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Financial Report on Las Cruces Public Schools as of December 31, 2011

This report presents the financial condition of Las Cruces Public Schools as of December 31, 2011. It covers key areas such as revenue position, operational cash balances, and expenditure analysis. The State Equalization Guarantee (SEG) revenue reached approximately $164.98 million, with a budgeted total revenue of $166.64 million. The report highlights operational expenditures, including an increase in substitute costs and sick leave costs. Furthermore, it notes trends in electricity costs, legal expenditures, and projects a decrease in cash balance by June 30, 2012.

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Financial Report on Las Cruces Public Schools as of December 31, 2011

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  1. Las Cruces Public SchoolsReport on Financial Condition As of December 31, 2011

  2. Revenue Position • Operational • SEG = $164,983,991 • Program units = 46,234.211 • Initial unit value $3,585.97 • Unit Value increased by $12.90 • SEG Increase $618,041.53 • Total Budgeted Revenue = $166,643,364 • Received = $83,631,881 (50%)

  3. Revenue Position

  4. Cash PositionOperational Cash/Investment Balances by Month As of December 31, the FY 2012 cash position is $1.3 million less than FY 2011

  5. Cash Position

  6. Cash Position

  7. Expenditure Analysis • Expenditure Comparison as of December 31

  8. Expenditure Analysis • Expenditure Comparison as of December 31

  9. Expenditure Analysis • Salaries • Encumbrances are in the system • Overall, budget appears adequate

  10. Expenditure Analysis • Total Sub cost – experiencing 4% increase over FY 2011

  11. Expenditure Analysis • Sick leave sub cost– Experiencing 20% increase over FY 2011

  12. Expenditure Analysis • Total sub cost projection

  13. Expenditure AnalysisElectricity Usage Trend Overall consumption is down.

  14. Expenditure AnalysisElectricity Costs Trend • EPEC Rate Restructure • Las Cruces electricity rates are comparable to those in California. • Realized cost is up 28% since 2009.

  15. Expenditure Analysis • Utilities • Projected costs within current budget.

  16. Expenditure Analysis • Legal Costs • Within budget allocation • History of legal costs

  17. Expenditure Analysis • Legal Costs

  18. Expenditure Analysis • Other issues • SEG • Increase in unit value = $12.90 (.36%) • Total increase = $618,041.53 • Budget Savings • Legal Costs • Utility Costs?

  19. 2011-12 Budget Summary • Substitutes • Projected expenditures exceed budget by $204,000. • Supplement Student Transportation - $958,567 • Supplement Title XX - $100,000 • Initial cash balance projection for June 30, 2012 is $5.5 million. • Cash is projected to decrease by $1.2 million from FY 11.

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