2022-23 Funding Status
As it turns out and thanks to the State's increased budget allocations for schools, we remain in Local Control Funding Formula (LCFF) funding status and did not move to Community Funded status this year.
There are two methods in which school districts in California receive funding. One is known as State Aide Funded or LCFF State Aide revenues which are based upon student attendance percentages. The second method is Community Funded, or when a district’s property tax base exceeds the LCFF State Aide calculated revenues. A district doesn’t choose which funding status to be in; it all depends on whether property taxes come in higher than the state’s allocation per pupil.
Last school year, we learned that our funding status was going to change beginning in the 2022-23 school year due to our property tax revenues being projected to exceed our LCFF State Aide calculation. When we developed our 2022-23 budget and it was approved by the Board of Trustees in June 2022, the budget was based on believing we would be in Community Funded status.
However, the Governor and the Legislature provided large increases to K-12 Education LCFF Revenues. As a result of these increases, the District is seeing an increase in our LCFF Revenues of approximately $800,000 from our Adopted Budget in June, causing RVSD to continue in State Aide funding status. In August, we adjusted our budget accordingly. To learn more about the State K-12 Budget and the RVSD 45-Day Budget Revision, please see the August 2, 2022 Board Meeting Agenda.
Governing Board Budget Workshop - April 22, 2021
2022-23 Budget
2021-22 Budget
2020-21 Budget
2019-2020 Budget
2018-2019 Budget
2017-2018 Budget
2016-2017 Budget
2015-2016 Budget
2014-2015 Budget
2013-2014 Budget
2012-2013 Budget
Audited Financial Statements
Financial and Performance Bond Audits
The Financial and Peformance Bond Audits provide independent assessments of Measure A Bonds' financial position and performance, such as compliance with state laws and procedures. These reports support the work of the Citizen's Oversight Committee and provide public accountability.
Education Protection Account Disclosure 2013-2014
Education Protection Account Disclosure 2012-2013
Other Post Employment Benefits (OPEB) Reports
Retiree Benefits Valuation Report 2012
Retiree Benefits Valuation Report 2014
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