District Finance Information March 1, 2011 2010-11 Expenditure - - PDF document

District Finance Information March 1, 2011

Appendix I - District Financial Picture

 2010-11 Expenditure Budget = $24,720,775

0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00%

PERSONNEL OPEB TRUST CONTINUING SPECIAL EDUCATION SUPPLEMENTAL B & G Supplemental Capital Expansion Fund

73.80% 0.59% 16.07% 6.12% 1.53% 1.88% 0.00% 2010-11 Arrowhead Union High School District General Fund and Capital Expansion Fund Expenditures

 2010-11 Revenue Budget = $24,720,775

0.00% 20.00% 40.00% 60.00% 80.00%

LOCAL SOURCES STATE SOURCES FEDERAL SOURCES OTHER SOURCES

74 74.94% .94% 20 20.60% .60% 0.47 0.47% 3.99 3.99% 2010 2010-11 11 ARROWHEAD WHEAD UN UNIO ION HIG N HIGH H SC SCHO HOOL OL DISTRIC ISTRICT T GENERA GENERAL L FU FUND ND AND ND CAPIT PITAL L EX EXPANSI NSION ON FU FUND ND REV EVENUES ENUES

7,696,560 8,588,983 8,321,029 7,070,773 6,709,072 5,690,319 4,826,830

1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000

State Aid Amount ARROWHEAD UNION HIGH SCHOOL DISTRICT STATE AID REIMBURSEMENT



General Fund Balance on June 30, 2010 is $5,564,988



Used to avoid excessive short term borrowing thereby avoiding associated interest expense (Arrowhead’s General Fund Balance is $5,564,988 yet the district is borrowed $3,700,000 in 2010-11 to meet cash flow requirements)



Uses of General Fund Balance can include “one time” expenditures or emergency expenditures



General Fund Balance demonstrates financial stability and therefore preserves or enhances the district’s bond rating. Thus saving long term borrowing interest expense.



The district’s projected General Fund Balance of $5,564,988 offsets district liabilities including Other Post Employment Benefits



A prudent business practice would be to retain three months of expenditures as working cash. Three months of general fund expenditures at AHS amounts to approximately $6,180,194

2010-11 General Fund $17,637,885 Long Term Debt $2,003,514 Capital Expansion Fund $0 Community Service $15,000 TOTAL $19,656,399

 FACTORS  Per Pupil Cost adjusted annually (-500, -$250,

$200, $274)

 Three year Rolling Average Enrollment change  State Equalization Aid Reimbursement  Community Service Tax Levy  Referendum Approved Debt Service Tax Levy

 Aa1 Rating (next highest rating is Aaa, which

• nly six districts in the state have)

 Only 11 districts in the state have Aa1 Moody’s

rating (207 districts have Moody’s ratings)

 Factors contributing to the Aa1 Moody’s rating

include: solid reserve levels, large tax base, low debt burden