2013-14 budget - Hawthorn School District 73

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Hawthorn CCSD 73 Elementary 34-049-0730-04 Financial Indicators : Fund Balance to Revenue Ratio : Located in : Superintendent: School District Financial Profile Vernon Hills Mr. Nick Brown (Includes Educational, Operations & Maintenance, Transportation, Working Cash, and negative IMRF/FICA Funds) Total Fund Balance divided by Total Revenue The Fund Balance to Revenue Ratio reflects the impact of additional revenues to the existing fund balances of the district. Fund Balances, to a district, can be viewed as savings or checking account balances to the average citizen. A ratio of .25 or greater scores 4, between .25 and .10 scores 3, between .10 and zero scores 2 and a negative fund balance to revenue ratio scores 1. Expenditure to Revenue Ratio : Total Expenditure divided by Total Revenues 38,827,023 44,829,287 0.67 0.673 The Expenditure to Revenue Ratio represents how much the school district is spending for every dollar they are bringing in as revenue. Equal to or less than $1.00 has a score of 4, between $1.00 and $1.10 scores 3, between $1.10 and $1.20 scores 2 and spending of greater than $1.20 scores 1. One-time expenditures made by the district, including construction costs, are included in this ratio. Upon review of the remaining fund balance when deficit spending occurs, the indicator score may be adjusted. Lake 2008 2009 2010 2011 2008 2009 0.98 1.02 (Includes Educational, Operations & Maintenance, Transportation, and Working Cash Funds) 41,843,059 44,829,287 Historical Data 0.865 2010 1.046 0.869 2011 1.003 2012 0.866 Score Weighted Score 1.40 2012 0.933 Weighted Score 4 Score 4 1.40 2008 2009 2010 2011 2012 Score 0.88 0.84 0.80 0.76 0.72 0.68 0.64 Basis of Accounting: Under Tax Cap: 1.12 1.08 1.04 1.00 2007 Cash Yes Fund Balance to Revenue Ratio 2008 2009 2010 Expenditure to Revenue Ratio 2011 246 238 Days Cash on Hand : (Includes Educational, Operations & Maintenance, Transportation, and Working Cash Funds) 298 312 332 Weighted Score 4 0.40 0.96 0.92 Cash on Hand divided by Expenditures per Day 38,543,016 116,231 0.88 2007 2008 2009 2010 2011 Days Cash on Hand reflects the number of days a school district would be able to pay their average bills without any additional revenues. 180 days or greater scores 4, between 90 and 180 scores 3, between 30 and 90 scores 2 and less than 30 days of cash on hand scores 1. Days Cash on Hand % of Short-Term Borrowing Max. Remaining : Tax Anticipation Warrants Short-Term Debt Max. Available Based on Tax Anticipation Warrants, this represents how much short-term debt the district may incur. 2008 2009 2010 2011 2012 Score 100.00 100.00 0 30,350,257 100.00 100.00 100.00 Weighted Score 4 0.40 340 320 300 280 260 240 % of Long-Term Debt Margin Remaining : 2008 2009 2010 2011 2012 Score 60.89 64.31 49.520 50.84 52.07 3 220 2007 2008 2009 2010 2011 Long-Term Debt Amount 43,422,683 Weighted Score 0.30 Represents how much long-term debt the district may incur. FY 11 Profile Score 3.55 FY 12 Profile Score 3.90 Recognition
School District Financial Profile Hawthorn CCSD 73 Located in : Vernon Hills Lake Basis of Accounting: Cash Elementary Superintendent: Mr. Nick Brown Under Tax Cap: Yes 34-049-0730-04 Historical Data Revenues and Expenditures *Operating Funds Summary : 2008 2009 2010 2011 2012 50M Beginning Fund Balance + Revenues - Expenditures = Results of Operations + Other Receipts and Adjustments Ending Fund Balance Working Cash Ending Fund Balance 26,267,442 26,508,128 40,077,886 40,546,700 39,712,200 41,559,936 365,686 (1,013,236) (125,000) 1,378,012 26,508,128 26,872,904 16,469,082 16,471,430 26,872,904 42,811,805 44,121,000 (1,309,195) 10,913,089 36,476,798 25,944,372 36,476,798 43,659,308 42,384,992 1,274,316 (594,171) 37,156,943 25,344,797 37,156,943 45,507,506 41,843,059 3,664,447 (1,766,074) 39,055,316 24,355,488 48M 46M 44M 42M 40M 38M 2007 2008 2009 2010 2011 Revn. Expnd. * The Operating Funds include the Educational, Operations and Maintenance, Transportation and Working Cash Funds. For further analysis of the district's ability to levy and transfer monies into the operations of a district, the Working Cash Fund has been pulled separate below. Districts may transfer money from the working cash fund to any of the operating funds as a loan. District's Comments Regarding the School District Financial Profile
Page 2 and 3: HAWTHORN SCHOOL DISTRICT 73 2013-14
Page 4 and 5: 2013-14 2013-14 2012-13 Function De
Page 6 and 7: BUDGET GLOSSARY CPI This is the Con
Page 8 and 9: Hawthorn School District 73 201 Haw
Page 10 and 11: Hawthorn CCSD #73 2013-14 Final Bud
Page 12 and 13: LTD-LD 10E000 2191 2240 00 000000 3
Page 14 and 15: Changes to Budget to Non-Operating
Page 16 and 17: The primary Revenue Source for Hawt
Page 18 and 19: Hawthorn 73: Expenditures by Fund 2
Page 20 and 21: SUPPORTING INFORMATION
Page 22 and 23: Hawthorn School District #73: Taxab
Page 24 and 25: ISBE Designations: • Financial Re
Page 28 and 29: STATE DETAIL
Page 30 and 31: Page 2 BUDGET SUMMARY Page 2 1 2 3
Page 32 and 33: Page 4 SUMMARY OF CASH TRANSACTIONS
Page 34 and 35: Page 6 ESTIMATED RECEIPTS/REVENUES
Page 36 and 37: Page 8 ESTIMATED RECEIPTS/REVENUES
Page 38 and 39: Page 11 ESTIMATED DISBURSEMENTS/EXP
Page 40 and 41: 1 Page 13 ESTIMATED DISBURSEMENTS/E
Page 42 and 43: Page 15 ESTIMATED DISBURSEMENTS/EXP
Page 44 and 45: 1 2 325 3 350 351 352 353 354 Page
Page 46 and 47: Page 20 ILLINOIS STATE BOARD OF EDU

2013-14 budget - Hawthorn School District 73

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