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FY 06/07 2 nd Interim March 27, 2007. Changes from 1 st Interim to 2 nd Interim UnrestrictedRestrictedCombined Revenues 1 st Interim New Revisions/Amendments.

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Presentation on theme: "FY 06/07 2 nd Interim March 27, 2007. Changes from 1 st Interim to 2 nd Interim UnrestrictedRestrictedCombined Revenues 1 st Interim New Revisions/Amendments."— Presentation transcript:

1 FY 06/07 2 nd Interim March 27, 2007

2 Changes from 1 st Interim to 2 nd Interim UnrestrictedRestrictedCombined Revenues 1 st Interim New Revisions/Amendments 2 nd Interim Projected Year Totals 61,520, (56,680) 61,463,985 19,708,717 1,902, ,134 21,717,105 81,228,867 1,902,769 49,454 83,181,090 Expenditures 1 st Interim New Revisions/Amendments Net Adjustments 2 nd Interim Projected Year Totals 55,169,447 - (177,797) 54,991,650 27,592,828 1,902, ,134 22,265 29,623,481 82,762,275 1,902, ,134 (155,532) 84,615,131

3 Changes from 1 st Interim to 2 nd Interim Year Totals UnrestrictedRestrictedCombined Other Sources/(Uses) 1 st Interim Budget Revisions 2 nd Interim Projected Year Totals (6,184,725) (31,277) (6,216,002) 6,039,840 22,266 6,062,106 (144,885) (9,011) (153,896) Net Increase (Decrease) in Fund Balance Beginning Balance Ending Balance 256,333 2,533,757 2,790,090 (1,844,271) 1,844,271 - (1,587,938) 4,378,028 2,790,090

4 Components of Fund Balance UnrestrictedRestrictedCombined Ending Fund Balance Revolving Cash For Economic Uncertainties Other Designations Available Unrestricted Reserve 2,790,090 50,000 2,582, ,000 (722,141) ,790,090 50,000 2,582, ,000 (722,141)

5 Multi-Year Projections Categories MAJOR ASSUMPTIONS Enrollment and ADA District Enrollment (CBEDS)9,9129,7599,535 District ADA – Projected9,4169,3359,116 District ADA – Funded9,4769,4169,335 Revenue Revenue Limit & Other State COLA5.92%4.04%2.70% Revenue Limit Deficits0% Equalization Aid Per ADA$84.59$0 Net Change in Revenue Limit$2.46M$1.77M$0.98M Net Percent Change in Revenue Limit4.8%3.3%1.76% Mandate Reimbursement$1.56M--

6 Multi-Year Projections Categories MAJOR ASSUMPTIONS Expenditures Step and Column Salary Increases$0.83M FY05/06 Negotiated Salary Increase$5.1M$2.5M Special Education Encroachment$0.96M$0.35M$0.5M CPI3.2%2.6%2.4% Indirect Cost Rate2.93% Spending Reductions and Reallocations$0.8M$1.4M- Fund Balance Mandate Reimbursement Set Aside-1.08M

7 Multi-Year Projections Categories REVENUES Revenue Limit Sources53,743,60555,517,71756,496,171 Federal Revenues6,365,7716,275,471 Other State Revenues13,954,12812,022,53612,308,629 Other Local Income9,117,5869,074,496 Total Revenues83,181,09082,890,22084,154,767 EXPENDITURES Salaries & Benefits67,813,19465,288,05066,021,363 Books/Supplies & Outlay5,148,3503,542,1233,626,836 Services & Operating Expenses10,589,7079,887,71610,399,280 Other Outgo & Transfers1,943,880 Total Expenditures85,495,13180,661,77081,991,359 Other Sources (Uses)(153,896)(514,249) Net Inc/Dec in Fund Balance(2,467,938)1,714,2011,649,159 BEGINNING BALANCE4,378,0281,910,0913,624,292 ENDING BALANCE1,910,0913,624,2925,273,451

8 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 1,910,091 50,000 2,582,231 - (722,141) 3,624,292 50,000 2,437,231 1,080,000 57,061 5,273,451 50,000 2,477,118 1,080,000 1,666,332

9 Outstanding Issues that Could Impact the Budget Negotiations P2 Average Daily Attendance

10 Food and Nutrition Services Multi-Year Projections Categories MAJOR ASSUMPTIONS Lunch Reimbursement Rates Federal Free Reduced Paid State – Free & Reduced Only Commodities Dollars Full Lunches Served - 517,376 87K 561, K 589,595 Capital Improvements-60K220K

11 Food and Nutrition Services Multi-Year Projections Categories REVENUES Federal Revenues1,147,2371,201,8601,256,953 Other State Revenues85,11088,49592,920 Other Local Income666,181739,700823,670 Total Revenues1,898,5282,030,0552,173,543 EXPENDITURES Salaries & Benefits1,140,6101,161,3061,178,726 Food and Supplies737,305723,999 Services & Operating Expenses16,87620,000 Capital Outlay23,42860,000220,000 Other Outgo & Transfers54,68155,82556,336 Total Expenditures1,972,9002,021,1302,199,061 Other Sources (Uses)134,322-- Net Inc/Dec in Fund Balance59,9508,925-25,518 BEGINNING BALANCE37,83697,786106,711 ENDING BALANCE97,786106,71181,193


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