Unaudited Actuals Financial Report

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John Swett Unified School District

• Unaudited Actuals Financial Report
• September 10, 2008
• Bryan Richards, Business Manager

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Unrestricted General Fund Revenue

• Revenue Limit Sources 9,488,256
• Federal Revenue 840
• Other State Revenue 880,337
• Other Local Revenue 358,673
• Interfund Transfers In 73,936
• Total Revenue 10,802,042
• A decrease of 627,088 from 2006/07

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Unrestricted General Fund Expenditures

• Certificated Salaries 5,103,409
• Classified Salaries 1,259,761
• Employee Benefits 2,260,106
• Books Supplies 163,366
• Services Other Operating 918,198
• Other Outgo 49,952
• Contrib. to Restrict. (less indirect)
  1,934,847
• Total Expenditures 11,689,639
• An increase of 1,147,031

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Unrestricted General Fund Summary

• Total Revenue 10,802,042
• Total Expenditures 11,689,639
• Net (decrease) in fund balance (887,597)
• Beginning Balance, July 1 3,993,225
• Ending Balance 3,105,628
• Designations of Ending Balance
• Revolving Cash ( 4,000)
• Economic Uncertainties ( 490,710)
• Site Block Local Grants ( 35,434)
• Lottery ( 536,463)
• Unappropriated Ending Balance 2,039,021

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We went down the full amount we went up last year!

• Revenues from 2006/07 that did not repeat in
  2007/08 include
• Mandated Costs Lawsuit ( 603,000)
• Other Local Revenue (grants) (92,850)
• Interest Rates went down
• Interest (74,890)

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What about expenditures?

• Increased Certificated Salaries ( 253,000)
• Increased Classified Salaries ( 84,000)
• Increased Employee Benefits ( 177,000)
• Increased Contribution net
• of indirect cost transfers (
  627,000)

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What Programs Received Contributions?

• Special Education 1,104,576
• Special Education Transport 399,772
• Routine Restricted Maint. (3) 455,983
• Extra reading position RHES 21,888
• School Library Improvement 14,319
• BTSA 7,770
• NBPTS, AB466 Mentor Tchr. 3,071

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Restricted General Fund Revenue

• Revenue Limit Sources 455,031
• Federal Revenue 823,384
• Other State Revenue 1,305,960
• Other Local Revenue 1,179,674
• Contribution from Unrestricted 1,954,679
• Total Revenue 5,718,728

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Restricted General Fund Expenditures

• Certificated Salaries 1,695,946
• Classified Salaries 835,681
• Employee Benefits 884,738
• Books Supplies 420,857
• Services Other Operating 1,686,128
• Interfund Transfers Out 98,593
• Total Expenditures 5,621,943

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Restricted General Fund Summary

• Total Revenue 5,718,728
• Total Expenditures 5,621,943
• Net increase in fund balance 96,785
• Beginning Balance, July 1 1,513,998
• Ending Balance 1,610,783

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Other Funds of the District

• Funds established for special purposes excluded
  from the General Fund
• Cafeteria (Form 13)
• Deferred Maintenance (Form 14)
• Capital Facilities (Developer Fees) (Form 25)
• County School Facilities Fund (Form 35) inactive
• Special Reserve for Capital Outlay (Form 40)
• Bond Interest and Redemption (Form 51)
• All Other Funds have positive fund balances

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Supplemental Forms Data

• Attendance
• Capital Assets Long Term Debt
• Categorical Program Details
• Minimum Classroom Compensation 59.98
• (Up from 59.49, required to be 55.0 or greater)
• Indirect Cost Report Program Cost Report
• No Child Left Behind Maintenance of Effort
• Revenue Limit Summary
• Transportation
• NEW - GASB 34 Statement of Net Assets
• NEW - Special Education Maintenance of Effort

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State Budget Update

• Senate Voted Down Republican sponsored budget
• Both sides versions have now been rejected
• Governor repeats call to adopt his compromise
  plan (the August revise)
• No further action from legislature yet
• September categorical payments are now likely to
  be delayed including Transportation, Economic
  Impact Aid (EIA) Gifted and Talented Education
  (GATE)

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Thank You!