Current FYTD FCST Estimate
Current FYTD Actuals
Prior FYTD Actuals
Variance-Current FYTD
Actuals to Estimate Explanation of Variance
Revenue
1010 - General Property Tax (Real Estate) 8734607$ 9051875$ 8884228$ 317268$ timing of receipt of tax advances from Cuyahoga and Summit counties
1020 - Public Utility Personal Property Tax 233327$ 233327$ 220843$ -$
1035 - Unrestricted Grants-in-Aid 1092045$ 1105214$ 1096928$ 13169$
timing of receipt of foundation funds from ODE increase in tuition receipts for out-of-district students and weighted funding shifts in unrestricted and restricted aid thus negative variance below
1040 - Restricted Grants-in-Aid 77770$ 72806$ 77303$ (4964)$ 1050 - Property Tax Allocation 658843$ 661745$ 638820$ 2902$
1060 - All Other Operating Revenues 329214$ 410764$ 338202$ 81550$ timing of receipt of interest earnings and TIF payments in lieu of taxes compared to prior fiscal years interest rates increased for investments
1070 - Total Revenue 11125806$ 11535731$ 11256324$ 409925$
Other Financing Sources 2050 - Advances In $ 342000 $ 342000 $ 332000 -$ 2060 - All Other Financing Sources $ 664 $ 114 $ 1170 (550)$ 2080 Total Revenue and Other Financing Sources 11468470$ 11877845$ 11589494$ 409375$
Expenditures
3010 - Personnel Services 4878444$ 4949805$ 4742760$ (71361)$ timing of salary payments in FY19 vs prior fiscal years increased severance costs for retiredresigned employees
3020 - Employees RetirementInsur Benefits 1831882$ 1811087$ 1698334$ 20795$ timing of FY19 expenditures vs estimates based on historical trends
3030 - Purchased Services 1062931$ 1016818$ 1191316$ 46113$ timing of FY19 expenditures vs estimates based on historical trends
3040 - Supplies and Materials 428121$ 348469$ 371195$ 79652$ timing of FY19 expenditures vs estimates based on historical trends
3050 - Capital Outlay 36085$ 31085$ 85751$ 5000$
3060 - Intergovernmental 138951$ 120000$ 87754$ 18951$ timing of FY19 expenditures vs estimates based on historical trends
4300 - Other Objects 174970$ 177532$ 148078$ (2562)$ 4500 - Total Expenditures 8551384$ 8454796$ 8325188$ 96588$
Other Financing Uses
5010 - Operating Transfers-Out 834410$ 844260$ 808976$ (9850)$ transfer for Board contribution to Section 125 program occurred in February after approval by Board vs FCST estimate to occur in January
5020 - Advances Out 357000$ 357000$ 342000$ -$ 5030 - All Other Financing Uses -$ -$ 55$ -$ 5050 - Total Expenditures and Other Financing Uses 9742794$ 9656056$ 9476219$ 86738$
Surplus(Deficit) FYTD 1725676$ 2221789$ 2113275$ 496113$
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Cuyahoga Valley Career Center
Forecast Comparison - General Operating Fund -February 2019
Page 5 of 41
FCST Comp Month
FCST Comp FYTD
Revenue
Expenditures
Cash
Acceptance
Advances
Recon
APPSUM
Checks
Sheet1
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Unrestricted Property Restricted2018 - 2019 Real Personal Other Grants- Tax Grants- Non- Total
Estate Property Interest Local in-Aid Allocation in-Aid Operating Revenue
July 2821252 - 16428 33532 143938 - 9782 60 3024992
August 1561675 147120 38112 45696 152616 - 9785 54 1955058 -
September 293647 86207 28588 41858 131661 338843 9532 342000 1272336
October - 29399 7554 135045 322902 9532 - 504432
November - - 29762 12746 129969 - 7937 - 180414
December - - 56494 7122 127524 - 7790 - 198930
January 608000 - 16746 7384 151645 - 9505 - 793280
February 3767301 - 32922 6421 132816 - 8943 - 3948403
March - - - - - - - - -
April - - - - - - - - -
May - - - - - - - - -
June - - - - - - - - -
Totals $9051875 $233327 $248451 $162313 $1105214 $661745 $72806 $342114 $11877845
of Total 7621 196 209 137 930 557 061 288
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Cuyahoga Valley Career Center
Non-Operating Revenue includes advances in and refund of prior year expenditures
Revenue Analysis Report - General Operating Fund Only - FY19Local Revenue State Revenue
Taxes
Page 6 of 41
FCST Comp Month
FCST Comp FYTD
Revenue
Expenditures
Cash
Acceptance
Advances
Recon
APPSUM
Checks
Sheet1
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2018-2019 Other- Non- TotalSalaries Benefits Services Supplies Equipment Intergov DuesFees Operating Expenses
July 559587 211533 160235 41213 3952 30000 2465 - 1008985
August 873187 264093 207653 80750 2728 30000 77301 - 1535712
September 577106 233466 135043 31158 24405 - 50309 1161410 2212897
October 568686 218791 157525 61145 - - 4407 - 1010554
November 594330 215237 103436 53239 - - 1526 - 967768
December 566588 229738 47918 21938 - - 10355 - 876537
January 659062 222469 114802 31238 - 30000 20026 - 1077597
February 551259 215760 90206 27788 - 30000 11143 39850 966006
March - - - - - - - - -
April - - - - - - - - -
May - - - - - - - - -
June - - - - - - - - -
TOTALS $4949805 $1811087 $1016818 $348469 $31085 $120000 $177532 $1201260 $9656056
of Total 5126 1876 1053 361 032 124 184 1244Non-Operating expenses include advances and transfers out
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Expenditure Analysis Report - General Operating Fund - FY19
Cuyahoga Valley Career Center
Operating Fund includes General Fund (001) onlyPage 7 of 41
FCST Comp Month
FCST Comp FYTD
Revenue
Expenditures
Cash
Acceptance
Advances
Recon
APPSUM
Checks
Sheet1
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Beginning Monthly Fiscal Year Monthly Fiscal Year Current UnencumberedFund Fund Name Balance Receipts To Date Expenditures To Date Fund Current Fund
712018 Receipts Expenditures Balance Encumbrances Balance001 General Fund $1677332617 $394840264 $1187784536 $96600597 $965605379 $1899511774 $59315227 $1840196547003 Permanent Improvement $102269170 $200000 $77460389 $2659552 $39743722 139985837 $18725154 121260683006 Food Service $2728065 $912597 $9093090 $1195121 $10487721 1333434 $1238700 94734008 Endowment $11115135 $10127 $133995 $000 $800000 10449130 $57666 10391464009 Uniform School Supplies ($783910) $21000 $12553210 $436449 $9772037 1997263 $624951 1372312011 Rotary-Special Services $10187453 $357227 $1960015 $261207 $1622204 10525264 $683919 9841345012 Adult Education $17977710 $14131637 $135600855 $10870558 $118905650 34672915 $1224910 33448005018 Public School Support $22326548 $365112 $4615534 $407460 $12425754 14516328 $823009 13693319019 Other Grants $5435228 $000 $000 $000 $853763 4581465 $000 4581465022 District Agency $779321 $9031263 $87039955 $5479794 $85990691 1828585 $000 1828585200 Student Managed Activity $5676289 $261855 $13455594 $719011 $9063999 10067884 $494188 9573696451 Data Communications $000 $000 $90000 $000 $90000 000 $000 000461 Vocational Education Enhancements $206818 $000 $000 $000 $206818 000 $000 000499 Miscellaneous State Grants $000 $000 $250000 $000 $000 250000 $111500 138500524 Carl Perkins Grants ($1071904) $000 $18932106 $4907525 $26654351 (8794149) $3334039 (12128188)
Grand Totals (ALL Funds) $1854178540 $420131082 $1548969279 $123537274 $1282222089 $2120925730 $86633263 $2034292467
Cuyahoga Valley Career Center
FINSUMM Financial SummaryFebruary 2019
Page 8 of 41
FCST Comp Month
FCST Comp FYTD
Revenue
Expenditures
Cash
Acceptance
Advances
Recon
APPSUM
Checks
Sheet1
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This report is a listing of all grant funds authorized andor received throughout the 20182019 fiscal yearAuthorized Monthly Amount Amount
Fund Description Amount Amount Received ReceivedReceived FY-to-date Project-to-date
State Grants4519019 Network Connectivity Subsidy FY19 $180000 $000 $90000 $90000
4619019 High Schools That Work FY19 $000 $000 $000 $000
4999019 Safety Grant FY19 $250000 $000 $250000 $250000
Total State Funds $430000 $000 $340000 $340000
Federal Grants5249018 Carl D Perkins Secondary FY18 $30069685 $000 $3134183 $30069685
5249019 Carl D Perkins Secondary FY19 $30519232 $000 $9793311 $9793311
5249118 Carl D Perkins Adult FY18 $9452861 $000 $4545294 $9452861
5249119 Carl D Perkins Adult FY19 $6828144 $000 $1459318 $1459318
Total Federal Funds $76869922 $000 $18932106 $50775175
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Approved Funds for 20182019
Cuyahoga Valley Career Center
Page 9 of 41
FCST Comp Month
FCST Comp FYTD
Revenue
Expenditures
Cash
Acceptance
Advances
Recon
APPSUM
Checks
Sheet1
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I N I T I A L A D V A N C E I N F O R M A T I O N ADVANCE RETURNDate FROM TO Fund Date
Approved Fund Fund Name Amount Returned Amount8242017 001 0060000 Food Services $2500000 9112018 $2500000
8242017 001 0090000 Uniform School $3500000 9112018 $3500000Supplies
8242017 001 0120000 Adult Education $20000000 9112018 $20000000
8242017 001 0229004 Section 125 - $3200000 9112018 $3200000CVFT
8242017 001 200960A Student $5000000 9112018 $5000000Leadership
8302018 001 0060000 Food Services $2500000
8302018 001 0090000 Uniform School $5000000Supplies
8302018 001 0120000 Adult Education $20000000
8302018 001 0229004 Section 125 - $3200000CVFT
8302018 001 200960A Student $5000000Leadership
$69900000 $34200000
Advances Outstanding $35700000rb030719
Cuyahoga Valley Career Center
TOTAL Advances for 2018-2019
Record of Advances for 20182019
Page 10 of 41
FCST Comp Month
FCST Comp FYTD
Revenue
Expenditures
Cash
Acceptance
Advances
Recon
APPSUM
Checks
Sheet1
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FINSUM Balance 2120925730$
Bank Balance PNC Main Checking 41506029 PNC - Merchant Svcs 413040 PNC - Payroll Holding 8000000
49919069$
Investments
US Bank Meeder Investment Managers Managed Portfolio 1562568767 STAR Ohio 473380727 STAR Plus 2100421
2038049915$ Petty Cash Administrative Office 150000
- -
150000$ Change Fund
- - - -
-$
Less Outstanding Checks (6947197)$
Outstanding DepositsOther Adjustments Credit Card Receipts in Transit 239657 March 1 2019 Payroll in Transit 39057558 Feb 28 Transfer Error corrected in March 456728
- 39753943$
Bank Balance 2120925730$
Variance -$
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Cuyahoga Valley Career Center
Cash Reconciliation
February 28 2019
Page 11 of 41
FCST Comp Month
FCST Comp FYTD
Revenue
Expenditures
Cash
Acceptance
Advances
Recon
APPSUM
Checks
Sheet1
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February 2019rb030719
Prior FY FYTD MTD FYTD FYTDFYTD Carryover FYTD Actual Actual Current Unencumbered Percent
Fund Appropriated Encumbrances Expendable Expenditures Expenditures Encumbrances Balance ExpEnc
001 General Fund $1436498400 $29825894 $1466324294 $965605379 $96600597 $59315227 441403688 6990003 Permanent Improvement $111260389 $17766759 $129027148 $39743722 $2659552 $18725154 70558272 4532006 Food Service $12923000 $000 $12923000 $10487721 $1195121 $1238700 1196579 9074008 Endowment $1500000 $57666 $1557666 $800000 $000 $57666 700000 5506009 Uniform School Supplies $8534500 $1350000 $9884500 $9772037 $436449 $624951 (512488) 10518011 Rotary-Special Services $5637000 $288397 $5925397 $1622204 $261207 $683919 3619274 3892012 Adult Education $157837815 $1329177 $159166992 $118905650 $10870558 $1224910 39036432 7547018 Public School Support $22619000 $507549 $23126549 $12425754 $407460 $823009 9877786 5729019 Other Grants $4385228 $000 $4385228 $853763 $000 $000 3531465 1947022 District Agency $101234300 $000 $101234300 $85990691 $5479794 $000 15243609 8494200 Student Managed Activity $12980000 $108023 $13088023 $9063999 $719011 $494188 3529836 7303451 Data Communications $180000 $000 $180000 $90000 $000 $000 90000 5000461 Vocational Education Enhancements $546818 $60000 $606818 $206818 $000 $000 400000 3408499 Miscellaneous State Grants $250000 $000 $250000 $000 $000 $111500 138500 4460524 Carl Perkins Grants $38882353 $6607571 $45489924 $26654351 $4907525 $3334039 15501534 6592
Totals $1915268803 $57901036 $1973169839 $1282222089 $123537274 $86633263 $604314487 6937
Appropriation Summary
Cuyahoga Valley Career Center
Page 12 of 41