Appendix B-1. Budgeting Revenue Projections
Revenue projections are a major function of budget development. Budget estimates of revenue should be as accurate as possible. It should be remembered that the budget is a financial plan and should not be set in concrete. It is important to continuously update revenue estimates when necessary. The adult education revenue limit calculation needs to be recalculated for the projected budget, and revised with each revision of the Governor’s budget and at year-end.
The revenue in object codes 8011 and 8019 is used to calculate the State Entitlement portion of that revenue. Adult education is funded based on the annual ADA that is generated. Certification of the prior year’s generated revenue is sent out in February. Current-year P2 certification is delivered in late June. A district’s adult education revenue limit is the adult education’s largest source of funding.
Budget process for State Aid Current Year is based on the calculations on Form S of the Revenue Limit forms. Object code 8011 should agree with line M of Form S (EDP No. 340). Each district’s Adult Education Block Entitlement is available on-line, at http://www2.cde.ca.gov/principalapp/, under “Apportionments Exhibits,” which are listed by county.