Unaudited Actuals June 30, 2010

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Unaudited Actuals June 30, 2010. General Fund, Special Revenue, Capital and Debt Service Funds. Unaudited Actuals June 30, 2010 September 14, 2010. Unaudited Actuals June 30, 2010. All funds solvent General fund at 3% reserve for economic uncertainty, $1,763,248 - PowerPoint PPT Presentation

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<ul><li><p>Unaudited Actuals June 30, 2010General Fund, Special Revenue, Capital and Debt Service FundsUnaudited Actuals June 30, 2010September 14, 2010</p></li><li><p>Unaudited Actuals June 30, 2010All funds solventGeneral fund at 3% reserve for economic uncertainty, $1,763,248Medium growth scenario with, April apportionment attendance at 5,801Designations $1.5 Million in budget planSchool site carryovers $ 263,248Undesignated $728,181</p><p>Unaudited Actuals June 30, 2010September 14, 2010</p></li><li><p>Unprecendented Cuts made after Close of Prior Year District revenue limit and categorical cuts at $5.3 Million in 2008-9After prior year another $1.4 Million reduced in September 2009School districts warned of more mid year cuts, likely reductions at 3 different times during year</p><p>Unaudited Actuals June 30, 2010September 14, 2010</p></li><li><p>Reinstatements ImplementedMust proceed cautiously due to state revenue collection weaknessesOutlook long term, more than one yearDistrict reinstated in Oct 2009 2 furlough daysReinstatement counselingSite supplies (half of site SLIP funding) Set aside $1.3 Million for state reductions (collaboration)</p><p>Unaudited Actuals June 30, 2010September 14, 2010</p></li><li><p>Special EducationContribution from general fund increased from prior year $634,624 (one time federal) The special education population growth needed added capacityTeachers, speech therapist, and psychologist full time equivalents added</p><p>Unaudited Actuals June 30, 2010September 14, 2010</p></li><li><p>Unrestricted Fund</p><p>Fund balance saw decrease of $2,601,888$1.4 Million Revenue Limit ReductionSpending of Federal Stimulus dollarsAn aggressive energy savings program over $300,000Unaudited Actuals June 30, 2010September 14, 2010Unrestricted General Fund</p></li><li><p>Special Revenue Fund Child Nutrition FundFederal and State revenues decreased due to rate reductions from stateFood costs are increasing, even with high commodity usageIncreased transfer in at end $30,000Unaudited Actuals June 30, 2010September 14, 2010</p></li><li><p>Adult FundDecreased fund balance, due to flex transfer to general fund, $1,491 fund balanceProgram expenditures remain within budgeted amounts</p><p>Unaudited Actuals June 30, 2010September 14, 2010</p></li><li><p>Special Revenue FundDeferred MaintenanceFund balance decreased from prior year to $185,178Over $.5 Million transferred to general fund </p><p>Unaudited Actuals June 30, 2010September 14, 2010</p></li><li><p>Special Reserve FundFund 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 reductionsUnaudited Actuals June 30, 2010September 14, 2010</p></li><li><p>Capital Fund - Building FundBond fund ending balance is $39,581,156Fourth full year of bond activityTechnology, Dublin High School Humanities, Admin, Social Sciences, Athletics, Dublin Elementary, Wells outdoor lunch shelter enclosureUnaudited Actuals June 30, 2010September 14, 2010</p></li><li><p>Capital Facilities FundDeveloper fees and mitigation fees began small escalations but still slowFund balance at end of year $3,929,669Funds being reserved to fund the initial cash flows of Kolb Elementary School District will be reimbursed by state funding someday </p><p>Unaudited Actuals June 30, 2010September 14, 2010</p></li><li><p>Capital FundCounty School Facilities FundFund balance at end of year $399,356Primary funded items in this fund were Kolb Elementary constructionAwaiting state fundingUnaudited Actuals June 30, 2010September 14, 2010</p></li><li><p>Board Direction and Approval</p><p>Approval of Unaudited Actuals RequiredConsider reinstatement of items Fiscal Advisory Committee</p><p>Unaudited Actuals June 30, 2010September 14, 2010</p></li><li><p>Any Questions</p><p>?Unaudited Actuals June 30, 2010September 14, 2010</p></li></ul>