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Unaudited Actuals June 30, 2010. General Fund, Special Revenue, Capital and Debt Service Funds. Unaudited Actuals June 30, 2010 September 14, 2010. Unaudited Actuals June 30, 2010. All funds solvent General fund at 3% reserve for economic uncertainty, $1,763,248

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unaudited actuals june 30 2010

Unaudited Actuals June 30, 2010

General Fund, Special Revenue, Capital and Debt Service Funds

Unaudited Actuals June 30, 2010

September 14, 2010

unaudited actuals june 30 20101
Unaudited Actuals June 30, 2010
  • All fundssolvent
  • General fund at 3% reserve for economic uncertainty, $1,763,248
  • Medium growth scenario with, April apportionment attendance at 5,801
  • Designations $1.5 Million in budget plan
  • School site carryovers $ 263,248
  • Undesignated $728,181

Unaudited Actuals June 30, 2010

September 14, 2010

unprecendented cuts made after close of prior year
Unprecendented Cuts made after Close of Prior Year
  • District revenue limit and categorical cuts at $5.3 Million in 2008-9
  • After prior year another $1.4 Million reduced in September 2009
  • School districts warned of more mid year cuts, likely reductions at 3 different times during year

Unaudited Actuals June 30, 2010

September 14, 2010

reinstatements implemented
Reinstatements Implemented
  • Must proceed cautiously due to state revenue collection weaknesses
  • Outlook long term, more than one year
  • District reinstated in Oct 2009
    • 2 furlough days
    • Reinstatement counseling
    • Site supplies (half of site SLIP funding)
    • Set aside $1.3 Million for state reductions (collaboration)

Unaudited Actuals June 30, 2010

September 14, 2010

special education
Special Education
  • Contribution from general fund increased from prior year $634,624 (one time federal)
  • The special education population growth needed added capacity
  • Teachers, speech therapist, and psychologist full time equivalents added

Unaudited Actuals June 30, 2010

September 14, 2010

unrestricted fund
Unrestricted Fund

Unrestricted General Fund

  • Fund balance saw decrease of $2,601,888
  • $1.4 Million Revenue Limit Reduction
  • Spending of Federal Stimulus dollars
  • An aggressive energy savings program over $300,000

Unaudited Actuals June 30, 2010

September 14, 2010

special revenue fund child nutrition fund
Special Revenue Fund Child Nutrition Fund
  • Federal and State revenues decreased due to rate reductions from state
  • Food costs are increasing, even with high commodity usage
  • Increased transfer in at end $30,000

Unaudited Actuals June 30, 2010

September 14, 2010

adult fund
Adult Fund
  • Decreased fund balance, due to flex transfer to general fund, $1,491 fund balance
  • Program expenditures remain within budgeted amounts

Unaudited Actuals June 30, 2010

September 14, 2010

special revenue fund deferred maintenance
Special Revenue FundDeferred Maintenance
  • Fund balance decreased from prior year to $185,178
  • Over $.5 Million transferred to general fund

Unaudited Actuals June 30, 2010

September 14, 2010

special reserve fund
Special Reserve Fund
  • Fund balance at year end $1,599,829
  • $399,829 planned for general fund usage
  • $1.2 Million remaining for mid year cuts or for 2011-2012 budget reductions

Unaudited Actuals June 30, 2010

September 14, 2010

capital fund building fund
Capital Fund - Building Fund
  • Bond fund ending balance is $39,581,156
  • Fourth full year of bond activity
  • Technology, Dublin High School Humanities, Admin, Social Sciences, Athletics, Dublin Elementary, Wells outdoor lunch shelter enclosure

Unaudited Actuals June 30, 2010

September 14, 2010

capital facilities fund
Capital Facilities Fund
  • Developer fees and mitigation fees began small escalations but still slow
  • Fund balance at end of year $3,929,669
  • Funds being reserved to fund the initial cash flows of Kolb Elementary School
  • District will be reimbursed by state funding someday

Unaudited Actuals June 30, 2010

September 14, 2010

capital fund county school facilities fund
Capital FundCounty School Facilities Fund
  • Fund balance at end of year $399,356
  • Primary funded items in this fund were Kolb Elementary construction
  • Awaiting state funding

Unaudited Actuals June 30, 2010

September 14, 2010

board direction and approval
Board Direction and Approval
  • Approval of Unaudited Actuals Required
  • Consider reinstatement of items
  • Fiscal Advisory Committee

Unaudited Actuals June 30, 2010

September 14, 2010

any questions
Any Questions

?

Unaudited Actuals June 30, 2010

September 14, 2010