2008/09 SECOND INTERIM REPORT Board Meeting March 3, 2009 LODI UNIFIED SCHOOL DISTRICT Business Services Prepared by: Douglas Barge Maria Fong Carrie Hargis Y: \Business Services\Financial Report\ \2nd Interim\Second Interim Report B ppt

Executive Summary  The Second Interim Financial Report includes a report of the General Fund and the Charter School Fund. as of January 31, 2009  This report was prepared using the information known as of January 31, 2009; the official reporting period for the Second Interim Report.  Data on the Fund reports reflect:  Board Approved Budget as of 7/1/08 (Adopted Budget)  Board Operating Budgets as of 1/31/09  Actuals to Date (Actual Activity as of 1/31/09)  Projected Year Totals (Adjusted Budget as of 2/17/09)  Multi-Year Budget Projections for 2009/10 and 2010/11  Data from the Governor’s January budget proposal was used to complete the multi- year projections.  The current fiscal situation at the State level continues to negatively impact our District budget.  Action taken by the Board on February 17, 2009 in terms of staffing reductions have been incorporated into the multi-year projections.

Recommendation Staff is recommending approval of the 2008/09 Second Interim Report.

Required State & County Reports *See Separate Attachments in Board Item