FINANCIAL SECTION - School District U-46
FINANCIAL SECTION - School District U-46
FINANCIAL SECTION - School District U-46
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<strong>School</strong> <strong>District</strong> U-<strong>46</strong><br />
Operations and Maintenance Fund Summary<br />
FY 2011 Budget<br />
FY 2010<br />
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2009 Amended FY 2011<br />
Actual Actual Actual Actual Budget Actual Budget Budget<br />
Revenue<br />
Taxes $ 15,013,852 $ 15,733,802 $ 17,713,020 $ 18,507,274 $ 19,891,998 $ 19,227,885 $ 19,980,855 $ 20,512,752<br />
Local Revenue 923,445 2,818,849 6,077,655 6,370,132 5,576,357 3,948,118 2,925,115 2,847,733<br />
General State Aid 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 1,561,486<br />
Categoricals - 2,090 - 17,771 - 1,975 - -<br />
Federal Aid - 862 - - - - - -<br />
Total Revenue 17,937,297 20,555,603 25,790,675 26,895,177 27,<strong>46</strong>8,355 25,177,978 24,905,970 24,921,971<br />
3-72<br />
Expenditures<br />
Salaries 6,664,482 7,006,024 7,208,077 7,298,025 7,243,789 7,478,426 7,485,432 6,940,170<br />
Employee Benefits 1,071,066 1,257,038 1,371,713 1,531,129 1,644,555 1,757,711 1,737,409 1,516,996<br />
Purchased Services 6,631,682 5,950,654 7,278,965 7,835,892 8,100,136 7,741,998 7,869,300 7,136,000<br />
Supplies and Materials 6,565,009 8,585,933 7,967,984 8,789,866 9,758,100 9,314,594 8,372,600 8,063,200<br />
Capital Outlay 496,121 230,530 423,192 667,850 596,000 84,438 90,000 135,000<br />
Other Expenditures 77,484 86,540 222,707 68,333 80,574 4,470 57,322 8,000<br />
Contingency, Tuition and Non-Capitalized Equipment - - - - - 309,790 - 143,419<br />
Total Expenditures 21,505,844 23,116,719 24,472,638 26,191,095 27,423,154 26,691,427 25,612,063 23,942,785<br />
Excess (Deficiency) of Revenues Over Expenditures (3,568,547) (2,561,116) 1,318,037 704,082 45,201 (1,513,449) (706,093) 979,186<br />
Total Other Financing Sources (Uses) 550,757 1,512,406 5,418,316 750,292 600,000 (267,860) (252,644) (223,412)<br />
Net Change in Fund Balance (3,017,790) (1,048,710) 6,736,353 1,454,374 645,201 (1,781,309) (958,737) 755,774<br />
Fund Balance at Beginning of Year (13,401,073) (16,418,863) (17,<strong>46</strong>7,573) (10,731,220) (8,731,386) (8,731,386) (10,512,695) (11,471,432)<br />
Fund Balance at End of Year $ (16,418,863) $ (17,<strong>46</strong>7,573) $ (10,731,220) $ (9,276,8<strong>46</strong>) $ (8,086,185) $ (10,512,695) $ (11,471,432) $ (10,715,658)<br />
Difference due to change from cash to accrual<br />
Fund Balance June 30, 2008 $ (9,276,8<strong>46</strong>)<br />
Change due to cash to accrual conversion 545,<strong>46</strong>0<br />
Fund Balance July 1, 2008 $ (8,731,386)
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