2011T12 ANNUAL BUDGET - Granite School District

Granite School District
District Activity Fund
Three Year Budget Forecast
- Budget Budget Budget Projected
Budget Forecast Forecast Forecast Growth
2011-12 2012-2013 2013-2014 2014-2015 Rate
Revenues:
Local Sources $ 11,376,745 $ 11,581,526 $ 11,789,993 $ 12,002,213
1.80%
Total Revenues 11,376,745 11,581,526 11,789,993 12,002,213
Expenditures:
Instructional 12,852,077 13,173,379 13,502,713 13,840,281 2.50%
Total Expenditures 12,852,077 13,173,379 13,502,713 13,840,281
Excess (Deficiency) of Revenues
Over Expenditures (1,475,332) (1,591,853) (1,712,720) (1,838,068)
Other Financing Uses:
Transfers In 1,636,851 1,661,404 1,686,325 1,711,620 1.50%
Total Other Financing Sources (Uses) 1,636,851 1,661,404 1,686,325 1,711,620
Net Change in Fund Balances 161,519 69,551 (26,395) (126,448)
Fund Balances - Beginning of Year 8,075,967 8,237,486 8,307,037 8,280,642
Fund Balances - End of Year $ 8,237,486 $ 8,307,037 $ 8,280,642 $ 8,154,194
Assumptions:
The district began using this fund on July 1, 2007. The fund includes all monies that flow through the individual school checking
accounts including athletic programs, class fees, vending receipts, student activity fees, etc. Revenues have been projected to
increase by the 4-year average growth rate of 1.80%. A 2.5% rate of growth has been used for expenditures.
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