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San Marino Unified School District

San Marino Unified School District. 2012-13 Second Interim Financial Report Board of Education Meeting March 12, 2013. Second Interim Report. The Second Interim Report looks at actual revenues received and funds expended from July 1, 2012 through January 31, 2013.

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San Marino Unified School District

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  1. San Marino Unified School District 2012-13 Second Interim Financial Report Board of Education Meeting March 12, 2013

  2. Second Interim Report • The Second Interim Report looks at actual revenues received and funds expended from July 1, 2012 through January 31, 2013. • Financial projections are then made for the remainder of the current 2012-13 year and the subsequent two fiscal years (2013-14 and 2014-15).

  3. Positive Certification • Based upon current and future projections and using assumptions presented herein, the District is submitting a “Positive Certification” to the County and State that it will be able to meet its financial obligations for the current 2012-13 fiscal year and subsequent two fiscal years, 2013-14 and 2014-15.

  4. Revenue Assumptions Revenue Limit Funding State Categorical Funding Lottery Revenues Federal Funding Parcel Taxes Schools Foundation PTA/PTSA Donations Use of Facilities Revenues

  5. Revenue Assumptions

  6. Revenue Adjustments • Additional donations from PTA’s, PTSA, and ASB restricted for specific purposes. • Federal sequestration 10% revenue reductions beginning in 2014-15

  7. Expenditure Assumptions Salaries Benefits Supplies Services Equipment Other Outgo

  8. Expenditure Assumptions

  9. Expenditure Adjustments Salaries and benefit adjustments based on column movements Supplies, services and equipment adjustments based on restricted PTA, PTSA, ASB donations Transfers Out

  10. Ending Balance Adjustments Assignment of funds for future year carry-over 5% Reserve for Economic Uncertainties

  11. Next Steps . . . • Monitor State Budget Process • Governor’s May Revise 2013 • Adopted State Budget July 2013 • Kindergarten Registration • Enrollment/Staffing Projections • Budget Development • Proposed District Budget June 25, 2013

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