Capistrano Unified School District Highlights of the Annual Financial Report Year Ending June 30, 2014

Source: http://capousd.ca.schoolloop.com/file/1229223560406/1218998864154/4733164299538810046.pdf at page 5

Board Audio http://cusd.capousd.org/cusdweb/boardaudio/12-10-14/12-10-14RegBdMtgPt2.mp3 at 37 minutes

Of Note:Certificated Salaries were budgeted at $179,063,187 but were increased to $188,726,801.

Of Note:

Capistrano Unified has $57,265,077 in unfunded Benefits liabilities- up from $49 million just two years ago

Of Note:

Enrollment is declining - Total ADA 48,074.26

Of Note:

177 Days of School. Capistrano Unified had 3 Furlough Days for Students in 2013-14. Saddleback Valley had a 180 day school year in 2013-14 (right next door). The question parents should ask is why should students in the Capistrano Unified school district have 3 less days of instruction than the students in Saddleback? Under “local control” shouldn’t parents have more in-put into how CUSD spends it’s money? The District choose to increase Teacher compensation by $10 million dollars rather than restore the school year to 180 days.

Of Note:

The goal of the States new Local Control Funding Formula is to fund schools at their 2007-2008 funding level by the year 2021. However- expenses will not be held at 2007-2008 levels. The District is projecting an operating deficit during 2014-15. The questions parents should ask is will there be money to restore our school year to 180 days, reduce class sizes to a reasonable level, restore programs and services for students and fix and maintain our facilities if funding is held to 2008 levels while compensation continues to increase?

Auditors Comments on Capistrano Unified’s Associated Student Body