Financial Reports
This page houses comprehensive financial information compiled by the Assistant Superintendent of Business Services, the Fiscal Services Director, and their team.
The District’s fiscal year runs from July 1st through June 30th. During each fiscal year there are four reporting periods as directed by the State of California and the San Joaquin County Office of Education. In addition to the period reports, an outside independent audit is required of the final annual report.
The reporting periods and their associated reports are:
July - June Adopted Budget
July - October 1st Interim Report
November - January 2nd Interim Report
July - June Final Audited Report
An outside independent audit is required annually.
Below are links to Lammersville Unified School Districts Adopted Budget Reports, Unaudited Actuals, and Annual Financial Reports.
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Adopted Budget |
1st Interim Report |
2nd Interim Report |
Unaudited Actuals |
Final Audit Report |
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Adopted Budget Reports
School Districts shall adopt a budget on or before July 1 of each year {Ed Code 42127(a)(2)}. The governing board shall file the budget with the county superintendent within five days of adoption or by July 1, whichever occurs first {Ed Code 42127(a)(2)}.
Interim Reports
Each interim fiscal report developed pursuant to Education Code 42130 shall include an assessment of the district budget as revised to reflect current information regarding the adopted state budget, district property tax revenues, if any, and ending balances for the preceding fiscal year. (Education Code 42130, 42131)
The interim reports shall be based on State Board of Education (SBE) criteria and standards which address fund and cash balances, reserves, deficit spending, estimation of average daily attendance (ADA), projected enrollment, ratio of ADA to enrollment, projected local control funding formula (LCFF) revenue, salaries and benefits, other revenues and expenditures, and facilities maintenance. For purposes of assessing projections of LCFF revenue, the first interim report shall be compared to the adopted district budget, and the second interim report shall be compared to the projections in the first interim report. (Education Code 42130; 5 CCR 15453-15464)
Audit Report
The Superintendent or designee shall provide the necessary financial records and cooperate with the auditor selected by the Governing Board to ensure that the audit report contains all information required by law and the Governmental Accounting Standards Board (GASB).
The audit shall include an audit of income and expenditures by source of funds for all funds of the district, including the student body and cafeteria funds and accounts and any other funds under the control or jurisdiction of the district, as well as an audit of student attendance procedures. The audit shall also include a determination of whether LCFF funds were expended in accordance with the district's local control and accountability plan or an approved annual update of the plan. (Education Code 41020)