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Budget Updates - When and Why?

The budget is a living document and is updated with new information constantly.
Regular updates are provided to the Board and community to allow for enough time to prepare for 2022-23 and beyond.

June 23, 2021	Formal Adoption of 2021-22 Budget
August 11, 2021	45-Day Update based on Final State Budget
September 14, 2021	2020-21 Unaudited Actuals
October 13, 2021	Enrollment & Salary update w/ Preliminary look at MYP
December 2021	1^st Interim Report - MYP w/ 2-year projection
January 2022	Governor's Proposed Budget for 2022-23
March 2022	2^nd Interim Report – MYP updated w/ Gov’s Jan Budget
May 2022	Governor's May Revision to 2022-23 Budget
June 2022	Formal Adoption of 2022-23 Budget

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Enrollment Update

Census Day was October 6, 2021

Total Enrollment is 2,348.

The Budget assumed 2,395 (a difference of -47).

There are 116 fewer students than last year.

The total includes the 53 inter-district transfers who enrolled this year.

Enrollment Update

Enrollment Analysis

A total of 141 students left PUSD from 2020-21 to 2021-22.

Grades K-5: 48%

Grades 6-8: 30%

Grades 9-1: 22%

Enrollment vs Average Daily Attendance (ADA)

ADA is higher than enrollment - COVID exemption

Funding is based on ADA.

People-in-Positions Adjustments

Adjustment to salaries and benefits based on actual people in positions.

When the budget is built, it is based on existing people in positions.
From 2020-21 to 2021-22, 19 teachers retired or left.
By September, vacancies have been filled, retirees have been replaced with new teachers, and salaries and benefit projections can be updated.
The anticipated savings in salaries and benefits is $427,000.

Multi-year Projections

		2021-22	2022-23	2023-24
	Original GAP based on 6/23/21 Budget		-1,400,000	-1,400,000
	Measure H Rev Adj	131,966	131,966	131,966
45 Day Rev	State Unemployment Ins Adj	192,000
45 Day Rev	Lottery Revenue Adjust	75,600	73,765	73,028

UA	Undesignated Balance	948,205

Oct Update	Enrollment Proj LCFF Adjust		-570,000	-415,000
Oct Update	Salary & Benefit Adjust	427,000	427,000	427,000
	Total Adjustments (excl Meas H)	1,642,805	-69,235	85,028
	Balance Avail (from Prior Year)	0	1,642,805	173,570
	Remaining Gap (if negative)	1,642,805	173,570	-1,141,402

Summary

Revenue and expenditure adjustments are both one-time (2021-22 only) and ongoing (impacts on future years).

On-going: increase in lottery revenues adds approx. $75K in revenues starting in 2021-22.
One-time: adjustments to the State Unemployment Insurance rate and unspent funds from 2020-21 result in approximately $1.1 M in funds that are available in 2021-22 and, if not spent, in future years.
Ongoing: Based on Census Day enrollment, the decrease in funding is expected to be $570,000 in 2022-23 and $415,000 in 2023-24
Ongoing: Based on actual staff in positions this fall, the savings in expenditures is expected to be $427,000, starting in 2021-22.

The budget gap of $1.4 million original projected at Budget Adoption can be addressed in 2022-23 with these adjustments, but persists in 2023-24.