1. Financial Presentation Including the Revised Budget
November 15 ,2018

2. Agenda Revised Budget Revenues Revenues by “Source”
Updated Projections
Expenditures
Breakdown of Budgeted Expenditures by Object
Updated Projections/Adjustments
Projected Fund Balances

3. Breakdown of Revenues **Not Including Bond Revenues

4. State Revenue Formula/Classroom Trust/Prop “C” Decrease in WADA
Reduction in formula/Classroom Trust by approximately ($90,000)
Prop C = Reduction of approximately ($40,000)
Transportation
Currently projected at $817,000
Transportation has been reduced significantly over the years and continues to be reimbursed at a significantly low rate
ECSE = Increase of $217,000
Direct reimbursement of previous year’s expenditures

5. Sources of Revenue Local Current Assessed Valuation - $605,385,790
Local Tax Collection – budgeted at 98% collection rate
The majority of our local taxes will be collected in December and January
Increase of $125,000 from the Preliminary Budget
State
ECSE – Increase of $217,000; This reimbursement is tied directly back to last years expenditures
Federal
No adjustment at this time from the Preliminary Budget

6. Expenditures Operating

7. Expenditures Staffing
Staffing/Benefits – Updated to reflect our closer to actual numbers
Purchased Services/Student Behaviors
Therapy Relief
Sunny Hill
Supplies – (One time expenditures)
Textbooks
Building Allocations
Technology
Upgrading Switches to strengthen the network

8. As the year continues………..
We will continue to track Revenues that can still fluctuate
Local Tax Collection
Transportation
Bond Projects
The economy is good, bids have been fluctuating up as much as 25%

9. Revised Budget “Operating Fund”
Opening Fund Balance $ 15,997,008
Total Revenues $ 65,860,221
Total Expenditures $(65,727,963)
Ending Fund Balance $ 16,129,266
Ending Fund Balance %
Percentage based on our most current snapshot in time; The Revised Budget is based on our most current projections and will be adjusted again at the Amended Budget in April.

10. General Fund Balances by %
2/22/ :13 PM
General Fund Balances by %