2010-2011 Unaudited Actuals - William S. Hart Union High School ...

Santa Clarita Valley International 

William S. Hart Union High 

Los Angeles County 

Charter Number: 0981 

Unaudited Actual 

FINANCIAL REPORT 

2010-11 Unaudited Actuals 

Charter School Certification 

196513601J7234 

Form CA 

To the entity that approved the charter school: 

2010-11 CHARTER SCHOOL "fJJ!iD ACTUAL FINANCIAL REPORTo Th;, "port ls hereby approved 

and filed by the 'h'~ !l' t to Education Code Section 42toO(b). _ 

Signed: Date: . q {--f ( 

'-Gti'!tter 

School Official 

(Orig~al signature required) 

Printed 

Name: Amber Raskin Title: Executive Director of Operati 

To the County Superintendent of Schools: 

2010-11 CHARTER SCHOOL UNAUDITED ACTUAL FINANCIAL REPORT: This report has been reviewed 

and is hereby filed with the County Superintendent of Schools pursuant to Education Code Section 42100(a). 

Signed: 

Authorized Representative of 

Charter Approving Entity 

(Original signature required) 

Date: 

Printed 

Name: Robert Challinor Title: Superintendent 

To the Superintendent 

of Public Instruction: 

2010-11 CHARTER SCHOOL UNAUDITED ACTUAL FINANCIAL REPORT: This report has been verified 

for mathematical accuracy by the County Superintendent of Schools pursuant to Education Code 

Section 42100(a). 

Signed: 

County 

SuperintendenUDesignee 

(Original signature required) 

Date: 

For additional information on the unaudited actual financial report, please contact: 

For Approving Entity: For Charter School: 

Michele Reddy Cecilyn Zoubek 

Name 

Name 

Supervisor of Accounting Business Office 

Title 

Title 

661-259-0033 661-705-4820 

Telephone 

Telephone 

mreddy@hartdistrict.org 

E-mail Address 

ceci.zoubek@scvcharterschool.org 

E-mail Address 

California Dept of Education 

SACS Financial Reporting Software - Version 2011.2.0 

File: ca-cs (Rev 06/17/2011) Page 1 of 1 Printed: 9/1/2011 2:04 PM




Unaudited Actuals 

Charter Schools Enterprise Fund 

Expenses by Object 

19651360117234 

Form 62 

2010-11 2011-12 Percent 

Descri tion Resource Codes Obiect Codes Unaudited Actuals Bud et Difference 

A.REVENUES 

1) Revenue Limit Sources 8010-8099 2,924,262.44 3,608,221.02 23.4% 

2) Federal Revenue 8100-8299 129,615.00 0.00 -100.0% 

3) Other State Revenue 8300-8599 423,330.96 739993.98 74.8% 

4) Other Local Revenue 8600-8799 144,108.31 104,200.00 -27.7% 

5 TOTAL REVENUES 3621 316.71 4452415.00 23.0% 

B.EXPENSES 

1) Certificated Salaries 1000-1999 1,262,014.18 1,686,000.00 33.6% 

2) Classified Salaries 2000-2999 320,647.10 473,500.00 47.7% 

3) Employee Benefits 3000-3999 291 196.36 477,144.75 63.9% 

4) Books and Supplies 4000-4999 392,987.13 513,271.00 30.6% 

5) Services and Other Operating Expenses 5000-5999 977,807.27 1,141,366.63 16.7% 

6) Depreciation 6000-6999 42,229.12 1,100.00 -97.4% 

7) Other Outgo (excluding Transfers of Indirect 7100-7299, 

Costs) 7400-7499 0.00 0.00 0.0% 

8) Other Outgo - Transfers of Indirect Costs 7300-7399 0.00 0.00 0.0% 

9 TOTAL EXPENSES 3286881.16 4292382.38 30.6% 

C. EXCESS (DEFICIENCY) OF REVENUES 

OVER EXPENSES BEFORE OTHER 

FINANCING SOURCES AND USES A5 -B9 334435.55 160032.62 -52.1% 

D. OTHER FINANCING SOURCES/USES 

1) Interfund Transfers 

a) Transfers In 8900-8929 0.00 0.00 0.0% 

b) Transfers Out 7600-7629 0.00 0.00 0.0% 

2) Other Sources/Uses 

a) Sources 8930-8979 0.00 0.00 0.0% 

b) Uses 7630-7699 0.00 0.00 0.0% 

3) Contributions 8980-8999 

4 TOTAL OTHER FINANCING SOURCES/USES 


SACS Financial Reporting Software - 2011.2.0 

File: fund-b (Rev 06/01/2011)







19651360117234 

Form 62 

Descri 

tion 

2010-11 

Resource Codes Oblect Codes Unaudited Actuals 

2011-12 

Bud et 

Percent 

Difference 

E. NET INCREASE (DECREASE) IN 

NET ASSETS C + D4 334435.55 

160032.62 -52.1% 

F. NET ASSETS 

1) Beginning Net Assets 

a) As of July 1 - Unaudited 9791 

620,536.23 

905,503.78 45.9% 

b) Audit Adjustments 9793 

0.00 

-100.0% 

c) As of July 1 -Audited (F1a + F1b) 

d) Other Restatements 9795 

e) Adjusted Beginning Net Assets (F1c + F1d) 

571,068.23 

0.00 

571,068.23 

905,503.78 58.6% 

0.00 0.0% 

905,503.78 58.6% 

2) Ending Net Assets, June 30 (E + F1e) 

Components of Ending Net Assets (Actuals) 

a) Reserve for 

Revolving Cash 9711 

Stores 9712 

Prepaid Expenditures 9713 

All Others 9719 

General Reserve 9730 

Legally Restricted Balance 

b) Designated Amounts 

Designated for Economic Uncertainties 

9740 

9770 

Designated for the Unrealized Gains of 

Investments and Cash in County Treasury 9775 

Other Designations 9780 

c) Undesignated Amount 9790 

d Una ro riated Amount 9790 

Components of Ending Net Assets (Budget) 

a) Capital Assets, Net of Related Debt 9796 

b) Restricted Net Assets 9797 

c Unrestricted Net Assets 9790 



File: fund-b (Rev 06/01120111







19651360117234 

Form 62 


Descrintion Resource Codes Obiect Codes Unaudited Actuals Budaet Difference 

G.ASSETS 

1) Cash 

a) in County Treasury 9110 0.00 

1) Fair Value Adjustment to Cash in County Treasury 9111 0.00 

b) in Banks 9120 239,450.00 

c) in Revolving Fund 9130 0.00 

d) with Fiscal Agent 9135 0.00 

e) collections awaiting deposit 9140 0.00 

2) Investments 9150 0.00 

3) Accounts Receivable 9200 1,116,913.09 

4) Due from Grantor Government 9290 0.00 

5) Due from Other Funds 9310 0.00 

6) Stores 9320 0.00 

7) Prepaid Expenditures 9330 13,096.00 

8) Other Current Assets 9340 0.00 

9) Fixed Assets 

a) Land 9410 0.00 

b) Land Improvements 9420 21,994.87 

c) Accumulated Depreciation - Land Improvements 9425 121,229.82 

d) Buildings 9430 37,261.96 

e) Accumulated Depreciation - Buildings 9435 136,137.85 

f) Equipment 9440 16,450.09 

g) Accumulated Depreciation - Equipment 9445 115,536.30 

h) Work in Progress 9450 0.00 

10) TOTAL ASSETS 1372 262.04 



File: fund-b (Rev 06/0112011 \







19651360117234 

Form 62 


Descrintion Resource Codes Obiect Codes Unaudited Actuals Budget Difference 

H. LIABILITIES 

1) Accounts Payable 9500 266,757.26 

2) Due to Grantor Governments 9590 0.00 

3) Due to Other Funds 9610 0.00 

4) Current Loans 9640 0.00 

5) Deferred Revenue 9650 0.00 

6) Long-Term Liabilities 

a) Net OPEB Obligation 9664 0.00 

b) Compensated Absences 9665 0.00 

c) COPs Payable 9666 0.00 

d) Capital Leases Payable 9667 0.00 

e) Lease Revenue Bonds Payable 9668 0.00 

f) Other General Long-Term Liabilities 9669 200,000.00 

7) TOTAL LIABILITIES 466757.26 

I, NET ASSETS 

Net Assets, June 30 

(must aaree with line F2) (Gl0 - H71 905504.78 



File: fund-b (Rev 06101/2011)







19651360117234 

Form 62 


Description Resource Codes Object Codes Unaudited Actuals Budaet Difference 

REVENUE LIMIT SOURCES 

Principal Apportionment 

Charter Schools General Purpose Entitlement - State Aid 8015 2,287,245.00 2806,284.65 22.7% 

State Aid - Prior Years 8019 0.00 0.00 0.0% 

Revenue Limit Transfers 

Unrestricted Revenue Limit Transfers - Current Year 0000 8091 0.00 0.00 0.0% 

All Other Revenue Limit Transfers - Current Year All Other 8091 0.00 0.00 0.0% 

Transfers to Charter Schools in Lieu of Property Taxes 8096 637,017.44 801,936.37 25.9% 

Property Taxes Transfers 8097 0.00 0.00 0.0% 

Revenue Limit Transfers - Prior Years 8099 0.00 0.00 0.0% 

TOTAL, REVENUE LIMIT SOURCES 2,924262.44 3,608,221.02 23.4% 

FEDERAL REVENUE 

Maintenance and Operations 8110 0.00 0.00 0.0% 

Special Education Entitlement 8181 0.00 0.00 0.0% 

Special Education Discretionary Grants 8182 0.00 0.00 0.0% 

Child Nutrition Programs 8220 0.00 0.00 0.0% 

Interagency Contracts Between LEAs 8285 0.00 0.00 0.0% 

3000-3299, 4000-4139, 

NCLB IIASA (incl. ARRA) 4201-4215,4610,5510 8290 0.00 0.00 0.0% 

Vocational and Applied Technology Education 3500-3699 8290 0.00 0.00 0.0% 

Safe and Drug Free Schools 3700-3799 8290 0.00 0.00 0.0% 

Other Federal Revenue (incl. ARRA) All Other 8290 129,615.00 0.00 -100.0% 

TOTAL, FEDERAL REVENUE 129,615.00 0.00 -100.0% 

OTHER STATE REVENUE 

Other State Apportionments 

Special Education Master Plan 

Current Year 6500 8311 0.00 284712.00 New 

Prior Years 6500 8319 0.00 0.00 0.0% 

Home-to-School Transportation 7230 8311 0.00 0.00 0.0% 



File: fund-b (Rev 06/01l?011 \


William S, Hart Union High 





19651360117234 

Form 62 


Descri tion Resource Codes Obiect Codes Unaudited Actuals Bud et Difference 

Special Education Transportation 7240 8311 0,00 0,00 0,0% 

All Other State Apportionments - Current Year All Other 8311 0.00 0.00 0.0% 

All Other State Apportionments - Prior Years All Other 8319 0.00 0.00 0.0% 

Year Round School Incentive 8425 0.00 0.00 0.0% 

Class Size Reduction, K-3 8434 88,297.00 85,058.82 -3.7% 

Child Nutrition Programs 8520 0.00 0.00 0.0% 

Mandated Costs Reimbursements 8550 0.00 0.00 0.0% 

Lottery - Unrestricted and Instructional Materials 8560 92,598.96 72,561.25 -21.6% 

School Based Coordination 

Program 7250 8590 0.00 0.00 0.0% 

Drug/AlcohollTobacco Funds 6650-6690 8590 0.00 0.00 0.0% 

Healthy Start 6240 8590 0.00 0.00 0.0% 

Class 

Size Reduction 

Facilities 6200 8590 0.00 0.00 0.0% 

School Community Violence 

Prevention Grant 7391 8590 

Quality Education Investment Act 7400 8590 0.00 0.00 0.0% 

All Other State Revenue All Other 8590 242,435.00 297,661.91 22.8% 

TOTAL, OTHER STATE REVENUE 423,330.96 739,993.98 74.8% 



l=ilA' fl Inrl_h IRA\/ m~Jn11?n11\







19651360117234 

Form 62 

2010·11 2011·12 Percent 

Descriotion Resource Codes Obiect Codes Unaudited Actuals Budaet Difference 

OTHER LOCAL REVENUE 

Sales 

Sale of Equipment/Supplies 8631 0.00 0.00 0.0% 

Sale of Publications 8632 0.00 0.00 0.0% 

Food Service Sales 8634 26,105.66 39,200.00 50.2% 

All Other Sales 8639 0.00 0.00 0.0% 

Leases and Rentals 8650 0.00 0.00 0.0% 

Interest 8660 0.00 0.00 0.0% 

Net Increase (Decrease) in the Fair Value of Investments 8662 0.00 0.00 0.0% 

Fees and Contracts 

Child Development Parent Fees 8673 0.00 0.00 0.0% 

Transportation Fees From 

Individuals 8675 0.00 0.00 0.0% 

Transportation Services 7230, 7240 8677 0.00 0.00 0.0% 

Interagency Services 8677 0.00 0.00 0.0% 

All Other Fees and Contracts 8689 0.00 0.00 0.0% 

All Other Local Revenue 8699 118002.65 65,000.00 -44.9% 

Tuition 8710 0.00 0.00 0.0% 

All Other Transfers In 8781·8783 0.00 0.00 0.0% 

Transfers of Apportionments 

Special Education SELPA Transfers 

From Districts or Charter Schools 6500 8791 0.00 0.00 0.0% 

From County Offices 6500 8792 0.00 0.00 0.0% 

From JPAs 6500 8793 0.00 0.00 0.0% 

Other Transfers of Apportionments 

From Districts or Charter Schools All Other 8791 0.00 0.00 0.0% 

From County Offices All Other 8792 0.00 0.00 0.0% 

From JPAs All Other 8793 0.00 0.00 0.0% 

All Other Transfers In from All Others 8799 0.00 0.00 0.0% 

TOTAL, OTHER LOCAL REVENUE 144,108.31 104,200.00 ·27.7% 

TOTAL REVENUES 3621 316.71 4452415.00 23.0% 



File: fund-b (Rev 06/01/2011 \







19651360117234 

Form 62 


Descriotion Resource Codes Obiect Codes Unaudited Actuals Budaet Difference 

CERTIFICATED 

SALARIES 

Certificated Teachers' Salaries 1100 1,074,014.18 1,265,000.00 17.8% 

Certificated Pupil Support Salaries 1200 0.00 0.00 0.0% 

Certificated Supervisors' and Administrators' Salaries 1300 188,000.00 200,000.00 6.4% 

Other Certificated Salaries 1900 0.00 221,000.00 New 

TOTAL, CERTIFICATED SALARIES 1,262,014.18 1,686,000.00 33.6% 

CLASSIFIED 

SALARIES 

Classified Instructional Salaries 2100 74,437.75 200,000.00 168.7% 

Classified Support Salaries 2200 0.00 0.00 0.0% 

Classified Supervisors' and Administrators' Salaries 2300 60,000.00 60,000.00 0.0% 

Clerical, Technical and Office Salaries 2400 127,629.15 133,000.00 4.2% 

Other Classified Salaries 2900 58,580.20 80,500.00 37.4% 

TOTAL, CLASSIFIED SALARIES 320,647.10 473,500.00 47.7% 

EMPLOYEE 

BENEFITS 

STRS 3101-3102 105,362.20 139,095.00 32.0% 

PERS 3201-3202 0.00 0.00 0.0% 

OASDl/Medicare/Alternative 3301-3302 43,406.61 63,992.55 47.4% 

Health and Welfare Benefits 3401-3402 83,052.87 189,000.00 127.6% 

Unemployment Insurance 3501-3502 24,287.97 30,603.20 26.0% 

Workers' Compensation 3601-3602 27,922.31 48814.00 74.8% 

OPEB, Allocated 3701-3702 0.00 0.00 0.0% 

OPEB, Active Employees 3751-3752 0.00 0.00 0.0% 

PERS Reduction 3801-3802 0.00 0.00 0.0% 

Other Employee Benefits 3901-3902 7,164.40 5,640.00 -21.3% 

TOTAL, EMPLOYEE BENEFITS 291,196.36 477,144.75 63.9% 

BOOKS AND SUPPLIES 

Approved Textbooks and Core Curricula Materials 4100 22,656.21 37,500.00 65.5% 

Books and Other Reference Materials 4200 3,948.46 7,500.00 89.9% 

Materials and Supplies 4300 214,411.75 307,071.00 43.2% 

Noncapitaliz:ed Equipment 4400 133,9111.17 122,000.00 -6.9% 

Food 4700 18,052.54 39,200.00 117.1% 

TOTAL, BOOKS AND SUPPLIES 392,987.13 513,271.00 30.6% 



I:"il.o· fRoO" /")('111 \ f"n,.Lh n~/n1 0.:.,.,0. R D.-intorl- 0/11':)('111 a-no 0 •• .11







19651360117234 

Form 62 


Description Resource Codes Obiect Codes Unaudited Actuals Budaet Difference 

SERVICES AND OTHER OPERATING EXPENSES 

Subagreements for Services 5100 0.00 0.00 0.0% 

Travel and Conferences 5200 25,804.34 34,250.00 32.7% 

Dues and Memberships 5300 5,110.34 8,500.00 66.3% 

Insurance 5400-5450 34,127.17 45,240.00 32.6% 

Operations and Housekeeping Services 5500 47,428.67 .74,600.00 57.3% 

Rentals, Leases, Repairs, and Noncapitalized Improvements 5600 568,748.88 679,233.80 19.4% 

Transfers of Direct Costs 5710 "_"Hi.,_ '0.00 

Transfers of Direct Costs - Interfund 5750 0.00 0.00 0.0% 

Professional/Consulting Services and 

Operating Expenditures 5800 268,038.57 263,828.83 -1.6% 

Communications 5900 28,549.30 35,714.00 25.1% 

D~";''''', 

I:,,' 

TOTAL, SERVICES AND OTHER OPERATING EXPENSES 977,807.27 1,141,366.63 16.7% 

DEPRECIATION 

Depreciation Expense 6900 42,229.12 1,100.00 -97.4% 

TOTAL, DEPRECIATION 42,229.12 1.100.00 -97.4% 

OTHER OUTGO (excluding 

Transfers of Indirect Costs) 

Tuition 

Tuition for Instruction Under Interdistrict 

Attendance Agreements 7110 0.00 0.00 0.0% 

Tuition. Excess Costs, and/or Deficit Payments 

Payments to Districts or Charter Schools 7141 0.00 0.00 0.0% 

Payments to County Offices 7142 0.00 0.00 0.0% 

Payments to JPAs 7143 0.00 0.00 0.0% 

Other Transfers Out 

All Other Transfers 7281-7283 0.00 0.00 0.0% 

All Other Transfers Out to All Others 7299 0.00 0.00 0.0% 

Debt Service 

Debt Service - Interest 7438 0.00 0.00 0.0% 

TOTAL, OTHER OUTGO (excludino Transfers of Indirect Costs) 0.00 0.00 0.0% 



File: fund-b IRev 06/0112011 \ 0..."...0







19651360117234 

Form 62 

Descri tion Resource Codes 

OTHER OUTGO - TRANSFERS OF INDIRECT COSTS 

Transfers of Indirect Costs 

Transfers of Indirect Costs - Interfund 7350 0.00 

0.00 

0.0% 

TOTAL, OTHER OUTGO - TRANSFERS OF INDIRECT COSTS 0.00 

0.00 0.0% 

TOTAL EXPENSES 3286881.16 

4292382.38 

30.6% 


~AC~ Finan~al R_e.!'~rti~~.Software - 2011.2.0


William S, Hart Union High 





19651360117234 

Form 62 


Descri tion Resource Codes Oblect Codes Unaudited Actuals Bud et Difference 

INTERFUND TRANSFERS 

INTERFUND TRANSFERS IN 

Other Authorized Interfund Transfers In 8919 0.00 0.00 0.0% 

a TOTAL, INTERFUND TRANSFERS IN 0.00 0.00 0.0% 

INTERFUND TRANSFERS OUT 

Other Authorized Interfund Transfers Out 7619 0.00 0.00 0.0% 

b TOTAL, INTERFUND TRANSFERS OUT 0.00 0.00 0.0% 

OTHER SOURCES/USES 

SOURCES 

Other Sources 

Transfers from Funds of 

Lapsed/Reorganized LEAs 8965 0.00 0.00 0.0% 

All Other Financing Sources 8979 0.00 0.00 0.0% 

c TOTAL, SOURCES 0.00 0.00 0.0% 

USES 

Transfers of Funds from 

Lapsed/Reorganized LEAs 7651 0.00 0.00 0.0% 

All Other Financing Uses 7699 0.00 0.00 0.0% 

d TOTAL, USES 

CONTRIBUTIONS 

Contributions from Unrestricted Revenues 8980 

Contributions from Restricted Revenues 8990 

Transfers of Restricted Balances 8997 

e TOTAL, CONTRIBUTIONS 

TOTAL, OTHER FINANCING SOURCES/USES 

(a - b + c - d + e) 0.00 0.00 0.0% 



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2010-2011 Unaudited Actuals - William S. Hart Union High School ...

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