Financial Reports
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Local Educational Agencies (LEAs) are required to adopt a budget prior to July 1 of each year in order to authorize the expenditure of funds. Additionally, in accordance with Education Code 42127, school districts shall hold a public hearing on the budget to be adopted for the subsequent year. The proposed budget is only an initial blueprint for revenues and expenditures since the preparation of the adopted budget occurs before the State has enacted its budget and before actual revenues and expenditures are known for the current year.
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The First Interim report is a snapshot in time of the local educational agency’s (LEA’s) revenue and expenditure forecasts for the current fiscal year as well as a projection of the two subsequent fiscal years. It is a time to adjust the budget based upon the Enacted Budget and subsequent trailer bills, the closing of the prior fiscal year, and other factors that impact revenue and expenditures. The First Interim report covers the period of time from July 1 through October 31 each fiscal year and must be submitted to the county office of education (COE) no later than December 15.
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The Second Interim budget report is a snapshot in time of a local educational agency’s (LEA) revenue and expenditure forecasts for the current fiscal year, as well as a projection of the two subsequent fiscal years. It is a time to adjust the budget based upon the Governor’s January State Budget proposal and subsequent trailer bills, discuss changes from the First Interim budget report, adjust revenues and expenditures, and begin projecting the ending balances for your funds and resources. The Second Interim report covers the period of time from July 1 through January 31, and must be submitted to the county office of education (COE) no later than March 15 (45 days after the close of the reporting period per Education Code Section [EC §] 42131[a]).
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Every year after June 30, local educational agencies (LEAs) switch from preparing the budget to closing the books. Under current law, the Unaudited Actuals are due to the County Office of Education (COE), and to the chartering agency for charter schools, by September 15.
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All school districts are required to have an annual audit by an external accounting firm. School districts are required to file the annual financial audit report for the preceding year with the County Education Office, the State Controller Office and the California Department of Education by December 15th of every year.
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)
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Linden Unified School District is dedicated to transparency and compliance with federal securities regulations by providing ongoing updates and disclosures for our general obligation bond financings. These updates, required under Rule 15c2-12 of the Securities Exchange Act of 1934, ensure that investors receive timely and accurate information while the bonds remain outstanding.
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The Education Protection Account (EPA) provides local educational agencies (LEAs) with general purpose state aid funding pursuant to Section 36 of Article XIII of the California Constitution. The EPA funding is a component of an LEA's total LCFF entitlement as calculated in the Principal Apportionment.
The creation of the Education Protection Account (EPA) by Proposition 30, The Schools and Local Public Safety Protection Act of 2012, approved by the voters on November 6, 2012, temporarily increased the state's sales tax rate for all taxpayers and the personal income tax rates for upper-income taxpayers. Proposition 55 extended Proposition 30 until the year 2030.
Revenues generated from Proposition 30 / Proposition 55 will be deposited into a newly created state account called the EPA, and local agencies have the sole authority to determine how the funds received from the EPA are spent with these provisions:- The governing board must approve the spending plan during a public meeting
- EPA funds cannot be used for the salaries or benefits of administrators or any other administrative costs
Each year, the local agency must publish on its website an accounting of how much money was received from the EPA and how the funds were expended.
2025-26
2025-26 EPA Budget - Resolution No.062625-R75
2024-25
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The Linden Unified School District Community Facilities District (CFD) No. 1 Tax Administration Report provides a detailed summary of the annual special tax levy for the fiscal year. This report includes a comprehensive listing of all parcels within the CFD boundaries and their respective tax levies.
In accordance with the disclosure requirements of Assembly Bill No. 1483 (AB 1483), this report is publicly posted to promote transparency regarding the District’s community facilities financing and related tax obligations.