The Santa Monica-Malibu Unified School District board adopted a $114.9 million budget for fiscal year 2008-09 at a meeting late last month.
While the district’s revenue is projected at $112.2 million, the district’s expenses are estimated at $114.9 million, which means the district is expected to spend $2,6 million more than it takes in and will likely dip into its reserves.
There have not been any significant changes to the budget since its last revision, said the district’s chief financial officer (CFO) Jan Maez.
However, the district expects to prepare a 45-day revision of the budget after the state budget is approved and signed by the governor.
General fund revenues, in millions, include:
… $4.1 from the federal government;
… $17.3 from other state revenue;
… $10.2 from Measure R parcel tax;
… $7.4 from the City of Santa Monica; and
… $4.7 from the Parent Teacher Association (PTA) and other local income.
General fund expenditures, in millions, include:
… $99.7 for salaries and employee benefits;
… $3.6 million for books and supplies; and
… $11.4 for services and other operating expenses.
“By and large, this is a very healthy and very positive budget,” said Santa Monica Malibu Classroom Teachers Association (SMMCTA) union president Harry Keiley. “Despite many challenges on the state level [Ö] we are in a very, very good state.”
However, Keiley did note that he thought the district had been “too aggressive” over the past four years with cuts of 51 full-time teaching positions, compared to only four administrators.
The budget reflects a decrease of 21.25 full-time-equivalent (FTE) teachers as a result of an anticipated decline in student enrollment of 340. The decrease in students results in about a $1.9 million reduction in revenues received.
The district enrollment has decreased over the past three years — a result of a more restrictive district policy with the goal of reducing overcrowding in Santa Monica-Malibu schools.
Enrollment is projected to continue declining and the district anticipates a reduction of another 13 full-time teachers in fiscal year 2009-10.