Galion City SchoolsFinancial Summary General Operating Fund3rd Quarter - 2012-13 FY
Presented to the Board April 17, 2013
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Revenues To Date atEnd of 3rd Qtr - 2012-13 FY
Real Estate Taxes $4,207,913.00
Foundation Payments $7,336,878.00
Tangible Personal Property Tax $112,077.00
Homestead & Rollback $523,957.00
Other Revenue $582,351.00
Total Revenue $12,763,176.00
Expenditures To Date at End of 3rd Qtr - 2012-13 FY
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Payrolls $5,874,424.00
Retirement & Insurance Benefits $2,530,004.00
Purchased Services $2,481,216.00
Supplies, Materials & Capital Outlay $306,148.00
Other Expenditures $451,053.00
Total Expenditures as of 3/31/13 $11,642,845.00
Reconciled Cash Balance End of 3rd Quarter – 2012-13 FY
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Beginning Cash Balance 7/1/12 $1,217,057.00
Add: Revenues to date $12,763,176.00
Less: Expenditures to date $11,642,845.00
Cash Balance at 3/31/13 $2,337,388.00
Estimates of 4th Quarter & FYE Cash Balance
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Forecast Exceptions Items that have the ability to change the bottom line of FY forecast/actual
Revenue
E-Rate reimbursement
Medicaid reimbursement
Foundation adjustments
Expenditure
Special Education expenses (autism, etc)
Detention Center Costs/placements
On line coursework (not estimated this year)
Gas payment – actual was more than estimated
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