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Unaudited Actuals June 30, 2010 - PowerPoint PPT Presentation
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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
General Fund, Special Revenue, Capital and Debt Service Funds
Unaudited Actuals June 30, 2010
September 14, 2010
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
- 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
- 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
- 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 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
- 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
- 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 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
- 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
- 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
- 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 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
- Approval of Unaudited Actuals Required
- Consider reinstatement of items
- Fiscal Advisory Committee
Unaudited Actuals June 30, 2010
September 14, 2010
