District 2017/18 Unaudited Actuals September 12, 2018 1 SPUSD - - PowerPoint PPT Presentation

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District 2017/18 Unaudited Actuals September 12, 2018 1 SPUSD - - PowerPoint PPT Presentation

May 03, 2023 362 likes •442 views

Santa Paula Unified School District 2017/18 Unaudited Actuals September 12, 2018 1 SPUSD 2017/18 Unaudited Actuals Timeline and Process The Unaudited Actuals are the 4 th and final financial report prepared for 2017/18 The Fiscal

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Santa Paula Unified School District

2017/18 Unaudited Actuals

September 12, 2018

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SPUSD 2017/18 Unaudited Actuals

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Timeline and Process

  • The Unaudited Actuals are the 4th and final

financial report prepared for 2017/18

  • The Fiscal year ended June 30, 2018
  • All accounts & programs are closed in July and

August

  • The Unaudited Actuals report must be

submitted to the County Office of Education by September 15th

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SPUSD 2017/18 Unaudited Actuals

Estimated Actuals Unaudited Actuals Difference TOTAL REVENUES 67,185,157 69,396,470 2,211,313 TOTAL EXPENDITURES 69,855,715 70,355,365 499,650 NET CHANGE (2,670,558) (958,895) 1,711,663 BEGINNING BALANCE 17,768,697 17,768,697 ENDING BALANCE 15,098,139 16,809,802 1,711,663

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SPUSD 2017/18 Unaudited Actuals Components of Ending Fund Balance

Revolving Cash/Pre-paids 18,490 Committed Funds (Textbooks) 822,823 Economic Uncertainties (3%) 2,095,586 Assigned/Designated 829,759 Legally Restricted 1,016,874 Undesignated 12,026,270 Total Ending Balance 16,809,802

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SPUSD 2017/18 Unaudited Actuals Restricted Ending Balances (Entitlements):

Medi-Cal Billing Option 89,510 Lottery: Instructional Materials 407,647 Special Ed: Mental Health Services 825 College Readiness Block Grant 96,444 Other Restricted State 22,786 Routine Maintenance Account (RMA) 106,986 Other Restricted Local (Donations) 292,674 Total Ending Balance 1,016,874

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SPUSD 2017/18 Unaudited Actuals Unearned Revenues ( Grants):

Title I – Part A 391,713 Title II – Professional Development 85,543 Title III – Immigrant 6,913 Career Pathways – VC Innovates 28,046

  • Ag. Science

55,500 Total Carryovers 567,715

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SPUSD 2017/18 Unaudited Actuals

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Next Steps

  • Auditor (Nigro & Nigro)Visits/Testing by

November

  • Auditor Report due to VCOE/State by

December 15th

  • Board will receive Auditor’s report at a

January Board Meeting

  • Director of Budget & Finance will post

carryover revenues and expenditure budgets in the First Interim Report (December 15th)