Bethel School District 2018-2019 Annual Financial Report November - PowerPoint PPT Presentation

Bethel School District 2018-2019 Annual Financial Report November 19, 2019

10-Year FTE Enrollment 19,500 19,145.47 19,007.80 19,000 18,647.10 18,389.10 18,500 18,000 17,440.04 17,366.69 17,500 16,973.00 16,867.00 17,000 16,777.24 16,642.91 16,500 16,000 15,500 15,000 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019

General Fund Actual Actual 2017-2018 2018-2019 Revenues Levy and Local Fund $50,037,232 $37,838,460 State Funding $193,178,699 $226,646,280 Federal Funding $14,760,144 $15,416,925 Others $268,006 $189,186 Total $258,244,080 $280,090,851 Expenditures Basic Education $128,205,167 $148,104,129 Special Education $32,953,458 $36,244,451 Career & Technolgy $8,332,420 $9,373,629 Skills Center $3,094,621 $3,474,338 Other Instructional $15,549,928 $17,833,056 Community & Support Services $54,801,875 $56,273,710 Total $242,937,470 $271,303,314 Difference $15,306,611 $8,787,537 Long-Term Financing (Laptop Lease) $1,556,251 Transfers In $664,617 $684,429 Transfers Out ($3,866,369) ($10,265,244) Sales of equipment $1,449 $29,323 Beginning Balance $56,380,739 $68,487,048 Ending Balance $68,487,048 $69,279,344

General Fund Ending Fund Balance Actual Actual 2017-2018 2018-2019 Total Ending Fund Balance $68,487,047 $69,279,343 Components of Ending Fund Balance Restricted $9,074,263 $11,878,210 Nonspendable $922,972 $1,806,821 Committed $15,365,531 $17,347,034 Assigned $30,707,556 $19,256,047 Unreserved, Unassigned $12,416,725 $18,991,232 Percentage of Total Ending Fund Balance to Expenditures 28% 26% Percentage of Unreserved, Unassigned Fund Balance to Expenditures 5% 7%

General Fund Revenues Other Federal 0.07% Local 5.50% 13.51% State 80.92%

General Fund Expenditures Support Services Community Services 20% 0% Other Instructional Programs 1% Compensatory Programs 6% Skills Center Regular Instruction 1% 55% Vocational Education 4% Special Education 13%

MSOC Funding vs. Spending Funding VS. Actual Spending $23 million < $27 million

ASB Fund Actual Actual 2017-2018 2018-2019 Revenues $1,835,405 $1,747,913 Expenditures $1,826,065 $1,851,185 Difference $9,341 ($103,272) Beginning Balance $1,762,616 $1,771,957 Ending Balance $1,771,957 $1,668,686

Debt Service Fund Actual Actual 2017-2018 2018-2019 Revenues Property Taxes $16,390,105 $16,668,909 Federal Rebate $227,409 $230,227 Interest $39,370 $78,700 Other $4,662 Total $16,656,884 $16,982,498 Expenditures Debt Service $16,006,318 $17,074,077 Issue Fees $2,100 Bonds Refunded Total $16,006,318 $17,076,177 Difference $650,566 ($93,678) Beginning Balance $2,502,942 $3,153,507 $3,059,828 Ending Balance $3,153,507

Capital Projects Fund Actual Actual 2017-2018 2018-2019 Revenues Local $7,072,854 $7,741,946 State $74,144 Other $6,370,610 $162,506,948 Total $13,517,608 $170,248,894 Expenditures Sites $2,972,774 $1,015,319 Buildings $6,130,766 $12,884,964 Equipment $3,047,998 $2,801,935 Sales and Lease $29,782 $14,891 Bond Issuance $776,216 Debt $3,026,109 $2,783,143 Total $15,207,429 $20,276,467 Difference ($1,689,821) $149,972,426 Transferred out ($664,617) ($684,429) Beginning Balance $13,923,194 $11,568,756 Ending Balance $11,568,756 $160,856,753

Transportation Vehicle Fund Actual Actual 2017-2018 2018-2019 Revenues State Funding $1,431,338 $1,377,205 Interest $15,621 $32,201 Other $238,576 Total $1,446,960 $1,647,982 Expenditures Buses $1,100,472 $2,216,723 Total $1,100,472 $2,216,723 Difference $346,487 ($568,741) Beginning Balance $1,310,983 $1,657,470 Ending Balance $1,657,470 $1,088,730

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