March 26 - Trumbull Public Schools
March 26 - Trumbull Public Schools
March 26 - Trumbull Public Schools
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page 8<br />
<strong>Trumbull</strong> Board of Education Consolidated Financial Statements<br />
Balance Sheet as of 02/28/13<br />
Special Revenue<br />
Trust & Agency Funds<br />
Expendable Student<br />
Trust Activity<br />
School Lunch BOE Programs<br />
Total<br />
Assets:<br />
Cash $ 651,109 $ 451,918 $ 212,432 $ 325,723 $ 1,641,182<br />
Receivables 65,706 99,956 165,662<br />
Inventory 41,465 41,465<br />
Prepaid Expense -<br />
Due From Others 39<br />
Total Assets: 758,280 451,918 312,427 325,723 1,848,348<br />
Liabilities:<br />
Accounts Payable 90,100 90,100<br />
Deferred Revenue 103,592 99,956 203,548<br />
Due to others - (68,546) 325,723 257,177<br />
Total Liabilities: 193,692 (68,546) 99,956 325,723 550,825<br />
Fund Balances: $ 564,589 $ 520,464 $ 212,471 $ - $ 1,297,523<br />
Statement of Revenues, Expenditures and Changes in Fund Balances for the 8 months ended 02/28/13<br />
Revenue/increases:<br />
Food Sales/Charges for Service $ 1,356,548 $ 1,085,789 $ -<br />
$ 2,442,337<br />
Intergovernmental 192,771 107,848 300,619<br />
Other Income/Interest 243 243<br />
Donations 45,040 45,040<br />
Increases $ 296,212 296,212<br />
Total revenue/increases 1,549,319 1,193,637 45,283 296,212 3,084,451<br />
Expenses/decreases<br />
Wages 509,873 555,004 1,064,878<br />
FICA 29,544 14,677<br />
Medical 310,413 310,413<br />
Other Expenses/Scholarships 33,371 357,821 391,192<br />
Supplies 51,067 91,443 142,509<br />
Cost of Food 607,048 24,062 631,110<br />
Equipment/Capital <strong>26</strong>,357 124,600 150,957<br />
Decreases 289,502 289,502<br />
Total Expenditures/Increases 1,567,673 1,167,607 - $ 289,502 3,024,782<br />
Increase (decrease) in fund balances<br />
before operating transfers (18,354) <strong>26</strong>,030 45,283 6,710 59,669<br />
Operating Transfers in/(out) - - -<br />
Increase (decrease) in fund balances<br />
after operating transfers $ (18,354) $ <strong>26</strong>,030 $ 45,283<br />
52,959<br />
Fund Balances:<br />
Beginning of year $ 582,944 $ 494,433 $ 167,188 $ - $ 1,244,565<br />
End of period $ 564,590 $ 520,463 $ 212,471 $ - $ 1,297,524<br />
Increase (decrease) for the month $ 11,801 $ (42,190)<br />
$ - $ (30,389)
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