1. Lodi Unified School District 2018-19 First Interim Report December 11, 2018
Jeff Clanton
Senior Director of Budgets
Leonard Kahn
Chief Business Officer

2. Approved Budget Revenue $355,594,759
5/26/2019
Lodi Unified School District

3. Approved Expenditures $360,306,252
5/26/2019
Lodi Unified School District

4. Unrestricted Ending Fund Balance Projections
3% Required Reserve
5/26/2019
Lodi Unified School District

5. Unrestricted Ending Fund Balance Reserve Assignments
AMOUNT
Contingency Reserve
$500,000
LUSD Designated Economic Uncertainties
$11,937,354
Grade Span Adj Reserve
$1,000,000
Instructional Materials Reserve
$2,000,000
Programmatic Reserve
$1,129,326
Unforeseen Special Ed Costs
$5,000,000
ACA Penalty Estimation Reserve
$425,000
STRS/PERS Future Years Cost
$10,000,000
Retain & Recruit Reserve
$3,000,000
Security & Safety Reserve
$11,292,718
Required 3% Economic Uncertainty
$10,809,200
Total
$57,093,598
5/26/2019
Lodi Unified School District

6. Enrollment History
Enrollment is Currently Slightly Under Prior Year

7. ADA History

8. Lodi Unified School District
Interim Summary
STRS and PERS will increase approximately $8.5 Million Dollars through
Carry-over is indicated in expenditures and creates a deficit.
One Time Funds have been received ($4,993,038).
Special Education Contingency Reserve has been increased by $1,000,000 to $5,000,000.
Employee compensation settlements for some bargaining groups still pending and not reflected in expenditures.
Enrollment has decreased, ADA has been revised.
Governor’s Proposed Budget in January may change assumptions.
5/26/2019
Lodi Unified School District

9. Lodi Unified School District
Special Thanks
Jeff Clanton, Senior Director of Budgets, and the Budget Department
April Juarez, Director/Controller, and the Accounting Department
Julie Winters, Administrative Assistant to Business
5/26/2019
Lodi Unified School District