Delaware Military Academy
BUDGET 2011
4/30/2011 10TH MONTH-83.33%
Currrent year YTD Proposed FYE 11 Budget % to Budget Comments
Revenue
State aid 3,277,325 3,263,437 100.4%
Ed Jobs Fund 97,035 97,035
RTTT 6,222 6,222
MCI 29,085
Stablelization 46,000 46,000 100.0%
Ed Block Grant 19,686 19,686
School district aid 1,470,813 1,470,813 100.0%
Federal aid 135,000 135,000 100.0%
Navy aid 253,650 271,200 93.5%
Operating revenue 5,334,816 5,309,393 100.5%
Interest Earned 5,600 10,455 53.6%
Endowment income
Contributions & other 84,565 120,491 70.2% $35,926 shortfall
Uniform deposits 28,000 28,000 100.0%
Nonoperating revenue 118,165 158,946 74.3%
Total Revenue 5,389,216 5,468,339
Expenses
Salaries & benefits 3,002,054 3,460,100 86.8%
Utilities 79,679 110,000 72.4%
Transportation 329,568 485,000 68.0%
Textbooks and instructional supplies 84,565 55,000 153.8% $28,000 textbooks
Building maintenance and custodial services 58,456 78,000 74.9%
Other expenses 156,875 285,000 55.0%
Total expenses 3,711,197 4,473,100 83.0%
Capital outlays
Equipment 9,702
Property 117,212 167,000 70.2% brightfields/dnrec $117,212/50k Eng Firm/$51,579.10 1/4/11
Total capital outlays 126,914 167,000 76.0%
Debt service
Bank fees 218,543 257,440 84.9% pnc loc/well fargo
Principal 200,000 200,000 100.0% wsfs principal
Interest 298,012 370,799 80.4%
Total debt service 716,555 828,239 86.5%
Total expenditures 4,554,666 5,468,339 83.3%
Net Change in cash 834,550 (0)
Beginning cash balance 1,129,523 1,129,523
Ending cash balance 1,964,073 1,064,032