6-17-14 Special Board Meeting and Public Hearing

R E V I S E D* PLEASE POST 6-13-14 SIMI VALLEY UNIFIED SCHOOL DISTRICT BOARD OF EDUCATION NOTICE OF SPECIAL BOARD MEETING AND TWO PUBLIC HEARINGS 1) LOCAL CONTROL AND ACCOUNTABILITY PLAN (LCAP); and, 2) 2014/2015 PROPOSED BUDGET The President of the Board of Education hereby calls a Special Meeting in accordance with Board of Education policy, Education Code Section 35144 and Government Code Section 54956 to be held: DATE: TUESDAY, JUNE 17, 2014 TIME: 5:30 P.M - 7:00 P.M. PLACE: Floyd Binns Room 875 Cochran Street Simi Valley, CA OPEN SESSION Convene Meeting Flag Salute CONVENE CLOSED SESSION* 1. The Board of Education will meet in closed session in accordance with provisions in Government Code Section 54957, Public Employment Matters – Appointment – Dean Mountain View Elementary ADJOURN CLOSED SESSION* CONVENE LCAP PUBLIC HEARING 1. The Superintendent of the Simi Valley Unified School District gives written notice in accordance with Education Code 60119 that a public hearing will be held at Simi Valley Unified School District on the Local Control Accountability Plan (LCAP) as addressed in Educational Services, Information #1 Staff Report 2. Staff Report on LCAP (Educational Services Information #1 with slides*) 3. Public Comments 4. Board Comments/Questions CLOSE LCAP PUBLIC HEARING CONVENE 2014-2015 PROPOSED BUDGET PUBLIC HEARING 1. The Assistant Superintendent of Business & Facilities gives written notice in accordance with Board Policy that a Public Hearing will be held at the special meeting of the Board of Education of the Simi Valley Unified School District regarding the 2014-2015 Proposed Budget. 2. Staff Report on 2014-2015 Proposed Budget 3. Public Comments 4. Board Comments/Questions CLOSE 2014-2015 PROPOSED BUDGET PUBLIC HEARING ADJOURN MEETING NOTICE: The School District accommodates individuals with disabilities. Forty-eight hour advance notice is required to meet special needs for public meetings. Upon written request, materials in alternate formats will be provided for individuals with disabilities. Please contact the Superintendent’s Office, 306-4500 X4002.

SIMI VALLEY UNIFIED SCHOOL DISTRICT 2014 – 15 PROPOSED BUDGET

2014 – 15 Proposed Budget School districts throughout California are required to pass their Annual Budget prior to July 1. The Proposed Annual Budget is based on information contained in the Governor’s January Proposed State Budget and the Governor’s May Revision. This Proposed Annual Budget is only a “place holder” budget. The District will be required to adopt a revised budget after the legislature has approved a State Budget and the Governor has signed the budget.

∗ 2014-2015 LCFF Funding - $122,021,014 ∗ LCFF Target – 149,540,763 ∗ C.O.L.A. 0.86% ∗ Unduplicated Count Percentage 33.61% ∗ Supplemental Funds $9,140,729 ∗ Projected Enrollment 17,935 ∗ Decrease of 418 students from current year ∗ Funded ADA 17,560 ∗ Decrease of 555.79 ADA BUDGET ASSUMPTIONS

∗ Lottery - $156 per ADA ∗ Unrestricted $126 ∗ Restricted $ 30 ∗ Health & Welfare Increases ∗ PPO 11.54% ∗ Blue Cross HMO 3.08% ∗ Kaiser HMO Rate Pass ∗ Worker’s Comp – 0.5% Increase - $359,694 ∗ Step $862,690 ∗ Adult Education Transfer to Unrestricted General Fund $2M ∗ STRS (8.25% to 9.5%) & PERS (11.442% to 11.771%) BUDGET ASSUMPTIONS

∗ Budget Reductions - Personnel ∗ Certificated Personnel ∗ Reduction due to enrollment of 38 Teacher positions ∗ Decrease K-3 class size at the Title Schools ∗ Classified ∗ Several Vacant Positions have not been filled BUDGET ASSUMPTIONS

∗ Assumptions ∗ K-3 Class Size Reduction – 26:1 ∗ 3 furlough days ∗ Class Size Secondary Schools 185 Student Contacts per day ∗ Health & Welfare – Plan Changes / Employee Contribution ∗ Retiree Savings ∗ All Assumptions are subject to change based on Ending Fund Balance, State Budget and Negotiations BUDGET ASSUMPTIONS

REVENUE REVENUE SOURCE AMOUNT % + / - LCFF $122,021,014 +5.00% Federal $5,473,340 -15.4% Other State $4,777,507 -51.2% Local $10,444,982 -12.8% Total $142,716,843 -1.2%

EXPENDITURES ITEM AMOUNT % + / - Certificated Salaries $64,445,988 -6.1% Classified Salaries $25,403,554 4.4% Employee Benefits $37,446,656 4.8% Books & Supplies $4,376,979 -17.0% Services $11,998,105 -5.5% Capital Outlay $283,696 -76.0% Other Outgo $250,978 -0.9% Transfers -($234,567) -14.1% Other Financing Uses $655,885 0.0% TOTAL $144,627,274 -2.6%

MULTI – YEAR PROJECTION DESCRIPTION 2014/2015 2015/2016 2016/2017 Revenues $142,716,843 $146,636,118 $147,215,314 Expenditures $144,627,274 $146,866,183 $147,271,652 Net Increase (Decrease) ($1,910,431) ($230,065) ($56,337) Begin. Balance $10,605,353 $8,694,922 $8,464,857 Ending Balance $8,694,922 $8,464,857 $8,408,519 Designated Reserves $3,944,962 $3,944,962 $3,944,962 Mandated Reserves $4,338,818 $4,405,985 $4,418,149 Undesignated Balance $411,142 $113,910 $45,408

2015-16 ∗ K-3 Class Size 26:1 ∗ Secondary Class Size 185 Student Contacts ∗ Medical Benefits adjusted to help reduce increases ∗ Retiree Savings - PARS: $320,000 ∗ Reduce 15 FTE, Declining Enrollment: $1,446,573 ∗ All Assumptions are subject to change based on Ending Fund Balance, State Budget and Negotiations MULTI-YEAR ASSUMPTIONS

2016-17 ∗ K-3 Class Size 26:1 ∗ Secondary Class Size 185 Student Contacts ∗ Medical Benefits adjusted to help reduce increases ∗ Retiree Savings - PARS: $320,000 ∗ Reduce 15 FTE, Declining Enrollment: $1,462,442 ∗ All Assumptions are subject to change based on Ending Fund Balance, State Budget and Negotiations MULTI-YEAR ASSUMPTIONS

OTHER FUNDS FUND FORM NUMBER BEGINNING FUND BALANCE REVENUE EXPENSE ENDING FUND BALANCE ADULT EDUCATION 11 $1,537,327 $6,028,815 $6,082,274 $1,483,868 CAFETERIA 13 $1,586,825 $4,701,000 $4,721,007 $1,566,818 DEFERRED MAINTENANCE 14 $1,341,865 $602,000 $75,028 $1,868,837 BUILDING FUND 21 $59,709,984 $1,336,165 $13,850,496 $47,195,653 CAPITAL FACILITIES 25 $7,518,055 $329,500 $1,319,660 $6,527,895 COUNTY SCHOOL FACILITIES 35 $448,034 $3,500 $451,534 -0- SPECIAL RESERVE 40 $1,626,542 $658,385 $50 $2,284,877 BOND INTEREST/REDEMPTION 51 $9,443,364 $9,909,292 $10,055,564 $9,297,092 SELF INSURANCE 67 $86,241 $17,852,492 $17,776,782 $161,951

The 2013/14 ending fund balance may change on these funds. The district will close the books on these funds prior to September 15, 2014. Any remaining balances will be reflected in the ending fund balance. The changes will be made in Budget Revision or the 1 st Interim Report 2014 – 15 PROPOSED BUDGET

∗ State Budget Changes - Trailer Bills ∗ Health & Welfare Cost Increases ∗ Cost Avoidance Strategies ∗ Trust – ASCIP ∗ Column Increases ∗ 2015-16 and 2016-17 Fiscal year ∗ Declining Enrollment ∗ School Closure/Consolidation AREAS TO BE ADDRESSED