Upload
stew
View
33
Download
0
Tags:
Embed Size (px)
DESCRIPTION
Douglas County School District Re. 1. Board Of Education 4th Quarter Financial Report. September 18 , 2012. A Year in Review. Revised BOE Ending Fund Balance Policy back to former 3%/3%/1% indicative of fiscal stability. Cancelled Letter of Credit – On going savings of over $160,000. - PowerPoint PPT Presentation
Citation preview
1
Douglas CountySchool District Re. 1
Board Of Education4th Quarter
Financial ReportSeptember 18 , 2012
2
GENERAL FUND EXPENDITURE COMPARISONFY 2010-2011 to FY 2011-2012
For the Period Ending June 30, 2012
Salaries234,001,436
67%
Benefits66,838,806
19%
Operating47,130,977
14%
FY 2011-2012 YTD Actual Expen-ditures
Total expenditures through 4th Quarter FY 2011-2012 are
$347,971,219
In addition to these expenditures, there are transfers to charter schools and other funds
of$86,907,4
85
Total expenditures for this Quarter FY 2010-2011 are
$345,543,584
In addition to these expenditures, there are transfers to charter schools and other funds
of$75,556,5
76
Salaries231,585,320
67%
Benefits65,118,791
19%
Operating48,839,473
14%
FY 2010-2011 YTD Audited Expen-ditures
3
A Year in Review
• Bond Refunding – Moody’s and Fitch affirm Aa1/AA Bond Rating resulting in a savings to Douglas County Tax Payers of over $4 Million in bonded debt
• Resolved Special Ed Maintenance of Effort Issue saving over $2 M
• Revised BOE Ending Fund Balance Policy back to former 3%/3%/1% indicative of fiscal stability
• Cancelled Letter of Credit – On going savings of over $160,000
• Utility Management – savings of over $1.5
4
General Fund* Unassigned Ending Fund Balance
FY 2012 Estimated ActualsFY 2012
Estimated Actuals
Non-spendable -Inventories & Prepaid Costs $0.47 M
TABOR Reserve - 3% of Expenditures $11.80 M
Assigned & Reported to:
Early Separation Agreement 3.16 M
Extended Severance Separation 4.00 M
Retention Stipend 5.60 M
$125/Student One Time Monies to Schools 6.40 M
0.9% PERA Increase 2.20 M
Schools and Departments 24.30 M
Unassigned $15.7 M