September 2010

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					                                 September 2010




Board Members:

  Don Pendergrass, President
  Mike Elliott, Vice President
  Pam Doyle
  Farrell Southern                                Jeff Wooten, Ed.D.
  Willis Thompson                                  Superintendent
                          Bank Accounts
                          September 2010
GENERAL/SPECIAL/CAPITAL

Beginning Bank Balance General Fund                            $1,718,909.11
Beginning Bank Balance Special Funds                            $303,817.25
Beginning Bank Balance Capital Funds                              668,808.07
Beginning Bank Balance Donations                                       50.00
Total Beginning Bank Balance                                   $2,691,584.43
General Fund CD                                                 1,000,000.00
Revenues                                        1,356,841.25
Extended Day Income                                19,697.96
Interest Income                                     3,213.32
Total Income                                                    1,379,752.53

Expenditures
Transferred to CD                                       0.00
Accounts Payable                                  499,672.35
Payroll                                         1,529,835.24
Transfers out- to CNP                              48,365.60
Total Expenditures                                              2,077,873.19
Ending Bank Balance                                             2,993,463.77
Less Public School Fund                                           722,171.03
Total Bank Balance                                             $2,271,292.74
                                  General Fund $1,081,883.43
                               General Fund-CD $1,000,000.00
                                  Special Funds $189,359.31
                                     Donations         50.00
Total Expndiable Money                         $2,271,292.74

CHILD NUTRITION

Beginning Bank Balance                                          $316,985.32
Revenues                                          149,616.00
Transfer in from Gen Fund                          48,365.60
Total Income
                                                                 197,981.60
Expenditures:
Transferred to CD
Accounts Payable                                  163,879.02
Payroll                                            82,549.80
Total Expenditures
                                                                 246,428.82

Ending Bank Balance                                             $268,538.10
                               General Fund
                                                                                     State and Local Revenues
                       Comparison of Budget and Actual
                        October 2009-September 2010

REVENUES                                    BUDGET                       ACTUAL      DIFFERENCE
  STATE                                   $13,159,401                  $12,933,991      -$225,410
  FEDERAL                                       $750                         $846             $96
  LOCAL                                    $6,724,722                   $6,963,957       $239,235
  OTHER                                     $337,177                     $359,132         $21,955

TOTAL REVENUES                            $20,222,050                  $20,257,926        $35,876

EXPENDITURES


  INSTRUCTIONAL SERVICES                  $12,786,837                  $12,428,069      -$358,768

  INSTRUCTIONAL SUPPORT                    $3,779,837                   $3,683,405       -$96,432

  OPERATIONS & MAINTENANCE                 $1,793,220                   $1,730,746       -$62,474

  AUXILIARY SERVICES                         $180,771                    $190,441          $9,670

  GENERAL ADMINISTRATIVE                   $1,081,288                   $1,100,711        $19,423

  CAPITAL OUTLAY                                                               $0             $0

  OTHER                                     $816,216                     $783,126        -$33,090
TOTAL EXPENDITURES                        $20,438,169                  $19,916,498      -$521,671

EXCESS REVENUE OVER
(UNDER EXPENDITURES)                        -$216,119                    $341,428        $557,547

                       Federal stabilization paid for custodians         $675,272
                                                                   l
                                            Ending Balance               $333,844
General Fund Revenues and Expenditures By Function Code
             October 2009-September 2010

  Revenues                              Expenditures
 $20,257,926                            $19,916,498
                     State Revenues

$16,000,000
              $15,354,271
$15,500,000
                            $1,864,151                                               $6,032,504
$15,000,000
                                                                                     Loss in state revenues
                                                 $2,420,280
$14,500,000
                                                                    $1,748,073
$14,000,000
                                   $13,490,120                                   $13,606,198
$13,500,000

                                                          $12,933,991
$13,000,000

$12,500,000

$12,000,000

$11,500,000
               FY 2008              FY 2009                   FY 2010            Projected
                                                                                  FY 2011
                   Local Revenue Comparison
                September 2010 – September 2009




                           September 2010      September 2009     Difference

4 Mill Property Tax              $701,300             $657,049       $44,250
County Sales Tax                $1,044,991           $1,091,554     -$46,562
County Alcohol Bev Tax             $47,754              $48,901      -$1,147
3 Mill Property Tax              $462,824             $456,904        $5,920
13 Mill Property Tax            $2,005,569           $1,938,288      $67,281
District Alcohol Bev Tax           $46,657              $44,175       $2,482
City Council                    $1,260,000           $1,260,000           $0
TVA                              $886,824             $857,808       $29,016

Total                           $6,455,919           $6,354,680     $101,239




                                            Loss in state revenue $2,402,280
General Fund Expenditures By Object Code
      October 2009-September 2010
              $19,916,498
                                $17,037,089 Payroll Expense
                                $ 582,356 Transfer out to CNP for Benefits
                                $ 2,297,053 Operational Expenses
      $10,596,238 Certified                      Net savings on
       $1,739,961 Support                        Energy $155,193.15
         $173,522 Substitutes




                                                    School Systems Match

                                                    752.00 Insurance per employee
                                                           per month

                                                    12.51 Retirement
                                                     7.65 Medicare and Social
                                                    Security
                                                      .07 Unemployment
                                                    20.23 Per every dollar earned
                          Total Budget                          General, Federal, CNP,
                                                                Local Schools & Capital
                 Comparison of Budget and Actual
                  October 2009-September 2010


REVENUES                     BUDGET        ACTUAL      DIFFERENCE
  STATE                    $13,941,611   $13,715,799      -$225,812
  FEDERAL                   $3,084,273    $2,828,916      -$255,357
  LOCAL                     $9,879,639    $9,999,334       $119,695
  OTHER                     $2,200,440    $2,291,979        $91,539

TOTAL REVENUES             $29,105,964   $28,836,028      -$269,936

EXPENDITURES

  INSTRUCTIONAL
  SERVICES                 $15,077,125   $14,545,179      -$531,946
  INSTRUCTIONAL
  SUPPORT                   $4,397,702    $4,226,755      -$170,947
  OPERATIONS &
  MAINTENANCE               $3,384,323    $2,685,625      -$698,698
  AUXILIARY SERVICES        $2,217,841    $2,214,133        -$3,708
  GENERAL
  ADMINISTRATIVE            $1,158,995    $1,170,851        $11,856
  CAPITAL OUTLAY            $1,220,000    $1,158,025       -$61,975
  OTHER                     $1,573,699    $1,609,159         $35,460
TOTAL EXPENDITURES         $29,029,685   $27,609,727     -$1,419,958

EXCESS REVENUE OVER
(UNDER EXPENDITURES)          $76,279     $1,226,301     $1,150,022



                                         Actual
                  Total Funds
   Revenues and Expenditures By Function Code
          October 2009-September 2010
 Revenues                         Expenditures
$28,836,028                       $27,609,727
           GENERAL
               FUND     TOTAL FUNDS      DIFFERENCE        Capital Funds
STATE     $12,933,991     $13,715,799        $781,808
FEDERAL         $846       $2,828,916       $2,828,070   Federal Funds and Child Nutrition
LOCAL      $6,963,957      $9,999,334       $3,035,377
                                                            Local match Capital Funds,
OTHER       $359,132       $2,291,979       $1,932,847      Child Nutrition, Local
                                                            Schools, Extended day
          $20,257,926      $28,836,028      $8,578,102
                                                          Bond issue, transfers to
                                                          Child Nutrition, transfers to
                                                          Local Schools

				
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