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 />
IMRF/Social Security 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 $ 8,678,063 $ 8,986,219 $ 9,261,424 $ 9,761,990 $ 9,928,418 $ 10,213,793 $ 9,671,370 $ 9,920,247<br />
Local Revenue 302,529 311,528 275,936 323,176 334,560 273,425 220,521 187,443<br />
Total Revenue 8,980,592 9,297,747 9,537,360 10,085,166 10,262,978 10,487,218 9,891,891 10,107,690<br />
Expenditures<br />
Employee Benefits 9,254,035 9,966,710 9,566,396 9,371,294 10,321,128 9,626,488 9,892,025 9,540,872<br />
Excess (Deficiency) of Revenues Over Expenditures (273,443) (668,963) (29,036) 713,872 (58,150) 860,730 (134) 566,818<br />
Total Other Financing Sources (Uses) 20,000 158,451 - - - - - -<br />
Net Change in Fund Balance (253,443) (510,512) (29,036) 713,872 (58,150) 860,730 (134) 566,818<br />
3-91<br />
Fund Balance at Beginning of Year 261,838 8,395 (502,117) (531,153) 591,731 591,731 1,452,<strong>46</strong>1 1,452,327<br />
Fund Balance at End of Year $ 8,395 $ (502,117) $ (531,153) $ 182,719 $ 533,581 $ 1,452,<strong>46</strong>1 $ 1,452,327 $ 2,019,145<br />
Difference due to change from cash to accrual<br />
Fund Balance June 30, 2008 $ 182,719<br />
Change due to cash to accrual conversion 409,012<br />
Fund Balance July 1, 2008 $ 591,731
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