FINANCIAL SECTION - School District U-46

School District U-46
Operating 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 $ 165,557,176 $ 171,640,075 $ 190,700,701 $ 198,297,684 $ 214,274,349 $ 206,379,517 $ 215,124,645 $ 220,746,097
Local Revenue 14,195,976 17,029,827 20,683,796 21,091,116 21,603,978 17,129,344 16,431,697 16,262,998
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 34,087,239 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 1,155,532 634,784 327,046 542,872 430,198 256,885 397,500 422,500
Total Revenue 301,875,234 315,121,448 343,843,677 348,212,053 377,257,269 358,297,724 420,276,577 405,722,256
3-33
Expenditures
Salaries 184,411,186 200,595,968 217,767,085 229,870,781 239,437,942 242,483,885 240,804,823 224,922,660
Employee Benefits 56,127,976 52,659,634 57,151,056 61,854,895 66,423,402 73,521,624 72,631,432 63,070,668
Purchased Services 20,108,048 21,463,782 22,764,063 21,001,182 24,576,999 21,761,618 23,476,183 22,161,918
Supplies and Materials 18,599,053 26,160,902 24,331,629 26,768,100 28,303,757 25,864,712 24,974,411 23,770,637
Capital Outlay 4,185,375 9,614,027 6,680,784 9,301,660 6,802,735 3,715,278 5,535,181 1,592,961
Other Expenditures 122,912 169,305 378,232 266,378 198,779 2,107,477 2,888,689 3,525,922
Contingency, Tuition and Non-Capitalized Equipment 9,267,083 9,594,690 9,397,715 8,062,735 11,967,832 10,367,506 50,938,603 53,854,063
Total Expenditures 292,821,633 320,258,308 338,470,564 357,125,731 377,711,446 379,822,100 421,249,322 392,898,829
Excess (Deficiency) of Revenues Over Expenditures 9,053,601 (5,136,860) 5,373,113 (8,913,678) (454,177) (21,524,376) (972,745) 12,823,427
Total Other Financing Sources (Uses) 679,969 8,329,250 4,764,220 3,448,177 461,538 (91,454) 972,787 (1,851,186)
Net Change in Fund Balance 9,733,570 3,192,390 10,137,333 (5,465,501) 7,361 (21,615,830) 42 10,972,241
Fund Balance at Beginning of Year (20,582,754) (10,849,184) (7,656,794) 2,480,539 (19,681,263) (19,681,263) (41,297,093) (41,297,051)
Fund Balance at End of Year $ (10,849,184) $ (7,656,794) $ 2,480,539 $ (2,984,962) $ (19,673,902) $ (41,297,093) $ (41,297,051) $ (30,324,810)
Difference due to change from cash to accrual
Fund Balance June 30, 2008 $ (2,984,962)
Change due to cash to accrual conversion (16,696,301)
Fund Balance July 1, 2008 $ (19,681,263)