COLUMBUS CITY SCHOOLS

Monthly Financial Summary ReportGeneral Fund and related debt service

– Aug 2015 (FY2015-16)– Sep 2015 (FY2015-16)

Columbus Board of Education Meeting

October 20, 2015

2

3

SummaryYTD September 2015 (FY16)

FYF LN Prior YearCurrent Year 

PlanCurrent Year 

Actual

2.080 Total Revenues and Other Financing Sources $    295,343,197  $ 305,400,741  $  278,473,884 

5.050 Total Expenditures and Other Financing Uses $    194,443,434  $ 200,869,802  $  204,940,606 

Beginning Cash Balance $    120,198,371  $ 138,873,287  $  138,873,287 

Ending Cash Balance $    221,098,135  $ 243,404,226  $  212,406,565 

4

Variance SummaryYTD September 2015 (FY16)

FYF LN Current Yr Over(Under) Plan $ %

2.080 Total Revenues and Other Financing Sources $   (26,926,857) ‐8.8%

5.050 Total Expenditures and Other Financing Uses $      4,070,805  2.0%

Beginning Cash Balance $                   ‐ 0.0%

Ending Cash Balance $   (30,997,661) ‐12.7%

5

RevenueYTD September 2015 (FY16)

FYF LN Prior Year Current Year Plan Current Year Actual

1.010 General Property Tax (Real Estate) $    186,344,237  $ 186,900,000  $  182,591,711 

1.020 Tangible Personal Property  $                     ‐ $                  ‐ $                   ‐

1.035 + 1.040 Unrestr. & Restr. State Grants‐in‐Aid $      72,131,751  $   73,283,983  $    70,448,300 

1.045 Restricted Fed. Grants $                     ‐ $                  ‐ $                   ‐

1.050 Property Tax Allocation $      16,427,517  $   26,880,000  $    10,329,724 

1.060 All Other Revenues $        3,346,107  $     3,144,000  $      2,084,811 

1.070 Total Revenues $    278,249,612  $ 290,207,983  $  265,454,546 

Other Financing Sources2.040 Operating Transfers‐In $        4,779,500  $     3,981,258  $      2,581,804 2.050 Advances‐In $      10,207,139  $   11,174,000  $    10,388,454 

2.060 All Other Financing Sources $        2,106,946  $          37,500  $           49,079 

2.070 Total Other Financing Sources $      17,093,585  $   15,192,758  $    13,019,337 

2.080 Total Revenues and Other Financing Sources $    295,343,197  $ 305,400,741  $  278,473,884 

6

Revenue – VariancesYTD September 2015 (FY16)

FYF LN Current Yr Over(Under) Plan $ %

1.010 General Property Tax (Real Estate) $     (4,308,289) ‐2.3%

1.020 Tangible Personal Property  $  ‐ 0.0%1.035 + 1.040 Unrestr. & Restr. State Grants‐in‐Aid $     (2,835,682) ‐3.9%

1.045 Restricted Fed. Grants $     ‐ 0.0%

1.050 Property Tax Allocation $   (16,550,276) ‐61.6%1.060 All Other Revenues $     (1,059,189) ‐33.7%1.070 Total Revenues $   (24,753,436) ‐8.5%

Other Financing Sources2.040 Operating Transfers‐In $     (1,399,454) ‐35.2%2.050 Advances‐In $        (785,546) ‐7.0%2.060 All Other Financing Sources $   11,579  30.9%

2.070 Total Other Financing Sources $     (2,173,421) ‐14.3%

2.080 Total Revenues and Other Financing Sources $   (26,926,857) ‐8.8%

7

Revenue – General Property TaxLine 1.010 – Monthly as of September, FY2015-16

$0

$20

$40

$60

$80

$100

$120

$140

$160

JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN

Millions

PLAN

ACTUAL

8

Revenue – General Property TaxLine 1.010 – Accumulative thru September, FY2015-16

$136 $187  $187  $187  $187  $187 

$253 

$369 $408  $408  $408  $408 

$136

$183 $183

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN

Millions

PLAN

ACTUAL

9

Revenue – State FoundationLines 1.035 & 1.040 – Monthly as of September, FY2015-16

 $‐

 $5

 $10

 $15

 $20

 $25

 $30

JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN

Millions

1.035 & 1.040Plan

1.035 & 1.040Actual

10

Revenue – State FoundationLines 1.035 & 1.040 – Accumulated thru September, FY2015-16

 $‐

 $50

 $100

 $150

 $200

 $250

 $300

 $350

JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN

Millions

1.035 & 1.040 Plan

1.035 & 1.040 Actual

$293

11

Revenue – State FoundationLines 1.035 & 1.040 – SFPR History ($millions)

JUL #1 JUL #2 AUG #1 AUG #2 SEP #1 SEP #2 OCT #1

$276.8  $276.8  $276.8  $276.2  $276.2  $276.2  $297.0 

+7.5%

12

Revenue – State FoundationLines 1.035 & 1.040 – Estimates ($millions)

FYF Line Description May FYF FY16 Plan Oct FYF Oct #1 SFPR

1.035 + 1.040

Unrestr. & Restr. State Grants‐in‐Aid

$292.7  $293.1  $299.8  $297.0 

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Revenue – State – Property Tax AllocationLine 1.050 ($millions)

JUL AUG SEP OCT NOV DEC

PLAN $           ‐ $           ‐ $  26.880  $    0.037  $           ‐ $           ‐

ACTUAL $           ‐ $  10.307  $    0.023  $           ‐ $           ‐ $           ‐

JAN FEB MAR APR MAY JUN

PLAN $           ‐ $           ‐ $           ‐ $           ‐ $  26.940  $           ‐

ACTUAL $           ‐ $           ‐ $           ‐ $           ‐ $           ‐ $           ‐

14

RevenuesAccumulated thru September, FY2015-16

$185 

$190 

$425 

$81 

$100 

$347 

$13 

$15  $24 

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN

Millions

LOCAL ACTUAL

LOCAL PLAN

STATE ACTUAL

STATE PLAN

NON‐OPERATING ACTUAL

NON‐OPERATING PLAN

15

ExpendituresYTD September 2015 (FY16)

FYF LN Prior YearCurrent Year 

PlanCurrent Year 

Actual

3.010 + 3.020 Personnel $    133,067,414  $ 138,027,500  $  137,713,329 

3.030 Purchased Services $      10,660,381  $   12,918,424  $    12,422,588 

3.030Charter Schools, STEM, Scholarship, etc. (478, 479) $      34,829,905  $   35,182,400  $    40,057,236 

3.040 Supplies and Materials $        4,138,493  $     2,611,800  $      7,962,414 3.050 Capital Outlay $        2,059,053  $     1,797,378  $         367,473 4.300 Other Objects $        3,630,145  $     4,054,700  $      3,192,862 4.500 Total Expenditures $    188,385,390  $ 194,592,202  $  201,715,902 5.010 Operating Transfers‐Out $        5,422,300  $     5,250,000  $      3,224,604 5.020 Advances‐Out $           635,534  $     1,023,600  $                   ‐5.030 All Other Financing Uses $                  210  $            4,000  $                100 5.040 Total Other Financing Uses $        6,058,044  $     6,277,600  $      3,224,704 

5.050Total Expenditures and Other Financing Uses $    194,443,434  $ 200,869,802  $  204,940,606 

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Expenditures - VariancesYTD September 2015 (FY16)

FYF LN Current Yr Over(Under) Plan $ %

3.010 + 3.020 Personnel $        (314,171) ‐0.2%

3.030 Purchased Services $        (495,836) ‐3.8%

3.030 Charter Schools, STEM, Scholarship, etc. (478, 479) $      4,874,836  13.9%

3.040 Supplies and Materials $      5,350,614  204.9%3.050 Capital Outlay $     (1,429,905) ‐79.6%4.020 Principal‐Notes $                   ‐ ‐4.055 Principal‐Other $                   ‐ ‐4.060 Interest and Fiscal Charges $                   ‐ ‐4.300 Other Objects $        (861,838) ‐21.3%4.500 Total Expenditures $      7,123,700  3.7%5.010 Operating Transfers‐Out $     (2,025,396) ‐38.6%5.020 Advances‐Out $     (1,023,600) ‐100.0%5.030 All Other Financing Uses $            (3,900) 0.0%5.040 Total Other Financing Uses $     (3,052,896) ‐48.6%

5.050 Total Expenditures and Other Financing Uses $      4,070,805  2.0%

17

Expenditures – Annual AmountCharter Schools, STEM, Scholarship, etc. (478, 479)

$Millions JUL #1 JUL #2 AUG #1 AUG #2 SEP #1 SEP #2 OCT #1

SFPR $160.2  $158.7  $158.7  $159.5  $159.5  $159.4  $159.4 

PLAN $139.3  $139.3  $138.3  $138.3  $144.6  $144.6  $139.9 

ACTUAL $159.4  $159.4  $159.3  $159.3  $161.9  $161.9  $0.0 

$125.0

$130.0

$135.0

$140.0

$145.0

$150.0

$155.0

$160.0

$165.0

JUL #1 JUL #2 AUG #1 AUG #2 SEP #1 SEP #2 OCT #1

$MillionsSFPR

PLAN

ACTUAL

18

Expenditures – FY15Charter Schools, STEM, Scholarship, etc. (478, 479)

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

$16.0

$18.0

$20.0

JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN

Millions

19

Expenditures – Annual AmountCharter Schools, STEM, Scholarship, etc. (478, 479)

JUL #1 JUL #2 AUG #1 AUG #2 SEP #1 SEP #2 OCT #1

SFPR $160.2  $158.7  $158.7  $159.5  $159.5  $159.4  $159.4 PLAN $139.3  $139.3  $138.3  $138.3  $144.6  $144.6  $139.9 ACTUAL $159.4  $159.4  $159.3  $159.3  $161.9  $161.9  $0.0 PLAN‐ADJ $163.1 $163.1 $163.1 $163.1 $163.1 $163.1 $163.1

$125.0

$130.0

$135.0

$140.0

$145.0

$150.0

$155.0

$160.0

$165.0

JUL #1 JUL #2 AUG #1AUG #2 SEP #1 SEP #2 OCT #1

$Millions

SFPR

PLAN

ACTUAL

PLAN ‐ ADJ

20

Expenditures – VarianceCharter Schools, STEM, Scholarship, etc. (478, 479)

$MILLIONSJUL AUG SEP

ACTUAL VS. PLAN $1.7  $1.8  $1.4 ACTUAL VS. PLAN‐ADJ $0.3  $0.3  $0.1 

YTD ACTUAL VS. PLAN $1.7  $3.4  $4.9 YTD ACTUAL VS. PLAN‐ADJ $0.3  $0.6  $0.7 

21

Monthly Expenditure FlowPlan/Actual thru September, FY2015-16

$0

$10

$20

$30

$40

$50

$60

$70

JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN

Millions

Personnel‐Plan Non‐Personnel‐Plan

Personnel‐Actual Non‐Personnel‐Actual