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Treasurer’s Report September, 2009

Treasurer’s Report September, 2009. Board of Education Meeting Park Hill School District October 8, 2009. PAGE 1. TREASURER’S REPORT September, 2009. Revenue September Operating Revenue = $3,714,162. Major Revenue Items.

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Treasurer’s Report September, 2009

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  1. Treasurer’s ReportSeptember, 2009 Board of Education Meeting Park Hill School District October 8, 2009

  2. PAGE 1 TREASURER’S REPORTSeptember, 2009 Revenue September Operating Revenue = $3,714,162 Major Revenue Items * $457,429 of $1,348,056 in State Foundation Formula from ARRA Stimulus Funds in State Stabilization

  3. PAGE 2 TREASURER’S REPORTSeptember, 2009 Debt Service Revenue • September Debt Service Revenue = $58,120 • Source: Delinquent Tax and Earnings on Investments • Debt Service Notes • Current Tax Collections Will Account for Majority of Debt Service Revenue • $0.6107 Debt Service Levy Drives Current Tax Revenue Beginning in December/January

  4. PAGES 1 & 2 TREASURER’S REPORTSeptember, 2009 Revenue Notes • Revenue Positives • Receipt of Significant ARRA “Stimulus” Revenues from State Stabilization Fund • Typical September Revenues • Historically Low Revenue Month • Revenue Concerns • No significant revenue concerns

  5. PAGE 2

  6. PAGE 3 TREASURER’S REPORTSeptember, 2009 • September Operating Expenditure Total $9,609,513 • All expenditures within district budgeted amounts September is the first month of FY2010 fiscal year that includes teacher compensation. September payrolls account for $7,215,692 of total expenditures.

  7. PAGE 3 TREASURER’S REPORTSeptember, 2009 Expenditure Notes • Expenditures currently within budgeted amounts • Much slower spending of in Building/Capital Projects Fund than FY2009 • 29.02% compared to 83.11% • September through May will have similar expenditure figures Expenditure Concerns • None

  8. PAGE 4 TREASURER’S REPORTSeptember, 2009 FY2010 Invested Money • September revenue strategically invested to mature to meet monthly cash flow needs • Interest rates approximately 0.25%

  9. TREASURER’S REPORTCash Flow PAGE 5 Operating Receipts: $3,714,161 Operating Expenditures: ($9,609,513) ($5,895,352)

  10. Treasurer’s ReportSeptember, 2009 Board of Education Meeting Park Hill School District October 8, 2009

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