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Lodi Unified Second Interim Report. March 5, 2013. Revenue. Expenditure. Enrollment District. Enrollment by Grade. Multi Year Assumptions. Continued Loss of Enrollment Current Law (Base Revenue Limit and Categorical) 2013-14 5 Instructional Days Added (180) Step and Column Restored
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Lodi Unified Second Interim Report March 5, 2013
Multi Year Assumptions • Continued Loss of Enrollment • Current Law (Base Revenue Limit and Categorical) • 2013-14 5 Instructional Days Added (180) • Step and Column Restored • 2014-15 5 Instructional Days Removed (175) • Current Funding Formula will change
Concerns • Deficit Spending • Restricted funds requiring contributions from the Unrestricted portion of the budget • Structural imbalance continues • Budget adjustments to declining enrollment • Balance between enrollment and revenues • Cash – State is committed to pay down deferrals over a period of time • Local Control Funding Formula • Paid for with dollars owed from deficit