Unaudited Actuals June 30, 2010
General Fund, Special Revenue, Capital and Debt Service Funds
Unaudited Actuals June 30, 2010September 14, 2010
Unaudited Actuals June 30, 2010
All funds solvent General fund at 3% reserve for
economic uncertainty, $1,763,248 Medium growth scenario with, April
apportionment attendance at 5,801 Designations $1.5 Million in budget
plan School site carryovers $ 263,248 Undesignated $728,181
Unaudited Actuals June 30, 2010September 14, 2010
Unprecendented Cuts made after Close of Prior Year
District revenue limit and categorical cuts at $5.3 Million in 2008-9
After prior year another $1.4 Million reduced in September 2009
School districts warned of more mid year cuts, likely reductions at 3 different times during year
Unaudited Actuals June 30, 2010September 14, 2010
Reinstatements Implemented
Must proceed cautiously due to state revenue collection weaknesses
Outlook long term, more than one year District reinstated in Oct 2009
2 furlough days Reinstatement counseling Site supplies (half of site SLIP funding) Set aside $1.3 Million for state reductions
(collaboration)
Unaudited Actuals June 30, 2010September 14, 2010
Special Education
Contribution from general fund increased from prior year $634,624 (one time federal)
The special education population growth needed added capacity
Teachers, speech therapist, and psychologist full time equivalents added
Unaudited Actuals June 30, 2010September 14, 2010
Unrestricted Fund
Fund balance saw decrease of $2,601,888 $1.4 Million Revenue Limit Reduction Spending of Federal Stimulus dollars An aggressive energy savings program over
$300,000
Unaudited Actuals June 30, 2010September 14, 2010
Unrestricted General Fund
Special Revenue Fund Child Nutrition Fund
Federal and State revenues decreased due to rate reductions from state
Food costs are increasing, even with high commodity usage
Increased transfer in at end $30,000
Unaudited Actuals June 30, 2010September 14, 2010
Adult Fund
Decreased fund balance, due to flex transfer to general fund, $1,491 fund balance
Program expenditures remain within budgeted amounts
Unaudited Actuals June 30, 2010September 14, 2010
Special Revenue FundDeferred Maintenance
Fund balance decreased from prior year to $185,178
Over $.5 Million transferred to general fund
Unaudited Actuals June 30, 2010September 14, 2010
Special Reserve Fund
Fund 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 reductions
Unaudited Actuals June 30, 2010September 14, 2010
Capital Fund - Building Fund
Bond fund ending balance is $39,581,156 Fourth full year of bond activity Technology, Dublin High School Humanities,
Admin, Social Sciences, Athletics, Dublin Elementary, Wells outdoor lunch shelter enclosure
Unaudited Actuals June 30, 2010September 14, 2010
Capital Facilities Fund
Developer fees and mitigation fees began small escalations but still slow
Fund balance at end of year $3,929,669 Funds being reserved to fund the initial cash
flows of Kolb Elementary School District will be reimbursed by state funding
someday
Unaudited Actuals June 30, 2010September 14, 2010
Capital FundCounty School Facilities Fund
Fund balance at end of year $399,356 Primary funded items in this fund were Kolb
Elementary construction Awaiting state funding
Unaudited Actuals June 30, 2010September 14, 2010
Board Direction and Approval
Approval of Unaudited Actuals Required Consider reinstatement of items Fiscal Advisory Committee
Unaudited Actuals June 30, 2010September 14, 2010
Any Questions
?Unaudited Actuals June 30, 2010September 14, 2010