Professional Documents
Culture Documents
July 2006
July 2006
TO:
Business Administrators Los Angeles County School Districts, Regional Occupational Centers/Programs (ROC/Ps), and Joint Powers Agencies (JPAs) Emmanuel Ogunji, Assistant Director Financial Management Services Division of Business Advisory Services Josie Lomack, Assistant Director Accounting, Disbursements, and Financial Systems Division of School Financial Services
FROM:
SUBJECT:
The Los Angeles County Office of Educations (County Office) budget revision process, as described in this bulletin, is intended to expedite the processing of budget revisions, provide accurate budget and financial information, and facilitate the posting of unaudited actual and audit adjustments. This bulletin also describes an optional procedure that local educational agencies (LEAs) may choose to follow, allowing governing boards to delegate administrative authority to district staff in certain circumstances. We urge districts to carefully review the section of this bulletin titled Optional Processing by Board Resolution Delegating Administrative Authority on page 4 for further details. LEGAL REQUIREMENTS General Provisions Budget adjustment and budget transfer conditions are addressed in Education Code (EC) Sections 4260042603, and 42610. According to EC Section 42600: The total amount budgeted as the proposed expenditure of the school district for each major classification of school district expenditures listed in the school district budget forms . . . shall be the maximum amount which may be expended for that classification of expenditures for the school year.
In addition, EC Section 42600 also specifies that: Transfers may be made from the designated fund balance or the unappropriated fund balance to any expenditure classification or between expenditure classifications at any time by written resolution of the board of education of any school district governed by a board of education, when filed with the county superintendent of schools and the county auditor, or by written resolution of the board of trustees of any school district not governed by a board of education, when approved by the county superintendent of schools and filed with the county auditor. A resolution providing for the transfers specified in this section shall be approved by a majority vote of the members of the governing board. This provision is interpreted to mean that all budget adjustments and budget transfers should be approved at official meetings of the districts Board of Education/Board of Trustees prior to submission to the County Superintendent of Schools. In addition to the budget adjustment and budget transfer procedures of EC Section 42600, EC Section 42601 provides a process for districts which, at the close of any school year, permits the county superintendent to: . . . make the transfers between the designated fund balance or the unappropriated fund balance and any expenditure classification or classifications, or balance any expenditure classifications of the budget . . . as necessary to permit the payment of obligations of the district incurred during that school year. While this provision may assist districts in expediting certain year-end adjustments and transfers, including revising the budget to generate estimated actual or unaudited actual data, districts are reminded that such actions require the approval of the districts governing board. Therefore, prior to requesting that the county superintendent process any year-end adjustments or transfers, a district should submit a copy of its governing boards resolution authorizing this procedure to the County Office. Collective Bargaining Provisions Districts are also reminded of the legal requirements for submitting the budget revisions necessary to cover the costs of collective bargaining agreements, as reflected in EC Section 42142, and the consequences of not meeting this obligation prior to a districts submission of its next interim financial report, as provided in Government Code Section 3547.5, which states: If a school district does not adopt all of the revisions to its budget needed in the current fiscal year to meet the costs of a collective bargaining agreement, the county superintendent of schools shall issue a qualified or negative certification for the district on the next interim report pursuant to Section 42131 of the Education Code.
Budget Revision Process for 2006-07 July 14, 2006 Page 3 BUDGET REVISIONS Standard Processing Using Form Nos. 503-056-A and 503-057-T There are two distinct types of budget revisions that require districts to use different manually prepared forms. Both types of revisions require districts to enter the related transactions into the PeopleSoft Financial System (PSFS), and obtain approval from the Divisions of Business Advisory Services (BAS) and/or School Financial Services (SFS). The budget revision forms and basic transactions are summarized below. Budget Adjustment Summary Form No. 503-056-A (Enclosure No. 1) Use this form to: change the overall total of estimated income resulting from increases or decreases identify and make adjustments between revenue objects or between different resource codes within revenue objects, including adjustments that result in no change in the fund balance change the overall total of estimated appropriations for a fund resulting from increases or decreases identify and make changes, i.e., increases or decreases, in the fund balance increase, decrease, or change the components of the ending fund balance designate portions of the fund balance transfer resources between different funds (a transfer-out from one or more funds must have a corresponding transfer-in to one or more funds, and be reflected on separate 503-056-A forms)
Submit Form No. 503-056-A directly to BAS for review and approval. Districts must enter the Journal Entry Budget Revision into the PSFS for further processing by SFS upon approval. Budget Transfer Summary Form No. 503-057-T (Enclosure No. 2) Use this form only to redistribute appropriations between objects or between different resource codes within objects where the total changes in revenues, expenditures, transfers, and other financing uses must always net to zero and will result in no change in the fund balance. Submit the 503-057-T form directly to SFS for review and approval and further processing. Districts must enter the Journal Entry Budget Revision into the PSFS.
A one page reference guide (Enclosure No. 3) provided with this bulletin displays examples of the various possible budget revision scenarios and the proper revision form to be used in each situation.
Please note that budget adjustments or transfers cannot be approved by the County Office until the districts budget is frozen. Budget adjustments and transfers should be entered in PSFS before submitting the appropriate form to the County Office. These transactions are held in suspense in PSFS until they are approved. Following review and approval by the County Office, SFS will release the transactions held in suspense and post them to the districts PSFS financial records. Optional Processing by Board Resolution Delegating Administrative Authority The governing board of a district may adopt a formal resolution allowing their administrative staff to process certain budget adjustments and transfers and submit them to the County Office prior to their individual approval by the board. However, any district that considers implementing this option should carefully weigh all of its fiscal implications, including setting well-defined guidelines and parameters on the amounts and kinds of adjustments and transfers that district staff may process. Such guidelines should include limiting this authority to the routine transfer of amounts between objects of expenditure within funds and between funds, as necessary, to facilitate the payment of district obligations and to effect technical adjustments related to the budget. Other non-routine adjustments and transfers, such as revenue increases or decreases and the related offsetting impact to expenditures and/or fund balance, transactions involving other sources and uses, interfund transfers, or transactions exceeding a prescribed dollar amount, should continue to be processed and approved directly by the governing board. In addition, to ensure that this practice does not become unmanageable, the County Office has established the following delegation of authority guidelines: Delegation of Budget Adjustment and Transfer Authority Guidelines In order for a district to utilize the delegation of authority option, the districts governing board must annually adopt and file with the County Office an original resolution delegating budget adjustment and transfer authority to the superintendent and staff of the district. The approval of this resolution by the County Office shall be required prior to any budget adjustments or transfers being processed by a district under the delegation of authority. The governing board resolution authorizing this delegation of authority to staff must define, by types of budget adjustments and transfers, funds, and dollar limitations, if any, those adjustments and transfers that may not be directly processed by the districts staff. All budget adjustments and transfers processed by the districts staff must be entered into the PSFS and submitted to the County Office for approval on the appropriate budget revision summary form, e.g., Form Nos. 503-056-A or 503-057-T. The district should indicate on the revision form the date on which the governing board approved the written resolution establishing the delegation of authority to staff. This date should be used in the section of the form requesting the date of the revisions approval. During formal board meetings, the governing board must ratify/approve all budget adjustments and transfers not previously board-approved but processed by staff under the delegation of authority.
Budget Revision Process for 2006-07 July 14, 2006 Page 5 This must be done at least three times annually, i.e., with the First Interim Report, Second Interim Report, and the Unaudited Actuals and not later than June 30. A district using this delegation of authority shall submit copies of the board meeting agenda, minutes, and/or resolutions documenting the ratification/approval by the governing board to BAS within 30 days of the board meeting to ratify/approve budget adjustments and transfers processed by the districts staff. The adjustments and transfers approved by the board should be identified by transaction numbers, dates, and amounts. Enclosed with this bulletin is a sample resolution (Enclosure No. 4) that districts may choose to use for the governing boards delegation of administrative authority to process budget revisions, adjustments, and transfers.
Cautionary Reminder Please note that the implementation of this optional procedure does not imply or indicate a means of bypassing Education Code requirements, County Office procedures for school districts obtaining governing board approval, or County Office approvals of budget revisions. In addition, this procedure does not relieve school districts from the timely submission of the standard budget revision documents and forms, or initiating the necessary data input to the PSFS in support of the budget revisions submitted under the provisions of the governing boards written resolution. New Option for Correcting Budget Coding Errors Recognizing that corrections of budget resource coding errors are sometimes necessary in order to accurately reflect program classifications, the County Office has developed the enclosed Budget Coding Error and Correction Summary (Form 503-024-BCE) (Enclosure No. 5). This form is to be used exclusively for the purpose of correcting, approving, and processing budget resource coding errors within the same object code that do not require governing board resolutions. Districts should use this form to record and process corrections of coding errors posted to the PSFS, upon the approval of the districts superintendent, assistant superintendent of business (chief business official), and director of fiscal services. Districts should enter the Journal Entry Budget Coding Error Correction into the PSFS, and then submit the completed Form 503-024-BCE to SFS for review, approval, and further processing. TIMELINES It is the responsibility of the district to identify and process transfers between classifications, adjustments in revenues and/or expenditures, and budget coding and error corrections in a timely manner. The County Office recommends that each district establish a process for approval of budget adjustments/transfers as well as budget coding and error corrections through their governing board on a regular basis and in a timely manner so that all suspense items in PSFS can be cleared within a 30-day period.
Year-End Budget Revisions The districts Board of Education/Board of Trustees must approve budget adjustments and budget transfers for 2006-07 during the fiscal year, before June 30, 2007, but no later than the date by which the governing board approves the 2006-07 unaudited actuals. Estimated Actual Adjustments Subsequent to the adoption of the annual budget, the Education Code requires governing boards to periodically review their budgets during the fiscal year and to approve corresponding financial reports, including the estimated actuals developed in conjunction with the adopted budget, the year-end unaudited actual report, and the First and Second Interim Reports. The CDEs financial reporting software is able to record (upload) a districts budget in respective columns reflecting these various reporting periods. Districts that regularly review their budget to ensure that it is in technical agreement with the requirements of the Standardized Account Code Structure (SACS) will help facilitate the speed and accuracy of the automatic upload process. With this in mind, SFS issued Informational Bulletin No. 511, dated June 17, 2003, titled Budget Revision Upload. This bulletin outlines a process that streamlines the budget adjustment upload into PSFS. Periodic budget revisions are essential for the monitoring of a districts financial condition and to ensure that the budget accurately reflects the estimated revenues and expenditures for the fiscal year. Unaudited Actual Adjustments For single budget adoption districts, variances usually exist each year between the estimated fund balances submitted with the July 1 adopted budget and the fund balances submitted with the unaudited actual reports. These fund balance adjustments must be resolved annually by districts in the form of board-approved budget revisions, using Form 503-056-A. Districts will be notified of these differences by BAS in an Informational Bulletin planned for November 2006. At that time, each district will be asked to verify these differences and make all budget adjustments necessary to reflect the increases/decreases in fund balances. We request that these adjustments be included in the First Interim Report, even if the budget adjustment forms and data input were not prepared and recorded until after October 31, 2006. Annual Audit Adjustments When districts annual independent audits are completed in December, differences may exist between fund balances submitted with the Unaudited Actual Report and those determined to be correct by the districts independent auditor. In December 2006, SFS will issue its annual bulletin requesting that districts enter all 2005-06 audit adjustments in PSFS by January 31, 2007. This deadline is necessary to allow for the inclusion of these adjustments in the Second Interim or PSFS Reports.
Budget Revision Process for 2006-07 July 14, 2006 Page 7 This bulletin and its enclosures are posted at the County Office Web site at the following address: www.lacoe.edu Please select Bulletins on the left side of the screen under the heading LACOE Libraries, and then use the Search function to locate a bulletin by number or keyword. If you have questions regarding this bulletin, please call Mr. Emmanuel Ogunji at (562) 922-6132, or Ms. Josie Lomack at (562) 922-6416. If you have any questions regarding how to complete the enclosed forms, please call the Business Services Consultant assigned to your district (Enclosure No. 6). If you have questions regarding entries to the PSFS, please call the General Accounting Officer, Ms. Joyce Yeh, at (562) 922-6880, or the accounting technician assigned to your district (Enclosure No. 7). Approved: Deborah L. Simons, Director Division of Business Advisory Services Kenneth Shelton Assistant Superintendent Business Services EO:jj Enclosures Informational Bulletin No. 4 BAS-4-2006-07
Division of Business Advisory Services 9300 Imperial Highway Downey, CA 90242-2890 Submit to Business Advisory Services -- EC Room 212
DISTRICT (UNIT) NUMBER GL JOURNAL ID NUMBER FUND NUMBER
A.
Budget Adjustment
Increase (Decrease)
1. Revenue Limit 2. Federal 3. State 4. Local 5. Interfund Transfers In 6. Other Financing Sources 7. Programs
Contributions to Restricted
8. Total Revenues/Other Financing Sources B. Expenditures/Other Financing Uses Object Code 1000-1999 2000-2999 3000-3999 4000-4999 5000-5999 6000-6999 7100-7299 7300-7399 7400-7499 7610-7629 7630-7699 12. Total Expenditures, Transfers and Other Uses Resource Code (Optional)
$
Budget Adjustment
Increase (Decrease)
1. Certificated Personnel Salaries 2. Classified Personnel Salaries 3. Employee Benefits 4. Books and Supplies 5. Services, Other Operating Expenses 6. Capital Outlay 7. Other Outgoing 8. Direct Support/Indirect Costs 9. Other Debt Services 10. Interfund Transfers Out 11. Other Financing Uses
$ $
NOTE: If C is zero, go to narrative section on reverse side of form. Narrative and certification sections must be completed.
DISTRIBUTION: Original to Business Advisory Services; Copy to School Financial Services - Accounting Section; Copy returned to district upon approval.
Form No. 503-056-A Page 1 of 4 Rev. 08-27-2004
Object Code
Resource Code
Revision
Increase (Decrease)
9711
9712 9713 9730 9740 9740 9740 9740 9740
Total Reserved Amounts 2. Designated Amounts a. For Economic Uncertainties a. For Economic Uncertainties a. For Economic Uncertainties a. For Economic Uncertainties a. For Economic Uncertainties b. For Other: b. For Other:
Object Code Resource Code
$
Revision
Increase (Decrease)
9790
(
DATE OF BOARD APPROVAL SIGNATURE OF THE SECRETARY OF THE BOARD
)
DATE SIGNED (MONTH/DAY/YEAR)
Submit one (1) certified original and two (2) copies of this summary to:
Division of Business Advisory Services, EC Room 212 Los Angeles County Office of Education 9300 Imperial Highway Downey, CA 90242-2890
DATE SIGNED (MONTH/DAY/YEAR)
Approved:
Dr. Darline Robles Los Angeles County Superintendent
By:
GENERAL Use this form to file revisions to your adopted budget which require county approval under Education Code section 42600, 42601, 42602, 42603, or 42610. This includes increases or decreases in the revenue accounts, expenditure accounts, transfers to and from ending balances, and adjustments to the components of ending balances. All the budget revisions must be approved by your governing board prior to submittal to the County Office. Submit one budget adjustment for each fund summarizing the adjustments approved from one board meeting. The revisions list the amounts of the adjustment only, not revised amounts. NEW ITEM ON FORM: As required by CDE's Standard Account Code Structure, the resource code has been added on the Budget Adjustment Summary form. More than one resource may be listed on the form but each resource code must be balanced between revenues, expenditures, and components of ending fund balance. List the specific resource code under the appropriate column. When an increase or decrease to its budget is warranted, district must submit this form as approved by the governing board within a reasonable time (i.e., 30 days or the next board meeting, whichever is sooner). Submit a properly completed and certified original and two copies of the form to the Division of Business Advisory Services, EC Room 212. Show decreases as negative figures, in brackets ( ). Once revision is approved by the Division of Business Advisory Services (BAS), the Division of School Financial Services (SFS) will release the applicable budget adjustments previously entered by the district. SFS will use the five-digit GL Journal ID Number listed in the upper right hand corner of page 1 of the form to determine which budget transaction of PeopleSoft to approve or deny. Form Heading Please be sure the heading portion of the form is properly completed. Instructions regarding the elements are as follows:
z z
the correction of revenue/other financing sources; recognition of new revenue/other financing sources; and decreases of previously budgeted revenue/other financing sources.
List the specific object and resource code for the revenue/other financing sources being increased/(decreased) in the space provided. If more space is required, attach a supplemental sheet. Enter the amount of the adjustment in the Budget Adjustment's Increase/(Decrease) column. Show Decrease decreases in brackets ( ). The net amount of revenue/other financing sources increases/(decreases) is reported on the "Total Revenues/Other Financing Sources" line. If a district is budgeting new revenue/other financing sources, there must be a corresponding entry in another section of the document indicating where the money is to be placed (i.e., expenditures, reserves or unappropriated fund balance). Budgeted adjustments to "Interfund Transfers In" will also necessitate the filing of a budget adjustment summary for the other fund(s) affected. At the district level, total incoming transfers (accounts 8910-8929) must equal total outgoing transfers (accounts 7610-7629). Budgeted contributions from Unrestricted Resources (8980) or Contributions from Restricted Resources (8990) should net to zero at the total fund level. No transfers under Budget Transfer Summary would be used in this section. However, if errors have been made in the adoption of the budget, they must be corrected on the Budget Adjustment Summary under the Appropriation or Organization Budget Journal (Expenditures) or Revenue Estimate Journal (Income) and in such cases the increases/(decreases) should equal zero. These are instances when revenue/other financing sources are increased or decreased without a corresponding increase or decrease in expenditures/other financing uses. If in these instances the increase or decrease results in adding to or subtracting from the unappropriated fund balance, the amount must be reported in section D3 of the Budget Adjustment Summary form. However, please note that the amount reported in section D3 is a memo entry and is not for input into the PeopleSoft system. In PeopleSoft, the unappropriated fund balance is not identified by an account number, but rather a calculated amount. Section B - Expenditures/Other Financing Uses Use this section for: the correction of expenditures/other financing uses; recognition of new expenditures/other financing uses; and decreases of previously budgeted expenditures/other financing z uses. Report amounts of increases and decreases by major objects only. Decreases must be shown in brackets ( ).
z z
Date of Summary/Name of School District - Self-explanatory. (NEW) District (Unit) Number - Use the five-digit number assigned to your district from the state (PeopleSoft ID). (NEW) GL Journal ID Number - List the five-digit GL Journal ID Number of the budget transactions you have entered into the county PeopleSoft system in which this budget revision covers. SFS will use this information to determine which transactions to approve or deny. Fund Number/Fund Name - List the name and number of the fund affected by this budget revision. Only one fund is to be reported on each budget revision summary. (NEW) Unrestricted/Restricted - For General Fund only, select "Unrestricted" for those resource codes which do not have reporting requirements. Select "Restricted" for those resource codes that have reporting requirements or are specified as restricted.
If a district is increasing or decreasing an expenditure/other financing use category, there must be a corresponding entry in another section of the document indicating where the money is to be placed or taken from (e.g., revenues, reserves, or unappropriated fund balance.) Adjustments to "Interfund Transfers Out" will also necessitate the filing of a budget revision summary for the other fund(s) affected. At the district level, outgoing transfers (accounts 7610-7629) must equal total incoming transfers (accounts 8910-8929). There are instances when expenditures/other financing uses are increased or decreased without a corresponding increase or decrease in revenues/other financing sources., If in these instances the increase or decrease results in adding or subtracting from the unappropriated fund balance, the amount must be reported in section D3 of the budget adjustment summary form. However, please note that the amount reported in section D3 is a memo entry and is not for input to the PeopleSoft system. In PeopleSoft, the unappropriated fund balance is not identified by an account number, but rather a calculated amount. Section C - Subtotal Section A minus Section B equates to the subtotal. If C is zero, there is no effect on the fund balance; therefore, do not complete the rest of this form except for the narrative and certification sections. Section D - Components of Ending Fund Balance The purpose of this section is to report the adjustments to the components (i.e., reserves) that make up the district's projected ending balance. The reserve categories are: 1. Reserved Amounts - These are the amounts the district has reserved to cover the costs of certain assets or commitments by setting up the appropriate 9700 accounts (i.e., 9711 - 9740). i) If the district's budget is adopted and approved with a general reserve amount, that amount cannot be used during that fiscal year for any purpose. However, if the district adds new monies to the general reserve after the adoption of the budget, that addition can be later re-appropriated for other purposes by the district board during the same fiscal year. ii) Item File - Restricted Balances, is only for statutorily restricted balances. If the monies are donor restricted, the monies should be placed under the "designed for" - Section Item D2b. 2. Designated Amounts - This reflects the amounts the board has designated to cover risks associated with economic uncertainties, restricted resources ending balances, and the amounts the board has designated. You must specify what the reserve is for (e.g., purchase of new band uniforms). Detail object codes must also be used for multiple designated amounts (i.e., 9780- purchase of new band uniforms). 3. Unappropriated Amount - As discussed in sections A and B, there are instances when revenue/other financing sources are increased or decreased without a corresponding increase or decrease in expenditures/other financing uses, and visa versa.
If in these instances the increase or decrease results in adding to or subtracting from the unappropriated fund balance, the amount must be reported in section D3 of the Budget Adjustment Summary form. However, please note that the amount reported in section D3 is a memo entry and is not to be entered into the PeopleSoft system. In PeopleSoft, the unappropriated fund balance is nt identified by an account number, but rather is a calculated amount.
The resulting figure reflected in D3-Unappropriated/undesignated amount cannot, under any circumstance, be negative. Narrative Explanation To aid in the proper processing of this form, the district must provide a short but specific explanation of the transaction(s) being summarized on this form. (Example: The district is reducing Other State Income due to a drop in lottery income of $6 per ADA. This is being offset with a matching decrease in the 4000 expenditures-books and supplies.) Certification Section This section must be completed. Please be sure that the signature is an original signature and that the board approval date is correct. Also, please be sure the contact person and telephone number sections are filled in.
Division of Business Advisory Services 9300 Imperial Highway Downey, CA 90242-2890 Submit to School Financial Services -- EC Room 215
DISTRICT (UNIT) NUMBER GL JOURNAL ID NUMBER FUND NUMBER
Object Code 1000-1999 2000-2999 3000-3999 4000-4999 5000-5999 6000-6999 7100-7299 7300-7399 7400-7499 7610-7629 7630-7699
Amount *
Increase (Decrease)
1. Certificated Personnel Salaries 2. Classified Personnel Salaries 3. Employee Benefits 4. Books and Supplies 5. Services, Other Operating Expenses 6. Capital Outlay 7. Other Outgoing 8. Direct Support/Indirect Costs 9. Other Debt Services 10. Interfund Transfers Out 11. All Other Financing Uses
12. Total Expenditures, Transfers and Other Financing Uses $ (Must Net to Zero)
*INPUT NOTE: If this transfer increases the budget of an expenditure object code, enter the amount on this form as positive, and when inputting on the system, use ORG BUD Transfer To budget input panel, to indicate the increase. If this transfer decreases the budget on an expenditure object code, enter the amount on this form as negative, and when inputting on the system, use ORG BUD Transfer From budget input panel, to indicate the decrease. If there are increases, begin with the Appropriation Budget Ledger first, before increasing the Organization Budget Ledger. If there are decreases, begin with the Organization Budget Ledger
(
DATE OF BOARD APPROVAL SIGNATURE OF THE SECRETARY OF THE BOARD
)
DATE SIGNED (MONTH/DAY/YEAR)
Division of School Financial Services, EC Room 215 Los Angeles County Office of Education 9300 Imperial Highway Downey, CA 90242-2890
DATE SIGNED (MONTH/DAY/YEAR)
By:
Enclosure No. 2 to: Informational Bulletin No. 4 BAS-4-2006-07
Within the same fund, use Appropriation Transfer and Organization Budget Transfer to document transfers between major objects as authorized by EC Section 42600. Transfers within fund affect expenditures only and must net to zero. Transfers between sub-funds, 01.1 and 01.3 for example, may not net to zero individually; colletively they must net to zero. Indicate decreases with brackets ( ). Please submit the certified original and two copies of the Budget Transfer Summary directly to the Division of School Financial Services. NEW ITEM ON FORM: As required by CDE's Standard Account Code Structure, the resource code has been added on the Budget Transfer Summary form. More than one resource may be listed on the form but must be balanced between revenues, and expenditures. List the specific resource code under the appropriate column. Form Heading Please be sure the heading portion of the form is properly completed. Instructions regarding the elements are as follows:
z z
Section A - Expenditures/Other Financing Uses Use Section A to show transfers between account codes. Use major object only. Please note that any budget transfers involving objet codes 7610 - 7629 "Transfers Out" cannot be processed by Appropriation Transfer or Organization Budget Transfer, but must be recorded using Appropriation Budget Journal, Organization Budget Journal, or Revenue Estimate Journal. Pursuant to EC Section 42600, "Transfers may be made... between expenditures classifications at any time by written resolution of the board of education... or by written resolution of the board of trustees..." Section B - Narrative Explanation Please provide a short, but specific explanation of the transfers being made. Example: "The district is transferring excess funds from the other operating expenses to cover additional expenditures of capital outlay." Section C - School District Certification Section. Must be completed. Budget transfers must be certified by the district's Board of Education, and submitted for approval to the County Superintendent of Schools. Completion of this section allows staff at the County Office to contact the district for any additional information, as soon as possible, so that the document can be processed in a timely manner.
Date of Summary/Name of School District - Self-explanatory. (NEW) District (Unit) Number - Use the five-digit number assigned to your district from the state (PeopleSoft ID). (NEW) GL Journal ID Number - List the five-digit GL Journal ID Number of the budget transactions you have entered into the county PeopleSoft system in which this budget revision covers. SFS will use this information to determine which transactions to approve or deny. Fund Number/Fund Name - List the name and number of the fund affected by this budget revision. Only one fund is to be reported on each budget revision summary. (NEW) Unrestricted/Restricted - For General Fund only, select "Unrestricted" for those resource codes which do not have reporting requirements. Select "Restricted" for those resource codes that have reporting requirements or are specified as restricted.
LOS ANGELES COUNTY OFFICE OF EDUCATION Division of Business Advisory Services POSSIBLE BUDGET REVISION SCENARIOS REFERENCE GUIDE Budget Adjustment Summary Form 503-A - submit to Division of Business Advisory Services ADJUSTMENT TYPE 1. Unaudited Actuals ADJUSTMENT RESULTS IN Increases or decreases to the beginning fund balance Increases or decreases to the beginning fund balance Increase Equal Increase Decrease Equal Increase Increase Smaller increase, no net change or decrease Decrease Smaller decrease, no net change or increase Smaller increase, no net change or decrease Increase Smaller decrease, no net change or increase Decrease No net change No net change No net change No change in fund balance. No change in fund balance. No change in fund balance. IMPACT OF ADJUSTMENT ON FUND BALANCE/SOLVENCY ISSUES These adjustments need to be done separately from adjustments that allocate any resulting increase/decrease in ending fund balance to/from expenditures. These adjustments need to be done separately from adjustments that allocate any resulting increase/decrease in ending fund balance to/from expenditures. No change in fund balance. However, fund balance could decrease if revenue budget increases are not valid and related expenditures are still incurred. No change in fund balance. However, fund balance could decrease if expenditure budget decreases are not valid but related revenues still decrease. Increase in fund balance.
2.
3. Expenditure Revenue 4. Expenditure Revenue 5. Expenditure Revenue 6. Expenditure 7. Revenue Expenditure 8. 9. Revenue Expenditure Components of ending balance Designation of 10. ending balance 11. Revenue only
Budget Transfer Summary Form 503-T - submit to Division of School Financial Services ADJUSTMENT TYPE Expenditure only ADJUSTMENT RESULTS IN No net change IMPACT OF ADJUSTMENT ON FUND BALANCE/SOLVENCY ISSUES No change in fund balance.
1.
ANNUAL DELEGATION OF ADMINISTRATIVE AUTHORITY TO PROCESS ROUTINE BUDGET REVISIONS, ADJUSTMENTS, AND TRANSFERS
__________________________________________ School District GOVERNING BOARD RESOLUTION NUMBER: ___________________ BOARD ADOPTION DATE: _____________________________________
The Governing Board of the ___________________________________ School District authorizes, __________________________, Superintendent, to make such routine budget revisions, adjustments, and transfers as necessary for the payment of District obligations and to effect technical adjustments of the board-adopted budget during the _________________fiscal year, in accordance with the provisions of this resolution. This resolution is adopted for the purpose of expediting the processing of routine budget revisions, adjustments, and transfers, and shall remain in effect for a period of one year, from July 1, _________, to June 30, ________, and is subject to annual review and renewal by duly adopted resolution of the Governing Board of ________________________District. The amount of any individual routine budget revision, adjustment, or transfer shall not exceed $ ______________________. The total amount of routine budget revisions, adjustments, and transfers at any one time may not exceed $________________________. This resolution shall be limited to the administrative approval and processing of routine budget revisions, adjustments, and transfers, within or between account objects of expenditures and within or between resources and funds, including the following __________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ This resolution shall not permit the administrative processing of non-routine budget revisions, adjustments, and transfers which increase or decrease revenues and other financing sources and uses, along with the corresponding revisions in expenditures; or budget revisions, adjustments, and transfers which reduce or increase the fund balance of any related fund; or transfers between funds; or transactions exceeding $ ____________________________. Such non-routine budget revisions, adjustments, and transfers must continue to be presented to the Governing Board for approval prior to processing and submission to the Los Angeles County Office of Education (County Office) for further review, approval, and processing. Enclosure No. 4 to: Informational Bulletin No. 4 BAS-4-2006-07
Annual Delegation of Administrative Authority to Process Routine Budget Revisions, Adjustments, and Transfers
A summary report of budget revisions, adjustments, and transfers approved and processed by the Superintendent in accordance with this resolution, listed by major objects and funds, transaction numbers, dates, and amounts shall be submitted to the Governing Board for adoption/ratification, not less than three times annually (by October 31, January 31, and June 30) with the Districts First Interim, Second Interim, and in conjunction with the annual close of the Districts financial records and Unaudited Actuals Reports. All budget adjustments and transfers must be made in accordance with the provisions of Education Code Sections 42600, 42601, 42602, 42603, and 42610, and processed using the appropriate forms and documentation as provided by the County Office, and in compliance with applicable district guidelines. This resolution by the Governing Board and written authorization by the persons herein designated may be used by the Los Angeles County Office of Education to permit budget revisions, adjustments, and transfers in accordance with the foregoing guidelines. ADOPTED by the _________________________School District Governing Board on this ______ day of _______________, 20___. ______________________________ President, Governing Board ______________________________ Vice President, Governing Board ______________________________ Member, Governing Board ______________________________ Secretary, Governing Board ______________________________ Superintendent
Unrestricted
FUND NUMBER FUND NAME
Restricted
DATE OF SUMMARY
Object Code
Description
1. Revenue Limit 2. Federal 3. State 4. Local 5. Interfund Transfers In 6. Other Sources 7. Contributions to Restricted Programs
Object Code
Description
1. Certificated Personnel Salaries 2. Classified Personnel Salaries 3. Employee Benefits 4. Books and Supplies 5. Services, Other Operating Expenses 6. Capital Outlay 7. Other Outgo 8. Direct Support/Indirect Costs 9. Other Debt Services 10. Interfund Transfers Out 11. Other Financing Uses
1000-1999 2000-2999 3000-3999 4000-4999 5000-5999 6000-6999 7100-7299 7300-7399 7400-7499 7610-7629 7630-7699
DISTRIBUTION: Original to School Financial Services - Accounting Section; Copy to Business Advisory Services; Copy returned to district upon approval.
Form No. 503-024 Page 1 of 2 Rev. 08-26-2004
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DATE OF APPROVAL DATE OF APPROVAL SIGNATURE OF THE SUPERINTENDENT
)
DATE SIGNED (MONTH/DAY/YEAR) DATE SIGNED (MONTH/DAY/YEAR)
Los Angeles County Office of Education, EC Room 132 Division of School Financial Services 9300 Imperial Highway Downey, CA 90242-2890
DATE SIGNED (MONTH/DAY/YEAR)
Approved:
Darline P. Robles, Ph.D. Los Angeles County Superintendent
LOS ANGELES COUNTY OFFICE OF EDUCATION DIVISION OF BUSINESS ADVISORY SERVICES Financial Management Services FISCAL MONITORING DISTRICT ASSIGNMENTS
Mike Baker (562) 922-6226 Acton-Agua Dulce USD Azusa USD Baldwin Park USD Bassett USD Bonita USD Charter Oak USD Claremont USD Covina Valley USD Duarte USD Glendora USD Hacienda-La Puente USD Pomona USD Rowland USD Walnut Valley USD Melvin Iizuka (562) 940-1704 Bellflower USD El Monte City SD El Monte Union HSD El Segundo USD Hermosa Beach City SD Las Virgenes USD Long Beach USD Manhattan Beach USD Mountain View SD Redondo Beach USD Rosemead SD Torrance USD Valle Lindo SD West Covina USD Mike Cirasole (562) 922-6802 Centinela Valley Union HSD East Whittier City SD El Rancho USD Hawthorne SD Little Lake City SD Los Angeles USD Los Nietos SD Lowell Joint SD Montebello USD San Gabriel USD South Whittier City SD Whittier City SD Whittier Union HSD Teri Stockman (562) 922-6135 ABC USD Antelope Valley Union HSD Castaic Union SD Eastside Union SD Gorman SD Hughes-Elizabeth Lakes SD Keppel SD Lancaster SD Palmdale SD Saugus Union SD Westside Union SD William S. Hart Union HSD Wilsona SD Mark Fazeli (562) 922-6743 East San Gabriel Valley ROP La Puente Valley ROP Santa Clarita Valley Food Svcs SCROC Joan Concklin (562) 940-1705 Alhambra USD Burbank USD Compton USD Downey USD Garvey SD Lynwood USD Monrovia USD Norwalk-La Mirada USD Palos Verdes Peninsula USD Paramount USD San Marino USD South Pasadena USD Temple City USD Jon London (562) 922-6133 Arcadia USD Beverly Hills USD Culver City USD Glendale USD Inglewood USD La Canada USD Lawndale SD Lennox SD Newhall SD Pasadena USD Santa Monica-Malibu USD Sulphur Springs SD Wiseburn SD
Los Angeles County Office of Education School Financial Services (SFS) Contact List
PeopleSoft No. 64212 20016 75309 75713 20014 20013 64253 40147 64246 64261 20008 64279 64287 64295 64303 20090 64311 64329 64337 20118 20122 20120 64345 20145 64352 20159 64360 64378 20162 64386 64394 20195 20198 64428 73437 20218 00297 64436 21659 20228 64444 20237 20735 64451 Commercial Claims Contacts Daisy Gaston Joseph Calizar Jose Aparejo Jose Aparejo Joseph Calizar Joseph Calizar Arthur Yu Daisy Gaston Gail Wiggan Daisy Gaston Daisy Gaston Arthur Yu Jose Aparejo Gail Wiggan Daisy Gaston Joseph Calizar Daisy Gaston Tina McKinnor Jose Aparejo Joseph Calizar Joseph Calizar Joseph Calizar Gail Wiggan Jose Aparejo Joseph Calizar Joseph Calizar Arthur Yu Daisy Gaston Joseph Calizar Arthur Yu Arthur Yu Joseph Calizar Joseph Calizar Tina McKinnor Al Castillo Joseph Calizar Joseph Calizar Tina McKinnor Joseph Calizar Joseph Calizar Jose Aparejo Joseph Calizar Joseph Calizar Tina McKinnor General Ledger Contacts Gilbert Lopez Gilbert Lopez Perla Nirza Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Frank Nguyen Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Gilbert Lopez Frank Nguyen Frank Nguyen Gilbert Lopez
District Name ABC USD Academia Semillas del Pueblo Acton-Agua Dulce USD Alhambra Unified School District Animo Inglewood Charter High School Animo Leadership High School Antelope Valley CC Antelope Valley Schools Transportation Agency Antelope Valley UHSD Arcadia USD ASCIP JPA Azusa USD Baldwin Park USD Bassett USD Bellflower USD BLP Schools Insurance Authority Beverly Hills USD Bonita USD Burbank USD California Academy for Liberal Studies Camino Nuevo Charter Middle School Camino Nuevo Charter School Castaic Union SD Centinela -South Bay SIA Centinela Valley UHSD Central City Value School Cerritos CC Charter Oak USD Chime Charter School Citrus CC Claremont USD Community Charter Middle School Community Harvest Charter School Compton CC Compton USD Constellation Community Middle School Cornerstone Prep School Covina-Valley USD Crenshaw Arts/Tech Charter Culture and Language Academy of Success Culver City USD Desert Sands Charter High School Discovery Charter Prep School Downey USD
Los Angeles County Office of Education School Financial Services (SFS) Contact List
PeopleSoft No. 20725 64469 40154 64485 64477 64493 64501 64519 64527 64535 20321 20330 64550 73486 64568 64576 96305 64584 33746 20878 73445 64592 20423 64600 64626 00776 20464 64634 20465 64642 00867 64659 10199 40188 64667 20504 20725 64683 64691 64709 20538 20535 96677 64717 Commercial Claims Contacts Joseph Calizar Arthur Yu Jose Aparejo Arthur Yu Joseph Calizar Gail Wiggan Tina McKinnor Joseph Calizar Tina McKinnor Arthur Yu Joseph Calizar Joseph Calizar Arthur Yu Lesley Jiang Gail Wiggan Gail Wiggan Joseph Calizar Jose Aparejo Joseph Calizar Joseph Calizar Al Castillo Daisy Gaston Joseph Calizar Joseph Calizar Joseph Calizar Joseph Calizar Joseph Calizar Joseph Calizar Arthur Yu Arthur Yu Joseph Calizar Joseph Calizar Tina McKinnor Jose Aparejo Arthur Yu Arthur Yu Joseph Calizar Lesley Jiang Gail Wiggan Al Castillo Jose Aparejo Joseph Calizar Joseph Calizar Joseph Calizar General Ledger Contacts Frank Nguyen Gilbert Lopez Gilbert Lopez Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Perla Nirza Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen Bobbi Tanner Bobbi Tanner Frank Nguyen Frank Nguyen Frank Nguyen Frank Nguyen
District Name Downtown Value School Duarte USD East San Gabriel ROP East Whittier City SD Eastside Union SD El Camino CC El Monte City SD El Monte UHSD El Rancho USD El Segundo USD Environmental Charter High School Fenton Avenue Garvey SD Glendale CC Glendale USD Glendora USD Gorman Learning Center Gorman SD Granada Hills Charter High School Guidance Charter School Hacienda La Puente USD Hawthorne SD Henry Hearns Charter School Hermosa Beach City SD Hughes-Elizabeth Lakes Union SD Imagine Academy Charter Schools Inglewood Prep Academy Charter Inglewood USD Joint Educational Transit Keppel Union SD Kipp Los Angeles Prep School La Canada USD LA County Office of Education La Puente Valley-ROP Lancaster SD LARISA Las Familias del Pueblo Las Virgenes USD Lawndale SD Lennox SD Liability and Prop. Prot. - SIRMA Liability JPA-San Gabriel Valley Schools Lifeline Education Center Little Lake City SD
Los Angeles County Office of Education School Financial Services (SFS) Contact List
PeopleSoft No. 73494 64725 20552 20491 64741 64733 64758 64766 64774 19945 75333 20597 64790 20615 64808 64824 64816 20641 20654 20158 64832 64840 20662 20661 96479 96271 96263 20670 20675 95836 64857 64865 20489 64873 40683 64899 64881 64907 20726 20472 40139 75341 20742 64923 Commercial Claims Contacts Joseph Calizar Jose Aparejo Jose Aparejo Joseph Calizar Lesley Jiang Tina McKinnor Joseph Calizar Al Castillo Joseph Calizar Gail Wiggan Tina McKinnor Gail Wiggan Joseph Calizar Joseph Calizar Arthur Yu Daisy Gaston Joseph Calizar Joseph Calizar Joseph Calizar Jose Aparejo Tina McKinnor Joseph Calizar Joseph Calizar Joseph Calizar Joseph Calizar Joseph Calizar Joseph Calizar Joseph Calizar Joseph Calizar Jose Aparejo Joseph Calizar Joseph Calizar Daisy Gaston Gail Wiggan Gail Wiggan Daisy Gaston Al Castillo Joseph Calizar Joseph Calizar Joseph Calizar Arthur Yu Al Castillo Arthur Yu General Ledger Contacts Bobbi Tanner Bobbi Tanner Frank Nguyen Frank Nguyen Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Frank Nguyen Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Ofelia Fernandez Ofelia Fernandez Ofelia Fernandez Bobbi Tanner Bobbi Tanner Perla Nirza Bobbi Tanner Bobbi Tanner Frank Nguyen Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner Perla Nirza Frank Nguyen Bobbi Tanner Bobbi Tanner Bobbi Tanner Bobbi Tanner
District Name Long Beach CC Long Beach USD Long Beach Worker's Comp. Agency Los Angeles Leadership Academy Los Angeles CC Los Angeles USD Los Nietos SD Lowell Joint SD Lynwood USD Magnolia Science Academy Manhattan Beach USD MERGE Risk Management- JPA Monrovia USD Montague Charter School Montebello USD Mount San Antonio CC Mountain View SD Multicultural Learning Center New City Charter School New West Charter Middle School Newhall SD Norwalk-La Mirada USD Nueva Ezperanza Charter Academy Odyssey Charter School Opportunity for Learning Baldwin Park Opportunity for Learning Hacienda La Puente Opportunity for Learning Santa Clarita Pacifica Community Charter School Pacoima Charter School Palisades Charter High School Palmdale SD Palos Verdes Peninsula USD Para Los Ninos Charter Paramount USD Partners in Nutrition Cooperative Pasadena Area CC Pasadena USD Pomona USD Progressive Ed Entrep Charter Puente Charter School Pupil Transportation Cooperative Redondo Beach USD Regional Energy Management Coalition Rio Hondo CC
Los Angeles County Office of Education School Financial Services (SFS) Contact List
PeopleSoft No. 64931 73452 40691 75291 20845 64964 64972 40709 20804 73502 64980 64998 20867 13995 20825 20820 20883 65029 65037 40170 20864 40196 00669 65045 65052 20885 20877 65060 40162 65078 20912 20105 20913 20915 73460 20925 65094 20931 20932 20935 65102 20942 20945 65110 Commercial Claims Contacts Arthur Yu Arthur Yu Daisy Gaston Arthur Yu Daisy Gaston Arthur Yu Joe Calizar Jose Aparejo Joseph Calizar Arthur Yu Joseph Calizar Daisy Gaston Arthur Yu Arthur Yu Arthur Yu Jose Aparejo Joseph Calizar Jose Aparejo Daisy Gaston Daisy Gaston Daisy Gaston Tina McKinnor Joseph Calizar Daisy Gaston Jose Aparejo Joseph Calizar Joseph Calizar Al Castillo Joseph Calizar Joseph Calizar Joseph Calizar Daisy Gaston Joseph Calizar Joseph Calizar Arthur Yu Joseph Calizar Tina McKinnor Tina McKinnor Tina McKinnor Tina McKinnor Joseph Calizar Joseph Calizar Joseph Calizar Tina McKinnor General Ledger Contacts Bobbi Tanner Perla Nirza Bobbi Tanner Perla Nirza Perla Nirza Perla Nirza Perla Nirza Bobbi Tanner Perla Nirza Perla Nirza Perla Nirza Perla Nirza Perla Nirza Ofelia Fernandez Bobbi Tanner Bobbi Tanner Perla Nirza Perla Nirza Perla Nirza Perla Nirza Bobbi Tanner Perla Nirza Bobbi Tanner Perla Nirza Perla Nirza Gilbert Lopez Perla Nirza Perla Nirza Perla Nirza Perla Nirza Perla Nirza Gilbert Lopez Perla Nirza Perla Nirza Perla Nirza Perla Nirza Perla Nirza Perla Nirza Perla Nirza Perla Nirza Perla Nirza Perla Nirza Perla Nirza Perla Nirza
District Name Rosemead SD Rowland USD San Antonio ROP San Gabriel USD San Gabriel Valley SIA San Marino USD Santa Clarita CC Santa Clarita Valley School Food Service Agency Santa Monica Blvd. Community Charter School Santa Monica CC Santa Monica-Malibu USD Saugus Union SD Self Insurance Risk Management Authority SFS_ Legal Claims SIRMA III for Employee Benefits SLIM-JPA Soledad Enrichment Action Charter South Pasadena USD South Whittier SD Southeast ROP Southern California CC- SFIA Southern California-ROC Stella Academy Charter Sulphur Springs Union SD Temple City USD The Accelerated School The School of Arts and Enterprise Torrance USD Tri-Cities ROP Valle Lindo USD Valley Community Charter School Valley Insurance Programs- JPA Vaughn Next Century Learning Center View Park Prep. Accelerated Charter School Walnut Valley USD Watts Learning Center West Covina USD West San Gabriel Benefits - JPA West San Gabriel Liab./Prop. SIA West San Gabriel Valley -SIA Westside Union SD Whittier Area Liability/Property SIA Whittier Area SIA Whittier City SD
Los Angeles County Office of Education School Financial Services (SFS) Contact List
PeopleSoft No. 65128 65136 65151 65169 Commercial Claims Contacts Daisy Gaston Joseph Calizar Tina McKinnor Daisy Gaston General Ledger Contacts Perla Nirza Perla Nirza Perla Nirza Perla Nirza
Commercial Claim Staff Regina Arkinstall Melinda Cachola Joseph Calizar Al Castillo Daisy Gaston Lesley Jiang Tina McKinnor Gail Wiggan Jose Aparejo Arthur Yu General Ledger Staff Ming Chien Frank Nguyen Gilbert Lopez Perla Nirza Bert Rodriguez Bobbi Tanner
Phone Numbers (562) 401-5542` (562) 922-6454 (562) 922-6870 (562) 922-6432 (562) 922-6444 (562) 922-8678 (562) 922-6620 (562) 922-6834 (562) 922-6610 (562) 922-6611 Phone Numbers (562) 922-6849 (562) 922-6631 (562) 922-6829 (562) 922-6633 (562) 922-6680 (562) 922-6826