FINANCIAL SECTION - School District U-46

School District U-46
Education Fund 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 $ 145,622,064 $ 151,073,784 $ 167,941,146 $ 174,360,225 $ 188,195,779 $ 181,421,578 $ 188,905,789 $ 193,832,600
Local Revenue 13,016,730 13,931,160 14,258,927 14,498,137 15,762,083 12,609,603 13,243,547 13,154,265
General State Aid 62,906,589 67,525,159 65,600,037 66,831,089 67,109,646 67,713,879 64,019,919 49,212,735
Categoricals 21,961,686 22,775,356 27,329,896 24,690,059 28,820,564 27,364,584 67,094,972 64,054,549
Federal Aid 22,264,722 22,203,502 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 266,927,323 278,143,745 297,659,431 307,569,714 327,990,283 313,160,761 373,371,144 361,605,893
3-48
Expenditures
Salaries 167,387,885 182,780,442 198,485,229 209,814,961 218,910,411 221,256,583 219,668,651 204,021,697
Employee Benefits 51,270,453 48,733,568 51,666,649 54,822,510 58,998,923 64,978,968 63,874,634 54,846,034
Purchased Services 12,972,349 13,813,314 13,503,643 12,568,304 15,853,363 13,392,908 15,064,275 14,408,918
Supplies and Materials 10,394,027 15,204,369 13,834,146 14,735,590 14,843,607 14,003,246 13,876,363 12,677,437
Capital Outlay 3,284,476 6,506,749 2,575,696 3,010,567 4,178,655 346,904 1,145,181 1,457,961
Other Expenditures 45,258 78,720 111,194 193,232 114,205 119,031 118,982 804,661
Contingency, Tuition and Non-Capitalized Equipment 9,267,083 9,594,690 9,397,715 8,062,735 11,967,832 10,054,860 50,938,603 53,710,644
Total Expenditures 254,621,531 276,711,852 289,574,272 303,207,899 324,866,996 324,152,500 364,686,689 341,927,352
Excess (Deficiency) of Revenues Over Expenditures 12,305,792 1,431,893 8,085,159 4,361,815 3,123,287 (10,991,739) 8,684,455 19,678,541
Total Other Financing Sources (Uses) (1,243,120) 3,182,737 (358,465) (1,177,654) (797,982) (3,674,877) (3,727,854) (1,461,084)
Net Change in Fund Balance 11,062,672 4,614,630 7,726,694 3,184,161 2,325,305 (14,666,616) 4,956,601 18,217,457
Fund Balance at Beginning of Year (13,455,141) (2,392,469) 2,222,161 9,948,855 (6,879,530) (6,879,530) (21,546,146) (16,589,545)
Fund Balance at End of Year $ (2,392,469) $ 2,222,161 $ 9,948,855 $ 13,133,016 $ (4,554,225) $ (21,546,146) $ (16,589,545) $ 1,627,912
Difference due to change from cash to accrual
Fund Balance June 30, 2008 $ 13,133,016
Change due to cash to accrual conversion (20,012,546)
Fund Balance July 1, 2008 $ (6,879,530)