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Lodi Unified School District 2011 - 12 Proposed Budget

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?.

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Lodi Unified School District 2011 - 12 Proposed Budget

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  1. Lodi Unified School District2011-12 Proposed Budget

  2. 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

  3. What is a Budget? • In its simplest form: A proposed plan for revenues and expenditures for the following fiscal year • In typical form: A proposed plan for revenues and expenditures in a format that meets county and state requirements • In optimum form: A policy document to reflect the philosophy of the Board, the Administration, & the Education Community • A financial plan: To show where you've been and where you are going • An operations guide: To guide administrative decisions and actions throughout the year • A communications device: To share with the community the strengths and challenges of the instructional program 2

  4. State Fiscal Crisis Continues • The 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

  5. Revenue $214,689,969 4

  6. Expenditure $211,909,046 1000 Certificated Personnel 2000 Classified Personnel 3000 Benefits 4000 Supplies 5000 Contracted Services 6000 Capital Items 7000 Other Outgo 5

  7. County Reserve Requirements • 2012-13 $17,715,179 + 3% • 2013-14 $26,140,696 + 3% 6

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

  9. Multi-Year Projection 8

  10. Multi-Year Projection 9

  11. CASH TRANS July $8,662,015 April $5,000,000 Estimated 10

  12. Enrollment 11

  13. Enrollment by Grade 12

  14. Long-Term Concerns Categorical Future CSR Instructional Materials Technology Routine and Deferred Maintenance School Year Unfunded Retirement and Other Debt Service Declining Enrollment Deficit Spending Federal Programs Cash 13

  15. Special Thanks Angel Murnan, Director of Budgets, and The Budget Department Maria Fong, Controller, and the Accounting Department Joan Scherr, Administrative Assistant And to the Board of Education 14

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