2013-14 budget - Hawthorn School District 73

• Approximately $137,000 in expenditures were added due to the closure of activity
accounts per the auditor’s recommendation. The state dictates which accounts are to be
classified as activity accounts, and which should be district accounts, and this shift had us
move the revenue to these accounts with the audit, in the FY 2013 school year, and these
accounts will be made available to the schools through the expenditure accounts this year.
• There is a $100,000 reduction in insurance changes during the year. We have found that
this does not have as big an affect as we had budgeted for.
• Many of the changes are between categories, so there is not an effect on our budget, just
in how they are coded.
• We did not receive Sodexo’s bill for April which was found during the audit. This will
be paid in FY 2014, and increase our costs this year.
• The cost of the LCD project came in about $80,000 higher than we had built in the
Tentative Budget, but still within our budget for technology in the Reserve Study.
Our Final Budget shows an operating fund surplus of approximately $72,844. With operating
revenues of $50,806,824 and operating expenditures of $50,733,980. The overall budget when
you add in Capital Projects, Bond and Interest and Working Cash Fund Bonds shows receipts of
$58,874,692 with expenditures in the amount of $60,263,014, for an overall deficit of
($1,388,322), which is due to us utilizing bond funds to take care of Capital Projects per the
Reserve Study.
I feel the attached budget is conservative, and that if we continue to closely monitor our
spending, we will see a larger surplus at the end of the year, as we have the past few years. We
will continue to analyze our Budget Prioritization this year, so that we can ensure that the
programs at Hawthorn District 73 continue to meet the needs of the students, and our mission of
“Learning for all, working together and doing whatever it takes!”
Final Budget 2013-14 discussion.doc