2015 ‐ 16 Unaudited Actuals September 6, 2016 Presenter: Julie A. Betschart 1
Unrestricted Estimated Actuals Unaudited Actuals Difference +/- (Sept) (June) Beginning Fund Balance $56,880,629 $56,880,629 Ending Balance, $47,932,293 $61,313,680 $13,381,387 June 30, 2016 Net Increase/Decrease <$8,948,336> $4,433,051 $13,381,387 Stores, Revolving Cash, $938,009 $1,208,270 <$270,261> Prepaid Expenditures Economic Uncertainty $10,688,477 $10,292,753 $395,724 Assigned $3,802,748 $8,453,786 <$4,651,038> Unassigned Balance $32,503,060 $41,358,872 $8,855,812 2
Unrestricted Estimated Unaudited Difference +/- Actuals (June) Actuals (Sept) Revenues $286,128,795 $288,850,197 $2,721,402 Major factors of revenue difference: $0.60m ADA Adjustment based on 2015/16 Revised P2 $0.90m Unrestricted Lottery $0.60m Rebates – Utilities and Visa cards $0.20m Interest Income $0.20m Investments $0.20m Misc. Local Revenue Dollars are rounded 3
Unrestricted Estimated Unaudited Difference +/- Actuals (June) Actuals (Sept) Expenditures $253,211,498 $245,459,657 <$7,751,841> Major factors of expenditure difference: $1.60m additional savings in salaries and benefits $1.60m additional savings in supplies, services and operating $3.30m additional savings in services and other operating services $1.20m additional savings in capital outlay Dollars are rounded 4
Unrestricted Estimated Unaudited Difference +/- Actuals (June) Actuals (Sept) Other <$41,865,633> <$38,957,489> <$2,911,144> Sources/Uses Major factors of Other Sources/Uses difference: $3.0m reduction in Special Education contribution Dollars are rounded 5
2016/17 Budget Changes Since Adoption – Local Control Funding Formula Adjustments • Gap closure reduced from 54.84% to 54.18%, a decrease of <$217K> • ADA Adjustment based on Annual, an increase of $457K – One Time Mandate Reimbursement Reduction • Reduced from $237/ADA to $214/ADA a decrease of <$536K> 6
2016/17 Changes to Assigned Reserve – Increase in Property and Liability – $200K – Increase to Fiber Utility Fees – $477K – Elimination of LEA Medical Contribution to Special Education program – $195K – Addition of one Program Manager in Special Education – $104K – Addition of three Medical Procedure Specialists in Special Education – $145K – Addition of one teacher at Fairview – $104K – Addition of one Equipment Mechanic – $79K 7
Summary • At this time, the 2015/16 unaudited actual documents are recommended for approval. 8
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