lodi unified school district 2015-16 proposed budget public hearing - june 2, 2015 10/2/20151
TRANSCRIPT
Lodi Unified School DistrictLodi Unified School District2015-16 Proposed Budget2015-16 Proposed Budget
Public HearingPublic Hearing--June 2, 2015June 2, 2015
04/19/23 1
• Local Control Funding Formula Target $262,143,462– 2020-21 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 2013-2021
Lodi Unified School DistrictInitial Gov Bud Calculation
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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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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 Service04/19/23 4
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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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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Enrollment by Year
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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
Enrollment by Grade
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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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