Hacienda La Puente Unified School District

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Hacienda La Puente Unified School District

• May Revise
• Regular Board Meeting May 22, 2003

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Overview of the May Revision
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May Revise Overview

• States deficit grows from 34.6 billion to 38.2
  billion
• Updated forecast of 2002-03 state tax collections
  shows 400 million shortfall
• Proposition 98 minimum guarantee declined, but
  the Governor proposed no further mid-year cuts
  for 2002-03

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Proposition 98 Funding per ADA

• Per the Governor

6,869
Increase of 231 or 3.5
6,638
2003-04
2002-03
School Services of California
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Proposition 98 Funding per ADA

• What the Governor isnt showing

7,067
7,067
429 per ADA cut from State Budget as adopted
Still 198 below 2002-03 Adopted Budget Level
6,869
6,638
2003-04
2002-03
School Services of California
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Looking Back at 2002-03
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2002-03 Three Rounds of Fiscal Impact

• Round One - Funding Deferrals
• Supplemental Grants (100)
• Targeted Instruction Improvement Grants (25)
• Transportation (26.9)
• School Improvement Program (26.9)
• These will be paid in early 2003-04

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Round One Funding DeferralsImpact to HLPUSD
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Round Two Mid-Year Cuts

• Round Two - Mid-Year Reductions

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Round Three Mid-Year Cuts

• Round Three - Mid-Year Reductions
• 113.2 million in additional swaps
• (Unspent Proposition 98 funds from prior year
  used to replace 2002-03 appropriations)
• 48.7 million deferral of Staff Development
  Buyback Program (21 of 2002-03 funding, roughly
  150,000 to HLPUSD)

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Bridging the Budget Gap
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Governors 03/04 Proposal(in billions)
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Revenue Limit

• Governor proposes a Zero COLA
• Originally proposed in January 2003 budget
• Statutory COLA of 1.86 not funded (88 per ADA)
• In May Revise, Governor proposes additional cuts
• 1.2 reduction to revenue limit income (58 per
  ADA)
• No Equalization Aid (49.15 per ADA)
• The combined reductions equal approximately 4.5
  million to HLPUSD

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Fully Funded Programs(but no COLA)

• Class Size Reduction
• Special Education (plus growth funding)
• Accountability (II/USP High Priority Schools
  Grants)
• Child Nutrition
• School Safety

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Realignment Deferral

• Child Care Realignment Proposal has been
  deferred to 2004-05

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Additions
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General Fund UnrestrictedCuts
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Categorical Program Cuts
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Other Funds - Cuts
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Dates to Watch!
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Important Dates

• State
• Legislature must pass Budget bill by
• June 15
• Governor must sign Budget bill by
• June 30
• HLPUSD
• Approved 2003-04 in place by July 1
• The district has 45 days after Governor signs
• 2003-04 State budget to submit budget revisions

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Questions