Presentation on theme: "Las Cruces Public Schools Report on Financial Condition As of December 31, 2011."— Presentation transcript:
Las Cruces Public Schools Report on Financial Condition As of December 31, 2011
Revenue Position Operational SEG = $164,983,991 Program units = 46,234.211 Initial unit value $3,585.97 Unit Value increased by $12.90 SEG Increase $618,041.53 Total Budgeted Revenue = $166,643,364 Received = $83,631,881 (50%)
Revenue Position * Comment sizing is an analytical tool that is used when comparing two data points that have a wide range in value. The common size factor is computed by dividing the selected value for each year by the base year. Once the data points are common sized, a meaningful analysis of the data points may be completed. We elected to use 2008 as the base year.
Cash Position Operational Cash/Investment Balances by Month As of December 31, the FY 2012 cash position is $1.3 million less than FY 2011
Expenditure Analysis Other issues SEG Increase in unit value = $12.90 (.36%) Total increase = $618,041.53 Budget Savings Legal Costs Utility Costs?
2011-12 Budget Summary Substitutes Projected expenditures exceed budget by $204,000. Supplement Student Transportation - $958,567 Supplement Title XX - $100,000 Initial cash balance projection for June 30, 2012 is $5.5 million. Cash is projected to decrease by $1.2 million from FY 11.