FINANCIAL REPORT

As of December 31st, 2013

Presented January 22nd, 2014

by Dan Poolman

SOUTH WHIDBEY SCHOOL DISTRICT NO. 206

General Fund – Revenue (YTD)

General Fund – Revenue (YTD Comparison)

General Fund – Total Expenses

General Fund –Expenses by Object Code

Object CodeDescription Budget Current Month Year-to-Date Encumbered Balance %

2 SALARIES- Certificated 6,381,329$ 454,868$ 2,269,173$ 4,180,906$ (68,750)$ 101.1%

3 SALARIES- Classified 2,444,663$ 206,327$ 881,818$ 1,489,904$ 72,941$ 97.0%

4 Employee Benefits/Taxes 3,463,319$ 252,536$ 1,127,047$ 2,240,352$ 95,920$ 97.2%

5 Supplies 1,155,425$ 51,302$ 215,607$ 210,587$ 729,231$ 36.9%

7 Purchased Services 1,820,281$ 135,613$ 568,596$ 540,499$ 711,186$ 60.9%

8 Travel 49,700$ 4,269$ 17,497$ 1,897$ 30,306$ 39.0%

-- Grand Total --> 15,314,717$ 1,104,914$ 5,079,738$ 8,664,145$ 1,570,835$ 89.74%

CURRENT YEAR

General Fund – (Expenses by Object Code)

General Fund – PAYROLL (YTD)

General Fund – MSOC (YTD)

General Fund – Support Services

General Fund – Support Services (Utilities)

General Fund – Support Services (Electrical)

General Fund – FUND Balance (Historical)

General Fund – FUND Balance (Historical)

General Fund (Budget Status)

ANNUAL BUDGET ACTUAL FOR YEAR ENCUMBRANCES BALANCE %

1000 LOCAL TAXES 3,768,523$ 1,701,344$ 2,067,179$ 45.1%

2000 LOCAL SUPPORT NONTAX 345,500$ 151,580$ 193,920$ 43.9%

3000 STATE, GENERAL PURPOSE 7,975,751$ 2,591,515$ 5,384,236$ 32.5%

4000 STATE, SPECIAL PURPOSE 2,224,180 632,186 1,591,994$ 28.4%

6000 FEDERAL, SPECIAL PURPOSE 784,809 213,369 571,440$ 27.2%

Total REVENUES/OTHER FIN. SOURCES 15,098,763$ 5,289,994$ -$ 9,808,769$ 35.0%

00 REGULAR INSTRUCTION 7,942,467$ 2,678,120$ 4,767,329$ 497,018$ 93.7%

20 SPECIAL ED INSTRUCTION 2,004,944$ 623,375$ 1,282,121$ 99,448$ 95.0%

30 VOC ED INSTRUCITON 596,645$ 182,442$ 286,096$ 128,107$ 78.5%

50+60 COMPENSATORY ED INSTRUCTION 480,877$ 176,822$ 337,447$ (33,392)$ 106.9%

70 OTHER INSTRUCTIONAL PROGRAMS 204,764$ 16,755$ 1,822$ 186,187$ 9.1%

80 COMMUNITY SERVICES 30,000$ 9,845$ -$ 20,155$ 32.8%

90 SUPPORT SERVICES 4,055,020$ 1,392,378$ 1,989,330$ 673,312$ 83.4%

Total EXPENDITURES 15,314,717$ 5,079,738$ 8,664,145$ 1,570,835$ 89.7%

TOTAL BEGINNING FUND BALANCE 1,745,159.81$

TOTAL ENDING FUND BALANCE 1,955,415.76$

Revenue & Expenses YTD

Capital (Tech) Projects Fund ANNUAL BUDGET

ACTUAL FOR YEAR

ENCUMBRANCES BALANCE %

1000 LOCAL TAXES 1,519,365$ 420,221$ 1,099,144$ 27.7%

2000 LOCAL SUPPORT NONTAX 236,427$ 207$ 236,220$ 0.1%

4000 STATE (ENERGY GRANT) 113,374 - 113,374$ 0.0%

Total REVENUES/OTHER FIN. SOURCES 1,869,166$ 420,428$ -$ 1,448,738$ 22.5%

20 BUILDINGS 720,000$ 24,878$ 29,256$ 665,866$ 7.5%

30 TECHNOLOGY 1,300,000$ 348,530$ 9,533$ 941,936$ 27.5%

40 ENERGY 462,257$ 52,800$ 409,457$ (0)$ 100.0%

90 DEBT 95,000$ -$ -$ 95,000$ 0.0%

Total EXPENDITURES 2,577,257$ 426,208$ 448,246$ 1,702,802$ 33.9%

TOTAL BEGINNING FUND BALANCE 680,517.72$

TOTAL ENDING FUND BALANCE 674,737.98$

BALANCE AVAILABLE - LOAN PROGRAM 67,937.84$

742,675.82$

Revenue & Expenses YTD

Debt Service Fund

ANNUAL BUDGET

ACTUAL FOR YEAR

1000 LOCAL TAXES -$ 3,401$

2000 LOCAL SUPPORT NONTAX 200$ 80$

Total REVENUES/OTHER FIN. SOURCES 200$ 3,481$

MATURED BOND EXPENDITURE 55,000$ -$

INTEREST ON BOND 33,700$ 16,850$

MISC FEES 500$

TOTAL EXPENDITURES 89,200$ 16,850$

TOTAL BEGINNING FUND BALANCE 222,464$

TOTAL ENDING FUND BALANCE 209,096$

Revenue & Expenses YTD

Associated Student Body Fund

ANNUAL BUDGETACTUAL FOR

YEARENCUMBRANCES BALANCE %

1000 GENERAL STUDENT BODY 91,700.00$ 13,322.11$ 78,377.89$ 14.5%

2000 ATHLETICS 119,300.00$ 69,662.28$ 49,637.72$ 58.4%

3000 CLASSES 13,000.00$ 4,314.50$ 8,685.50$ 33.2%

4000 CLUBS 37,300.00$ 11,535.89$ 25,764.11$ 30.9%

6000 PRIVATE MONEYS -$ -$ -$ 0.0%

Total REVENUES/OTHER FIN. SOURCES 261,300.00$ 98,834.78$ -$ 162,465.22$ 37.8%

1000 GENERAL STUDENT BODY 60,722.00$ 16,902.42$ 803.25 43,016.33$ 29.2%

2000 ATHLETICS 121,183.00$ 63,063.67$ 7891.13 50,228.20$ 58.6%

3000 CLASSES 12,013.00$ 1,691.42$ 250.99 10,070.59$ 16.2%

4000 CLUBS 62,120.00$ 20,529.14$ 1317.87 40,272.99$ 35.2%

Total EXPENDITURES 256,038.00$ 102,186.65$ 10,263.24$ 143,588.11$ 43.9%

TOTAL BEGINNING FUND BALANCE 158,446.71$

TOTAL ENDING FUND BALANCE 155,094.84$

Revenue & Expenses YTD

Transportation Vehicle Fund

ANNUAL BUDGET

ACTUAL FOR YEAR

BALANCE

1000 LOCAL TAXES -$ 90$ -$

2000 LOCAL SUPPORT NONTAX 200$ 71$ 129$

4000 State, Special Purpose 112,000$ -$ 112,000$

Total REVENUES/OTHER FIN. SOURCES 112,200$ 161$ 112,129$

Total EXPENDITURES 425,000$ 67,579$ 357,421$

TOTAL BEGINNING FUND BALANCE 313,698$

TOTAL ENDING FUND BALANCE 246,280$

Balance SheetSouth Whidbey School District

2013-14 BALANCE SHEET

Description GL General Fund CP Fund DS Fund ASB Fund TV Fund PPT Fund

Assets

Imprest Cash 200 2,770.00$ 6,500.00$

Cash on Hand 230 137,288.19$ 20,885.18$ 11,523.77$

Cash on Deposit w/County 240 2,322,843.08$ 1,157,041.30$ 9,095.43$ 150,417.18$ 5,279.64$ 7,044.07$

Warrants Outstanding 241 (1,079,989.06)$ (491,881.89)$ -$ (22,555.08)$ -$ (150.00)$

Taxes Receivable 310 1,917,840.92$ 472,042.55$ 22,002.39$ 251.20$

Due from Other Funds 320 586,429.20$ -$ -$ 505.73$ -$ 320.52$

Government Receivables 330 -$ 67,937.84$ -$ -$

Accounts Receivable 340 -$ 43,035.00$ -$ -$ -$ -$

Inventory - Lunchrooms 420 4,083.77$ Investments - General 450 -$ -$ 200,000.00$ -$ 241,000.00$ 480,000.00$

Total Assets 3,891,266.10$ 1,248,174.80$ 231,097.82$ 155,753.01$ 246,530.84$ 498,738.36$ Liabilities

Accounts Payable 601 248.69$ -$ -$ -$ -$ -$

Payroll Taxes Payable 610 6,151.96$

Comp Tax Liabil ity 611 630.46$ -$ -$

Cobra 615 404.00$

Health Benefit Adjustment 616 -$

Due to Other Govt Units 630 8,248.06$ -$ -$

Due to Other Funds 640 826.25$ 101,394.27$ -$ 658.17$ -$ -$

Deposits 650 1,500.00$ Taxes Receivable 760 1,917,840.92$ 472,042.55$ 22,002.39$ -$ 251.20$

Total Liabilities 1,935,850.34$ 573,436.82$ 22,002.39$ 658.17$ 251.20$ -$ Fund Balance Carryover of Restricted Revenue 821 56,050.03$

Reserve for Inventory 840 4,083.77$

Unreserved - Designated for Other Items 875 155,840.00$ -$ -$ -$ -$

Assigned to Fund Purpose 889 674,737.98$ 209,095.43$ 155,094.84$ 246,279.64$ 498,738.36$

Unreserved Fund Balance 890 1,739,441.96$ 674,737.98$ 209,095.43$ 155,094.84$ 246,279.64$ 498,738.36$

Total Fund Balance 1,955,415.76$ 674,737.98$ 209,095.43$ 155,094.84$ 246,279.64$ 498,738.36$

Total Liabil ities & Fund Balance 3,891,266.10$ 1,248,174.80$ 231,097.82$ 155,753.01$ 246,530.84$ 498,738.36$

Cash Balance 2,462,901.27$ 1,157,041.30$ 9,095.43$ 177,802.36$ 5,279.64$ 18,567.84$ As of Dec. 31st, 2013 *Taxes Receivable updated 08/31/2013

Statement of Financial PositionYear to Date