MAY 2010 Jeff Wooten, Ed.D. Superintendent Board Members: Farrell Southern, President Don Pendergrass, Vice President Pam Doyle Mike Elliott Willis Thompson

Bank Accounts May months GENERAL/SPECIAL/CAPITAL Beginning Bank Balance General Fund$2,200, Beginning Bank Balance Special Funds-$80, Beginning Bank Balance Capital Funds$793, Total Beginning Bank Balance $2,913, General Fund CD1,000, Revenues1,842, Extended Day Income20, Interest Income3, Total Income1,866, Expenditures Transferred to CD0.00 Accounts Payable203, Payroll1,555, Transfers out- to CNP48, Total Expenditures1,807, Ending Bank Balance 3,971, Less Public School Fund788, Expendiable Money $3,183, General Fund-Bank$2,073, General Fund-CD$1,000, Special Funds$110, Total Expndiable Money$3,183, CHILD NUTRITION Beginning Bank Balance$87, CD200, Revenues62, Transfer in from Gen Fund48, Total Income 111, Expenditures: Transferred to CD Accounts Payable63, Payroll84, Total Expenditures 147, Ending Bank Balance $251,519.34

I have not received the revenue collections from the state for May, 2010, will put in board packet on the 21 st.

General Fund Comparison of Budget and Actual May 2010 State and Local Revenues REVENUESBUDGETACTUALDIFFERENCE STATE$8,777,667$8,801,946$24,279 FEDERAL$550$702$152 LOCAL$5,368,396$5,239,538-$128,858 OTHER$207,498$315,168$107,670 TOTAL REVENUES$14,354,111 $14,357,354 $3,243 EXPENDITURES INSTRUCTIONAL SERVICES$8,555,267$8,276,600-$278,667 INSTRUCTIONAL SUPPORT$2,477,112$2,412,529-$64,583 OPERATIONS & MAINTENANCE$1,175,082$1,083,653-$91,429 AUXILIARY SERVICES$103,995$128,487$24,492 GENERAL ADMINISTRATIVE$722,985$721,794-$1,191 CAPITAL OUTLAY$0 OTHER$538,907$527,482-$11,425 TOTAL EXPENDITURES$13,573,348 $13,150,545 -$422,803 EXCESS REVENUE OVER (UNDER EXPENDITURES)$780,763$1,206,809$426,046 ActualBudgetTo the good

General Fund Revenues and Expenditures By Function Code May 2010 Revenues $14,357,354 Expenditures $13,150,545

Local Revenue Comparison May 2010 – May 2009 May 2010May 2009Difference 4 Mill Property Tax$663,871$608,856$55,015 County Sales Tax$594,619$664,021-$69,402 County Alcohol Bev Tax$24,762$26,602-$1,840 3 Mill Property Tax$438,140$418,143$19, Mill Property Tax$1,898,606$1,809,649$88,956 District Alcohol Bev Tax$30,244$28,921$1,324 City Council$840,000 $0 TVA$524,931$509,083$15,848 Total$5,015,174 $4,905,275 $109,899

General Fund Expenditures By Object Code May 2010 $13,150,545 $11,355,330 Payroll Expense $ 339,120 Transfer out to CNP for Benefits $ 1,456,095 Operational Expenses School Systems Match Insurance per employee per month Retirement 7.65 Medicare and Social Security.07 Unemployment Per every dollar earned

Total Budget Comparison of Budget and Actual May 2010 General, Federal, CNP, Principal Accounts & Capital REVENUESBUDGETACTUALDIFFERENCE STATE$9,299,141$9,480,777$181,636 FEDERAL$2,035,271$1,946,375-$88,896 LOCAL$7,562,031$7,310,878-$251,153 OTHER$1,817,637$1,963,635$145,998 TOTAL REVENUES $20,714,081 $20,701,665 -$12,416 EXPENDITURES INSTRUCTIONAL SERVICES$10,096,126$9,589,827-$506,299 INSTRUCTIONAL SUPPORT$2,853,316$2,756,941-$96,375 OPERATIONS & MAINTENANCE$2,013,191$1,681,908-$331,283 AUXILIARY SERVICES$1,462,042$1,602,007$139,965 GENERAL ADMINISTRATIVE$774,828$758,472-$16,356 CAPITAL OUTLAY$1,420,162$1,107,315-$312,847 OTHER$1,061,218$1,031,793-$29,425 TOTAL EXPENDITURES $19,680,883 $18,528,263 -$1,152,620 EXCESS REVENUE OVER (UNDER EXPENDITURES)$1,033,198$2,173,402$1,140,204 BudgetActualTo the good

Total Funds Revenues and Expenditures By Function Code May 2010 Revenues $20,701,665 Expenditures $18,528,263