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Financial ReportFinancial Report

Summary Financial Report for the General Summary Financial Report for the General Operating Funds of the Brunswick City Operating Funds of the Brunswick City

School District Year Ended June 30, 2012School District Year Ended June 30, 2012

Presented by:Presented by:

Patrick K. East, Treasurer/CFOPatrick K. East, Treasurer/CFO

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Cash BalancesCash Balances

June 30, 2012June 30, 2012

General Fund Ending Cash Balance General Fund Ending Cash Balance $7,902,525$7,902,525

Unencumbered Cash Balance Unencumbered Cash Balance $7,333,839$7,333,839

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Days of Operating CashDays of Operating Cash

Based on a 240 day Operating Year, our Based on a 240 day Operating Year, our ending General Fun Cash Balance had an ending General Fun Cash Balance had an

equivalent reserve to cover:equivalent reserve to cover:

26 Days26 Days

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Estimates to ActualEstimates to Actual

General Fund Estimated Resources to General Fund Estimated Resources to Actual Revenue:Actual Revenue:

Total Revenue $62,077,000Total Revenue $62,077,000

1.15% 1.15% OverOver

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Estimates to ActualEstimates to Actual

General Fund Estimated Expenditures to General Fund Estimated Expenditures to Actual Expenditures & Encumbrances:Actual Expenditures & Encumbrances:

Total Expenditures $66,801,000Total Expenditures $66,801,000

0.63% 0.63% OverOver

Unencumbered CashUnencumbered Cash

FY 2013FY 2013 $1,129,000 est$1,129,000 est

FY 2012FY 2012 $7,333,000$7,333,000

FY 2011FY 2011 $11,137,000$11,137,000

FY 2010FY 2010 $11,693,000$11,693,000

FY 2009FY 2009 $9,889,000$9,889,000

FY 2008FY 2008 $5,948,000$5,948,000

FY 2007FY 2007 $1,961,000$1,961,000

FY 2006FY 2006 $1,547,000$1,547,00066

Year End Summary Financial Year End Summary Financial PresentationPresentation

Basic State Aid Basic State Aid

FY 2013FY 2013 $20,015,000 est$20,015,000 est

FY 2012FY 2012 $20,592,000$20,592,000

FY 2011FY 2011 $19,984,000$19,984,000

FY 2010FY 2010 $20,676,000$20,676,000

FY 2009FY 2009 $22,275,000$22,275,000

FY 2008FY 2008 $22,249,000$22,249,000

FY 2007FY 2007 $22,296,000$22,296,000

FY 2006FY 2006 $22,298,000$22,298,00077

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Personal Property TaxesPersonal Property Taxes

FY 2013FY 2013 $ 816,000 est$ 816,000 est

FY 2012FY 2012 $ 827,000$ 827,000

FY 2011FY 2011 $ 825,000$ 825,000

FY 2010FY 2010 $ 888,000$ 888,000

FY 2009FY 2009 $1,668,000$1,668,000

FY 2008FY 2008 $2,601,000$2,601,000

FY 2007FY 2007 $3,423,000$3,423,000

FY 2006FY 2006 $3,692,000$3,692,00088

Year End Summary Financial Year End Summary Financial PresentationPresentation

Personal Property Personal Property Reimbursement (HB 66)Reimbursement (HB 66)

FY 2013FY 2013 $ $ nonenone

FY 2012FY 2012 $ 932,000$ 932,000

FY 2011FY 2011 $2,222,000 $2,222,000

FY 2010FY 2010 $2,182,000$2,182,000

FY 2009FY 2009 $1,854,000$1,854,000

FY 2008FY 2008 $1,024,000$1,024,000

FY 2007FY 2007 $ 770,000$ 770,000

FY 2006FY 2006 $ 129,000$ 129,00099

Year End Summary Financial Year End Summary Financial PresentationPresentation

General Fund – General Fund – Federal Stimulus MoneyFederal Stimulus Money

FY 2013FY 2013 $ $ none none

FY 2012FY 2012 $ 1,186,000$ 1,186,000

FY 2011FY 2011 $ 1,698,000 $ 1,698,000

FY 2010FY 2010 $ 1,398,000$ 1,398,000

FY 2009FY 2009 $$ nonenone

FY 2008FY 2008 $$ nonenone

FY 2007FY 2007 $ $ nonenone

FY 2006FY 2006 $$ nonenone1010

Year End Summary Financial Year End Summary Financial PresentationPresentation

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Sources of RevenueSources of Revenue

Real & Personal Property Tax Real & Personal Property Tax 53.4%53.4%

State Basic AidState Basic Aid 33.2%33.2%

Federal Aid (ARRA)Federal Aid (ARRA) 2.0%2.0%

Other State AidOther State Aid 9.4%9.4%

Local SourcesLocal Sources 2.0%2.0%

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ExpendituresExpenditures

Salaries & BenefitsSalaries & Benefits 85.5%85.5%

Purchased ServicesPurchased Services 7.6%7.6%

Supplies & EquipmentSupplies & Equipment 4.3%4.3%

Other ExpendituresOther Expenditures 2.6%2.6%

General Fund – General Fund – Estimated Cash BalancesEstimated Cash Balances

Five Year ForecastFive Year Forecast

• FY 2013FY 2013 $ 1,129,000 $ 1,129,000

FY 2014FY 2014 ($ 5,152,000)($ 5,152,000)

FY 2015FY 2015 ($ 13,599,000) ($ 13,599,000)

FY 2016FY 2016 ($ 24,348,000)($ 24,348,000)

FY 2017FY 2017 ($ 37,541,000) ($ 37,541,000)

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Financial Forecast Financial Forecast

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