FY 20 Budget (2019-2020 Academic Year) June 12, 2019 Accounting - - PowerPoint PPT Presentation

FY 20 Budget

(2019-2020 Academic Year)

June 12, 2019

Accounting Code Overview

XXX XXXX XXXX XXXX XXXXX X Fund Function Object Location Project Source (purpose) (type)

Fund Code (source & restrictions)

001 Incidental Fund (General revenue and expense) 002 Teachers Fund (Dedicated revenue & expense-certificate salary/benefit) Operating Funds Our general discussion topic including Funds 001 & 002. 003 Debt Service Fund (Bond principal, interest & fees) 004 Capital Fund (Capital qualified purchases)

Function (Purpose of Expense)

1000 Instruction 2000 Support 3000 Community Services (Non-instructional Support) 4000 Facilities 5000 Debt

Object (Type of Expense)

6100 Salaries 6200 Benefits 6300 Purchased Services (not on payroll) 6400 Supplies & Materials 6500 Capital 6600 Debt Service

Location

1000 District wide 1050 FHS 3000 FMS 4010 Bartley 4020 Bush 4080 McIntire (and Early Childhood programs) 8010 FECC

Project & Source

Projects are used to match expenses within state and federal programs such as: Title I, II, IV & V, IDEA Part B (Special Education), and Vocational Grants Projects are also used to track local funds by specific program such as: Individual sports, or items paid by central office, such as Kelly Services Source identifies the funding as Local (1), County (2), State (3) or Federal (4)

FY 20 Discussion

Pp 1-8 Transmittal Narrative P 10 FY 19 Estimated Year End P 11 FY 20 Requested Summary Pp 12/13 Revenues by Source and Fund Pp 14/15 Expense by Function (Purpose) Pp 16/17 Expense by Object (Type of Expense)

FY 20 Revenue & Expense

Summary data from pages 12, 13, 14, 15 Operating Funds All Funds Revenue $24,554,558 $26,483,353 Expense $24,272,489 $27,133,210 Net $282,069 ($649,857)

Historical Data

P 19 Revenue-All Funds Pp 20 Revenue-Operating Funds Pp 21 Revenue-Debt Service & Capital Projects Funds Pp 22/23 Expense-All Funds Pp 24/25 Expense-Operating Funds P 26 Expense-Debt Service & Capital Projects Funds

Requested Budget Detail

Expenses by Function (Purpose), by Location Pp 27-59 Operating Funds P 60 Debt Service Fund P 61 Capital Fund

Reference Information (Appendices)

B Historical Revenue - All Funds & Operating Funds D Assessed Valuation & Tax Data E Significant Tax Payers F Historical Expense- All Funds & Operating Funds G Salary Compliance Worksheet H Graphs of Revenue & Expense-All Funds & Operating Funds

Reference Information (continued)

I Debt Service Schedules J Curriculum Plan L Foundation Formula Projection Worksheet O Technology Plan P Athletic Uniform Plan R Budget Code Explanation

FY 20 Revenue & Expense

Operating Funds All Funds Revenue $24,554,558 $26,483,353 Expense $24,272,489 $27,133,210 Net $282,069 ($649,857) FY 20 estimated Operating year end fund balance, $8,095,595; 33.35%

Recommendation: The Administration recommends the Board adopt the FY 20 (2019-2020) Budget as presented.