FINANCIAL SECTION - School District U-46

School District U-46
All Funds Summary
FY 2011 Budget
FY 2010
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2009 Amended FY 2011
Actual Actual Actual Actual Budget Actual Budget Budget
Revenue
Taxes $ 205,990,985 $ 213,497,056 $ 237,396,650 $ 246,187,941 $ 265,953,721 $ 255,821,655 $ 264,920,473 $ 272,722,894
Local Revenue 16,580,917 26,506,371 23,664,997 22,390,040 23,319,999 18,151,864 17,649,193 17,386,428
General State Aid 64,906,589 69,525,159 67,600,037 68,831,089 69,109,646 69,713,879 66,019,919 50,774,220
Categoricals 33,795,239 39,385,261 42,329,718 32,801,960 44,167,085 41,023,867 82,593,399 76,587,197
Federal Aid 22,264,722 22,204,364 22,202,379 26,647,332 27,672,013 23,794,232 39,709,417 40,929,244
Other Revenue 1,826,767 634,784 427,046 542,872 430,198 256,885 397,500 422,500
Total Revenue 345,365,219 371,752,995 393,620,827 397,401,234 430,652,662 408,762,382 471,289,901 458,822,483
3-3
Expenditures
Salaries 185,025,447 201,024,065 218,092,650 230,215,825 239,796,577 242,855,953 241,140,335 224,922,660
Employee Benefits 65,440,438 62,688,718 66,785,590 71,302,308 76,776,831 83,182,648 82,572,233 72,611,540
Purchased Services 28,258,664 29,988,362 32,531,136 30,325,627 33,438,360 30,841,811 32,954,732 31,195,817
Supplies and Materials 18,605,193 26,188,407 24,410,588 26,768,100 28,304,257 25,864,712 24,974,911 23,771,137
Capital Outlay 29,845,493 29,029,137 15,969,307 19,116,595 19,074,568 14,846,901 16,605,328 7,283,311
Other Expenditures 25,951,635 26,650,588 31,242,568 36,280,642 36,943,292 40,387,142 42,644,427 43,090,920
Contingency, Tuition and Non-Capitalized Equipment 9,267,083 9,594,690 9,397,715 8,062,735 11,967,832 11,111,631 50,938,603 53,854,063
Total Expenditures 362,393,953 385,163,967 398,429,554 422,071,832 446,301,717 449,090,798 491,830,569 456,729,448
Excess (Deficiency) of Revenues Over Expenditures (17,028,734) (13,410,972) (4,808,727) (24,670,598) (15,649,055) (40,328,416) (20,540,668) 2,093,035
Total Other Financing Sources (Uses) 1,124,196 22,922,984 15,386,920 9,648,177 4,600,000 4,195,926 34,682,565 -
Net Change in Fund Balance (15,904,538) 9,512,012 10,578,193 (15,022,421) (11,049,055) (36,132,490) 14,141,897 2,093,035
Fund Balance at Beginning of Year 109,740,073 93,835,535 103,347,547 113,925,740 82,803,751 82,803,751 46,582,735 60,724,632
Fund Balance at End of Year $ 93,835,535 $ 103,347,547 $ 113,925,740 $ 98,903,319 $ 71,754,696 $ 46,671,261 $ 60,724,632 $ 62,817,667
Difference due to change from cash to accrual
Fund Balance June 30, 2008 $ 98,903,319
Change due to cash to accrual conversion (16,099,568)
Fund Balance July 1, 2008 $ 82,803,751