Capistrano Unified School District Actual Reserves $133 million

 

THE SHELL GAME

Current legislation, policies, and practices allow public school districts to deceive the public about the districts’ financial positions by focusing on budgets that never manifest and “reserves” that only reveal the tip of the iceberg. 

These practices unnecessarily complicate every district function from the LCAP process to labor negotiations to foundations and bonds. 

Stakeholders are in the dark. 

Billions of dollars of taxpayer money that was meant to educate children are being wasted, hidden below the surface and growing annually, and school districts budgets show they plan to continue the trend. 

The practice also makes one call to question how all public agencies present their information. 

 

CUSD HAD $16 MILLION IN GENERAL FUND DOLLARS THAT IT CHOSE NOT TO SPEND IN THE CLASSROOM OR TO FIX AND MAINTAIN FACILITIES INSTEAD IT IS BEING HORDED.

CUSD HAS GROWN ITS ACTUAL RESERVES FROM $51 MILLION IN 2011-12 TO ITS CURRENT $133 MILLION 

 

THE WAY TO CALCULATE ACTUAL RESERVES
 

Capistrano Unified School District 

 

Unaudited Actuals 2016-17

(In Millions )

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

 

Increase In Revenue

 

-3.6%

8.4%

5.2%

19.7%

 -.01%

 

Revenues

$366.4

$353.1

$382.9

$402.7

$482.2

$481.70

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 809 of 998

2016-17 Unaudited Actuals

Total Fund col A + B (C)

Expenditures

$377.0

$352.1

$371.1

$404.3

$453.1

$466.80

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 809 of 998

2016-17 Unaudited Actuals

Total Fund col A + B (c)

General Fund Ending Balance (1-8) 

$19.3

$21.4

$33.4

$31.2

$59.9

$74.70

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 810 of 998

Beginning Fund Balance as of July 1, 2018 - Unaudited Actuals

Reserves:(1-8) 

5.1%

6.1%

9.0%

7.7%

13.2%

16%

 

Reserves = General Fund/Expenditures 

Actual Reserves from just the General Fund 

74.70/466.80 = 16%

           

$58.81 

"REVISED"

$15,988

Change from Unaudited to Revised Final

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 964 of 998

Beginning Fund Balance as of July 1, 2018 Revised Final states that the ending fund balance is $58.81 not $74.70

A Difference of $15,955,189. This $15.96 million is transferred to other funds and does not show up as "Reserves". CUSD published the $58.81 million as their "RESERVES.

THE CORRECTING ENTRIES ARE THEN DONE ON CONSENT CALENDAR AS FOLLOWS: 

September 13, 2017 CUSD BOT Meeting Agenda Item #13  RESOLUTION NO. 1718-14, AUTHORIZING THE INCREASE AND DECREASE IN APPROPRIATIONS FOR THE FISCAL YEAR ENDING 2016- 2017 page 472 of 998 

September 13, 2017 CUSD BOT Meeting Agenda Item #14  RESOLUTION NO. 1718-15, RE-APPROPRIATION OF CARRYOVER FUNDS page 476 of 998 

September 13, 2017 CUSD BOT Meeting Agenda Item #15  RESOLUTION NO. 1718-16, ADOPTING THE 2016-2017 ACTUAL GANN LIMIT AND THE 2017-2018 ESTIMATED GANN LIMIT page 481 of 998  

 

 TOTAL FUND BALANCES

01-60 GOVERNMENTAL FUNDS
01 General Fund/County School Service Fund  
03 General Fund Unrestricted

$61,030,106.01 

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 811 of 998

06 General Fund Restricted

$13,710,748.53 

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 811 of 998

Total General Fund = Restricted + Unrestricted

$61.03 +13.71 = $74.74

11–20 Special Revenue Funds CHARTER SCHOOLS

$0.00   

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 829 of 998

Ending Balance in 16-17: -0-

2017-18 Budget: -0-

Difference -0-

11 Adult Education Fund 

$0.00 

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 841 of 998

Ending Balance in 16-17: -0-

2017-18 Budget: -0-

Difference -0-

Adult Ed is no longer taught- services are at Saddleback now

12 Child Development Fund

$372,954.14 

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 851 of 998

Ending Balance in 16-17: $372,954.14

2017-18 Budget: $372,954.14

Difference -0-

13 Cafeteria Fund 

$4,701,035.49 

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 861 of 998

Ending Balance in 16-17: $4,198,786.88

2017-18 Budget: $4,701,035.49

Difference: Increase of 12%

14 Deferred Maintenance Fund

$1,809,647.93

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 871 of 998

Ending Balance in 16-17: $1,809,647.93

2017-18 Budget: $1,809,647.93

Difference: -0-

15 Pupil Transportation   
16 Forest Reserve Fund   

17 Special Reserve Fund for Other Than Capital Outlay Projects (Post Employment Benefits)

$79,958.21 

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 879 of 998

Ending Balance in 16-17: $79,958.21

2017-18 Budget: $80,758.21

Difference: 1%

18 School Bus Emissions Reduction Fund   
21–50 Capital Project Funds  

21 Building Fund 

$516,428.77

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 890 of 998 

Ending Balance in 16-17: $79,958.21

2017-18 Budget: (.23)

Difference: Decrease 100%

25 Capital Facilities Fund 

$11,321,653.23 

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 900 of 998 

Ending Balance in 16-17: $11,321,653.23 

2017-18 Budget: $977,993.23

Difference: Decrease 91.4%

30 State School Building Lease-Purchase Fund  $0.00 

40 Special Reserve Fund for Capital Outlay Projects

$28,105,118.01 

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 922 of 998 

Ending Balance in 16-17: $28,105,118.01

2017-18 Budget: $25,442,797.01

Difference: Decrease 9.5%

51–60 Debt Service Funds   
51 Bond Interest and Redemption Fund 

$4,561,164.00 

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 931 of 998 

Ending Balance in 16-17: $4,561,164.00

2017-18 Budget: $4,533,921

Difference: Decrease 0.6%

53 Taxoverride Fund  
56 Debt Service Fund  
Subtotal 1- 60 $126,208,814.32
61–70 PROPRIETARY FUNDS 
61–65 Enterprise Funds   
61 Cafeteria Fund   
63 Other Enterprise Fund   
66–70 Internal Service Funds   
66 Warehouse Revolving Fund   

67 Self-Insurance Fund 

$7,079,086.16  

September 13, 2017 CUSD BOT Meeting Agenda Item #36  2016-17 Financial Statements (Unaudited Actuals) page 934 of 998

There was a $7.1 million ending balance in 16-17. $7.3 (EFB), 2.9% increase, budgeted this year.

Subtotal 61-70 $7,079,086.16 
71–95 FIDUCIARY FUNDS
71–75 Trust Funds  
71 Retiree Benefit Fund   
72 Article XIII-B Fund   
73 Foundation Trust Fund   
76–95 Agency Funds  
76 Warrant/Pass-through Fund*   
95 Student Body Fund*   
Subtotal 71-95 $0.00 
Total Funds  $133,287,900.48 

 

The work that CalProEd has done to date found the "Actual" Reserves for the following school districts:

Billions of dollars of taxpayer money that was meant to educate children are being wasted, hidden below the surface and growing annually, and school districts budgets show they plan to continue the trend.

Why? Kickbacks? Pet projects without oversight? Job security for admin and union?