We feel like well have a good sense of whats in that budget. But we all in cases after the board adopted the budget we look at the assumptions from the statewide budget and recommended additions to the budget. The schools receive their final budgets in september and go through the revising in september and october. The books 2013 will be closed and the audited Financial Statement in december. This last bullet theres an error here sorry about that this should s should say the report is we wont go through those but well post those materials on the website and not everybody has obsessed on the lda. But we want to give you some Background Information so thank you. Thank you depth superintendent. First i didnt see any speaker items i want to thank you for this. Its such a more moving targeted. I want to say this has occurred to me and hopefully level to us in preparing for the next two weeks. But i realized over the years as weve tried to improve the form and information that one thing we d
encouraging increase of resources this year this is still climbing out of the basement which in terms of funding l there will be an increase and california still rates near the bottom of funding students. the next page shows the revenue funding which is about to be replaced for l d f funding. we re style funded at a level below not the adjust funding we were seeing in 2007 and 2008. and even though there s a lot of celebration and relief about this increase from 2013 to fourteen isn t a big dad and mom but in the big picture we re climbing out of 0 very deep hole. not to mention the green line which is where we should have been if colas had been funded every year. so when the state is projecting it will take 7 to 8 years public isn t aware of this the government reached an agreement and the legislature is expected to draft and pass a final budget by the end of this week and they need to do so to meet their deadline are face suspension of their own pay so evidentially expects
public isn t aware of this the government reached an agreement and the legislature is expected to draft and pass a final budget by the end of this week and they need to do so to meet their deadline are face suspension of their own pay so evidentially expects that to happen. the bill language as not been made available yet so we re going to pay close attention to the fine print. on page 13 s is our revised projections. it s for the rest of this year. just to highlight a few things we began this fiscal year with 578 point fund balance. we have right side that fall short of existences by $17 million. we expect to have the ending fund balance at 34 million which included two components just for simple terms the designated balance those are our required revenues and designated revenues of 15.5 million leaving a balance of 14.7 million. and even the budget year the beginning fund balance of $13.4 million we still have an imbalance between revenues and expenses that s reflected from
transportation cost due to a greater number of sites or if it s do to more settings. unfortunately, the state doesn t see to backfill the education cuts and that s not helping our situation either. the tier 3 resources were a topic of discussion. you ve already seen those numbers. and then in terms of next steps so what we hopefully, we will hear tonight and in the next several days is comments or questions from the commissioners. and we will be in lincoln mode tonight. we re happy to try to answer the questions i have but i think just to make a suggestion for you to consider next week s discussion a dedicated discussion but if the commissioners time to think about your questions or share them outside the meeting so we can be perpetrate to address them and prepare accordingly to next week s meeting. on june 18th we think the mayor will have signed the budget. wherever the budget is infected we feel like we ll have a good sense of what s in that budget. but we all in cases a
and what we ve done or choosing not to do and why we re choosing not to prior intents for the spending reductions conspires. yes. i want to thank very much for the comparison information. that makes it a lot richer. i agree there s more narrative. i have a few suggestion. first of all, when their pie chart if you could please put the pieces and the total amount. wherever you have a pie chart if you could indicate what the 1 hundred percent is. and it s so precise it doesn t have a breakdown of the students only 58 thousands. i think it would be helpful how many pre k and high school students we have. i was trying to circulate what the funds were in the area. that s because of all the great local funding. i found some of the shading so dark you couldn t make out the numbers. so if you could look at the right ability of pie charts. it would be helpful to have a list of appendixes going through 50 pages is not maybe a listings the schools and what page they re on and then