COLUMBUS CITY SCHOOLS
Monthly Financial Summary ReportGeneral Fund and related debt service
– Aug 2015 (FY2015-16)– Sep 2015 (FY2015-16)
Columbus Board of Education Meeting
October 20, 2015
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SummaryYTD September 2015 (FY16)
FYF LN Prior YearCurrent Year
PlanCurrent Year
Actual
2.080 Total Revenues and Other Financing Sources $ 295,343,197 $ 305,400,741 $ 278,473,884
5.050 Total Expenditures and Other Financing Uses $ 194,443,434 $ 200,869,802 $ 204,940,606
Beginning Cash Balance $ 120,198,371 $ 138,873,287 $ 138,873,287
Ending Cash Balance $ 221,098,135 $ 243,404,226 $ 212,406,565
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Variance SummaryYTD September 2015 (FY16)
FYF LN Current Yr Over(Under) Plan $ %
2.080 Total Revenues and Other Financing Sources $ (26,926,857) ‐8.8%
5.050 Total Expenditures and Other Financing Uses $ 4,070,805 2.0%
Beginning Cash Balance $ ‐ 0.0%
Ending Cash Balance $ (30,997,661) ‐12.7%
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RevenueYTD September 2015 (FY16)
FYF LN Prior Year Current Year Plan Current Year Actual
1.010 General Property Tax (Real Estate) $ 186,344,237 $ 186,900,000 $ 182,591,711
1.020 Tangible Personal Property $ ‐ $ ‐ $ ‐
1.035 + 1.040 Unrestr. & Restr. State Grants‐in‐Aid $ 72,131,751 $ 73,283,983 $ 70,448,300
1.045 Restricted Fed. Grants $ ‐ $ ‐ $ ‐
1.050 Property Tax Allocation $ 16,427,517 $ 26,880,000 $ 10,329,724
1.060 All Other Revenues $ 3,346,107 $ 3,144,000 $ 2,084,811
1.070 Total Revenues $ 278,249,612 $ 290,207,983 $ 265,454,546
Other Financing Sources2.040 Operating Transfers‐In $ 4,779,500 $ 3,981,258 $ 2,581,804 2.050 Advances‐In $ 10,207,139 $ 11,174,000 $ 10,388,454
2.060 All Other Financing Sources $ 2,106,946 $ 37,500 $ 49,079
2.070 Total Other Financing Sources $ 17,093,585 $ 15,192,758 $ 13,019,337
2.080 Total Revenues and Other Financing Sources $ 295,343,197 $ 305,400,741 $ 278,473,884
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Revenue – VariancesYTD September 2015 (FY16)
FYF LN Current Yr Over(Under) Plan $ %
1.010 General Property Tax (Real Estate) $ (4,308,289) ‐2.3%
1.020 Tangible Personal Property $ ‐ 0.0%1.035 + 1.040 Unrestr. & Restr. State Grants‐in‐Aid $ (2,835,682) ‐3.9%
1.045 Restricted Fed. Grants $ ‐ 0.0%
1.050 Property Tax Allocation $ (16,550,276) ‐61.6%1.060 All Other Revenues $ (1,059,189) ‐33.7%1.070 Total Revenues $ (24,753,436) ‐8.5%
Other Financing Sources2.040 Operating Transfers‐In $ (1,399,454) ‐35.2%2.050 Advances‐In $ (785,546) ‐7.0%2.060 All Other Financing Sources $ 11,579 30.9%
2.070 Total Other Financing Sources $ (2,173,421) ‐14.3%
2.080 Total Revenues and Other Financing Sources $ (26,926,857) ‐8.8%
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Revenue – General Property TaxLine 1.010 – Monthly as of September, FY2015-16
$0
$20
$40
$60
$80
$100
$120
$140
$160
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
Millions
PLAN
ACTUAL
8
Revenue – General Property TaxLine 1.010 – Accumulative thru September, FY2015-16
$136 $187 $187 $187 $187 $187
$253
$369 $408 $408 $408 $408
$136
$183 $183
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
Millions
PLAN
ACTUAL
9
Revenue – State FoundationLines 1.035 & 1.040 – Monthly as of September, FY2015-16
$‐
$5
$10
$15
$20
$25
$30
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
Millions
1.035 & 1.040Plan
1.035 & 1.040Actual
10
Revenue – State FoundationLines 1.035 & 1.040 – Accumulated thru September, FY2015-16
$‐
$50
$100
$150
$200
$250
$300
$350
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
Millions
1.035 & 1.040 Plan
1.035 & 1.040 Actual
$293
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Revenue – State FoundationLines 1.035 & 1.040 – SFPR History ($millions)
JUL #1 JUL #2 AUG #1 AUG #2 SEP #1 SEP #2 OCT #1
$276.8 $276.8 $276.8 $276.2 $276.2 $276.2 $297.0
+7.5%
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Revenue – State FoundationLines 1.035 & 1.040 – Estimates ($millions)
FYF Line Description May FYF FY16 Plan Oct FYF Oct #1 SFPR
1.035 + 1.040
Unrestr. & Restr. State Grants‐in‐Aid
$292.7 $293.1 $299.8 $297.0
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Revenue – State – Property Tax AllocationLine 1.050 ($millions)
JUL AUG SEP OCT NOV DEC
PLAN $ ‐ $ ‐ $ 26.880 $ 0.037 $ ‐ $ ‐
ACTUAL $ ‐ $ 10.307 $ 0.023 $ ‐ $ ‐ $ ‐
JAN FEB MAR APR MAY JUN
PLAN $ ‐ $ ‐ $ ‐ $ ‐ $ 26.940 $ ‐
ACTUAL $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐
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RevenuesAccumulated thru September, FY2015-16
$185
$190
$425
$81
$100
$347
$13
$15 $24
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
Millions
LOCAL ACTUAL
LOCAL PLAN
STATE ACTUAL
STATE PLAN
NON‐OPERATING ACTUAL
NON‐OPERATING PLAN
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ExpendituresYTD September 2015 (FY16)
FYF LN Prior YearCurrent Year
PlanCurrent Year
Actual
3.010 + 3.020 Personnel $ 133,067,414 $ 138,027,500 $ 137,713,329
3.030 Purchased Services $ 10,660,381 $ 12,918,424 $ 12,422,588
3.030Charter Schools, STEM, Scholarship, etc. (478, 479) $ 34,829,905 $ 35,182,400 $ 40,057,236
3.040 Supplies and Materials $ 4,138,493 $ 2,611,800 $ 7,962,414 3.050 Capital Outlay $ 2,059,053 $ 1,797,378 $ 367,473 4.300 Other Objects $ 3,630,145 $ 4,054,700 $ 3,192,862 4.500 Total Expenditures $ 188,385,390 $ 194,592,202 $ 201,715,902 5.010 Operating Transfers‐Out $ 5,422,300 $ 5,250,000 $ 3,224,604 5.020 Advances‐Out $ 635,534 $ 1,023,600 $ ‐5.030 All Other Financing Uses $ 210 $ 4,000 $ 100 5.040 Total Other Financing Uses $ 6,058,044 $ 6,277,600 $ 3,224,704
5.050Total Expenditures and Other Financing Uses $ 194,443,434 $ 200,869,802 $ 204,940,606
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Expenditures - VariancesYTD September 2015 (FY16)
FYF LN Current Yr Over(Under) Plan $ %
3.010 + 3.020 Personnel $ (314,171) ‐0.2%
3.030 Purchased Services $ (495,836) ‐3.8%
3.030 Charter Schools, STEM, Scholarship, etc. (478, 479) $ 4,874,836 13.9%
3.040 Supplies and Materials $ 5,350,614 204.9%3.050 Capital Outlay $ (1,429,905) ‐79.6%4.020 Principal‐Notes $ ‐ ‐4.055 Principal‐Other $ ‐ ‐4.060 Interest and Fiscal Charges $ ‐ ‐4.300 Other Objects $ (861,838) ‐21.3%4.500 Total Expenditures $ 7,123,700 3.7%5.010 Operating Transfers‐Out $ (2,025,396) ‐38.6%5.020 Advances‐Out $ (1,023,600) ‐100.0%5.030 All Other Financing Uses $ (3,900) 0.0%5.040 Total Other Financing Uses $ (3,052,896) ‐48.6%
5.050 Total Expenditures and Other Financing Uses $ 4,070,805 2.0%
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Expenditures – Annual AmountCharter Schools, STEM, Scholarship, etc. (478, 479)
$Millions JUL #1 JUL #2 AUG #1 AUG #2 SEP #1 SEP #2 OCT #1
SFPR $160.2 $158.7 $158.7 $159.5 $159.5 $159.4 $159.4
PLAN $139.3 $139.3 $138.3 $138.3 $144.6 $144.6 $139.9
ACTUAL $159.4 $159.4 $159.3 $159.3 $161.9 $161.9 $0.0
$125.0
$130.0
$135.0
$140.0
$145.0
$150.0
$155.0
$160.0
$165.0
JUL #1 JUL #2 AUG #1 AUG #2 SEP #1 SEP #2 OCT #1
$MillionsSFPR
PLAN
ACTUAL
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Expenditures – FY15Charter Schools, STEM, Scholarship, etc. (478, 479)
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
$14.0
$16.0
$18.0
$20.0
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
Millions
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Expenditures – Annual AmountCharter Schools, STEM, Scholarship, etc. (478, 479)
JUL #1 JUL #2 AUG #1 AUG #2 SEP #1 SEP #2 OCT #1
SFPR $160.2 $158.7 $158.7 $159.5 $159.5 $159.4 $159.4 PLAN $139.3 $139.3 $138.3 $138.3 $144.6 $144.6 $139.9 ACTUAL $159.4 $159.4 $159.3 $159.3 $161.9 $161.9 $0.0 PLAN‐ADJ $163.1 $163.1 $163.1 $163.1 $163.1 $163.1 $163.1
$125.0
$130.0
$135.0
$140.0
$145.0
$150.0
$155.0
$160.0
$165.0
JUL #1 JUL #2 AUG #1AUG #2 SEP #1 SEP #2 OCT #1
$Millions
SFPR
PLAN
ACTUAL
PLAN ‐ ADJ
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Expenditures – VarianceCharter Schools, STEM, Scholarship, etc. (478, 479)
$MILLIONSJUL AUG SEP
ACTUAL VS. PLAN $1.7 $1.8 $1.4 ACTUAL VS. PLAN‐ADJ $0.3 $0.3 $0.1
YTD ACTUAL VS. PLAN $1.7 $3.4 $4.9 YTD ACTUAL VS. PLAN‐ADJ $0.3 $0.6 $0.7
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Monthly Expenditure FlowPlan/Actual thru September, FY2015-16
$0
$10
$20
$30
$40
$50
$60
$70
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
Millions
Personnel‐Plan Non‐Personnel‐Plan
Personnel‐Actual Non‐Personnel‐Actual