Background:
Staff will present a budget update based the State's signed budget which was different than the May Revise. The budget deal restores proposed cuts, however does not provide for growth or increased labor costs. The following program are restored to the 2019-20 funding level.
State LCFF Revenue (+ $352,069)
ASES (After School Education and Safety) (+ $142,875)
Preschool Programs (+ $67,506)
Lottery Funding is expected to decrease at least by 15% (-$137,215)
Additionally, the district anticipates receiving the following funding in addition to the restored programs to help with Learning Loss Mitigation.
Subset #1 for Students w/ Disabilities $1,120,803
Subset #2 based on Supplemental /Concentration grant $930,568
Subset #3 based on LCFF ADA $684,696
Total $2,736,067
Due to the unprecedented times we anticipate that there will continue to be changes and staff will continue to update the board.
Fiscal Implication:
$2,736,067 additional funds to be used towards Learning Loss Mitigation
$562,450 in the restoration of 19-20 funding
-$137,215 reduction in lottery funding
Recommended Action:
No action required.