|May 23, 2018 CUSD BOT Meeting Agenda Item #42 2018-19 PROPOSED BUDGET ADOPTIONS|
Board Agenda page 1134
ADULT JOBS not EDUCATING STUDENTS
Enrollment projections 2018-19
Declining Enrollment projected loss of 848 students in 2018-19. Enrollment 47,051
Funding per ADA will be based on enrollment of 46,461.19
LCFF is proposed to be $8,796 per student and will only increase going forward by (COLA)
CUSD future per pupil funding is limited to 2007-08 levels + COLA ($8,796 + COLA)
Site Supply Budget Formula
K - 5 $21 / student
6 - 8 $25 / student
9 - 12 $33 / student
K = 30.5 : 1
1 – 3 = 30:1
4-5 = 31.5 : 1
6 – 8 = 32.5 : 1 (includes prep periods and electives)
9 – 12 = 34.5 : 1 (includes prep periods and electives)
These are NOT MAXIMUM class sizes!
Lottery Funds $146 per ADA. Unrestricted Lottery Funds $7 million
Read The Truth About the Lottery Funds... there is not an education revenue stream that adult jobs has not stolen
Step & Column
PERS rates reflecting a change from a 30 year amortization policy to a 20 year amortization policy and lower returns on investments were approved by the CalPERS Board on April 17, 2018 and are as follows:
STRS costs are projected to increase to 16.28% in 2018-2019, 18.13% in 2019-2020, 19.10% in 2020-2021 and future years.
The State is passing increased CalSTRS and CalPERS cost down to the local school districts rather than to the State or Employees. By 2021 this cost is expected to represent 19% of CUSDs entire budget. Employee Compensation is at 89%. CUSD will be forced to deficit spend just to pay employees. AB2808 (Muratsuchi) to increase LCFF targets by $5,000 per student. While this sounds great and is needed; like Prop 30 and the Extension of Prop 30 this money will never reach the students. It will increase as needed to pay increased pension costs so that districts will not go bankrupt.
NON- SALARY EXPENDITURES
Non salary expenditures are expected to increase between 2% and 5% in 2018-19
STRS 16.28 %
PERS 18.06 %
OASDI 6.200 %
Medicare 1.450 %
Workers Comp 1.500 %
Unemployment 0.050 %
OPEB – Active 0.80%
OPEB – All 0.27%
HEALTH & WELFARE BENEFITS
Health and Welfare Benefits are projected to be $46 million
Liability insurance is expected to increase by 2% to $3 million
DEBT SERVICE AND MAJOR LEASE PAYMENTS
ENERGY BOND $1.5 million debt service
CUSD will be taking $1.5 million from the General Fund to pay for CUSDs Energy Bond. Humm save $200,000 - $300,000 per year energy savings/solar projects but pay $1.5 million per year to service the debt?
Early Retirements will cost CUSD $3.25 million per year, offset by lower paid salaries of new employees.
Text book funding is budgeted at $6.7 million
Summer School is budgeted at $50,000.