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2009/10 FIRST INTERIM REPORT

LODI UNIFIED SCHOOL DISTRICT Business Services. 2009/10 FIRST INTERIM REPORT. Board Meeting December 9, 2009. Prepared by: Mr. Douglas Barge Mrs. Carrie Hargis. Y: BudgetingInterim9-10 FirstInterim Report B12-8-09.ppt. Executive Summary.

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2009/10 FIRST INTERIM REPORT

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  1. LODI UNIFIED SCHOOL DISTRICT Business Services 2009/10 FIRST INTERIM REPORT Board Meeting December 9, 2009 Prepared by: Mr. Douglas Barge Mrs. Carrie Hargis Y: \Budgeting\Interim\09-10 First\Interim Report B12-8-09.ppt

  2. Executive Summary • The First Interim Financial Report includes a report of the General Fund and the Charter School Fund (Joe Serna). • Data on the Fund reports include: • Board Approved Budget as of 7/1/09 (Adopted Budget) • Board Operating Budgets as of 10/31/09 • Actuals to Date (Actual Activity as of 10/31/09) • Projected Year Totals (Adjusted Budget as of 11/17/09) • Standards & Criteria for the General Fund • Used by county offices of education and the California Department of Education • To develop, review & assess budgets and interim financial reports of school districts in California • Multi-Year Budget Projections for 2010/11 and 2011/12 • The current fiscal situation at the State level continues to negatively impact our District budget • To ensure a balanced budget and positive certification, based on the assumptions used in this report, the Board will be required to make reductions for 2010/11. • Additional reductions may be necessary based upon the updated Budget model for 2010/11 and actions from the State in regards to funding for K-12 education. • The Tier I/II reduction list previously approved by the Board during the 2009/10 Budget Adoption process was included in the multi-year projection until further decisions have been made. • State & County Assumptions • Provided to us by San Joaquin County Office Education • Details the change from 2009/10 Adopted Budget to 2009/10 Current Budget (as of 11/17/09)

  3. Recommendation • Staff is recommending approval of the 2009/10 First Interim Financial Report for Lodi Unified School District.

  4. Required State & County Reports *See Separate Attachments in Board Item*

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