lodi unified school district 2011 - 12 proposed budget
DESCRIPTION
Lodi Unified School District 2011 - 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. 1. What is a Budget?. - PowerPoint PPT PresentationTRANSCRIPT
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.
1
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
2
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
3
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%
4
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%
6
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
7
$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
8
$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
9
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
10
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
11
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
12
Long-Term ConcernsLong-Term ConcernsCategorical FutureCSRInstructional MaterialsTechnologyRoutine and Deferred MaintenanceSchool YearUnfunded Retirement and Other Debt ServiceDeclining EnrollmentDeficit SpendingFederal ProgramsCash
13
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
14