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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
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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
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 Personnel
2000 Classified Personnel
3000 Benefits
4000 Supplies
5000 Contracted Services
6000 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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ReservesReserves
Stores, 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
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
04/19/23
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
Septe
mber
Octob
er
Novem
ber
Decem
ber
Janua
ry
Febru
ary
Mar
chApr
ilM
ay
June
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
11
Enrollment by GradeEnrollment by Grade
Yearly Enrollment by Grade21
33
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 Concerns
Categorical 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 Department
Maria Fong, Controller, and the Accounting Department
Joan Scherr, Administrative Assistant
And
to the Board of Education
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