Lodi Unified School District 2017-18 Proposed Budget -June, 2017 10/31/2019

Revenue $318,622,100 10/31/2019

Enrollment by Year 10/31/2019

Expenditure $310,462,222 83% of expenditure goes to labor without settlements 1000 Certificated Personnel 2000 Classified Personnel 3000 Benefits 4000 Supplies 5000 Contracted Services 6000 Capital Items 7000 Indirect/Debt Services 10/31/2019

Increase Due to STRS, PERS to Object Code 3000 STRS 12.8% and PERS 12.6% increase for 2017-18 $15,664,509 Increase 10/31/2019

Special Education Enrollment Increase Over Time A 24% increase in 3 years 10/31/2019

Special Education Expenditure History 26% Increase 10/31/2019

Components of Fund Balance Contingency Reserve $ 500,000 LUSD Designated for Economic Uncertainty (3%) $ 9,350,000 Grade Span Adjustment Protection $ 1,000,000 Instructional Material Reserve $ 2,000,000 Programmatic Reserves $ 1,483,714 Special Education Reserve $ 2,000,000 Carry-Over Reserve $ 3,500,000 STRS/PERS Future Year Reserve $ 5,073,205 Anticipated Settlement Reserve $13,816,029 Mandated Reserve for Economic Uncertainty (3%) $ 9,350,000 10/31/2019

2016-17, 2017-18 Labor Settlement Ending Fund Balance Assumptions 2017-18 Adjusted Reserve @ 11% with settlement 10/31/2019

Adjusted 17-18 Ending Fund Balance $50,236,864 Retricted Balance ($1,568,916) Carry-over ($3,500,000) Settlement Reserve ($13,816,029) STRS CalPERS ($5,073,205) Total $26,278,714 10/31/2019

Budget Summary Key Assumptions\Concerns Enrollment increased matching 2009-10 enrollment. This was the base year for labor restoration. Multi-year projection shows funding of the remaining gap funding for LCFF. This funding will be needed to fund future labor retirement costs for 2018-2021. Special Ed costs continued to rise nearly $1.4 million from reserves in 2016-17. Additionally $1 million more for 2017-18. The State Budget is in question as it is based on higher Capital Gains revenues. 10/31/2019

Special Thanks Angel Murnan, Director of Budgets, and the Budget Department Maria Fong, Controller, and the Accounting Department And, to the Board of Education 10/31/2019