lodi unified school district 2015-16 proposed budget - june 16, 2015 12/20/20151

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Lodi Unified School Lodi Unified School District District 2015-16 Proposed 2015-16 Proposed Budget Budget - - June 16, 2015 June 16, 2015 08/27/22 1

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Page 1: Lodi Unified School District 2015-16 Proposed Budget - June 16, 2015 12/20/20151

Lodi Unified School DistrictLodi Unified School District2015-16 Proposed Budget2015-16 Proposed Budget

--June 16, 2015June 16, 2015

04/21/23 1

Page 2: Lodi Unified School District 2015-16 Proposed Budget - June 16, 2015 12/20/20151

• Local Control Funding Formula Target $262,143,462– 2018-19 Fully Funded Amount

• 2014-15 Transition Base Funding $204,484,236

– Difference Target – Transition = $ 57,659,226– New Funding $57,659,226 X 53.08 $ 30,605,517– County Transfer $ 588,000Total 2015-16 Entitlement $234,501,478

To Target $27,053,709Difference from January $10,991,033

Local Control Funding FormulaTransition Model 2013-2019

Lodi Unified School DistrictInitial Gov Bud Calculation

04/21/23 2

Page 3: Lodi Unified School District 2015-16 Proposed Budget - June 16, 2015 12/20/20151

Revenue $275,531,982Revenue $275,531,982

LCFF Sources, $234,501,478,

85%

Federal Revenue,

$14,580,129, 5%

Other State Revenue,

$25,584,980, 9%

Other Local Revenue,

$865,395, 1%

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Page 4: Lodi Unified School District 2015-16 Proposed Budget - June 16, 2015 12/20/20151

Expenditure $263,219,674Expenditure $263,219,674

1000, $122,767,205,

47%

2000, $40,685,605,

15%

3000, $54,690,753,

21%

4000, $15,112,584, 6%

5000, $27,024,929,

10%

6000, $500,674, 0%

Net Indirects/ Debt

Service, $2,437,924, 1%

1000 Certificated Personnel

2000 Classified Personnel

3000 Benefits

4000 Supplies

5000 Contracted Services

6000 Capital Items

7000 Net Indirect & Debt Service04/21/23 4

Page 5: Lodi Unified School District 2015-16 Proposed Budget - June 16, 2015 12/20/20151

Components of Fund BalanceComponents of Fund Balance

2015-16 2016-17 2017-18Revolving Cash Unforeseen or

Emergency payment $ 120,000 $ 120,000 $ 120,000Stores… Physical inventory

of warehouse $ 275,000 $ 275,000 $ 275,000 Prepaid Expense Future year

Payments $ 200,000 $ 200,000 $ 200,000Restricted Reserve State

Restricted Funds, RRM,Instructional Materials,Mental Health $ 6,188,682 $5,208,894 $4,334,120

Grade Span Adjustment Unanticipated extra K-3class size ortransportation of Students forSchools that exceed average $ 1,000,000 $1,000,000 $1,000,000

Instructional Materials FutureAdoptions $ 2,000,000 $2,000,000 $2,000,000

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Page 6: Lodi Unified School District 2015-16 Proposed Budget - June 16, 2015 12/20/20151

Components of Fund Balance Components of Fund Balance Continued…Continued…

2015-16 2016-17 2017-18Programmatic Reserve Multi-year

Grants. $ 575,000 $ 575,000 $ 575,000Unforeseen Special Education $ 2,000,000 $ 2,000,000 $ 2,000,000Carry Over Reserves Site and

Departmental allowed carry-Over $ 2,500,000 $ 2,500,000 $ 2,500,000

2015-16 Tentative Agreements* $14,621,652 $ 0 $ 0

Contingency ReserveUnforeseen Expense $ 500,000 $ 500,000 $ 500,000

Lodi USD Designated forEconomic UncertaintyCash flow and economic downturn $ 7,925,000 $ 8,100,000 $ 8,300,000

State Required 3% $ 7,925,000 $ 8,100,000 $ 8,300,000Unassigned Non-designated

Future year resources $ 0 $ 1,907,585 $ 6,912,260*to be added to salaries/benefits and will roll into 2016-17 and 2017-18

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Page 7: Lodi Unified School District 2015-16 Proposed Budget - June 16, 2015 12/20/20151

Enrollment by Year

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Page 8: Lodi Unified School District 2015-16 Proposed Budget - June 16, 2015 12/20/20151

Enrollment by Grade

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2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 Sub Total Tk + KinderTK 79 79 291 2,254K 2,214 2,133 2,231 2,056 2,038 1,9631 2,220 2,178 2,150 2,342 2,113 2,1292 2,275 2,090 2,090 2,120 2,303 2,1473 2,280 2,214 2,039 2,103 2,157 2,3374 2,214 2,190 2,177 2,032 2,129 2,2245 2,155 2,137 2,155 2,171 2,089 2,2116 2,178 2,085 2,079 2,125 2,138 2,161 15,4637 2,169 2,137 2,037 2,043 2,119 2,2008 2,146 2,111 2,075 1,989 2,085 2,156 4,3569 2,198 2,135 2,125 2,061 2,025 2,12110 2,113 2,125 2,078 2,027 2,025 2,02611 2,184 1,984 2,066 1,988 1,975 2,01512 1,883 2,029 1,947 1,929 1,868 1,993 8,155

Page 9: Lodi Unified School District 2015-16 Proposed Budget - June 16, 2015 12/20/20151

Enrollment by Grade

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Page 10: Lodi Unified School District 2015-16 Proposed Budget - June 16, 2015 12/20/20151

Special ThanksSpecial Thanks

Angel Murnan, Director of Budgets, and the Budget Department

Maria Fong, Controller, and the Accounting Department

And,

to the Board of Education

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