Monthly Financial Report January 31, 2020 1 Year-to-Date Summary - PDF document

FAC Presentation 2/12/2020 2/11/2020 Monthly Financial Report January 31, 2020 1 Year-to-Date Summary Revenues • +$33M • +6% Expenditures • -$16M • -3% January 2020 Financial Report 2 1

FAC Presentation 2/12/2020 2/11/2020 January Highlights - Revenues Property Tax advances began • Settlement Expected 1 st Week of March • State Funding continues under plan as expected Other Revenues • +$3.6 million for the month +$9.6 million YTD ( Investment income +$4.7M, PILOTs +$2.9M) January 2020 Financial Report 4 Revenues Year-to-Date January 2020 Financial Report 5 2

FAC Presentation 2/12/2020 2/11/2020 All Other Revenues Year-to-Date January 2020 Financial Report 6 Year-to-Date Revenue Variances January 2020 Financial Report 7 3

FAC Presentation 2/12/2020 2/11/2020 Year-to-Date Revenue Variances Variance Percent of Total Source Variance amount Percentage Est. Rev. Property Taxes High* High* 54.5% State Aid High Low 38.6% Restrict. Fed. Grants Low Low 0.1% Property Tax Allocation Low High 3.2% All Other Revenues High High 2.4% Other Financing Sources Low High 1.3% “High”: Variance amount >= $5 million OR Variance percentage >= 5% January 2020 Financial Report 8 January Highlights - Expenditures • Personnel $5.0M under plan YTD: 1.4% ($343M expended) Salaries & Wages: $1.9M under, 0.8% Benefits: $3.1M under, 3.0% • Purchased Services continue to run under plan YTD Under plan every month this fiscal year $8.6M under, 5.6%, overall Comm. School, et al.: $950,000 under, 0.8% All other purchased services: $7.6M under, 21% January 2020 Financial Report 9 4

FAC Presentation 2/12/2020 2/11/2020 Expenditures Year-to-Date January 2020 Financial Report 10 All Other Expenditures YTD January 2020 Financial Report 11 5

FAC Presentation 2/12/2020 2/11/2020 YTD Expenditure Variances January 2020 Financial Report 12 YTD Expenditure Variances Percent of Total Variance Source Variance amount Budget Percentage Personnel High* Low 64.8% Purchased Services High High 8.2% Charter Low Low 22.2% Supplies Low Low 2.3% Capital Outlay Low High 0.5% Debt Low Low 0.4% Other Objects Low High 1.1% Other Uses Low High 0.4% “High”: Variance amount >= $5 million OR Variance percentage >= 5% January 2020 Financial Report 13 6