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Elementary Calendar Aug- Sept-Oct
Elementary Calendar Aug- Sept-Oct  Download PDF 
CUSD Elementary Calendar for 2013-2014

2 Furlough Days + 2 "Pupil Free Days"
Dan August 28, 2013 at 06:10 PM
Dawn, So, how long did management and the teachers union delay a settlement of the contract for 2013? How long after the governors May Revise did the CUSD management and teachers' union wait to begin negotiations?
Dan August 28, 2013 at 09:06 PM
Mr. Reardon, you occasional post in the comments sections here on Patch and you sought out Dawn Urbanek's endorsement in your 2012 campaign for CUSD Trustee. http://www.votereardon.com/2012/09/endorsement-dawn-urbanek.html What are your opinions on Dawn's claim that, "Farley and Employee Groups intentionally conspired to delayed the execution of their employment contracts for the purpose of including new funding so that they could claim that triggers had been met which required the District to Restore employee compensation." Mr. Reardon, do you agree with Dawn Urbanek's statement above that there is a conspiracy between Farley and CUEA?
Dawn Urbanek August 28, 2013 at 10:41 PM
Dan- The Teachers Union Breached it's own contract by failing to negotiate in good faith to enter into a new agreement by June 30, 2013. ----------------------------------------------------------------------- See: http://www.cuea.org/information_v2/ContractToJun2013.pdf - Page 48 - Article 12 Negotiation Procedures ------------------------------------------------------------------------ 12.1 The District and the Association agree that they will meet and negotiate pursuant to the requirements of State law sufficiently in advance of the end of the term of this agreement so that there is sufficient time for a new agreement to be reached or for the resolution of an impasse. No later than April 1 of the calendar year in which this agreement expires the parties shall submit their initial proposals to each other for a successor agreement or reopeners. The District shall give proper notice of such proposals at the first school board meeting following the submission of the proposals.
Dawn Urbanek August 28, 2013 at 10:42 PM
12.1.1 The parties shall commence to meet and negotiate on re-openers or a successor agreement beginning no later than ten working days after the completion of the public notice requirements listed above.
Dawn Urbanek August 28, 2013 at 10:42 PM
12.2 At the first negotiation meeting between the Association and the District, the parties shall negotiate on procedures they use for that year's negotiation sessions, exclusive of that amount of release time which is already determined and stated in 12.3.
Dawn Urbanek August 28, 2013 at 10:46 PM
In Response to Dan- The Tentative Agreement was not completed until July 22, 2013- almost 2 months after the Governors May revise.
Dawn Urbanek August 28, 2013 at 10:49 PM
Dan- The better question to ask is not in regards to Jim Reardon- but in regards to my Trustee- John Alpay- I live in San Clemente and he is suppose to represent me. --------------------------------------------------------------------------- John Alpay has never once responded to a single question or concern that I have expressed to the Board. I guess as Trustee- he only represents those San Clemente Residents who did not oppose him during the election. ------------------------------------------------------------------------ Technically- I have no representation on this Board- that is why I asked the District Attorney to step in.
Dawn Urbanek August 28, 2013 at 10:53 PM
So While you would like to defend $13 million in compensation increases for employees and the absolutely insulting calendar that was approved- PUPIL FREE DAYS- not one but TWO for elementary school children- ------------------------------------------------------------------------ You all may be interested to learn that Fitch the financial rating agency just downgraded CUSD's bond rating to a negative from a netural. ------------------------------------------------------------------------ Perhaps Attorney for Oakly John Alpay would like to address that fact in light of his vote to have furlough days for our children and give employees compensation increases.
Dawn Urbanek August 28, 2013 at 10:53 PM
http://finance.yahoo.com/news/fitch-affirms-capistrano-usd-sfid-213100211.html
Dawn Urbanek August 28, 2013 at 10:56 PM
KEY RATING DRIVERS NEGATIVE ON FINANCIAL PERFORMANCE: The Negative Outlook reflects a financial profile that is notably weak for the rating category with ongoing structural budget deficits and minimal financial reserves.
Dawn Urbanek August 28, 2013 at 10:57 PM
INSTITUTIONAL CONSTRAINTS: The district is largely dependent on the state of California for funding, exposing it to significant revenue volatility that to the district has been unable to offset fully with expenditure adjustments. The district has no meaningful local revenue raising flexibility.
Dawn Urbanek August 28, 2013 at 10:57 PM
IMPROVING FUNDING ENVIRONMENT: State voter approval of additional taxes to support education funding and an economic recovery have eased near-term funding pressures despite the inherent volatility in California's tax structure and school funding system.
Dawn Urbanek August 28, 2013 at 10:58 PM
SIGNS OF MANAGEMENT STABILITY: The district's management appears to have stabilized after a period of significant board and administrative turnover and a teachers strike in 2010. _____________________________________________________ They are wrong about this- ------------------------------------------------------------------------ Superintendent Farley will be gone soon too.
Dawn Urbanek August 28, 2013 at 10:59 PM
RATING SENSITIVITIES FAILURE TO BUILD RESERVES: Fitch expects to downgrade the rating within two years if the district does not meaningfully rebuild reserves. ------------------------------------------------------------------------ Employee Compensation is the Budget- we fundraise for everything else- ------------------------------------------------------------------------ If they had not implemented Early Retirement- EMployee Compensation was projected to be 114% of the entire budget
Dawn Urbanek August 28, 2013 at 10:59 PM
RATING SENSITIVITIES FAILURE TO BUILD RESERVES: Fitch expects to downgrade the rating within two years if the district does not meaningfully rebuild reserves.
Dawn Urbanek August 28, 2013 at 11:00 PM
WEAK FINANCES Capistrano Unified's inherent economic strengths are offset by a decidedly weak financial profile that weighs on the rating, pushing it well below the level suggested by the economic and debt profiles. The district has posted four consecutive years of net operating deficits after transfers that have drawn fund balance to a very low level. The district's $8.3 million net operating deficit after transfers for the fiscal year ended June 30, 2012 equaled 2.1% of spending and reduced the district's unrestricted general fund balance to a barely adequate 4.4% of expenditures and transfers out. ------------------------------------------------------------------------ Did they say "OPERATING DEFICIT"?
Dawn Urbanek August 28, 2013 at 11:01 PM
STRUCTURAL IMBALANCE Preliminary unaudited results for fiscal 2013 show that the district expects a $ 2 million surplus, equivalent to 0.6% of spending. The improvement was partly based on temporary spending reductions such as furlough days. The district has had more trouble aligning expenditures with revenues than most California school districts due to a sometimes poor relationship with its labor unions and the high cost of employing teachers in the region. Management has made painful reductions, including raising class sizes, reducing employee headcount by 12% since 2008, closing schools and shortening the school year. ------------------------------------------------------------------------ Now CUSD is closing school to give employees compensation increases -----------------------------------------------------------------------
Dawn Urbanek August 28, 2013 at 11:02 PM
A structural budget imbalance remains across the forecast horizon of the district's multiyear financial projections. The district's fiscal 2014 budget shows a slight draw on general fund balance equal to about 0.7% of spending, and the out years of the forecast show that the district will need to continue to ask labor for significant concessions (worth about $17 million a year) to balance budgets. ------------------------------------------------------------------------ Wow- will we be at $15 furlough days next year?
Dawn Urbanek August 28, 2013 at 11:03 PM
A structural budget imbalance remains across the forecast horizon of the district's multiyear financial projections. The district's fiscal 2014 budget shows a slight draw on general fund balance equal to about 0.7% of spending, and the out years of the forecast show that the district will need to continue to ask labor for significant concessions (worth about $17 million a year) to balance budgets.
Dawn Urbanek August 28, 2013 at 11:04 PM
MORE POLICYMAKING CONSENSUS The district's governance and labor relations experienced a period of turmoil during the recent recession, but conditions appear to have improved under new management. The district's teachers went on strike in 2010 after the district imposed a 10.1% pay cut. The current superintendent is the seventh top administrator since 2006 and has been in the position for three years. He has been able to improve relations with labor and helped secure spending cuts that are likely to stabilize the district's reserves at the current minimally adequate level. The school board has turned over completely since 2010 when voters recalled a significant portion of the district's board. While the development of greater policymaking consensus is positive, the district has not yet reached a consensus on how to achieve ongoing structural balance and to rebuild reserves to a healthy level. ------------------------------------------------------------------------ They Failed to state that with this latest contract and salary restorations- CUSD employees have been made whole- all reductions have been restored- but our students will never have their lost instructional time "restored".
Dawn Urbanek August 28, 2013 at 11:05 PM
VERY STRONG ECONOMY The district benefits from one of the strongest economic bases in the state of California. Coastal southern Orange County includes some of the most expensive real-estate in the state. Incomes vary in across the district, but even the least affluent communities in the district have median household incomes above 150% of the national median. The district participates in a large and diverse regional economy that is recovering from a deep downturn, but is fundamentally strong. The workforce is highly educated, and local freeways provide good access to jobs centers. Orange County was a center of the subprime lending industry and suffered significant job losses in the recent recession, but it began to recover earlier than most of the state. The school district's service area includes cities with significantly lower unemployment rates than the county, state and nation, including San Juan Capistrano at 5.4% and Santa Margarita at 3.9% in June 2013.
Dawn Urbanek August 28, 2013 at 11:05 PM
STRONG TAX BASE The SFID's $45.5 billion tax base is well-established and largely residential. Properties have been more stable in the district than in most California jurisdictions. The SFID experienced just two years of small declines in AV in 2010 and 2011, followed by stability in 2013, a 1.1% increase 2013 and a 3.1% gain for fiscal 2014. Taxpayer concentration is not a concern with the top 10 tax payers representing just 3.9% of the SFID's AV.
Dawn Urbanek August 28, 2013 at 11:06 PM
STRONG TAX BASE The SFID's $45.5 billion tax base is well-established and largely residential. Properties have been more stable in the district than in most California jurisdictions. The SFID experienced just two years of small declines in AV in 2010 and 2011, followed by stability in 2013, a 1.1% increase 2013 and a 3.1% gain for fiscal 2014. Taxpayer concentration is not a concern with the top 10 tax payers representing just 3.9% of the SFID's AV.
Dawn Urbanek August 28, 2013 at 11:06 PM
The district has no plans to increase the SFID's very low direct debt per capita of about $351. Total overlapping and net direct debt is estimated to be about $1,148. Both numbers are quite small relative to AV. Amortization is healthy with 34% of the district's bonds repaid in five years, 67% in 10 years, and 100% within 20 years.
Dawn Urbanek August 28, 2013 at 11:07 PM
The district's obligations to retirees are manageable but are likely to pose an increasing burden due to participation in the poorly funded California State Teachers' Retirement System (CalSTRS). The district also participates in the California Public Employees' Retirement System (CalPERS). Contribution rates for CalPERS are actuarially based, but those for CalSTRS are set by statute and have been below the level required to amortize the system's unfunded liability for some time. ---------------------------------------------------------------------- They failed to mention CUSD's $50 million in unfunded penion liabilities that is not reflected in the Budget- it is not "on the books"
Dawn Urbanek August 28, 2013 at 11:07 PM
CalSTRS reported an inadequate funded ratio of 69.3% for the fiscal year ended June 30, 2012. Fitch estimates the funded ratio to be 65.7% based on a more conservative 7% rate of return assumption. Fitch expects school districts' CalSTRS contribution rates to rise over the coming years, perhaps significantly, if the state legislature addresses the system's growing unfunded liabilities.
Dawn Urbanek August 28, 2013 at 11:07 PM
More Furlough Days to cover unfunded pension liabilities?
Dawn Urbanek August 28, 2013 at 11:08 PM
OPEB liabilities are modest with an unfunded accrued actuarial liability of just $49.7 million, or 0.6% of AV at July 1, 2011.
Dawn Urbanek August 28, 2013 at 11:08 PM
Additional information is available at 'www.fitchratings.com'.
Dawn Urbanek August 28, 2013 at 11:08 PM
In addition to the sources of information identified in Fitch's Tax-Supported Rating Criteria, this action was additionally informed by information from Creditscope, University Financial Associates, S&P/Case-Shiller Home Price Index, IHS Global Insight, and the National Association of Realtors. Applicable Criteria and Related Research: --'Tax-Supported Rating Criteria' (Aug. 14, 2012); --'U.S. Local Government Tax-Supported Rating Criteria' (Aug. 14, 2012). Applicable Criteria and Related Research: U.S. Local Government Tax-Supported Rating Criteria http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=685314 Tax-Supported Rating Criteria http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686015 Additional Disclosure Solicitation Status http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=800666

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