CC AGENDA 09302003 - Laserfiche WebLink

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• D. Issues Presented: 1. Projected declining resident enrollment trends coupled with inequities in funding open enrollment students result in a revenue shortfall over the near and long term. Budget deficits are anticipated to occur in 2003-2004 and to continue in subsequent years. 2. Legal limits on the District's ability to fund revenue shortfalls render problematic the long-term funding of the District by further operating levies. Present law limits additional operating fund levies to approximately $150,000 per year. 3. Approximately 80%of the District's expenditures budget consists of staff-related costs. Mandated,unfunded programs and collective bargaining agreements limit the flexibility of the District to reduce such expenditures substantially in the present educational delivery system. 4. The District has carefully utilized its resources to maintain programs and facility operations,but has insufficient funding resources to refurbish aging curriculum materials,equipment and physical plant. E. Evaluation of Potential Funding Solutions: a. Additional school operating levy i. limited to approximately$150,000 annually • ii. District resident vote required to levy b. Capital projects levy i. $140,000 annual levy for curriculum materials and$180,000 technology annual levy possible ii. District resident vote required to levy. c. Health and safety levy i. $500,000 one-time levy available without District resident vote. d. Bond levy i. possibility of funding physical plan improvements by bonds of amounts limited only by the District's ability and willingness to vote affirmatively for levy. ii. District resident vote required. e. Restructuring or reconfiguring District operations. i. possibility of reducing staff and administrative costs through sharing resources or revising the educational delivery mechanism. ii. Board and administrative action required. Resident vote not required. •