MAY 2010 Jeff Wooten, Ed.D. Superintendent Board Members: Farrell Southern, President Don...
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Transcript of MAY 2010 Jeff Wooten, Ed.D. Superintendent Board Members: Farrell Southern, President Don...
MAY 2010MAY 2010
Jeff Wooten, Ed.D. Jeff Wooten, Ed.D. Superintendent Superintendent
Board Members: Farrell Southern, President Don Pendergrass, Vice President Pam Doyle Mike Elliott Willis Thompson
Bank AccountsMay 2010
1.76 months
GENERAL/SPECIAL/CAPITAL
Beginning Bank Balance General Fund $2,200,436.50Beginning Bank Balance Special Funds -$80,818.17Beginning Bank Balance Capital Funds $793,959.53Total Beginning Bank Balance $2,913,577.86General Fund CD 1,000,000.00Revenues 1,842,092.51Extended Day Income 20,213.52Interest Income 3,885.79Total Income 1,866,191.82
ExpendituresTransferred to CD 0.00Accounts Payable 203,828.29Payroll 1,555,366.99Transfers out- to CNP 48,643.66Total Expenditures 1,807,838.94Ending Bank Balance 3,971,930.74Less Public School Fund 788,193.53Expendiable Money $3,183,737.21
General Fund-Bank $2,073,735.41 General Fund-CD $1,000,000.00
Special Funds $110,001.80 Total Expndiable Money $3,183,737.21
CHILD NUTRITION
Beginning Bank Balance $87,644.68CD 200,000.00Revenues 62,930.94Transfer in from Gen Fund 48,696.96Total Income
111,627.90Expenditures:Transferred to CDAccounts Payable 63,334.99Payroll 84,418.25Total Expenditures
147,753.24
Ending Bank Balance $251,519.34
I have not received the revenue collections from the state for May, 2010, will put in board packet on the 21st.
General Fund Comparison of Budget and Actual
May 2010
State and Local Revenues
REVENUES BUDGET ACTUAL DIFFERENCE
STATE$8,777,6
67 $8,801,946 $24,279 FEDERAL $550 $702 $152
LOCAL$5,368,3
96 $5,239,538 -$128,858 OTHER $207,498 $315,168 $107,670
TOTAL REVENUES$14,354,
111 $14,357,354 $3,243 EXPENDITURES
INSTRUCTIONAL SERVICES$8,555,2
67 $8,276,600 -$278,667
INSTRUCTIONAL SUPPORT$2,477,1
12 $2,412,529 -$64,583
OPERATIONS & MAINTENANCE$1,175,0
82 $1,083,653 -$91,429 AUXILIARY SERVICES $103,995 $128,487 $24,492 GENERAL ADMINISTRATIVE $722,985 $721,794 -$1,191 CAPITAL OUTLAY $0 $0 OTHER $538,907 $527,482 -$11,425
TOTAL EXPENDITURES$13,573,
348 $13,150,545 -$422,803 EXCESS REVENUE OVER (UNDER EXPENDITURES) $780,763 $1,206,809 $426,046
ActualBudget To the good
General Fund Revenues and Expenditures By Function CodeMay 2010
Revenues$14,357,354
Expenditures$13,150,545
Local Revenue ComparisonMay 2010 – May 2009
May 2010 May 2009 Difference
4 Mill Property Tax $663,871 $608,856 $55,015County Sales Tax $594,619 $664,021 -$69,402
County Alcohol Bev Tax $24,762 $26,602 -$1,8403 Mill Property Tax $438,140 $418,143 $19,99713 Mill Property Tax $1,898,606 $1,809,649 $88,956
District Alcohol Bev Tax $30,244 $28,921 $1,324City Council $840,000 $840,000 $0TVA $524,931 $509,083 $15,848
Total $5,015,174 $4,905,275 $109,899
General Fund Expenditures By Object CodeMay 2010
$13,150,545 $11,355,330 Payroll Expense$ 339,120 Transfer out to CNP for Benefits$ 1,456,095 Operational Expenses
School Systems Match
752.00 Insurance per employee per month12.51 Retirement 7.65 Medicare and Social Security .07 Unemployment 20.23 Per every dollar earned
Total BudgetComparison of Budget and Actual
May 2010
General, Federal, CNP,Principal Accounts & Capital
REVENUES BUDGET ACTUAL DIFFERENCE STATE $9,299,141 $9,480,777 $181,636 FEDERAL $2,035,271 $1,946,375 -$88,896 LOCAL $7,562,031 $7,310,878 -$251,153 OTHER $1,817,637 $1,963,635 $145,998 TOTAL REVENUES $20,714,081 $20,701,665 -$12,416 EXPENDITURES INSTRUCTIONAL SERVICES $10,096,126 $9,589,827 -$506,299 INSTRUCTIONAL SUPPORT $2,853,316 $2,756,941 -$96,375
OPERATIONS & MAINTENANCE $2,013,191 $1,681,908 -$331,283
AUXILIARY SERVICES $1,462,042 $1,602,007 $139,965
GENERAL ADMINISTRATIVE $774,828 $758,472 -$16,356
CAPITAL OUTLAY $1,420,162 $1,107,315 -$312,847 OTHER $1,061,218 $1,031,793 -$29,425 TOTAL EXPENDITURES $19,680,883 $18,528,263 -$1,152,620 EXCESS REVENUE OVER (UNDER EXPENDITURES) $1,033,198 $2,173,402 $1,140,204
Budget Actual To the good
Total Funds Revenues and Expenditures By Function Code
May 2010
Revenues$20,701,665
Expenditures$18,528,263