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2019 AFR ANNUAL FINANCIAL REPORT
PRESENTED BY: ALYSSA UNGER OCTOBER GOVERNING BOARD MEETING
ANNUAL FINANCIAL REPORT
The AFR is an annual report required by the
- State. It summarizes
2019 AFR ANNUAL FINANCIAL REPORT PRESENTED BY: ALYSSA UNGER - - PowerPoint PPT Presentation
2019 AFR ANNUAL FINANCIAL REPORT PRESENTED BY: ALYSSA UNGER - - PowerPoint PPT Presentation
2019 AFR ANNUAL FINANCIAL REPORT PRESENTED BY: ALYSSA UNGER OCTOBER GOVERNING BOARD MEETING ANNUAL FINANCIAL REPORT The AFR is an annual There are 9 different The AFR is due to report required by the pages that State. It summarizes ADE
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MAINTENANCE AND OPERATIONS SPENDING BY CATEGORY
In Instructio ion 35% 35% Sp Special Education 12% 12% CT CTE 2% 2% St Student Su Support 9% 9% Ex Extra Curricular 2% 2% Ad Admin, Technology, HR 15 15% Pl Plant nt Ope perations ns 18 18% Tr Transportation 7% 7%
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TOP 5 SPENDING CATEGORIES- ALL FUNDS
20 2019 9 EXP EXPEN ENSES SES TOT TOTAL % TEACHER BASE SALARIES $5,068,949 23.5% CLASSIFIED SALARIES $3,658,969 17% STATE RETIREMENT $1,317,438 6% HEALTH INSURANCE $1,218,507 5.5% CERTIFIED NON CLASSROOM TEACHERS $1,192,233 5.5%
55% 16% 6% 1% 2% 1% 1% 4% 1% 2% 5% 5% 1% 0% Salaries Benefits Utilities Capital Food Fuel Insurance IT Debt Service Professional Dev. Services Supplies Tuition Fee
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CAPITAL PURCHASES
¡ Capital purchases by fund ¡ Furniture, technology hardware & equipment:
$285,142
¡ Software annual fees: $148,126
$- $20,000.00 $40,000.00 $60,000.00 $80,000.00 $100,000.00 $120,000.00 State Capital- DAA State Grants Federal Grants JTED Bonds Food Service Rental Revenue Furniture/Equipment Technology
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CAPITAL PURCHASES
¡
CTE Federal Funds purchased a new robotics/business laptop lab.
¡
Remaining 2008 bonds funds purchased a new playground system for West School 5/6th grade that did not have any equipment and replaced the broken sound system in the CHS Roundhouse.
¡
Security cameras were installed at Heartland Ranch, West and CAP using E-Rate funds (federal).
¡
Food Services replaced a mobile heated cabinet and hot food serving line (federal).
¡
JTED/CAVIT funds purchased and updated several pieces of CTE equipment, including a stock trailer (Ag), Gator utility vehicle (Sports Med), and the greenhouse (Ag).
¡
Gila River state grant funds purchased STEM reading furniture for Heartland Ranch’s STEM lab.
¡
DAA funds replaced the broken graduation stage at CJHS/CHS.
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McKinstry STEM funds renovated the STEM labs at both Heartland Ranch and West.
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Trade in of used iPads + E-rate paid 2nd of 3 iPad lease payments.
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REPAIRS AND PREVENTATIVE MAINTENANCE
¡ $227,719 service calls/repairs for HVAC, elevators, alarm systems, backflows,
water heaters, including required annual inspections of fire extinguishers and sensors.
¡ $18,941 School Facilities Board covered failed HVAC disconnects at West School. ¡ $27,749 School Facilities Board covered repairs to backflows at CAP. ¡ $9,700 to screen and recoat gym floors (preventative maintenance) at CJHS/CHS. ¡ $36,334 for repairs to student transportation vehicles.
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UTILITIES, FUEL, INTERNET- $1,377,028
Phone Internet APS Fuel Other Utilities $133,591.00 $123,376.00 $678,728.00 $162,556.00 $278,777.00
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ADDITIONAL CASH RESOURCES
¡
Medicaid, Impact Aid, Indirect Costs (administrative purposes), Rental Revenues and E-rate (technology purposes, pays iPad lease payment) all serve as funds that can be used for capital purposes, but they also serve as assets.
¡
The ending cash each year in these funds are reported as assets in the district’s financial statements. The cash serves as a buffer throughout the year when the M&O fund waits for its revenue from the state and property taxes.
¡
1 month operating = $1,200,000+
$- $200,000.00 $400,000.00 $600,000.00 $800,000.00 $1,000,000.00 $1,200,000.00 $1,400,000.00 $1,600,000.00 2019 2018 2017 2016
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ADDITIONAL STATS
Average Teacher Salary 2019 $49,554 Average Teacher Salary 2018 $42,945 Average Salary Increase 2018>2019 $6,609 Average % Increase 2018>2019 15.4% Average Teacher Salary 2019 Including all pay $56,575 Health In Insurance C Cost Single e employee
2018 $7,756.56 2019 $8,146.68
Ye Year AD ADM 2017 2,045 2018 2,173 2019 2,151 2020 2,169
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ANNUAL BOND UPDATE- 2008 BOND ELECTION ($55MIL AUTHORIZATION)
¡ $47,916 remains in the bond fund from the last bond sale in 2014. The amount is
not considered significant and it does not accrue interest.
¡ The last expenditures include;
¡ Sound system install in the CHS Roundhouse (last piece to the renovation). (Athletic facility
category)
¡ Playground install at West Elementary. (Improving school grounds category)
¡ The funds remaining, after the renovation of the CHS Roundhouse came in under
budget, can be spent on:
¡ Constructing or renovating school buildings ¡ Purchasing pupil transportation ¡ Improving school grounds/athletic facilities
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CLOSING
¡ The AFR does not take into account any expenses or funds that cross fiscal years. ¡ Negative cash balances in grants funds are carried into the next year where the
future revenues are applied.
¡ The complete accounting of all funds is presented in our CAFR (financial
statements) which is due to be complete by December 31st.
¡ The CAFR is used by investors and lenders and describes the district’s financial
standing.
¡ Despite a school district’s non-profit status, investors and lenders still want to see an
increase/gain in your fund balances (cash on hand at year end).
¡ The general fund ending balance dipped in 2018, as reserves were used for the 1st lease
payment for student iPads, before being built back up in FY2019.
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