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FY06/07 1 st Interim December 12, 2006. Changes from Original Budget to Projected Year Totals UnrestrictedRestrictedCombined Revenues Original Budget.

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Presentation on theme: "FY06/07 1 st Interim December 12, 2006. Changes from Original Budget to Projected Year Totals UnrestrictedRestrictedCombined Revenues Original Budget."— Presentation transcript:

1 FY06/07 1 st Interim December 12, 2006

2 Changes from Original Budget to Projected Year Totals UnrestrictedRestrictedCombined Revenues Original Budget Carryover New/Revised Net Adjustments FY06/07 Projected Year Totals 59,937, ,561,053 21,201 61,520,150 18,509, , , ,708,717 78,447, ,622 1,802,952 21,201 81,228,867 Expenditures Original Budget Carryover New/Revised Budget Revisions BOE Budget Revision – CAT BG Net Adjustments FY06/07 Projected Year Totals 51,493, ,847,197 - (171,590) 55,169,447 23,687,100 2,790, , ,033 (105,097) 11,525 27,592,828 75,180,940 2,790, ,903 4,814,230 (105,097) (160,065) 82,762,275

3 Changes from Original Budget to Projected Year Totals UnrestrictedRestrictedCombined Other Sources/(Uses) Original Budget Budget Revisions BOE Budget Revision – IFTs BOE Budget Revision – CAT BG FY06/07 Projected Year Totals (5,748,142) (967,033) 425, ,097 (6,184,725) 5,177, ,033 - (105,097) 6,039,840 (570,238) - 425,353 - (144,885) Net Increase (Decrease) in Fund Balance Beginning Balance Ending Balance 165,978 2,533,757 2,699,735 (1,844,271) 1,844,271 - (1,678,293) 4,378,028 2,699,735

4 Components of Fund Balance UnrestrictedRestrictedCombined Ending Fund Balance Revolving Cash Legally Restricted For Economic Uncertainties Available Unrestricted Reserve 2,699,735 50, ,499, , ,699,735 50, ,499, ,760

5 Multi-Year Projections Categories MAJOR ASSUMPTIONS District Enrollment (CBEDS)9,9129,7599,535 District ADA – Projected9,4169,3359,116 District ADA – Funded9,4769,4169,335 Revenue Limit & Other State COLA5.92%4.7%2.8% Revenue Limit Deficits0% Equalization Aid Per ADA$73$0 Special Education Encroachment0.96 M0.35 M0.5 M Spending Reductions0.8 M-- Indirect Cost Rate2.93% CPI3.3%2.9%2.7%

6 Multi-Year Projections Categories REVENUES Revenue Limit Sources53,967,93056,081,68857,117,828 Federal Revenues6,099,481 Other State Revenues12,040,13110,942,71511,203,579 Other Local Income9,121,325 Total Revenues81,228,86782,245,20983,542,214 EXPENDITURES Salaries & Benefits67,162,21165,849,35666,638,155 Books/Supplies & Outlay3,744,9523,853,5563,957,602 Services & Operating Expenses9,890,2028,865,6429,332,310 Other Outgo & Transfers1,964,910 Total Expenditures82,762,27580,533,46481,892,977 Other Sources (Uses)(144,885)(570,238) Net Inc/Dec in Fund Balance(1,678,293)1,141,5071,078,999 BEGINNING BALANCE4,378,0282,699,7353,841,242 ENDING BALANCE2,699,7353,841,2424,920,241

7 Components of Fund Balance FY06/07 Projection FY07/08 Projection FY08/09 Projection Ending Fund Balance Revolving Cash For Economic Uncertainties For Other Designations Available Unrestricted Reserve 2,699,735 50,000 2,499, ,760 3,841,242 50,000 2,433,111 1,248, ,290 4,920,241 50,000 2,473,896 1,248,842 1,147,502

8 General Fund Revenues General Fund Revenue - $81.2 M

9 General Fund Expenditures

10 Unrestricted General Fund Expenditures Excludes $144,680 of Outgo and Direct/Indirect Support Unrestricted Expenditures - $55.0 M

11 Outstanding Issues that Could Impact the Budget Salary Formula Negotiations FCMAT Special Education Recommendations FCMAT Technology Recommendations

12 Food and Nutrition Services Multi-Year Projections Categories MAJOR ASSUMPTIONS Lunch Reimbursement Rates Federal Free Reduced Paid State – Free & Reduced Only Commodities Dollars Meals Served - 534, K 561, K 589,595 Capital Improvements-60K150K

13 Food and Nutrition Services Multi-Year Projections Categories REVENUES Federal Revenues1,049,3911,101,8601,156,953 Other State Revenues84,28188,49592,920 Other Local Income763,364839,700923,670 Total Revenues1,897,0362,030,0562,173,544 EXPENDITURES Salaries & Benefits1,138,4241,149,8081,167,055 Food and Supplies804,443723,999 Services & Operating Expenses19,46620,000 Capital Outlay11,53860,000150,000 Other Outgo & Transfers57,49655,48955,994 Total Expenditures2,031,3682,009,2962,117,048 Other Sources (Uses)134,332-- Net Inc/Dec in Fund Balance-20,76056,495 BEGINNING BALANCE37,836 58,596 ENDING BALANCE37,83658,596115,091


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