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Lodi Unified Second Interim Report

This report provides an analysis of the Lodi Unified School District's financial and enrollment status as of March 5, 2013. It highlights key concerns such as continued enrollment decline, changes in funding formulas, and implications of deficit spending. Notable points include the restoration of instructional days, the impact of current laws on revenue limits, and the ongoing structural imbalance within the budget. The report emphasizes the necessity for adjustments to align budgetary allocations with declining enrollment and the importance of balancing revenues with enrollment figures.

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Lodi Unified Second Interim Report

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  1. Lodi Unified Second Interim Report March 5, 2013

  2. Revenue

  3. Expenditure

  4. Enrollment District

  5. Enrollment by Grade

  6. Multi Year Assumptions • Continued Loss of Enrollment • Current Law (Base Revenue Limit and Categorical) • 2013-14 5 Instructional Days Added (180) • Step and Column Restored • 2014-15 5 Instructional Days Removed (175) • Current Funding Formula will change

  7. Multi Year

  8. Concerns • Deficit Spending • Restricted funds requiring contributions from the Unrestricted portion of the budget • Structural imbalance continues • Budget adjustments to declining enrollment • Balance between enrollment and revenues • Cash – State is committed to pay down deferrals over a period of time • Local Control Funding Formula • Paid for with dollars owed from deficit

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