Actuals Financial ReportUnaudited Actuals Financial Report- Fiscal Year 2006/07
Board PresentationBoard Presentation September 11, 2007
2006/07
Unaudited Actuals2006/07
Agenda
Introduction
Ending Balances – All Fundsg
General Fund – Resource Comparisons
General Fund - Major Account Comparisons
Other Comparisons
Conclusions
2
2006/07
Unaudited Actuals2006/07
Purpose Brief the Board on the Close Out of Fiscal/School
Introduction
Purpose … Brief the Board on the Close-Out of Fiscal/School Year 2006/07
Intention Highlight Notable Changes and Compare SelectedIntention … Highlight Notable Changes and Compare Selected Financial Numbers
Bottom Line …the 06/07 General Fund Unaudited Ending gBalance (EB) is $52.9M … the 06/07 Adopted Budget EB is $49.2M
R d ti B d A th U dit d A t l &Recommendation … Board Approve the Unaudited Actuals & Forward to CDE
Per Education Code 42100, the Governing Board Shall Approve
3
, g ppthe Report on or before 9/15/2007
2006/07
Unaudited Actuals2006/07
Agenda
Introduction
Ending Balances – All Fundsg
General Fund – Resource Comparisons
General Fund - Major Account Comparisons
Other Comparisons
Conclusions
4
2006/07
Unaudited Actuals2006/07
S f E di B l
Ending Balances – All Funds
Summary of Ending Balances
Fund Beginning Transfers Endingg g gFund Descriptions Num Balances Revenues Expenditures In / (Out) Balances
General 01 107,359,558$ 1,224,901,910$ 1,176,637,757$ (28,585,277)$ 127,038,435$ Adult Education 11 855,072 2,159,561 1,963,623 - 1,051,011 Child Development 12 (990 967) 24 979 208 25 876 681 1 892 916 4 476Child Development 12 (990,967) 24,979,208 25,876,681 1,892,916 4,476 Cafeteria 13 (653,471) 46,320,391 45,645,482 533,766 555,204 Deferred Maintenance 14 260,431 4,748,182 4,926,104 - 82,510 Pupil Trans Equipmt 15 2,656,485 115,197 2,146,128 2,500,000 3,125,554 Reserve for Non-Capital 17 NEW 812,518 - 27,922,140 28,734,658 R i B fi 20 1 259 620 74 361 (87 826) 1 246 155Retiree Benefits 20 1,259,620 74,361 - (87,826) 1,246,155 Building 21 191,783,097 7,505,642 187,475,211 - 11,813,528 Capital Facilities 25 36,232,418 18,289,196 15,962,784 (2,081,858) 36,476,972 County School Facilities 35 258,242,332 139,953,166 50,054,346 - 348,141,152 Reserve for Capital Outlay 40 22,727,161 37,238,280 8,202,906 (335,508) 51,427,026 Bond Interest & Redempt. 51 36,276,503 383,331,877 378,325,955 - 41,282,425 Tax Override 53 6,554,884 - - (6,554,884) - Self-Insurance 67 53,356,132 44,183,235 34,390,467 4,796,531 67,945,431
Totals 715,919,254$ 1,934,612,725$ 1,931,607,444$ -$ 718,924,536$
5
2006/07
Unaudited Actuals2006/07Revenues
Ending Balances – All Funds
($’s in millions)
Child B ildiCafeteria
Capital Facilities$18.3 (1%)
Development $25.0 (1%)
Building$7.5 (0.5%)
General$1,224.9 (64%)
$46.3 (2%)
$ ( )
County School Facilities
$140.0 (7%)
Reserve for Capital Outlay
$37.2 (2%)
Bond Interest &Others
$7.9 (0.5%)
Bond Interest & Redemption
$383.3 (20%)Self-Insurance $44.2 (2%)
6Totals: $1,934.6
2006/07
Unaudited Actuals2006/07Expenditures
Ending Balances – All Funds
($’s in millions)
Child Development Cafeteria
$45 6 (2%)$25.9 (1%)
General$1 176 6 (61%)
$45.6 (2%)
Building$187.5 (10%)
Capital Facilities$1,176.6 (61%)
County School Facilities
Capital Facilities $16.0 (1%)
Reserve for Capital Outlay$8.2 (0.5%)
ac t es$50.1 (3%)
B d I t t &Self-Insurance
$34.4 (2%)
Others$9.0 (0.5%)
Bond Interest & Redemption
$378.3 (20%)
7Totals: $1,931.6
2006/07
Unaudited Actuals2006/07
Ending Balances – All Funds
2006/07 Fund Balance ChangesFund
Fund Descriptions Num Beginning Ending Changes
General 01 107,359,558$ 127,038,434$ 19,678,876$ Adult Education 11 855,072 1,051,011 195,938 Child Development 12 (990,967) 4,476 995,443Child Development 12 (990,967) 4,476 995,443 Cafeteria 13 (653,471) 555,204 1,208,675 Deferred Maintenance 14 260,431 82,510 (177,921) Pupil Trans Equip 15 2,656,485 3,125,554 469,069 Reserve for Non-Capital 17 NEW 28 734 658 28 734 658Reserve for Non-Capital 17 NEW 28,734,658 28,734,658 Retiree Benefits 20 1,259,620 1,246,155 (13,465) Building 21 191,783,097 11,813,528 (179,969,569) Capital Facilities 25 36,232,418 36,476,972 244,554 C t S h l F iliti 35 258 242 332 348 141 152 89 898 820County School Facilities 35 258,242,332 348,141,152 89,898,820 Reserve for Capital 40 22,727,161 51,427,026 28,699,865 Bond Interest & Redempt. 51 36,276,503 41,282,425 5,005,921 Tax Override 53 6,554,884 - (6,554,884)
lf
8
Self-Insurance 67 53,356,132 67,945,431 14,589,299
Totals 715,919,254$ 718,924,535$ 3,005,281$
2006/07
Unaudited Actuals2006/07
2006/07 Fund Balance Changes
Ending Balances – All Funds
2006/07 Fund Balance Changes
$350,000,000
State Matching Funds
$230,000,000
$290,000,000Prop MM
Expenditures
$110,000,000
$170,000,000Late Allocation of Categoricals
Mandate Reserve
Copley Property
SaleFunding
Workers’ Comp
Funding
$(10,000,000)
$50,000,000
Gen
eral
ucat
ion
opm
ent
afet
eria
tena
nce
s Equ
ip
Capi
tal
enef
its
uild
ing
acili
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acili
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tal
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nce
G
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Child
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elo
Ca
Def
erre
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aint
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on-
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e Bu
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a
ount
y Sc
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for
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Re
Tax
O
Self-
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9
R Co Bon
Beginning Ending
2006/07
Unaudited Actuals2006/07
Agenda
Introduction
Ending Balances – All Fundsg
General Fund – Resource Comparisons
General Fund - Major Account Comparisons
Other Comparisons
Conclusions
10
2006/07
Unaudited Actuals2006/07
Summary of Resources
General Fund – Resource Comparisons
Summary of Resources
Beginning Contributions & EndingR B l R E dit T f I / (O t) B lResources Balances Revenues Expenditures Transfers In / (Out) Balances
Unrestricted 51,808,368$ 790,624,233$ 677,304,060$ (112,240,919)$ 52,887,622$ Special Education 23,122 145,041,553 231,736,317 86,671,642 - TIIBG 15,047,197 77,929,292 72,456,672 (11,689,394) 8,830,423 Title I - 45,813,135 45,813,135 - - EIA: Limited English Proficiency 4,567,392 20,881,633 15,215,214 (3,582,839) 6,650,972 After Schl Ed. & Safety Trans Grt NEW 15,555,249 15,555,249 - - School-Based Coordination Prog 5,005,167 - 11,376,730 9,922,330 3,550,767 One Time Arts, Music, PE Grant NEW 9,383,395 - - 9,383,395 Title II, No Child Left Behind - 8,796,186 8,796,186 - - , , , , ,Master Plan for Instr Matls 15,312,314 7,891,469 1,557,952 - 21,645,831 Regional Occupational Program - 7,634,758 7,634,758 - - Discretionary Block Grant/Schools NEW 7,060,259 3,388,037 - 3,672,222 All Other 15,595,998 88,290,748 85,803,447 2,333,903 20,417,202
Totals 107,359,558$ 1,224,901,910$ 1,176,637,757$ (28,585,277)$ 127,038,434$
11
2006/07
Unaudited Actuals2006/07
Summary of Revenues
General Fund – Resource Comparisons
Summary of Revenues($’s in millions)
Special Education
$145 1 (12%)
Unrestricted$790.6 (65%)
TIIBG$77.9 (6%)
$145.1 (12%)
Exhibit A$77 2 (6%)
Title I$45.8 (4%)
Exhibit A RevenuesEIA: Limited English Proficiency 20.9$ After Schl Ed. & Safety Trans Grt 15.5 One Time Arts, Music, PE Grant 9.4 Title II, No Child Left Behind 8.8
All Other$88.3 (7%)
$77.2 (6%)Master Plan for Instr Matls 7.9 Regional Occupational Program 7.6 Discretionary Block Grant/Schools 7.1 Totals 77.2$
12Totals: $1,224.9
2006/07
Unaudited Actuals2006/07
General Fund – Resource Comparison
2005/06 vs. 2006/07 Revenues
Resources 2005/06 2006/07 ChangesU t i t d 637 690 305$ 706 968 591$ 69 278 286$Unrestricted 637,690,305$ 706,968,591$ 69,278,286$ Special Education 211,607,830 231,713,195 20,105,365 TIIBG 62,606,786 66,239,898 3,633,112 Title I 55,597,438 45,813,135 (9,784,303) EIA: Limited English Proficiency 8,227,976 17,298,794 9,070,818 After Schl Ed. & Safety Trans Grt - 15,555,249 15,555,249 School-Based Coordination Prog 10,091,437 9,922,330 (169,107) One Time Arts, Music, PE Grant - 9,383,395 9,383,395One Time Arts, Music, PE Grant 9,383,395 9,383,395 Title II, No Child Left Behind 8,383,894 8,796,186 412,292 Master Plan for Instr Matls 7,320,486 7,891,469 570,983 Regional Occupational Program 7,338,050 7,634,758 296,708 Di ti Bl k G t/S h l 7 060 259 7 060 259Discretionary Block Grant/School - 7,060,259 7,060,259 All Other 90,828,506 90,624,651 (203,855)
Totals 1,099,692,708$ 1,224,901,910$ 125,209,202$
13
2006/07
Unaudited Actuals2006/07
2005/06 2006/07 R
General Fund – Resource Comparison
2005/06 vs. 2006/07 Revenues
$800 000 000Mandate
$500 000 000
$600,000,000
$700,000,000
$800,000,000 Revenue
$
$300,000,000
$400,000,000
$500,000,000
New6x6
Program Growth
$0
$100,000,000
$200,000,000
cted ial
tion
IBG
tle I
mite
dsh nc
y
d. & Grt
ased tion
Arts
,ra
nt
, No
Left
nd for
ls al onal
m nary
hool
Oth
er
New Grant
New Grant
Replacement Grant
Unr
estri
c
Spec
iEd
ucat
TII
Tit
EIA
: Lim
Engl
isPr
ofic
ien
Afte
r Sch
l Ed
Safe
ty T
rans
Scho
ol-B
aCo
ordi
nat
Prog
One
Tim
e A
Mus
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E G
r
Title
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Child
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hin
Mas
ter P
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l
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ona
Occ
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Disc
retio
nBl
ock
Gra
nt/S
c h
All
O
2005/06 2006/07
14
2005/06 2006/07
2006/07
Unaudited Actuals2006/07
Agenda
Introduction
Ending Balances – All Fundsg
General Fund – Resource Comparisons
General Fund - Major Account Comparisons
Other Comparisons
Conclusions
15
2006/07
Unaudited Actuals2006/07
General Fund – Major Account Comparisons
Summary of Major Expenditure Accounts
MajorA D i i A AAccount Descriptions Accounts Amounts
Certificated Personnel Salaries 1000 543,594,499$ Cl ifi d P l S l i 2000 197 531 365Classified Personnel Salaries 2000 197,531,365 Employee Benefits 3000 250,422,747 Books and Supplies 4000 51,489,930 S i d Oth O ti E dit 5000 86 076 549Services and Other Operating Expenditures 5000 86,076,549 Capital Outlay 6000 741,606 Other Outgo & Uses 7000 46,781,060
Sub-Totals 1,176,637,757$
Transfers Out 39,298,116
T t l 1 215 935 873$
16
Totals 1,215,935,873$
2006/07
Unaudited Actuals2006/07
Summary of Major Expenditure Accounts
General Fund – Major Account Comparisons
Summary of Major Expenditure Accounts($’s in millions)
Classified Personnel Salaries
$197.5 (16%)
Employee Benefits
Certificated Personnel Salaries
Books & S li
Benefits$250.4 (21%)
Salaries$543.6 (45%)
Services &
Supplies$51.5 (4%)
Other Outgo & Uses
$46.8 (4%)
Transfers Out$39.3 (3%)
Other Operating Expenditures$86.1 (7%)
17
Totals: $1,215.2
2006/07
Unaudited Actuals2006/07
2005/06 2006/07 E dit
General Fund – Major Account Comparisons
2005/06 vs. 2006/07 Expenditures
MajorAccount Descriptions Accounts 2005/06 2006/07 Changes
Certificated Personnel Salaries 1000 507,279,935$ 543,594,499$ 36,314,564$ Cl ifi d P l S l i 2000 177 287 605 197 531 365 20 243 760Classified Personnel Salaries 2000 177,287,605 197,531,365 20,243,760 Employee Benefits 3000 239,001,355 250,422,747 11,421,392 Books and Supplies 4000 88,522,816 51,489,930 (37,032,887) Services and Other Operating Expenditures 5000 52,793,812 86,076,549 33,282,737 Capital Outlay 6000 154 537 741 606 587 069Capital Outlay 6000 154,537 741,606 587,069 Other Outgo & Uses 7000 41,513,945 46,781,060 5,267,115
Sub-Totals 1,106,554,006$ 1,176,637,757$ 70,083,751$
Transfers Out 6,535,735 39,298,116 32,762,381 , , , , , ,
Totals 1,113,089,741$ 1,215,935,873$ 102,846,132$
18
2006/07
Unaudited Actuals2006/07
General Fund – Major Account Comparisons
2005/06 vs. 2006/07 Expenditures
$600 000 000
$
$500,000,000
$600,000,000Salary
Maintenance & Increase
$300,000,000
$400,000,000
$100,000,000
$200,000,000
Services Reclass
Maintenance Contracted
Services Reclass
$0CertificatedPersonnelSalaries
ClassifiedPersonnelSalaries
EmployeeBenefits
Books andSupplies
Services andOther
OperatingExpenditures
Capital Outlay Other Outgo & Uses
Transfers Out
19
Expenditures
2005/06 2006/07
2006/07
Unaudited Actuals2006/07
Agenda
Introduction
Ending Balances – All Fundsg
General Fund – Resource Comparisons
General Fund - Major Account Comparisons
Other Comparisons
Conclusions
20
2006/07
Unaudited Actuals2006/07Function Comparison
All F d
Other Comparisons
All Funds2005/06 vs. 2006/07 Expenditures
MajorFunction Descriptions Function 2005/06 2006/07 Changes
Instruction 1000 662,000,627$ 701,020,177$ 39,019,550$ Instruction - Related Services 2000 167,943,521 168,155,371 211,851Instruction Related Services 2000 167,943,521 168,155,371 211,851 Pupil Services 3000 152,040,284 171,515,581 19,475,297 Ancillary/Athletics Services 4000 2,730,752 1,871,871 (858,881) Community Services 5000 295,555 267,943 (27,612) Enterprise 6000 33 392 771 35 206 477 1 813 705Enterprise 6000 33,392,771 35,206,477 1,813,705 General Administration 7000 50,852,989 61,366,662 10,513,673 Plant Services 8000 351,752,040 353,729,195 1,977,155 Other Outgo 9000 151,017,784 438,474,167 287,456,383
Sub-Totals 1,572,026,323 1,931,607,444 359,581,121 Transfers Out 20,674,681 80,010,956 59,336,275
Totals 1,592,701,004$ 2,011,618,399$ 418,917,396$
21
2006/07
Unaudited Actuals2006/07
Function Comparison
Other Comparisons
Function ComparisonAll Funds
2005/06 vs. 2006/07 Expenditures
$500 000 000$600,000,000$700,000,000$800,000,000 Refunding
of Prop MM Bonds
$0$100,000,000$200,000,000$300,000,000$400,000,000$500,000,000
$0
Inst
ruct
ion
Inst
ruct
ion
-la
ted
Ser
vice
s
Pup
il S
ervi
ces
cilla
ry/A
thle
tics
Ser
vice
s
Com
mun
ityS
ervi
ces
Ent
erpr
ise
Gen
eral
Adm
inis
tratio
n
Pla
nt S
ervi
ces
Oth
er O
utgo
Tran
sfer
s O
ut
Re P
Anc A P
2005/06 2006/07
22
2006/07
Unaudited Actuals2006/07
Selected Programs
Other Comparisons
Selected Programs 2005/06 vs. 2006/07 Expenditures
Programs 2005/06 2006/07 ChangesCareer & Technical Education 9,029,781$ 9,478,069$ 448,288$ EIA: Limited English Proficiency 14 137 668 21 145 130 7 007 462EIA: Limited English Proficiency 14,137,668 21,145,130 7,007,462 GATE 8,162,221 8,967,795 805,574 Instructional Material 10,444,439 7,982,452 (2,461,987) Restricted Maintenance 66 527 303 67 781 996 1 254 693Restricted Maintenance 66,527,303 67,781,996 1,254,693 School-Based Coordination Prog 9,520,363 11,376,730 1,856,367 Special Education 211,584,753 231,736,317 20,151,564
T l 329 406 528$ 358 468 489$ 29 061 961$Totals 329,406,528$ 358,468,489$ 29,061,961$
23
2006/07
Unaudited Actuals2006/07
Selected Programs
Other Comparisons
Selected Programs2005/06 vs. 2006/07 Expenditures
$200,000,000
$250,000,000
$50 000 000
$100,000,000
$150,000,000
$0
$50,000,000
Career &TechnicalEducation
EIA: LimitedEnglish
Proficiency
GATE InstructionalMaterial
RestrictedMaintenance
School-BasedCoordination
Prog
SpecialEducation
Education Proficiency Prog
2005/06 2006/07
24
2006/07
Unaudited Actuals2006/07Contributions & Transfers In/(Out)
G l F d
Other Comparisons
General Fund2005/06 vs. 2006/07
Resources 2005/06 2006/07 ChangesResources 2005/06 2006/07 Changes
Unrestricted (80,544,345)$ (112,240,919)$ (31,696,574)$ Special Education 75,558,132 86,671,642 11,113,510 TIIBG (11 036 059) (11 689 394) (653 335)TIIBG (11,036,059) (11,689,394) (653,335) EIA: Limited English Proficiency (4,606,583) (3,582,839) 1,023,744 Ongoing And Major Maintenance 15,000,573 12,933,643 (2,066,930) School-Based Coordination Prog 10,091,074 9,922,330 (168,744) Community Day Schools 786,941 1,424,141 637,200 Gifted And Talented (29,610) (22,905) 6,705 Home To School Transportation (2,717,887) (2,885,514) (167,627) Prof Development Block Grant - (1 215 743) (1 215 743)Prof Development Block Grant (1,215,743) (1,215,743) Sch & Lib Imp Block Grant (8,231,486) (7,899,719) 331,767 Title V Instr Block Grant 508,316 - (508,316) Natnl Board Cert Teacher Incentive 7,586 - (7,586)
25
Totals (5,213,348)$ (28,585,277)$ (23,371,929)$
2006/07
Unaudited Actuals2006/07Contributions & Transfers In/(Out)
Other Comparisons
General Fund2005/06 vs. 2006/07
$20 000 000$40,000,000$60,000,000$80,000,000
$100,000,000
($80 000 000)($60,000,000)($40,000,000)($20,000,000)
$0$20,000,000
($120,000,000)($100,000,000)
($80,000,000)
estri
cted
Spec
ial
duca
tion
TIIB
G
EIA/
ELL
nten
ance
h-Ba
sed
ord
Prog
omm
unity
Day
Sch
GAT
E
Hom
e To
ch T
rans
Prof
Dev
Bloc
k G
rt
Sch
& Li
bm
p Bl
ock
Grt
Title
V
NBC
Tnc
entiv
e
Unr
S Ed
Mai
n
Sch
Coo Co D H Sc P B S Im I
2005/06 2006/07
26
2006/07
Unaudited Actuals2006/07Transfers In/(Out)
Other Comparisons
( )All Other Funds
2005/06 vs. 2006/07
Resources 2005/06 2006/07 Changes
Child Development Fund 200,000$ 1,892,916$ 1,692,916$ p , , , , ,Cafeteria Fund - 533,766 533,766 Pupil Trans Equip Fund - 2,500,000 2,500,000 Reserve for Non-Capital Fund - 27,922,140 27,922,140 pRetiree Benefits Fund (378,305) (87,826) 290,479 Capital Facilities Fund - (2,081,858) (2,081,858) Reserve for Capital Fund (404,878) (335,508) 69,370 Tax Override Fund - (6,554,884) (6,554,884) Self-Insurance Fund 5,796,531 4,796,531 (1,000,000)
Totals 5 213 348$ 28 585 277$ 23 371 929$
27
Totals 5,213,348$ 28,585,277$ 23,371,929$
2006/07
Unaudited Actuals2006/07Transfers In/(Out)
Other Comparisons
All Other Funds2005/06 vs. 2006/07
$20 000 000
$25,000,000
$30,000,000
Mandate Reserve
$5,000,000
$10,000,000
$15,000,000
$20,000,000
School Bus Replacement Supplement
Restricted Maintenance
Consolidation in General
Fund
($10,000,000)
($5,000,000)
$0
nt a s or al e s l s or e e
Chi
ldD
evel
opm
e n
Caf
eter
ia
Pupi
l Tra
nEq
uip
Res
erve
foN
on-C
apita
Ret
iree
Bene
fit
Cap
ital
Faci
litie
Res
erve
foC
apita
l
Tax
Ove
rrid
Self-
Insu
ranc
28
2005/06 2006/07
2006/07
Unaudited Actuals2006/07
ConclusionsConclusions
Experienced Significant Revenue Growth … One Time Categoricals & Mandate Revenue
I d S b t ti l P MM E ditIncurred Substantial Prop MM Expenditures
Supported Continuing Special Education Growth
Used Contributions Transfers to Offset Deficits
Closed with Large Restricted Balance Carry-Over
Recommend Approval of 2006/07 Unaudited Actuals
29