Brynn Bourke

This document provides an update from the Nevada City School District on its plan for preparing schools for the future by addressing aging facilities. The plan focuses on key areas including repairing and replacing outdated infrastructure, enhancing student safety through improved security and drop-off areas, upgrading technology, and ensuring accessibility for students with disabilities. The district is actively exploring funding options, such as a potential school improvement bond measure, to ensure safe and quality learning environments for current and future students.

The First Interim Report for Nevada City Elementary School District reviews the district's financial status as of October 31, 2023, and projects revenues and expenditures for the current and subsequent two fiscal years. Key discussion points include adjustments to the budget based on the Enacted Budget, the closing of the prior fiscal year, and other financial factors. The report also addresses significant changes since the adopted budget, such as emergency closure situations for the Expanded Learning Opportunities Program and clarifications regarding Transitional Kindergarten classroom enrollment thresholds. It outlines revenue sources, including property tax, Local Control Funding Formula (LCFF), federal revenue, other state revenue, and other local revenue, as well as expenditure adjustments for salaries, benefits, books, materials, supplies, services, and capital outlay. The report also discusses the district's fund balance, reserve, and other funds, including the Student Activity Fund, Cafeteria Fund, Deferred Maintenance Fund, Capital Facility Fund, and Special Reserve Fund for Capital Outlay Projects. Multi-year projections and assumptions are provided, highlighting potential deficits in future years and strategies to address them.

The report reflects the district's financial activity that occurred during the year, as well as the district's financial position as of June 30, 2023. It contains supplemental information concerning the District's activity in detail. Education Code requires districts to close their books and adopt the report of financial activities and positions by September 15th of each year for the preceding fiscal year. Actual P-2 regular ADA was 592.12, which is an increase of 11.86 from 2021-2022. District of Choice ADA was 38.52, which was an increase of 4.77 from 2021-22. Property taxes received during the fiscal year were $9.9M, which was an increase of approximately $659K from the prior year. The district's 2022-23 General Fund had a surplus of $873K: the unrestricted portion of increase is $108K and the restricted portion is $765K.

The adopted budget for the Nevada City School District for the year 2021-2022 includes budget highlights and assumptions regarding overview and state of the district, enrollment, revenue, and expenses. It also includes multi-year highlights and assumptions, fund information, and local control funding formula worksheet.

The First Interim report is a snapshot of the local educational agency's revenue and expenditure forecasts for the current fiscal year and a projection of the two subsequent fiscal years. Significant changes since the adopted budget include LCFF base grant increases, amendments to LCFF calculation, establishment of the Learning Recovery Emergency Block Grant and the Arts, Music, and Instructional Material Discretionary Block Grant, full funding of the Expanded Learning Opportunities Program (ELOP), home-to-school transportation funding, and kitchen infrastructure grants. The report also covers key assumptions and facts related to enrollment, revenue sources, and expenditure.