Comprehensive Annual Financial Report 2012 - Kettering City ...

KETTERING CITY SCHOOL DISTRICT
Schedule of Revenues, Expenditures and Changes in
Fund Balance – Budget and Actual (Non-GAAP Budgetary Basis)
Major Funds – General Fund
For the Fiscal Year Ended June 30, 2012
Original Budget Final Budget Actual
Variance with
Final Budget
Positive
(Negative)
Revenues:
Taxes $ 55,564,690 $ 51,817,200 $ 53,884,469 $ 2,067,269
Tuition and Fees 570,782 483,469 655,281 171,812
Transportation 45,908 38,885 38,885 0
Interest 105,619 89,462 92,430 2,968
Payment in Lieu of Taxes 178,270 151,000 151,425 425
Intergovernmental 24,107,073 20,419,392 25,842,381 5,422,989
Extracurricular Activities 63,130 53,473 53,474 1
Classroom Materials and Fees 5,093 4,314 4,314 0
Miscellaneous 439,237 372,047 467,930 95,883
Total Revenues 81,079,802 73,429,242 81,190,589 7,761,347
Expenditures:
Current:
Salaries and Wages 50,230,335 50,196,717 50,101,705 95,012
Fringe Benefits 19,393,913 19,139,221 19,041,660 97,561
Purchased Services 8,249,521 8,613,251 8,346,167 267,084
Supplies and Materials 2,718,440 2,816,630 2,615,792 200,838
Other Expenditures 1,163,802 972,456 969,833 2,623
Capital Outlay - New 255,499 519,360 516,214 3,146
Debt Service:
Principal Retirement 171,914 171,914 171,914 0
Interest and Fiscal Charges 5,562 5,539 5,539 0
Total Expenditures 82,188,986 82,435,088 81,768,824 666,264
Excess (Deficiency) of Revenues
Over (Under) Expenditures (1,109,184) (9,005,846) (578,235) 8,427,611
Other Financing Sources (Uses):
Transfers Out (41,831) (41,831) (41,831) 0
Refund of Prior Year's Expenditures 0 38,910 38,910 0
Refund of Prior Year's Receipts (1,000) (1,000) 0 1,000
Total Other Financing Sources (Uses) (42,831) (3,921) (2,921) 1,000
Net Change in Fund Balance (1,152,015) (9,009,767) (581,156) 8,428,611
Fund Balance at Beginning of Year 11,867,242 11,867,242 11,867,242 0
Prior Year Encumbrances 865,655 865,655 865,655 0
Fund Balance at End of Year $ 11,580,882 $ 3,723,130 $ 12,151,741 $ 8,428,611
DRAFT - 78 - 12/18/2012