04.04.2015 Views

Thursday, May 27, 2010, 5:00 PM Adams - Fayetteville Public Schools

Thursday, May 27, 2010, 5:00 PM Adams - Fayetteville Public Schools

Thursday, May 27, 2010, 5:00 PM Adams - Fayetteville Public Schools

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Executive Summary<br />

<strong>Fayetteville</strong> <strong>Public</strong> <strong>Schools</strong><br />

FY2<strong>00</strong>9-<strong>2010</strong><br />

Notes to Financial Report<br />

a. Funding/Expenditures not incurred equally throughout the year.<br />

b. Higher due to pre-season ticket sales and state championship appearances.<br />

c. Erate policies have changed and will now be sent as revenue and expenditure credits.<br />

d. Lower because first teacher payroll did not occur until September 14th<br />

e. Debt service payments primarily due on December 1st and June 1st.<br />

f. Includes purchases of textbooks and supplies purchased before beginning of school year.<br />

g. Increase in athletic expenditures is due to change in acccounting practices.<br />

Athletic expenditures were charged to both activity accounts and operating funds in prior years.<br />

Current year reflects all expenditures being charged to district operating fund. Expenditures<br />

are higher than projected because of participation in state championships.<br />

h. Miscellaneous expenditures are higher than projected primarily because of higher legal<br />

expenditures.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!