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Corning Union Elementary School District

Preparing Students for Their Future
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District Funding, Plans and Reports

Budget Information

Budget Information

Corning Elementary’s budget preparation process includes very specific activities that take place throughout the year and which support the District’s Local Control and Accountability Plan (LCAP) and each school’s individual Single Plan for Student Achievement (SPSA), a comprehensive plan providing details about the school’s planned actions and expenditures to support student outcomes and overall performance, and how these actions connect to the District’s LCAP, which lays out goals for the entire District. 
 
The process is also coordinated to align with California’s budget process.
Budget Timeline

Budget Timeline

  • The Adopted Budget is required by law to be adopted each year by June 30th of the preceding year.
  • The First Interim Budget Report covers the financial and budgetary status of the district for the period ending on October 31st and must be approved by the Board no later than December 15th.  
  • The Second Interim Budget Report covers the financial and budgetary status of the district for the period ending on January 31st and must be approved by the Board by March 15th.
  • The Unaudited Actuals are district-prepared year-end financial statements as of June 30th and are due to the County Office by September 15th.
Where Does A School District Get Revenue?

Where Does A School District Get Revenue?

The District receives revenue from a number of sources:
  • Local Control Funding Formula (LCFF)
  • Federal Revenue
  • Other State Revenue
  • Other Local Revenue
Local Control Funding Formula

Local Control Funding Formula

The Local Control Funding Formula (LCFF) is hallmark legislation that fundamentally changed how all local educational agencies (LEAs) in the state are funded, how they are measured for results, and the services and supports they receive to allow all students to succeed in their greatest potential.
 
LCFF base allocations are based on enrollment and Average Daily Attendance (ADA). 
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