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LCMSD First Interim Recap January 28, 2014. Revenue - $14.9 Million.

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Presentation on theme: "LCMSD First Interim Recap January 28, 2014. Revenue - $14.9 Million."— Presentation transcript:

1 LCMSD First Interim Recap January 28, 2014

2 Revenue - $14.9 Million

3 Expenditures - $15.9 Million

4 Challenges Transition to full implementation of LCFF Loss of $500,000 lease revenue from San Clemente lease in First Interim report does not include $271,700 reduction related to EPA revenue Ongoing “structural” deficit of projected unrestricted expenses over revenues of $570,000 Opening and sustaining a third school Structural deficit calculated based upon excess of projected expenditures over revenues plus EPA revenue less the one-time cove opening expenses and restricted deficit

5 Fund Balance * Projected


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