Capistrano Unified School District, Orange County has $57,265,077 million in Unfunded Pension Liabilities. That is up from $49,680,278 in 2011.

Source: http://capousd.ca.schoolloop.com/file/1229223560406/1218998864154/4733164299538810046.pdf at page 74 (page 70 of 100)

For High lights of the Districts Annual Fiscal Report see:
http://disclosurecusd.blogspot.com/2014/12/capistrano-unified-school-district_13.html

Source: 2013-2014 Second Interim Report at page 135 of 143 http://capousd.ca.schoolloop.com/file/1229223560406/1218998864154/8880828758283900707.pdf

Regarding Future Pension Contributions.

Pension contributions are projected to climb to over 10% of the Districts budget by 2021

Governor Brown is forcing Districts to contribute substantially more money to CalSTRS and CalPERS in order to shore up the underfunded pension plans. CUSD pension contribution will increase from its current:

CalPERS: 11.442% to 20.4% by 2021
CalSTRS: 9.50% to 19.1% by 2021

Which will represent 9.6% of CUSD’s total unrestricted budget.

Source: Financial Report- Governor’s 2014-15 Proposed Budget and May Revise Up-date at Page 12 2j
http://capousd.ca.schoolloop.com/file/1229223560406/1218998864154/1331468026996732138.pdf

Employee compensation is currently 92.7% of the Districts budget. That means that employee costs will exceed 100% of the District’s budget. CUSD will need to borrow money to offer any student services.

Source: Capistrano Unified Board Presentation May 28, 2014 http://capousd.ca.schoolloop.com/file/1229223560406/1218998864154/1331468026996732138.pdf

And listen to the Board Audio at: 29:20:
http://cusd.capousd.org/cusdweb/boardaudio/5-28-14/05-28-14%20RegularBdMtg.mp3

Source: http://edsource.org/2014/great-year-for-calstrs-wont-alter-need-for-big-increase-in-contributions/57811#.UynJVq1dUdI