Comprehensive Annual Financial Report Ending June 2011
Comprehensive Annual Financial Report Ending June 2011
Comprehensive Annual Financial Report Ending June 2011
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Fayette County Board of Education<br />
Debt Service Fund<br />
SCHEDULE OF REVENUES AND EXPENDITURES -<br />
BUDGET AND ACTUAL<br />
For the year ended <strong>June</strong> 30, <strong>2011</strong><br />
Original Final<br />
Budget Budget Actual<br />
Revenues<br />
Local and other funds $ 7,676,637 $ 7,676,637 $ 8,533,226<br />
Total revenues 7,676,637 7,676,637 8,533,226<br />
Expenditures<br />
Debt services<br />
Principal retirement 8,942,432 8,942,432 8,942,432<br />
Interest and fees 3,734,205 3,734,205 3,728,354<br />
Total expenditures 12,676,637 12,676,637 12,670,786<br />
Deficiency of revenues under expenditures (5,000,000) (5,000,000) (4,137,560)<br />
Other financing sources (uses)<br />
Transfers in 5,000,000 5,000,000 5,000,000<br />
Total other financing sources (uses) 5,000,000 5,000,000 5,000,000<br />
Net change in fund balances $ $ $ 862,440<br />
106<br />
Variance<br />
$ 856,589<br />
856,589<br />
5,851<br />
5,851<br />
862,440<br />
$ 862,440
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