Schedule of Average Daily Attendance: Average daily attendance is a measurement of the number of pupils attending classes of the District. The purpose of attendance accounting from a fiscal standpoint is to provide the basis on which apportionments of state funds are made to school districts. This schedule provides information regarding the attendance of students at various grade levels and in different programs. Schedule of Instructional Time: The District has received incentive funding for increasing instructional time as provided by the Incentives for Longer Instructional Day. This schedule presents information on the amount of instructional time offered by the District and whether the District complied with the provisions of Education Code Sections 46201 through 46206. Schedule of Expenditures of Federal Awards: The Schedule of Expenditure of Federal Awards includes the federal award activity of Galt Joint Union High School District and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures are recognized following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Reconciliation of Annual Financial and Budget Report with Audited Financial Statements: This schedule provides the information necessary to reconcile the fund balances of all funds as reported on the Unaudited Actual Financial Report to the audited financial statements. Schedule of Financial Trends and Analysis – Unaudited: This schedule provides trend information on the District's financial condition over the past three years and its anticipated condition for the 2025-26 fiscal year, as required by the State Controller's Office. Schedule of Charter Schools: This schedule provides information for the California Department of Education to monitor financial reporting by Charter Schools.
Education Code Section 14502 requires certain disclosures in the financial statements of districts which adopt Early Retirement Incentive Programs pursuant to Education Code Sections 22714 and 44929. Eligible employees must have five or more years of service under the State Teachers’ Retirement System and retire during the exclusive periods of participation, June 6, 2024 to August 6, 2024. Retiree Information: A total of 5 employees have retired in exchange for the additional two years of service credit. Savings Position Service Total Period Vacated Age Credit Retiree Replacement Savings Retiree Replacement Savings Savings (in Years) Teacher 56 33 $ 117,214 N/A $ 117,214 3 1,462 N/A $ 31,462 $ 148,676 3 Teacher 59 37 117,214 N/A 117,214 3 6,238 N/A 36,238 153,452 3 Teacher 65 18 110,405 N/A 110,405 3 8,054 N/A 38,054 148,459 3 Teacher 60 31 116,023 67,986 48,037 2 7,886 20,643 7,243 55,280 3 Superintendent 58 34 209,200 212,000 (2,800) 4 7,454 60,380 (12,926) (15,726) 3 $ 670,056 $ 279,986 $ 390,070 $ 181,094 $ 81,023 $ 100,071 $ 490,141 Salary Benefits Additional Costs: As a result of this early retirement incentive program, the District expects to incur additional costs of $468,070 in administrative fees, present value and two years of post-retirement health care benefit costs.