Download - Unaudited Actuals June 30, 2010

Unaudited Actuals June 30, 2010

General Fund, Special Revenue, Capital and Debt Service Funds

Unaudited Actuals June 30, 2010September 14, 2010

Unaudited Actuals June 30, 2010

All funds solvent General fund at 3% reserve for

economic uncertainty, $1,763,248 Medium growth scenario with, April

apportionment attendance at 5,801 Designations $1.5 Million in budget

plan School site carryovers $ 263,248 Undesignated $728,181


Unprecendented Cuts made after Close of Prior Year

District revenue limit and categorical cuts at $5.3 Million in 2008-9

After prior year another $1.4 Million reduced in September 2009

School districts warned of more mid year cuts, likely reductions at 3 different times during year


Reinstatements Implemented

Must proceed cautiously due to state revenue collection weaknesses

Outlook long term, more than one year District reinstated in Oct 2009

2 furlough days Reinstatement counseling Site supplies (half of site SLIP funding) Set aside $1.3 Million for state reductions

(collaboration)


Special Education

Contribution from general fund increased from prior year $634,624 (one time federal)

The special education population growth needed added capacity

Teachers, speech therapist, and psychologist full time equivalents added


Unrestricted Fund

Fund balance saw decrease of $2,601,888 $1.4 Million Revenue Limit Reduction Spending of Federal Stimulus dollars An aggressive energy savings program over

$300,000


Unrestricted General Fund

Special Revenue Fund Child Nutrition Fund

Federal and State revenues decreased due to rate reductions from state

Food costs are increasing, even with high commodity usage

Increased transfer in at end $30,000


Adult Fund

Decreased fund balance, due to flex transfer to general fund, $1,491 fund balance

Program expenditures remain within budgeted amounts


Special Revenue FundDeferred Maintenance

Fund balance decreased from prior year to $185,178

Over $.5 Million transferred to general fund


Special Reserve Fund

Fund balance at year end $1,599,829 $399,829 planned for general fund usage $1.2 Million remaining for mid year cuts or

for 2011-2012 budget reductions


Capital Fund - Building Fund

Bond fund ending balance is $39,581,156 Fourth full year of bond activity Technology, Dublin High School Humanities,

Admin, Social Sciences, Athletics, Dublin Elementary, Wells outdoor lunch shelter enclosure


Capital Facilities Fund

Developer fees and mitigation fees began small escalations but still slow

Fund balance at end of year $3,929,669 Funds being reserved to fund the initial cash

flows of Kolb Elementary School District will be reimbursed by state funding

someday


Capital FundCounty School Facilities Fund

Fund balance at end of year $399,356 Primary funded items in this fund were Kolb

Elementary construction Awaiting state funding


Board Direction and Approval

Approval of Unaudited Actuals Required Consider reinstatement of items Fiscal Advisory Committee


Any Questions

?Unaudited Actuals June 30, 2010September 14, 2010

Download - Unaudited Actuals June 30, 2010

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