2024-25 Proposed Budget By the numbers… Fiscal

Transcript:2024-25 Proposed Budget By the numbers… Fiscal:
2024-25 Proposed Budget By the numbers… Fiscal Services Monitor 142 LEA budgets totaling $24 Billion 175,000 Monthly payroll warrants for school staff at 98 LEAs 48% Specifically Funded Projects $291 Million 23% Administration & District Support $173 Million 19% Contracted Services & Entrepreneurial Programs $168 Million 10% Educational Programs $70 Million $702 Million ( (LACOE General Fund Budget) Budget Building Blocks – Key Assumptions State Cost of Living for Base Funding (LCFF) Negotiations open for all bargaining units Continued Declining Enrollment Countywide Increasing liability insurance rates Budget Annual Reductions for all Divisions All Vacancies budgeted as filled July 1 Updated Funding Model for JCS COP debt, assumed to be paid off June 2024 Departmental Budget - General Fund Development (page 1 of 3) Departmental Budget - General Fund Development (page 2 of 3) Departmental Budget – General Fund Development (page 3 of 3) Combined General Fund Multi-Year Projection Other Funds Starting Reserves: $0 Revenue: $26.5m Expenses: $26.5m Ending Reserves: $0 Starting Reserves: $0.37m Revenue: $87.6m Expense: $87.6m Ending Reserves: $0.37m Starting Reserves: $0 Revenue: $0.67m Expenses: $0.67m Ending Reserves: $0 Starting Reserves: $166.5m Revenue: $21.6m Expenses $ 0.0m Ending Reserves: $188.1m Fund 10.0 Special Education Pass-Through Fund 12.0 Early Head Start/ State Preschool Fund 16.0 Forest Reserve Fund Fund 17.0 Special Reserve (Pension & Accr. Leave) Starting Reserves: $12.9m Revenue: $ 0.0m Expenses: $5.7m Ending Reserves: $7.2m Starting Reserves: $31.9m Revenue: $ 0.0m Expense: $10.9m Ending Reserves: $21.0m Starting Reserves: $31.9m Revenue: $12.2m Expenses: $12.0m Ending Reserves: $32.1m Fund 35 State Funded Construction Fund 40 Special Reserve Capital Projects Fund 67 Actuarial Determined Self Insurance 2024-25 Proposed Budget