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$421M budget for 2024-2025 school tear before board
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Manteca Unified — thanks in part to growth — should weather any potential state funding issues in the fiscal year starting July 1.

That is the bottom line of a $421.2 million spending plan for the 2024-2025 school year before the Manteca Unified School District board when they meet Thursday at the district office.

At the same time, the district is poised to maintain reserve balances at or above 3 percent as required by the state for a school system to be on solid financial footing.

 Growth is expected to send district enrollment past the 25,000 student mark in the next school year.

The projected 336 student gain would put district enrolment at 25,335 overall.

The critical enrollment number that guides the bulk of a school district’s revenue through the Local Control Funding Formula that is based on a variety of factors will create an average daily attendance (ADA) estimate of students actually in a classroom on any given day at 23,818.68.

The revenue received via for LCFF accounts for 81.25 percent of the overall budget.

That LCFF number — pumped up by growth — allows for an increase of 23.5 certificated (classroom teachers and support educators) over the current budget of 1,350.7 positions.

Overall the proposed budget has 2,692.7 positions, down from 2,706.5.

The budget reflects a decrease of 37 classified employees.

The cost of living increase being passed on by the state is 0.91 percent.

That salary increase — independent of step raises on adopted salary schedules — is in addition to retirement fund contribution increases.

The school district — the biggest employer in the Manteca, Lathrop, and Ripon area — spends 75.87 cents of every dollar on salaries and benefits.

Overall salaries represent 53.62 percent of the budget with benefits accounting for another 22.25 percent.

The projected ending balance of the 2024-2025 budget is expected to be $70.5 million.

That includes $40.5 million in restricted balances, $12.6 million reserve for economic uncertainty such as Sacramento delaying payments to try and balance the state budget, $3.4 million in lottery funds for education materials, $3.15 million for facility upgrades/deferred maintenance, and $2.5 million to guard against a possible deviation, or loss, of 200 students in ADA funding.

The school board meets at 3:30 p.m. Thursday in the district office, 2271 W. Louise Ave.

 

To contact Dennis Wyatt, email dqyatt@mantecabulletin.com