SADDLEBACK VALLEY UNIFIED SCHOOL DISTRICT

1
SADDLEBACK VALLEY UNIFIED SCHOOL DISTRICT

• MAY REVISE for 2008-09

2
PLANNING for 2008

• Governors Revised State Budget Proposals
• Revised Reductions needed to maintain solvency
• Timeline

3
States Fiscal Woes

• Leading Indicators still negative
• Job growth is flat
• Personal Income projected lower
• CPI was 2.6 now at 3.4
• State Credit Rating is 49th out of 50 states
• State budget shortfall projected to be 17
  billion 500 for every person in California vs
  2800 in Revenue

4
May Revise for Education

• COLA has increased to 5.66 from 4.94 but still
  not funded
• Deficit to Revenue Limit and Special Education
  have been removed
• ALL other State funding receives no COLA and
  reduced funding (-5.66 plus -6.5 -12.12
• Flexibility Options no new revenue, bipartisan
  support?

5
Impact of Governors May Revise on SVUSD Revenue

• Eliminate COLA (-4.94 5.66) plus reduction in
  funding (-2.05) -12,569,058 -8,144,064
• Reduce Special Ed funding -1,975,940 -265,334
• Reduced funding for other programs i.e. Summer
  School, CSR, Transportation etc. -1,628,183
• SVUSD also has less students -2,400,000 and
  cost increases -726,819
• TOTAL -19,300,000 -13,164,400

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Adding 6.1 million

• Preserves 90.5 fte.
• Elementary Programs Option One CSR in 1st grade,
  LAAP, Instrumental music and school site
  administration
• Intermediate Programs Assistant Principals
• High School Programs IB, 7 period day, some
  Librarians, Activity Directors and Assistant
  Principals
• No rollback in salaries, District Receptionist
  DistrictDreceptioReceptionistpreservefiscal
  status i.e. a district that can meet its
  financial obligations for the current year plus
  the following two years....reductions in expenses
  are required.
• For SVUSD 19,300,000 in reductions must be made!

7
Unfortunately...

• Still eliminating over 150 fte.
• Loss of Choral music, some CSR, Librarians,
  Secretaries, Clerks, Custodians
• Reduced Graduation requirements and reduced
  School Site funding
• Major reductions in Centralized Services - IRC,
  Surplus Warehouse, Delivery, Print Shop,
  Textbooks...

8
Still to Come...

• Must adopt our budget by June 30th (mtgs. 6/10,
  6/24)
• Governors Revenue proposals (borrowing against
  Lottery income vs. increased sales tax)
  considered D.O.A.
• Legislative Analyst proposes more current year
  reductions nearly impossible
• Predictions are for a protracted budget debate
• Consider the May Revise the floor not the
  ceiling -Kevin Gordon, CEO School Innovations
  and Advocacy