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FY07/08 1 st Interim December 11, 2007. Changes from Original Budget to Projected Year Totals UnrestrictedRestrictedCombined Revenues Original Budget.

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Presentation on theme: "FY07/08 1 st Interim December 11, 2007. Changes from Original Budget to Projected Year Totals UnrestrictedRestrictedCombined Revenues Original Budget."— Presentation transcript:

1 FY07/08 1 st Interim December 11, 2007

2 Changes from Original Budget to Projected Year Totals UnrestrictedRestrictedCombined Revenues Original Budget Carryover New/Revised Net Adjustments FY07/08 Projected Year Totals 61,714,900 - 228,101 111,071 62,054,072 19,788,297 1,106,976 806,279 - 21,701,552 81,503,197 1,106,976 1,034,380 111,071 83,755,624 Expenditures Original Budget Carryover New/Revised Net Adjustments FY07/08 Projected Year Totals 52,141,581 - (302,666) 51,838,915 26,087,695 6,504,793 806,279 807,713 34,206,480 78,229,276 6,504,793 806,279 505,047 86,045,395

3 Changes from Original Budget to Projected Year Totals UnrestrictedRestrictedCombined Other Sources/(Uses) Original Budget Net Adjustments FY06/07 Projected Year Totals (6,735,304) (614,377) (7,349,681) 6,299,398 614,377 6,913,775 (435,906) - (435,906) Net Increase (Decrease) in Fund Balance Beginning Balance Ending Balance 2,865,476 2,074,863 4,940,339 (5,591,153) 5,591,153 - (2,725,677) 7,666,016 4,940,339

4 Components of Fund Balance UnrestrictedRestrictedCombined Ending Fund Balance Revolving Cash Legally Restricted For Economic Uncertainties Other Designations Available Unrestricted Reserve 4,940,339 50,000 - 2,594,439 2,042,207 253,693 ------------ 4,940,339 50,000 - 2,594,439 2,042,207 253,693

5 Multi-Year Projections Major Assumptions Categories 2006-20072007-20082008-20092009-2010 Enrollment and ADA District Enrollment (CBEDS)9,9129,9549,7999,717 District ADA – Projected9,4859,5129,3559,288 District ADA – Funded9,4859,512 9,355 Revenue Revenue Limit COLA5.92%4.53%4.30%2.50% Revenue Limit Deficits0% Equalization Aid Per ADA$86.56--- Base Revenue Limit$5,525$5,777$6,027$6,179 Federal COLA0% Other State COLA5.92%4.53%4.30%2.50% Mandate Reimbursement$1.33M---

6 Multi-Year Projections Major Assumptions Categories 2006-20072007-20082008-20092009-2010 Expenditures Step and Column Salary Increases$0.83M FY05/06 Negotiated Salary Increase (4.7%)$5.1M$2.5M FY07/08 Negotiated Salary Increase (2.0%)-$0.8M$1.1M FY08/09 Negotiated Salary Increase (4.0%)--$1.9M$2.2M Growth in Special Education Encroachment$1.22M$0.61M$0.50M Inflationary Increase - CPI3.4%2.6%2.4%2.7% Indirect Cost Rate2.93%2.84%3.22% Spending Reductions and Reallocations$0.8M$1.4M-- Fund Balance Mandate Reimbursement Set Aside-1.08M

7 Multi-Year Projections Categories2006-20072007-20082008-20092009-2010 REVENUES Revenue Limit Sources53,841,71955,648,03758,029,03258,478,891 Federal Revenues5,234,6775,081,372 Other State Revenues15,525,25613,782,94114,314,85614,637,406 Other Local Income9,967,2709,243,2749,127,718 Total Revenues84,568,92183,755,62486,552,97787,325,387 EXPENDITURES Salaries & Benefits66,452,04467,144,45270,022,18170,863,743 Books/Supplies & Outlay2,612,8907,266,7352,888,4932,779,419 Services & Operating Expenses9,384,99110,940,23410,540,82211,305,424 Other Outgo & Transfers2,251,7601,518,974 Total Expenditures80,701,68586,870,39584,970,47086,467,560 Other Sources (Uses)(579,249)(435,906) Net Inc/Dec in Fund Balance3,287,987(3,550,677)1,146,602421,920 BEGINNING BALANCE4,378,0287,666,0164,115,3395,261,940 ENDING BALANCE7,666,0164,115,3395,261,9405,683,861

8 Components of Fund Balance FY06/07 Actuals FY07/08 Projection FY08/09 Projection FY09/10 Projection Ending Fund Balance7,666,0164,115,3395,261,9405,683,861 Revolving Cash50,000 For Economic Uncertainties2,438,4282,619,1892,562,1912,607,104 Legally Restricted Balance5,591,153--- For Other Designations Mandate Cost Reimbursement-1,080,000 P2 ADA-137,207-- Available Unrestricted Reserve(413,565)228,9431,569,7491,946,757

9 Unrestricted Revenue

10 Unrestricted Expenditures

11 Unrestricted Non-Personnel Expenditures

12 Outstanding Issues that Could Impact the Budget State Budget Average Daily Attendance (ADA) Other Post Employment Benefits (OPEB) Negotiations

13 Components of Fund Balance FY06/07 Actuals FY07/08 Projection FY08/09 Projection FY09/10 Projection Ending Fund Balance7,666,0164,115,3395,261,9405,683,861 Revolving Cash50,000 For Economic Uncertainties2,438,4282,619,1892,562,1912,607,104 Legally Restricted Balance5,591,153--- For Other Designations Mandate Cost Reimbursement-1,080,000 P2 ADA-137,207-- Available Unrestricted Reserve (413,565)228,9431,569,7491,946,757 If 3% COLA - Available Unrestricted Reserve228,943809,359415,939 If 2% COLA - Available Unrestricted Reserve228,943224,443(761,613)

14 Food and Nutrition Services Multi-Year Projections Categories 2007-20082008-20092009-2010 MAJOR ASSUMPTIONS Lunch Reimbursement Rates Federal Free 2.24 2.25 Reduced 1.84 1.85 Paid 0.25 State – Free & Reduced Only0.2195 0.2295 Commodities Dollars Meals Served 100K 589,519 105K 600,000 115K 610,00 Capital Improvements70K75K

15 Food and Nutrition Services Multi-Year Projections Categories2007-20082008-20092009-2010 REVENUES Federal Revenues1,353,2781,355,8981,358,398 Other State Revenues126,842127,000128,500 Other Local Income686,903710,485742,985 Total Revenues2,167,0232,193,3832,229,883 EXPENDITURES Salaries & Benefits1,136,7501,187,9041,199,783 Food and Supplies832,657800,000820,000 Services & Operating Expenses40,99220,00030,000 Capital Outlay70,00075,000 Other Outgo & Transfers100,50797,20899,992 Total Expenditures2,180,9062,180,1122,224,775 Other Sources (Uses)-- Net Inc/Dec in Fund Balance(13,883)13,3715,108 BEGINNING BALANCE184,474170,591183,962 ENDING BALANCE170,591183,962189,080


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