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FISCAL YEAR 2007-2008 Financial Report September 2007 Year To Date.

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Presentation on theme: "FISCAL YEAR 2007-2008 Financial Report September 2007 Year To Date."— Presentation transcript:

1 FISCAL YEAR Financial Report September 2007 Year To Date

2 SEPTEMBER 2007 EXECUTIVE SUMMARY $332M Annual GOB Budget/Total Budget - $447M GOB Revenues are tracking above budget with a $.4M positive variance Positive revenue variance is offset by charter school payments

3 EXECUTIVE SUMMARY - Continued GOB Expenditures are tracking above budget with a $.3M positive variance The Districts $22M cash balance thru September is tracking as projected and is sufficient to cover current operations/ Total Cash - $155M Projected deficit cash flow in November will be covered by working capital in other funds

4 EXECUTIVE SUMMARY - Continued Non-General Operating Funds o Minimal overall activity; revenues tracking close to expenditures o $6M payment in Debt Service Fund will reduce bond indebtedness Budget Concerns o Shortfalls o Requested Initiatives o Other Potential Risks o Revenue Generating Recommendations o No Contingencies

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6 ST. LOUIS PUBLIC SCHOOLS GENERAL OPERATING FUNDS FINANCIAL REPORT SEPTEMBER 2007 In Thousands JULY 2007 BEGINNING FUND BALANCE($13,612) APPROVED REVENUE BUDGET$332,610 YTD REVENUES$ 39,198 APPROVED EXPENDITURE BUDGET$332,188 YTD EXPENDITURES $ 54,615 JUNE 2008 ENDING FUND BALANCE ($12,719) (ORIGINAL PROJECTION)


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