Palos Verdes Peninsula Unified School District 2019 20
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Palos Verdes Peninsula Unified School District 2019 -20 Unaudited Actuals September 9, 2020
Annual Budget Reports 2 June – Adopt budget for new fiscal year September – Actuals for prior fiscal year December – First Interim Report March – Second Interim Report
Budget Comparison-General Fund 3 2019 -20 Adopted Budget 2019 -20 Estimated Actuals 2019 -20 Unaudited Actuals Revenues $127. 9 M $134. 9 M $135. 1 M Expenditures $129. 6 M $136. 1 M $134. 9 M Net ($1. 6 M) ($1. 2 M) $. 2 M
2019 -20 Adopted Budget vs Estimated Actuals 4 Revenues � $7. 0 M increase $4. 9 M Revenues from Fund 63 operations $1. 5 M Gifts $. 6 M ASCIP W/C rebate Expenditures � $6. 5 M increase $5. 6 M Expenditures from Fund 63 operations $1. 5 M Gifts $. 8 M Prior year carryover ($. 6 M) Special Ed excess costs ($. 4 M) salaries and benefits (subs, extra hours, OT) ($. 3 M) Legal fees
2019 -20 Unaudited vs Estimated Actuals 5 Revenues � $. 2 M increase LCFF, Lottery, Community Services, Kids’ Corner, Enrichment, preschools Expenditures � $1. 2 M decrease $. 8 M salaries and benefits ($1. 1 M) other services (transportation, NPS/NPA, legal fees, utilities, consultants, gifts) ($. 9 M) materials and supplies (lottery, gifts, local grants)
Revisions to 2020 -21 Budget 6 Expenditures � 2019 -20 carryover $. 5 M site gifting $. 2 M local grants, Title I
Next Steps 7 September 23, 2020: Budget revision for CARES Act funds December 9, 2020: 2020 -21 First Interim Report March 10, 2021: 2020 -21 Second Interim Report
