Study of the Mount Diablo Unified School District - Mt. Diablo Unified ...

District Operations and Associated Financial EffectivenessEXHIBIT 2‐1MT. DIABLO UNIFIED SCHOOL DISTRICTCOMPARISON OF BUDGETED REVENUES AND EXPENDITURESFY 2008‐09 AND FY 2009‐102008‐09Budget2009‐10BudgetAmountIncrease/(Decrease)PercentIncrease/(Decrease)RevenuesRevenue Limit Sources $193,888,662 $174,716,743 ($19,171,919) ‐9.89%Federal Revenue 14,374,970 22,746,451 8,371,481 58.24%Other State Revenue 64,932,206 60,890,740 (4,041,466) ‐6.22%Other Local Revenue 6,640,021 8,454,135 1,814,114 27.32%Total Revenues $279,835,859 $266,808,069 ($13,027,790) ‐4.66%ExpendituresCertificated Salaries $134,620,012 $123,663,118 ($10,956,894) ‐8.14%Classified Salaries 43,995,221 40,242,768 (3,752,453) ‐8.53%Employee Benefits 52,872,412 53,707,432 835,020 1.58%Books and Supplies 13,925,311 12,773,291 (1,152,020) ‐8.27%Services and Other Operating Expenses 36,994,839 33,963,449 (3,031,390) ‐8.19%Capital Outlay 3,080,836 192,720 (2,888,116) ‐93.74%Other Outgo 1,455,622 3,434,397 1,978,775 135.94%Transfers of Indirect Costs (641,384) (764,223) (122,839) 19.15%Total Expenditures $286,302,869 $267,212,952 ($19,089,917) ‐6.67%Excess/(Deficiency) of Revenues overExpenditures($6,467,010) ($404,883) $6,062,127 ‐93.74%Transfers Out $1,608,393 – ($1,608,393) ‐100.00%Source: Mt. Diablo Unified School District, Department of Finance, 2009.Exhibit 2‐2 provides a summary of revenues for MDUSD. California school districts areallotted state funding referred to as “revenue limit.” Revenue limit, which accounted forover 65 percent of MDUSD’s total revenue for FY 2009‐10, is based on a state fundingformula. In general, revenue limit is based on per‐pupil funding amounts, supplemented byspecial allocations for free/reduced price meals for economically disadvantaged students,beginning teacher funding, and other sources. This per‐pupil allocation is then reduced bythe amount of a district’s local property tax revenues. The balance is then provided to eachdistrict.Other state revenue, which accounted for almost 23 percent of MDUSD revenues for FY2009‐10, includes special education funding, transportation funding, class size reductionfunding, and state grant awards.MGT of America, Inc. Page 2‐2