1. Unaudited Actuals Financial Report
Fiscal Year
September 7, 2017
Presented by
Susana Lopez, Assistant Superintendent, Business Services

2. Overview 2 Final statement of revenues and expenditures for 2016-17.
Subject to Annual Audit conducted in the fall
Annual report filed with the State, outlining revenues, expenditures and final ending balances for all district funds.
Adopted Budget beginning fund balances are updated to reflect prior year ending fund balances. 2

3. Unrestricted General Fund – Revenues
Unaudited Actuals
LCFF Sources
$182,230,158
Federal Revenues
$76,962
Other State Revenues
$7,553,161
Other Local Revenues
$1,382,349
Total Revenues
$191,242,630 3

4. Unrestricted General Fund – Revenues4

5. Unrestricted General Fund – Expenditures
Unaudited Actuals
Certificated Salaries
$88,771,277
Classified Salaries
$17,940,114
Employee Benefits
$37,698,507
Books & Supplies
$3,421,969
Services & Other Operating Expenses
$15,010,763
Capital Outlay
$56,953
Other Outgo
$633,793
Direct/Indirect Costs
($2,563,739)
Total Expenditures
$160,969,637 5

6. Unrestricted General Fund – Expenditures6

7. Alvord – Unrestricted General Fund Estimated to Actual Comparison
Variance
Revenues
$191,027,773
$191,242,631
$214,858
Expenditures
$160,652,795
$160,969,637
$316,842
Increases/(Decrease)
$30,374,978
$30,272,994
($101,984)
Other Sources/(Uses)
($27,329,362)
($27,373,130)
($43,768)
Net Increase/(Decrease)
$3,045,616
$2,899,864
($145,752)
Beginning Fund Balance
$10,872,073 $0
Ending Fund Balance
$13,917,689
$13,771,937
Reserves – Required Min 3%
$6,353,990
$6,569,330
$215,340
Remaining Fund Balance
$7,548,699
$7,185,491
($363,210)

8. Alvord – Restricted General Fund Estimated to Actual Comparison
Variance
Revenues
$30,183,793
$32,111,753
$1,927,960
Expenditures
$55,946,182
$56,318,768
($372,586)
Increases/(Decrease)
($25,762,389)
($24,207,015)
$1,555,374
Other Sources/(Uses)
$25,638,951
$25,683,882
$44,931
Net Increase/(Decrease)
($123,438)
$1,476,867
$1,600,605
Beginning Fund Balance
$3,473,348 $0
Ending Fund Balance
$3,349,910
$4,950,216
$1,600,306

9. Multi-Year Projections – Unrestricted
Actuals
Projected
Total Revenues
$191,242,631
$193,205,943
$198,393,050
$203,732,751
Total Expenditures
($160,969,637)
($165,531,102)
($170,347,492)
($175,630,594)
Excess (Deficiency)
$30,272,994
$27,674,841
$28,045,558
$28,102,157
Other Sources/(Uses)
($27,373,130)
($29,598,445)
($30,239,331)
($30,866,508)
Net Increase/(Decrease)
$2,899,864
($1,923,604)
($2,193,773)
($2,764,351)
Beginning Balance, July 1
$10,872,073
$13,771,937
$11,848,333
$9,654,560
Ending Balance, June 30
$6,890,209 9

10. Components of Ending Fund Balance Unrestricted General Fund
Actuals
Projected
Ending Balance, June 30
$13,771,937
$11,848,333
$9,654,560
$6,890,209
Revolving Cash
$15,000
Economic Uncertainties 3%
$6,569,330
$6,698,030
$6,928,637
$7,041,227
Textbook Carryover
$1,000,000
Total Required Reserve
$7,584,330
$6,713,030
$6,943,637
$7,056,227
Reserve (Shortfall) / Surplus
$6,187,607
$5,135,303
$2,710,923
($166,018) 10

11. Other Funds – 2016-17 Ending Fund Balance
Fund Description
Estimated
Actual
Difference
Adult Education
$216,611
$202,913
($13,698)
Cafeteria
$2,862,572
$3,369,273
$506,701
Deferred Maintenance
$146,618
$145,150
($1,468)
Building (Bond)
$110,801
$316,828
$206,027
Capital Facilities
$451,655
$483,781
$32,126
County School Facilities
$5,442,546
$10,194,211
$4,751,665
Special Reserve Facilities
$1,007,612
$988,394
($19,218)
Capital Projects – CFD
$1,154,325
$1,282,861
$128,536
Bond Interest and Redemption Fund
$8,765,837
$9,567,453
$801,616
Debt Service – COP
$2,056,442 $0
($2,056,442)
Self-Insurance – Workers Comp
$5,687,567
($300,487)
($5,988,054)
Self-Insurance – Health & Welfare
$567,154
$454,522
($112,632)
Foundation Private-Purpose Trust
$39,308
$79,379
$40,071 11

12. Next Steps 12 Dec 2017 Board Action on 2017-18 First Interim Report
Jan Release of Governor’s Proposed State Budget
Jan Board Action on Annual Audit Report
Mar Board Action on Second Interim Report
May Release of Governor’s Budget May Revision
June Public Hearing LCAP & Adopted Budget
June Board Action on LCAP & Adopted Budget 12

13. Questions?