June 2010June 2010

Jeff Wooten, Ed.D. Jeff Wooten, Ed.D. Superintendent Superintendent

Board Members: Don Pendergrass, President Mike Elliott, Vice President Pam Doyle Farrell Southern Willis Thompson

Bank AccountsJune 2010

1.59 months

Total Beginning Bank Balance     $2,971,930.74General Fund CD 1,000,000.00Revenues 1,730,916.85Extended Day Income 32,895.28Interest Income 3,531.68Total Income 1,767,343.81

ExpendituresTransferred to CD 0.00Accounts Payable 204,528.84Payroll 1,665,272.28Transfers out- to CNP 48,847.34Total Expenditures 1,918,648.46Ending Bank Balance     3,820,626.09Less Public School Fund 763,263.68Expendiable Money     $3,057,362.41

General Fund-Bank $1,840,642.42   General Fund-CD $1,000,000.00   

Special Funds $216,719.99   Total Expndiable Money $3,057,362.41   

CHILD NUTRITION      

Beginning Bank Balance $251,519.34Revenues 86,071.89Transfer in from Gen Fund 48,847.34Total Income

134,919.23Expenditures:Transferred to CDAccounts Payable 45,996.78Payroll 85,923.74Total Expenditures

131,920.52

Ending Bank Balance     $254,518.05

NET RECEIPTS ANALYSIS

EDUCATION TRUST FUND

June

FISCAL YEAR 2010-2011

NET RECEIPTS ANALYSIS

June YEAR TO DATE

June June 2009 2010

2009 2010 CHANGE PERCENT GROSS GROSS CHANGE PERCENT

REVENUE SOURCE ACTUAL ACTUAL CHANGE YTD YTD   CHANGE

UNCLASSIFIED 0.00 0.00 0.00 0.00% 0.00 0.00 0.00 0.00%

BEER TAX 1,978,429.35 1,992,828.49 14,399.14 0.73% 16,710,719.63 16,245,895.41 -464,824.22 -2.78%

HYDROELECTRIC TAX 0.00 0.00 0.00 0.00% 183,592.32 0.00 -183,592.32 -100.00%

INCOME TAX 303,821,462.14 121,875,167.51 -181,946,294.63 -59.89% 2,421,471,450.28 2,132,384,123.42 -289,087,326.86 -11.94%

INSURANCE PREMIUM TAX 0.00 -75,067.71 -75,067.71 0.00% 30,970,421.58 30,804,780.80 -165,640.78 -0.53%

MOBILE TELCOM 2,985,808.49 4,547,947.42 1,562,138.93 52.32% 27,671,682.51 29,279,897.58 1,608,215.07 5.81%

SALES TAX 134,755,823.22 153,185,729.29 18,429,906.07 13.68% 1,100,685,012.96 1,158,473,079.93 57,788,066.97 5.25%

STORE LICENSES 3,454.70 2,798.82 -655.88 -18.99% 184,510.44 -62,051.95 -246,562.39 -133.63%

USE TAX 19,957,269.75 18,890,214.75 -1,067,055.00 -5.35% 181,498,219.67 173,225,804.61 -8,272,415.06 -4.56%

UTILITY TAX 40,005,383.89 20,991,602.88 -19,013,781.01 -47.53% 306,765,569.80 301,956,423.95 -4,809,145.85 -1.57%

SUB-TOTALS 503,507,631.54 321,411,221.45 -182,096,410.09 -36.17% 4,086,141,179.19 3,842,307,953.75 -243,833,225.44 -5.97%

MISC TRANS & REV 3,769.43 6,274.17 2,504.74 66.45% 222,504,424.48 583,480.30 -221,920,944.18 -99.74%

GRAND TOTALS 503,511,400.97 321,417,495.62 -182,093,905.35 -36.16% 4,308,645,603.67 3,842,891,434.05 -465,754,169.62 -10.81%

General Fund Comparison of Budget and Actual

June 2010

State and Local Revenues

ActualBudget To the good

                  REVENUES BUDGET ACTUAL DIFFERENCE    STATE $9,877,422 $9,892,333 $14,911   FEDERAL $600 $774 $174   LOCAL $5,707,478 $5,604,932 -$102,546   OTHER $239,917 $327,906 $87,989    TOTAL REVENUES $15,825,417  $15,825,945  $528    EXPENDITURES     

  INSTRUCTIONAL SERVICES $9,615,962 $9,346,431 -$269,531 

  INSTRUCTIONAL SUPPORT $2,804,690 $2,716,858 -$87,832 

  OPERATIONS & MAINTENANCE $1,329,616 $1,229,764 -$99,852 

  AUXILIARY SERVICES $123,189 $154,950 $31,761 

  GENERAL ADMINISTRATIVE $812,550 $815,025 $2,475 

  CAPITAL OUTLAY $0 $0   OTHER $608,259 $590,101 -$18,158 TOTAL EXPENDITURES $15,294,266  $14,853,129  -$441,137    EXCESS REVENUE OVER  (UNDER EXPENDITURES) $531,151 $972,816 $441,665                

General Fund Revenues and Expenditures By Function CodeJune 2010

Revenues$15,825,945

Expenditures$14,853,129

Local Revenue ComparisonJune 2010 – June 2009

June 2010 June 2009 Difference

4 Mill Property Tax $671,289 $617,043 $54,246

County Sales Tax $684,210 $753,918 -$69,708

County Alcohol Bev Tax $29,135 $30,765 -$1,630

3 Mill Property Tax $442,535 $426,264 $16,271

13 Mill Property Tax $1,917,652 $1,831,842 $85,810

District Alcohol Bev Tax $34,079 $32,539 $1,540

City Council $945,000 $945,000 $0

TVA $601,113 $578,828 $22,285

Total $5,325,013   $5,216,198   $108,815

General Fund Expenditures By Object CodeJune 2010

$14,853,129 $12,848,047 Payroll Expense$ 438,958 Transfer out to CNP for Benefits$ 1,566,124 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

June 2010

General, Federal, CNP,Principal Accounts & Capital

Budget Actual To the good

                    

REVENUES BUDGET ACTUALDIFFEREN

CE 

  STATE$10,464,08

0$10,572,7

13 $108,633 

  FEDERAL $2,297,522$2,199,72

7 -$97,795 

  LOCAL $8,141,433$7,744,02

7 -$397,406 

  OTHER $1,913,969$2,039,82

1 $125,852    

TOTAL REVENUES  $22,817,00

5 $22,556,2

88  -$260,717    EXPENDITURES     

 INSTRUCTIONAL SERVICES

$11,342,573

$10,811,760 -$530,813 

 INSTRUCTIONAL SUPPORT $3,241,024

$3,091,337 -$149,687 

 OPERATIONS & MAINTENANCE $2,355,974

$1,929,475 -$426,499 

 AUXILIARY SERVICES $1,650,992

$1,764,230 $113,238 

 GENERAL ADMINISTRATIVE $870,798 $856,104 -$14,694 

  CAPITAL OUTLAY $1,370,121$1,107,31

5 -$262,806 

  OTHER $1,187,518$1,159,36

1 -$28,157 

TOTAL EXPENDITURES  $22,019,00

0 $20,719,5

82 

-$1,299,41

8    EXCESS REVENUE OVER  

(UNDER EXPENDITURES) $798,005$1,836,70

6$1,038,70

1                  

Total Funds Revenues and Expenditures By Function Code

June 2010

Revenues$22,556,288

Expenditures$20,719,582