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DISTRICT BUDGETING/REPORTING TIMELINE

Budget Report/Action	Board Adoption Date
Adopted Budget in place	no later than July 1
Unaudited Actuals (Prior Year)	by September 15
First Interim Report	by December 15
Annual Financial Audit	January/February
Second Interim Report	By March 15
LCAP/Budget Public Hearings	Prior to Adoption
LCAP/Budget Adoption	By June 30

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FISCAL CERTIFICATIONS FOR THE DISTRICT

The First Interim Report receives one of three certifications:

Positive: The District will meet its minimum financial obligations for the current year and the two subsequent years.
Qualified: The District may not meet its minimum financial obligations for the current year and the two subsequent years.
Negative: The District will not meet its minimum financial obligations for the current year and the two subsequent years.

Wright Elementary School District is presenting the 2021-2022 First Interim Report and is requesting approval with a Positive certification.

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REVENUE CHANGES SINCE BUDGET ADOPTION

LCFF Sources: Net increase of $557,239 due to increase in Concentration Grant percentage used in LCFF Calculator (50% to 65%).

Federal Revenue: Net increase of $1,564,201 due to addition of federal COVID funds not included in budget at time of Budget Adoption.

State Revenue: Net increase of $294,921 due to addition of state COVID funds not included in budget at time of Budget Adoption.

Local Revenue: No change since Budget Adoption.

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REVENUE BUDGET AT FIRST INTERIM

General Purpose – Property Taxes, Education Protection Account (EPA), State Aid
Federal – District must follow specific guidelines (Title I, Title III, federal COVID funds, etc.)
Other State – State funds not part of LCFF calculation (Lottery, Special Education, state COVID funds, etc.)
Local – Funds received from local sources (Interest, Donations, etc.)

TOTAL REVENUES - $23,715,392

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EXPENDITURE CHANGES SINCE BUDGET ADOPTION

Certificated Salaries: Net increase of $592,515 resulting from additional positions charged to COVID funds not included at time of Budget Adoption, coupled with increase in Concentration Grant percentage used in LCFF Calculator.
Classified Salaries: Net increase of $190,327 resulting from additional positions charged to COVID funds not included at time of Budget Adoption, coupled with increase in Concentration Grant percentage used in LCFF Calculator.
Benefits: Net decrease of $82,179 resulting from revised projections based on actual plan participation by staff.

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EXPENDITURE CHANGES SINCE BUDGET ADOPTION

Books & Supplies: Net increase of $89,650 resulting from expenditures charged to additional COVID funds not included at time of Budget Adoption, coupled with increase in Concentration Grant percentage used in LCFF Calculator.
Services & Other Operating Expenses: Net increase of $901,455 resulting from additional expenditures charged to COVID funds not included at time of Budget Adoption, coupled with increase in Concentration Grant percentage used in LCFF Calculator.
Other Outgo: No change since Budget Adoption.

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EXPENDITURE BUDGET AT FIRST INTERIM

Certificated Salaries - $8,158,336
Classified Salaries - $2,687,916
Benefits - $5,266,693
Books & Supplies - $734,881
Other Operating Exp. - $6,609,341
Other Outgo - $42,580

TOTAL EXPENDITURES - $23,499,747

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“COVID MONEY”

Grant Name	Budgeted	Encumbered	Expensed	Avail. Balance
ESSER II (CRRSA Act)	$884,857.00	$145,777.69	$142,616.88	$596,462.43
ESSER III (ARP)	$1,590,952.00	$867,208.88	$556,050.77	$167,692.35
ESSER III Learning Loss	$397,737.00	$0.00	$0.00	$397,737.00
ELO ESSER II State Reserve	$105,624.00	$0.00	$0.00	$105,624.00
ELO GEER II	$24,242.00	$0.00	$0.00	$24,242.00
ELO ESSER III State Res. Emergency	$68,855.00	$0.00	$0.00	$68,855.00
ELO ESSER State Res. Learning Loss	$118,694.00	$0.00	$0.00	$118,694.00
In-Person Instruction (IPI)	$383,836.00	$0.00	$0.00	$383,836.00
Expanded Learning Opportunities	$329,810.00	$0.00	$0.00	$329,810.00
ELO - Paraprofessionals	$70,136.00	$0.00	$0.00	$70,136.00

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CONTRIBUTIONS

Contributions from Unrestricted General Fund
Title III – Limited English Proficiency	$10,029.99
Title I Basic Grant	$37,946.00
Restricted Maintenance Account	$654,583.00
Special Education	$3,155,216.63

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DEFICIT SPENDING

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FUND BALANCE

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SUMMARY MYP – GENERAL FUND

	2021-2022	2022-2023	2023-2024

Total Revenues	$23,715,392	$18,494,742	$18,090,618
Less: Total Expenditures	$23,499,747	$19,464,274	$19,748,702
EXCESS/(DEFICIENCY)	$215,645	($969,532)	($1,658,084)
Less: Other Sources/Uses	($110,897)	($110,897)	($110,897)
Net Increase/(Decrease)	$104,748	($1,080,429)	($1,768,981)
Add: Beginning Fund Balance	$4,787,263	$4,892,011	$3,811,582
Ending Fund Balance	$4,892,011	$3,811,582	$2,042,601

Notes
*Projections include 2.0% step/column adjustments
*Projections include estimated rates in state pension for PERS and STRS
*One-time COVID funds are removed for 2022-23 and 2023-24 projections

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MOVING FORWARD

Be mindful of expenditures, especially increases, as this will affect the amount of the District’s deficit spending.
Work to reduce already-existing deficit in District’s budget.
Make sure one-time funds are used for one-time purposes. (“Don’t use one-time money for anything that eats.”)
Update MYP projections with information from Governor’s Budget Presentation in January.
Monitor use of “COVID Money” and submit expenditure reports when required.
Begin work on Second Interim updates.

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LOOKING AHEAD…

NOV

OCT

SEP

AUG

JUL

JUN

MAY

APR

MAR

FEB

JAN

DEC

2021-2022 First Interim presented to Board

2021-22 Annual Audit presented to Board

LCAP/Budget Public Hearing & Adoption Meetings

2022-2023 school year begins

Governor’s 2022-2023 Budget Presentation

2021-2022 Second Interim presented to Board

Governor’s “May Revise” Budget Update

Adopted LCAP and Budget to SCOE

2021-2022 Unaudited Actuals presented to Board

Begin work on 2022-2023 First Interim