lodi unified school district 2011 - 12 proposed budget

Lodi Unified School District2011-12 Proposed Budget

The Fiscal Team’s responsibility is to allow the Board of Education and the entire education community to focus on non-fiduciary issues, through accurate and transparent information.

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What is a Budget?What is a Budget?In its simplest form: A proposed plan for revenues and expenditures for the following fiscal yearIn typical form: A proposed plan for revenues and expenditures in a format that meets county and state requirementsIn optimum form: A policy document to reflect the philosophy of the Board, the Administration, & the Education CommunityA financial plan: To show where you've been and where you are goingAn operations guide: To guide administrative decisions and actions throughout the yearA communications device: To share with the community the strengths and challenges of the instructional program

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State Fiscal Crisis ContinuesState Fiscal Crisis ContinuesThe state continues to face a shortfall for 2012-13

Economic indicators show that the road to recovery will be slow.

The Budget: Flat funds education Add yet another deferral, approximately .32cents per dollar

will be owed the district in the next fiscal year. ($34,602,539)

Deficit factor of 20.041%

State categorical funding continues to be reduced by approximately 20% and flexibility continues to allow the district to designate those funds to district priorities until 2014-15

Class-size Reduction until 2013-14

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Revenue $214,689,969Revenue $214,689,969

Revenue Limit, $146,317,391,

69%

Federal Revenue,

$16,084,259, 7%

Other State Revenue,

$49,560,756, 23%

Other Local Revenue,

$2,727,563, 1%

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Expenditure $211,909,046Expenditure $211,909,046

1000, $102,844,028,

50%

2000, $31,994,351, 15%

3000, $43,325,968, 20%

4000, $11,136,675, 5%

5000, $19,438,537, 9%

6000, $197,880, 0% 7000, $2,971,607,

1%

1000 Certificated Personnel2000 Classified

Personnel3000 Benefits4000 Supplies5000 Contracted Services6000 Capital Items

7000 Other Outgo5

County Reserve County Reserve RequirementsRequirements

2012-13 $17,715,179 + 3% 2013-14 $26,140,696 + 3%

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ReservesReservesStores, Revolving, & Prepaid $ 795,979Restricted $ 4,587,713Contingency Reserve $ 150,000Capital Outlay (AB 87) $ 279,931Contingent on Tax Extensions State Deficit $ 7,280,284LEA Negotiated Settlement Reserve$ 3,284,915Tier III Program Reserves $ 73,991Carry Over Reserves $ 200,000Unforeseen Special Education $ 2,000,000SERP Reserves $ 3,636,960State Deferred/Deficit Spending (Cash) $23,890,000State Required 3% $ 6,339,176

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$208,304,182 $214,621,824

$46,201,306

$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

Revenue Expenditure Ending Balance

2012-13

$6,317,642 Deficit

Multi-Year ProjectionMulti-Year Projection

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$203,476,415 $216,636,127

$33,041,593

$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

Revenue Expenditure Ending Balance

2013-14

$13,159,712 Deficit

Multi-Year ProjectionMulti-Year Projection

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04/24/23

CASHCASH

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

$35,000,000

$40,000,000

$45,000,000

July

August

Septem

ber

October

Novem

ber

Decem

ber

Janua

ry

Februa

ryMarc

hApri

lMay

Ju

ne

Beginning CashBalance

Expenses

Ending CashBalance

Estimated

TRANS

July $8,662,015 April $5,000,000

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EnrollmentEnrollment

27,500

28,000

28,500

29,000

29,500

30,000

30,500

July Aug Sept Oct Nov Dec Jan Feb March Apr May

2008-09

2009-10

2010-11

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Enrollment by GradeEnrollment by GradeYearly Enrollment by Grade

2133

2178

2090 22

14

2190

2137

2085 2137

2111

2135

2125

1029

2029

1984

0

500

1000

1500

2000

2500

K 1 2 3 4 5 6 7 8 9 10 11 12 SpecialDay

2008-09

2009-10

2010-11

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Long-Term ConcernsLong-Term ConcernsCategorical FutureCSRInstructional MaterialsTechnologyRoutine and Deferred MaintenanceSchool YearUnfunded Retirement and Other Debt ServiceDeclining EnrollmentDeficit SpendingFederal ProgramsCash

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Special ThanksSpecial Thanks

Angel Murnan, Director of Budgets, and The Budget DepartmentMaria Fong, Controller, and the Accounting DepartmentJoan Scherr, Administrative Assistant

And to the Board of Education

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