1 lodi unified school district 2011-12 first interim
TRANSCRIPT
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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
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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
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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
13
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