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Lodi Unified School District 2013-14 Proposed Budget - June 18, 2013

Lodi Unified School District 2013-14 Proposed Budget - June 18, 2013. “We didn't actually overspend our budget. The allocation simply fell short of our expenditure.” ― Keith Davis. 1. What is a Budget?.

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Lodi Unified School District 2013-14 Proposed Budget - June 18, 2013

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  1. Lodi Unified School District2013-14 Proposed Budget -June 18, 2013

  2. “We didn't actually overspend our budget. The allocation simply fell short of our expenditure.” ― Keith Davis 1

  3. What is a Budget? In its simplest form: A proposed plan for revenues and expenditures for the following fiscal year. In typical form: A proposed plan for revenues and expendituresin a format that meets county and state requirements. In optimum form: A policy document to reflect the philosophy of the Board, the Administration, & the Education Community within the resources available. A financial plan: To show where you've been and where you are going. An operations guide: To guide administrative decisions and actions throughout the year. It is a living document that changes. A communications device: To share with the community the fiscal strengths and challenges of the instructional program. 2

  4. Budget Process • December – Enrollment Projections and Staffing Ratios are determined for Budget Year. • April 1st – Roll current year Board approved Unrestricted budgets AND Position Control into Budget Development. • April – Remove One Time funds from proposed budget, such as, carry over and donations. Adjust school site budgets to reflect new year allocations. • April - May – Analyze all Other Funds and Restricted budgets to determine if funds are continuing. Work with Program Managers to plan budgets for specialized programs. • May – Revenue Limit calculations are finalized with the County Office for budget year and 2 subsequent years. • May – Estimated Beginning Fund Balance for the budget year is projected. The 3 year Multi Year Projection is completed with all known revenue and expenditure changes, including bargaining unit agreements. • June – All funds and resources are balanced. Data is uploaded into State SACS reporting software. Technical Review Checks are processed and Criteria and Standards and County required Assumptions are also completed. 3

  5. After 41 Years Change? • We have created a budget under current statute. • The Revenue will change and will be reflected in future budget updates. • Multi Year Revenue Projections will be updated as information becomes available. • 2013-14 will be a year of Conversion to the new Budget Process. • The State will develop Procedures and Regulations (Trailer Bills). • A new process will include: • Local Control and Accountability Plan (LCAP). • Will be part of the Budget Adoption. • Parent Advisory Committee (PAC). • Will Review and make Recommendations to the Board. • LCFF will provide an increase of Revenue of approximately $9,336,492 for 2013-14, but we will continue to deficit spend. 4

  6. BRL Revenue $214,814,800 23% ($81,345,706) Local Property Tax Contribution to Base Revenue Limit 15% to total revenue. 5

  7. Multi-Year Comparison Base Revenue Limit (BRL) vs. Local Control Funding Formula (LCFF) 6

  8. Total Loss of ADA 1,324.74-7.1 Million Dollars Average Loss 331 ADA 7

  9. Expenditure $224,889,030 1000 Certificated Personnel 2000 Classified Personnel 3000 Benefits 4000 Supplies 5000 Contracted Services 6000 Capital Items 7000 Net Indirect & Debt Service Deficit Spending ($10,074,230) LCFF *($737,738) *Approximation Only 8

  10. Changes in Expenditures from 2012-13 • 4.5% Increase in Certificated Salary • 6.6% Increase in Classified Salary • 2.6% Increase in Benefits • 4000-5000 Percentage Decline • 10% Increase Contribution to SpecialEducation • 2% Reduction in Contribution to Transportation • 10 FTE CSR 28:1 K-3 • 16.4 FTE above formula to balance Class Size and Reduce Combos Up from 12 FTE =85% of Budget 9

  11. Designated ReservesEnding Fund Balance • Stores, Revolving, & Prepaid $ 795,979 • Restricted $ 3,795,496 • Contingency Reserve $ 150,000 • Capitol Outlay (AB87) $ 279,920 • Programmatic Reserve $ 1,171,693 • Unforeseen Special Education $ 2,000,000 • Carry Over Reserves $ 2,500,000 • State Deferred/Deficit Spending $22,754,497 • State Required 3% $ 7,000,000 Total BRL $40,447,585 LCFF $ 9,336,492 Total $49,784,077 10

  12. Estimated DeficitBRL vs. LCFFBased on Traditional COLA 11

  13. Ending Fund Balance LCFF v. BRL One-time Dollars Assumption that designated reserves do not change 12

  14. State History Deficit Factor5 Years of fully funded out of 23What will happen when Prop 30 Expires? 13

  15. …to be continued 2013-14 Budget Part II 14

  16. Special Thanks Angel Murnan, Director of Budgets, and the Budget Department Maria Fong, Controller, and the Accounting Department And, to the Board of Education 15

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