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1 Year End Summary Financial Presentation Financial Report Summary Financial Report for the General Operating Funds of the Brunswick City School District.

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Presentation on theme: "1 Year End Summary Financial Presentation Financial Report Summary Financial Report for the General Operating Funds of the Brunswick City School District."— Presentation transcript:

1 1 Year End Summary Financial Presentation Financial Report Summary Financial Report for the General Operating Funds of the Brunswick City School District Year Ended June 30, 2012 Presented by: Patrick K. East, Treasurer/CFO

2 2 Year End Summary Financial Presentation Cash Balances June 30, 2012 General Fund Ending Cash Balance $7,902,525 Unencumbered Cash Balance $7,333,839

3 3 Year End Summary Financial Presentation Days of Operating Cash Based on a 240 day Operating Year, our ending General Fun Cash Balance had an equivalent reserve to cover: 26 Days

4 4 Year End Summary Financial Presentation Estimates to Actual General Fund Estimated Resources to Actual Revenue: Total Revenue $62,077, % Over

5 5 Year End Summary Financial Presentation Estimates to Actual General Fund Estimated Expenditures to Actual Expenditures & Encumbrances: Total Expenditures $66,801, % Over

6 Unencumbered Cash FY 2013$1,129,000 est FY 2012$7,333,000 FY 2011$11,137,000 FY 2010$11,693,000 FY 2009$9,889,000 FY 2008$5,948,000 FY 2007$1,961,000 FY 2006$1,547,000 6 Year End Summary Financial Presentation

7 Basic State Aid FY 2013$20,015,000 est FY 2012$20,592,000 FY 2011$19,984,000 FY 2010$20,676,000 FY 2009$22,275,000 FY 2008$22,249,000 FY 2007$22,296,000 FY 2006$22,298,000 7 Year End Summary Financial Presentation

8 Personal Property Taxes FY 2013$ 816,000 est FY 2012$ 827,000 FY 2011$ 825,000 FY 2010$ 888,000 FY 2009$1,668,000 FY 2008$2,601,000 FY 2007$3,423,000 FY 2006$3,692,000 8 Year End Summary Financial Presentation

9 Personal Property Reimbursement (HB 66) FY 2013$ none FY 2012$ 932,000 FY 2011$2,222,000 FY 2010$2,182,000 FY 2009$1,854,000 FY 2008$1,024,000 FY 2007$ 770,000 FY 2006$ 129,000 9 Year End Summary Financial Presentation

10 General Fund – Federal Stimulus Money FY 2013$ none FY 2012$ 1,186,000 FY 2011$ 1,698,000 FY 2010$ 1,398,000 FY 2009$none FY 2008$none FY 2007$ none FY 2006$none 10 Year End Summary Financial Presentation

11 11 Year End Summary Financial Presentation Sources of Revenue  Real & Personal Property Tax 53.4%  State Basic Aid33.2%  Federal Aid (ARRA)2.0%  Other State Aid9.4%  Local Sources2.0%

12 12 Year End Summary Financial Presentation Expenditures  Salaries & Benefits85.5%  Purchased Services7.6%  Supplies & Equipment4.3%  Other Expenditures2.6%

13 General Fund – Estimated Cash Balances Five Year Forecast FY 2013 $ 1,129,000FY 2013 $ 1,129,000 FY 2014($ 5,152,000) FY 2015($ 13,599,000) FY 2016($ 24,348,000) FY 2017($ 37,541,000) 13 Year End Summary Financial Presentation

14 Financial Forecast 14


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