Adopted by the Carlsbad Unified Schoo

1. 2012-13 Budget
Devin Vodicka, EdD
Assistant Superintendent, Business Services

2. Background
• Public Hearings held at Board Meeting on June 13, 2012
regarding Tier III Flexibility
6/21/2012
• Additional Public Hearing on June 27, 2012
• Budget Assumptions approved at Board Meeting on June 13,
2012
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3. Current Information
• CA State Budget not yet finalized as of June 21
• Property Tax estimate updated on June 18
6/21/2012
• Reduction of 1.24%
• Reduction includes addition of approximately $50k in
Redevelopment Taxes (RDA)
• Earlier estimate was reduction of .24%
• Sweep site funds into reserves pending November election
• 100% of EIA
• 50% of Tier III
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4. Current Information
• Governor’s November Tax Initiative
• Projected cut of $441 per ADA in 2013-14
6/21/2012
• Negotiations settled for 2012-13
• Contingency and restoration language
• Use of Blue Shield “credit” to mitigate pay cuts for certificated
and management
• LIUNA portion of Blue Shield “credit” still in reserve
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5. Other Funds
• Sweeping $140k from Food Service to General Fund
• Sweeping $100k from Self-Insurance Fund
6/21/2012
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6. Summary
• Balanced Budget for 2012-13 relies on deficit spending of $5
million
6/21/2012
• Projected deficits in outer years:
• 2013-14: $11.163 million
• 2014-15: $10 million
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7. 6/21/2012
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8. 6/21/2012
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9. 6/21/2012
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10. Outlook 2013-14 Expenditure Total is
AFTER unspecified reduction of
$11,163,885
$90,000,000.00
$80,000,000.00
6/21/2012
$70,000,000.00
$60,000,000.00
$50,000,000.00
Dollars
$40,000,000.00
$30,000,000.00
$20,000,000.00
$10,000,000.00
$-
2011-12 2012-13 2013-14
Ending Balance $8,657,957.00 $3,628,238.00 $2,976,284.00 10
Total Revenues $74,880,718.00 $72,265,640.00 $70,162,635.00
Total Expenditures $81,270,450.00 $77,295,395.00 $70,814,590.00

11. Strategy Recommendations
• Continue to aggressively pursue savings
• Vacancies
6/21/2012
• Examination of expenses
• Continue to aggressively pursue revenue generation
• Rentals/Lease
• Facility Use
• Preschool
• Continue to foster interagency partnerships
• City of Carlsbad
• Carlsbad Educational Foundation
• PTA/PTSA
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• Continue to communicate financial information to community

12. Recommendation
• It is respectfully recommended that the Board of Trustees
discuss and adopt the proposed Annual Budget
6/21/2012
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