1

Lodi Unified School District2011-12 First Interim

2

Trigger CrisisTrigger Crisis

Legislative Analysts Office 3.8 Billion Revenue Shortfall. 5.2 million dollar reduction to LUSD Revenue @ 190 per ADA.Up to 2 million dollars in Home-to-School Transportation.December 15 Department of Finance.January 10 Governor’s Budget.

3

Projected Revenue Projected Revenue $223,168,335$223,168,335

Revenue Limit, $146,392,841

66%

Federal Revenue,

$22,575,103 10%

Deferred Revenue

Other State Revenue,

$51,066,073 23%

Other Local Revenue,

$3,134,318 1%

State Aid 76%, $111,411,821

4

Projected Expenditure Projected Expenditure $224,784,243$224,784,243

7000, -$296,624 0%

6000, $256,175 0%5000,

$21,526,917 10%

4000, $23,414,903

10%

3000, $43,756,853

19%

2000, $32,612,923

14%

1000, $103,513,096

47%

1000 Certificated Personnel

2000 Classified Personnel

3000 Benefits

4000 Supplies

5000 Contracted Services

6000 Capital Items

7000 Other Outgo

5

Projected ReservesProjected Reserves

Contingency Reserve $ 788,326Capital Outlay (AB 87) $ 279,920Contingent on State Deficit* $ 7,119,796Transportation Reserve* $ 2,085,437LEA Negotiated Settlement Reserve $ 3,284,915Tier III Program Reserves $ 4,972,225Unforeseen Special Education $ 1,423,689SERP Reserves $ 3,636,960State Deferred/Deficit Spending (Cash) $17,960,593State Required 3% $ 6,827,687

*County Required

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Reduction to Reserves

2012-13 2013-14Certificated Step and Column $1,642,457Classified Step $291,930SERP Payment* $1,212,320*SERP 2011-12 $1,212,320Fee and Interest $500,000

Certificated Step and Column $1,642,457Classified Step 296,756SERP Payment $1,212,320Fees and Interest $500,000

Reduced School Year 2014-15Class Size Reduction 2013-14

Total Reductions 2011-2013 $8,510,560

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$210,096,429 $213,482,727

$49,691,765

$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

Revenue Expenditure Ending Balance

2012-13

$3,386,297 Deficit

Multi-Year ProjectionMulti-Year Projection

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$205,265,941 $215,280,547

$39,677,159

$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

Revenue Expenditure Ending Balance

2013-14

$10,014,606 Deficit

Multi-Year ProjectionMulti-Year Projection

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Deferrals

Jul Aug

Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul

New Fiscal Year

2011

2012

20112011 2012201120112011 201220122012

2012

20122012

$0.800 B $0.800 BMay ’12 to Jul ‘12

$1 B $1 BMay ’12 to Aug ‘12

Feb ’12 to Jul ‘12

$2.0 B$2.0 B

$0.419 BApr ’12 to Jul ‘12

$0.419 B

$1.4 B $1.4 B

Mar ’12 to Apr ‘12

$2.4 B $2.4 B

Oct ’11 to Jan ‘12

$1.4 B

Jul ’11 to Sep ‘11

$0.700 B $0.700 B

Jul ’11 to Jan ‘12

$1.4 B $1.4 B

Aug ’11 to Jan ‘12

$0.764 B $0.764 BApr ’12 to Aug ‘12

New Deferral

= Interyear

$2.5 B $2.5 BInfamous P-2 Deferral

Jun ’12 to Jul ‘12

$0.679 B $0.679 BApr ’12 to Aug ‘12

$1.3 BMar ’12 to Aug ‘12

$1.3 BNew

Deferral

B = Billion= Intrayear

38% or $41,612,812 is deferred to the next fiscal year.

1004/18/23

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

$50,000,000

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 $8,562,015 April $5,000,000

1104/18/23

CASH with ADA Cut and no CASH with ADA Cut and no Tran-year TRANS Tran-year TRANS

$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

$50,000,000

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

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EnrollmentEnrollment

28,577

29,00629,496

28,59928,739

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

2008-092009-102010-112011-12

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Enrollment by GradeEnrollment by GradeYearly Enrollment by Grade

1029

2029198421252135211121372085213721902214209021782133

10182024209421082162207720472091216520562039209621722237

0

500

1000

1500

2000

2500

K 1 2 3 4 5 6 7 8 9 10 11 12 SpecialDay

2008-092009-102010-112011-12

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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