THE SCHOOLBOARD OF BREVARD COUNTY, FLORIDA ...eagendatoc.brevardschools.org/01-23-2018 School... · the schoolboard of brevard county, florida. financialstatements. for the period

THE SCHOOLBOARD OF BREVARD COUNTY, FLORIDA

FINANCIALSTATEMENTS

FOR THE PERIOD ENDING OCTOBER 31, 2017

Fund

Beginning

Balance

2017 - 2018

Revenues

2017 - 2018

Expenditures

2017 - 2018

Income/(Loss)

Ending

Balance

General Fund $57,638,303 $123,808,430 $148,891,813 ($25,083,383) $32,554,920

Special Revenue Funds:

Food Service 14,357,056 3,748,482 10,111,905 (6,363,423) 7,993,633

Other - Grants 0 11,628,777 11,628,777 (0) (0)

Total Special Revenue 14,357,056 15,377,259 21,740,682 (6,363,423) 7,993,633

Debt Service Funds 4,050,910 59,276 1,070 58,206 4,109,116

Capital Projects Funds 107,327,417 8,544,169 31,784,799 (23,240,630) 84,086,787

Enterprise Funds (2,243,265) 2,342,363 1,678,330 664,033 (1,579,232)

Net Pension Liability Adj 503,470 0 0 0 503,470

Adjusted Enterprise Funds (1,739,795) 2,342,363 1,678,330 664,033 (1,075,762)

(Brevard After School)

Internal Service Funds 23,058,816 18,725,213 23,500,150 (4,774,937) 18,283,879

(Self-Insurance)

Grand Totals $204,692,706 $168,856,710 $227,596,844 ($58,740,134) $145,952,572

Brevard County School Board

Monthly Financial Report Summary

For Period Ending October 31, 2017

Page 1

($20,000,000)

$0

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

$140,000,000

$160,000,000

General Fund Food Service Other - Grants Debt Service Funds Capital ProjectsFunds

Enterprise Funds Internal ServiceFunds

Monthly Financial Report Summary

Revenues

Expenditures

EndingBalance

Page 2

Account General

Special

Revenue

Debt

Service

Capital

Projects Enterprise Internal Service Totals

Assets:

Cash $22,372,997 $1,691,576 $449 ($1,850,441) $1,466,972 $5,610,591 $29,292,144

Cash and Investments with trustee 0 0 116,729 5,101,106 0 0 5,217,835

Investments 19,842,610 0 3,998,179 78,837,185 0 27,687,155 130,365,129

Accounts Receivable 11,551 0 0 0 0 1,013,199 1,024,750

Due from Other Agencies 0 12,047,266 0 2,854,120 0 0 14,901,387

Inventory 627,060 1,797,253 0 0 0 0 2,424,313

Fixed Assets:

Improvements Other Than Buildings 0 0 0 0 126,903 0 126,903

Accumulated Depreciation 0 0 0 0 (84,296) 0 (84,296)

Buildings and Fixed Equipment 0 0 0 0 48,268 418,774 467,042

Accumulated Depreciation 0 0 0 0 (35,542) (8,375) (43,918)

Furniture, Fixtures and Equipment 0 0 0 0 556,545 0 556,545


Motor Vehicles 0 0 0 0 13,881 0 13,881


Construction in Progress 0 0 0 0 0 922,476 922,476

Audio Visual Materials & Computer Software 0 0 0 0 26,397 0 26,397

Computer Software 0 0 0 0 (13,321) 0 (13,321)


Total Assets 42,854,218 15,536,095 4,115,358 84,941,970 1,527,361 35,643,820 184,618,822

Deferred Outflows 0 0 0 0 1,348,588 0 1,348,588

Total Assets and Deferred Outflows $42,854,218 $15,536,095 $4,115,358 $84,941,970 $2,875,949 $35,643,820 $185,967,410


Combined Balance Sheet - All Fund Types and Account Groups

For Period ending October 31, 2017

Governmental Fund Types Proprietary Funds

Page 3

Account General

Special

Revenue

Debt

Service

Capital

Projects Enterprise Internal Service Totals

Liabilities & Fund Equity

Liabilities:

Salaries and Wages Payable $3,860,025 ($297) $0 $0 $468 $0 $3,860,197

Payroll Deductions and Withholdings 3,536,982 0 0 0 0 0 3,536,982

Accounts Payable 2,192,024 400,448 0 854,612 12,536 4,887 3,464,507

Due to Other Agencies 3 1,412 6,242 572 0 0 8,228

Deferred Revenue 710,264 7,140,899 0 0 0 0 7,851,163

Estimated Unpaid Claims 0 0 0 0 0 17,355,054 17,355,054

Liability for Compensated Absences 0 0 0 0 236,682 0 236,682

Pensions 0 0 0 0 3,610,478 0 3,610,478

Total Liabilities 10,299,298 7,542,461 6,242 855,184 3,860,165 17,359,941 39,923,291

Deferred Inflows 0 0 0 0 91,546 0 91,546

Fund Equity

Beginning Fund Balances:

Non-Spendable 627,060 1,797,253 0 0 0 0 2,424,313

Restricted 6,632,335 6,196,380 4,109,116 84,086,786 (1,075,762) 18,283,880 118,232,735

Assigned 300,114,025 0 0 0 0 0 300,114,025

Unassigned (274,818,499) 0 0 0 0 0 (274,818,499)

Total Fund Equity 32,554,920 7,993,634 4,109,116 84,086,786 (1,075,762) 18,283,880 145,952,574

Total Liabilities, Deferred Inflows

and Fund Equity $42,854,218 $15,536,095 $4,115,358 $84,941,970 $2,875,949 $35,643,820 $185,967,410


Combined Balance Sheet - All Fund Types and Account Groups

For Period ending October 31, 2017

Governmental Fund Types Proprietary Funds

Page 4

Revenues

Federal Direct $694,794 $694,794 $0 $137,416 $557,378 80.22%

Federal Through State 1,889,592 1,889,592 0 34,512 1,855,080 98.17%

State Sources 349,210,679 349,710,679 0 118,676,988 231,033,692 66.06%

Local Sources 196,369,321 196,369,321 0 1,789,013 194,580,308 99.09%

Transfers In 13,706,676 13,706,676 0 3,100,000 10,606,676 77.38%

Other Financial Items 0 0 0 70,501 (70,501) 0.00%

Total Revenues 561,871,062 562,371,062 0 123,808,430 438,562,633 77.98%

Expenses

Instruction 373,628,572 387,590,962 207,374,018 93,667,520 86,549,424 22.33%

Pupil Personnel Services 19,087,334 19,259,225 13,110,788 4,749,889 1,398,548 7.26%

Instructional Media 7,149,293 7,325,273 5,114,404 1,828,728 382,141 5.22%

Instr & Curr Dev 14,043,071 14,657,673 9,526,160 4,142,023 989,490 6.75%

Instr Staff Training 1,686,837 2,660,755 825,184 611,815 1,223,756 45.99%

Instr Related Tech 8,468,959 8,925,293 5,078,109 3,063,916 783,268 8.78%

School Board 1,165,181 1,242,565 483,832 431,254 327,479 26.36%

General Admin 1,207,482 1,181,806 633,844 391,706 156,256 13.22%

School Admin 36,938,248 37,508,165 24,573,096 12,748,881 186,188 0.50%

Facilities Construction 910,177 2,469,942 1,183,174 1,763,454 (476,687) -19.30%

Fiscal Services 2,997,018 3,046,985 1,745,443 1,049,582 251,960 8.27%

Food Services 106,246 106,246 0 204,498 (98,252) -92.48%

Central Services 6,329,317 6,712,121 3,699,807 2,271,313 741,001 11.04%

Pupil Transportation 17,954,884 17,941,532 9,796,935 4,836,950 3,307,646 18.44%

Operation of Plant 44,842,897 46,250,028 15,046,518 11,087,995 20,115,515 43.49%

Maintenance of Plant 14,340,769 14,980,065 6,810,630 4,755,856 3,413,580 22.79%

Admin Technology 4,074,548 4,274,046 1,913,560 1,209,143 1,151,343 26.94%

Community Services 157,947 197,724 59,699 77,290 60,735 30.72%

Total Expenses 555,088,779 576,330,405 306,975,202 148,891,813 120,463,390 20.90%

Excess (Deficit) of Revenues 6,782,283 (13,959,343) (25,083,383)

Beginning Fund Balance 57,638,303 57,638,303 57,638,303

Ending Fund Balance $64,420,586 $43,678,960 $32,554,920


General Fund 2017/2018

As of October 31, 2017

Adopted

Budget

Amended

Budget Obligated Actuals

Available

Budget

% of Budget

Remaining

Page 5

Revenues

Federal Direct $694,794 $137,416 ($557,378) 19.78% $81,959 $55,457 67.66%

Federal Through State 1,889,592 34,512 (1,855,080) 1.83% 9,333 25,179 269.80%

State Sources 349,710,679 118,676,988 (231,033,692) 33.94% 112,938,495 5,738,492 5.08%

Local Sources 196,369,321 1,789,013 (194,580,308) 0.91% 1,212,078 576,934 47.60%

Transfers In 13,706,676 3,100,000 (10,606,676) 22.62% 0 3,100,000 0.00%

Other Financial Items 0 70,501 70,501 0.00% 95,452 (24,951) -26.14%

Total Revenues 562,371,062 123,808,430 (438,562,633) 22.02% 114,337,318 9,471,112 8.28%

Expenses

Instruction 387,590,962 93,667,520 293,923,442 24.17% 87,183,300 6,484,220 7.44%

Pupil Personnel Services 19,259,225 4,749,889 14,509,336 24.66% 4,934,444 (184,554) -3.74%

Instructional Media 7,325,273 1,828,728 5,496,545 24.96% 1,759,248 69,481 3.95%

Instr & Curr Dev 14,657,673 4,142,023 10,515,650 28.26% 3,812,761 329,262 8.64%

Instr Staff Training 2,660,755 611,815 2,048,940 22.99% 656,812 (44,997) -6.85%

Instr Related Tech 8,925,293 3,063,916 5,861,377 34.33% 2,679,961 383,955 14.33%

School Board 1,242,565 431,254 811,311 34.71% 322,555 108,699 33.70%

General Admin 1,181,806 391,706 790,100 33.14% 376,782 14,924 3.96%

School Admin 37,508,165 12,748,881 24,759,284 33.99% 11,932,067 816,814 6.85%

Facilities Construction 2,469,942 1,763,454 706,488 71.40% 500,175 1,263,279 252.57%

Fiscal Services 3,046,985 1,049,582 1,997,403 34.45% 901,485 148,097 16.43%

Food Services 106,246 204,498 (98,252) 192.48% 62,698 141,800 226.16%

Central Services 6,712,121 2,271,313 4,440,808 33.84% 2,151,754 119,559 5.56%

Pupil Transportation 17,941,532 4,836,950 13,104,581 26.96% 4,643,164 193,786 4.17%

Operation of Plant 46,250,028 11,087,995 35,162,033 23.97% 12,008,862 (920,868) -7.67%

Maintenance of Plant 14,980,065 4,755,856 10,224,209 31.75% 3,448,650 1,307,206 37.90%

Admin Technology 4,274,046 1,209,143 3,064,903 28.29% 1,534,397 (325,254) -21.20%

Community Services 197,724 77,290 120,434 39.09% 154,248 (76,957) -49.89%

Total Expenses 576,330,405 148,891,813 427,438,592 25.83% 139,063,362 9,828,451 7.07%

Excess (Deficit) of Revenues (13,959,343) (25,083,383) (11,124,040) 179.69% (24,726,045) (357,339) 1.45%

Beginning Fund Balance 57,638,303 57,638,303 0 100.00% 48,235,885 9,402,417 19.49%

Ending Fund Balance $43,678,960 $32,554,920 ($11,124,040) 74.53% $23,509,841 $9,045,079 38.47%

NOTE: A RED Variance / Change notes a negative impact to the District; a BLACK Variance / Change notes a positive impact to the District


General Fund 2017/2018 Compared to 2016/2017

Amended

Budget

October

2017

Favorable/

(Unfavorable)

Variance % Change

October

2016 Change % Change

Page 6

Page 7

$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

$300,000,000

$350,000,000

Federal Direct Federal ThroughState

State Sources Local Sources Transfers In Other FinancialItems

General Fund Revenues - Budget vs Actual

Budget

Actual

Page 8

Instruction, 93,667,520

Pupil Personnel Services, 4,749,889

Instructional Media, 1,828,728

Instr & Curr Dev, 4,142,023

Instr Staff Training, 611,815

Instr Related Tech, 3,063,916

School Board, 431,254

General Admin, 391,706

School Admin, 12,748,881

Facilities Construction, 1,763,454

Fiscal, 1,049,582

Food Services, 204,498 Central Services,

2,271,313

Pupil Transportation, 4,836,950

Operation of Plant, 11,087,995

Maintenance of Plant, 4,755,856

Admin Technology, 1,209,143

Community Services, 77,290

Expenditures by Function - General Fund

Instruction $387,590,962 $93,667,520 $53,840,201 $15,163,192 $16,212,157 $0 $7,159,623 $849,111 $443,237

Pupil Personnel Services 19,259,225 4,749,889 3,301,281 884,222 485,809 0 73,175 4,437 965

Instructional Media 7,325,273 1,828,728 1,309,639 397,672 76,408 0 26,565 16,745 1,700

Instr & Curr Dev 14,657,673 4,142,023 3,111,712 811,160 148,575 0 7,410 44,434 18,731

Instr Staff Training 2,660,755 611,815 359,501 70,207 149,120 0 16,920 2,469 13,597

Instr Related Tech 8,925,293 3,063,916 2,031,873 526,849 504,953 0 113 128 0

School Board 1,242,565 431,254 149,156 88,563 166,552 0 200 919 25,863

General Admin 1,181,806 391,706 235,459 71,142 45,157 0 3,372 1,303 35,273

School Admin 37,508,165 12,748,881 9,698,370 2,925,402 48,042 0 39,562 34,779 2,726

Facilities Construction 2,469,942 1,763,454 443,675 116,201 15,215 0 5,332 1,182,461 570

Fiscal Services 3,046,985 1,049,582 671,055 188,557 176,064 0 1,175 1,426 11,305

Food Services 106,246 204,498 176,088 28,410 0 0 0 0 0

Central Services 6,712,121 2,271,313 1,364,586 392,585 274,108 0 125,869 13,746 100,419

Pupil Transportation 17,941,532 4,836,950 2,849,548 1,042,194 164,993 379,329 387,654 10,102 3,129

Operation of Plant 46,250,028 11,087,995 5,505,745 2,038,446 1,345,876 1,797,471 334,009 60,370 6,077

Maintenance of Plant 14,980,065 4,755,856 2,201,736 669,431 707,534 146,618 837,985 186,155 6,397

Admin Technology 4,274,046 1,209,143 751,849 196,608 251,380 0 3,586 5,269 450

Community Services 197,724 77,290 47,576 10,452 12,446 0 4,356 0 2,460Totals 576,330,405 148,891,813 88,049,053 25,621,293 20,784,390 2,323,418 9,026,905 2,413,854 672,899

Percentage of Total Expense 59.14% 17.21% 13.96% 1.56% 6.06% 1.62% 0.45%

Budget by Object $576,330,405 $341,953,849 $101,051,530 $78,813,865 $15,320,199 $25,986,967 $8,294,185 $4,909,810

Percent of Total Budget 59.33% 17.53% 13.68% 2.66% 4.51% 1.44% 0.85%


General Fund Expenditures Detail

For Period Ending October 31, 2017

Classification of Expenses

Amended

Budget

October

2017 Salaries

Employee

Benefits

Purchased

Services

Energy

Services

Materials

& Supplies

Capital

Outlay

Other

Expenses

Page 9

Page 10

Salaries, 88,049,053

EmployeeBenefits, 25,621,293

PurchasedServices, 20,784,390

Energy Services, 2,323,418

Materials& Supplies, 9,026,905

CapitalOutlay, 2,413,854

Other Expenses, 672,899

Expenditures By Classification - General Fund

Page 11

Instruction, $69,003,393

Pupil Personnel Services, $4,185,503

Instructional Media, $1,707,311

Instr & Curr Dev, $3,922,873

Instr Staff Training, $429,709

Instr Related Tech, $2,558,722

School Board, $237,720

General Admin, $306,601

School Admin, $12,623,771

Facilities Construction, $559,876

Fiscal, $859,611

Food Services, $204,498

Central Services, $1,757,171

Pupil Transportation, $3,891,742

Operation of Plant, $7,544,191

Maintenance of Plant, $2,871,167 Admin Technology, $948,457 Community Services, $58,028

Salaries and Benefits by Function - General Fund

Revenues

Federal Direct $7,586,088 $7,586,088 $0 $2,120,453 $5,465,635 72.05%

Federal Through State 74,842,147 74,842,147 0 10,714,949 64,127,198 85.68%

State Sources 1,207,697 1,207,697 0 511,503 696,194 57.65%

Local Sources 9,297,443 9,297,443 0 2,030,354 7,267,089 78.16%

Total Revenues 92,933,375 92,933,375 0 15,377,259 77,556,116 83.45%

Expenses

Instruction 27,872,218 27,872,218 12,892,602 5,099,948 9,879,668 35.45%

Pupil Personnel Services 6,424,181 6,424,181 3,509,588 1,454,491 1,460,102 22.73%

Instructional Media Services 465 465 0 105 360 77.45%

Instructional & Curriculum Development 13,088,323 13,088,323 7,885,388 3,098,949 2,103,987 16.08%

Instructional Staff Training 5,221,489 5,221,489 866,619 785,516 3,569,355 68.36%

Instructional Technology 767,282 767,282 398,249 272,992 96,041 12.52%

Board of Education 16,670 16,670 0 0 16,670 100.00%

General Administration 2,155,101 2,155,101 0 76,906 2,078,195 96.43%

School Administration 128,169 128,169 4,687 34,225 89,257 69.64%

Facilities Acquisition & Construction 0 0 212,949 496,199 (709,149) 0.00%

Fiscal Services 38,113 38,113 57,887 28,965 (48,739) -127.88%

Food Services 31,191,892 31,191,892 8,686,897 9,713,769 12,791,226 41.01%

Central Services 26,236 26,236 0 2,354 23,882 91.03%

Pupil Transportation Services 314,667 314,667 10,580 3,619 300,468 95.49%

Operation of Plant 121,018 121,018 64,813 44,140 12,065 9.97%

Maintenance of Plant 16,151 16,151 0 0 16,151 100.00%

Administrative Technology Services 3,495 3,495 188,329 93,992 (278,827) -7977.87%

Community Services 1,087,732 1,087,732 373,518 234,515 479,699 44.10%

Capital Outlay 4,809,045 4,809,045 0 0 4,809,045 100.00%

Transfers Out 750,000 750,000 0 299,998 450,002 60.00%

Total Expenses 94,032,247 94,032,247 35,152,107 21,740,682 37,139,458 39.50%

Excess (Deficit) of Revenues (1,098,872) (1,098,872) (6,363,423)




Special Revenue Fund 2017/2018


Adopted

Budget

Amended


Available

Budget

% of Budget

Remaining

Page 12

Revenues

Federal Direct $7,586,088 $2,120,453 ($5,465,635) 27.95% $2,411,815 ($291,362) -12.08%

Federal Through State 74,842,147 10,714,949 (64,127,198) 14.32% 10,710,214 4,735 0.04%

State Sources 1,207,697 511,503 (696,194) 42.35% 13,168 498,335 3784.38%

Local Sources 9,297,443 2,030,354 (7,267,089) 21.84% 2,756,686 (726,332) -26.35%

Total Revenues 92,933,375 15,377,259 (77,556,116) 16.55% 15,891,884 (514,624) -3.24%

Expenses

Instruction 27,872,218 5,099,948 22,772,270 18.30% 5,418,132 (318,185) -5.87%

Pupil Personnel Services 6,424,181 1,454,491 4,969,690 22.64% 1,477,543 (23,052) -1.56%

Instructional Media 465 105 360 22.55% 0 105 0.00%

Instr & Curr Dev 13,088,323 3,098,949 9,989,374 23.68% 2,831,555 267,394 9.44%

Instr Staff Training 5,221,489 785,516 4,435,973 15.04% 936,928 (151,413) -16.16%

Instr Related Tech 767,282 272,992 494,290 35.58% 153,236 119,756 78.15%

School Board 16,670 0 16,670 0.00% 0 0 0.00%

General Admin 2,155,101 76,906 2,078,195 3.57% 67,040 9,866 14.72%

School Admin 128,169 34,225 93,944 26.70% 63,677 (29,452) -46.25%

Facilities Construction 0 496,199 (496,199) 0.00% 67,178 429,022 638.64%

Fiscal Services 38,113 28,965 9,148 76.00% 29,948 (983) -3.28%

Food Services 31,191,892 9,713,769 21,478,123 31.14% 8,584,395 1,129,374 13.16%

Central Services 26,236 2,354 23,882 8.97% 1,994 360 18.04%

Pupil Transportation 314,667 3,619 311,048 1.15% 5,132 (1,513) -29.47%

Operation of Plant 121,018 44,140 76,878 36.47% 16,862 27,278 161.78%

Maintenance of Plant 16,151 0 16,151 0.00% 0 0 0.00%

Admin Technology 3,495 93,992 (90,497) 2689.33% 104,598 (10,606) -10.14%

Community Services 1,087,732 234,515 853,217 21.56% 311,620 (77,105) -24.74%

Capital Outlay 4,809,045 0 4,809,045 0.00% 0 0 0.00%

Transfers Out 750,000 299,998 450,002 40.00% 0 299,998 100.00%

Total Expenses 94,032,247 21,740,682 72,291,565 23.12% 20,069,836 1,670,846 8.33%

Excess (Deficit) of Revenues (1,098,872) (6,363,423) 5,264,551 579.09% (4,177,952) (2,185,471) 52.31%

Beginning Fund Balance 14,357,056 14,357,056 0 100.00% 13,761,356 595,700 4.33%

Ending Fund Balance $13,258,184 $7,993,634 ($5,264,550) 60.29% $9,583,404 ($1,589,771) -16.59%NOTE: A RED Variance / Change notes a negative impact to the District; a BLACK Variance / Change notes a positive impact to the District


Special Revenue Fund 2017/2018 Compared to 2016/2017

Amended

Budget

October

2017

Favorable/

(Unfavorable)

Variance % Change

October


Page 13

Page 14

$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

Federal Direct Federal Through State State Sources Local Sources

Special Revenue - Budget vs Actual

Budget Actual

Page 15

Instruction, 5,099,948

Pupil Personnel Services, 1,454,491

Instructional Media Services, 105

Instructional & Curriculum Development, 3,098,949

Instructional Staff Training, 785,516

Instructional Technology, 272,992

Board of Education, 0

General Administration,

76,906 School Administration, 34,225

Facilities Acquisition & Construction, 496,199

Fiscal Services, 28,965

Food Services, 9,713,769

Central Services, 2,354

Pupil Transportation Services, 3,619

Operation of Plant, 44,140

Maintenance of Plant, 0

Administrative Technology Services, 93,992

Community Services, 234,515

Capital Outlay, 0

Transfers Out, 299,998

Special Revenue Expenses by Function

Revenues

State Sources $787,465 $787,465 $0 $0 $787,465 100.00%

Local Sources 144,000 144,000 0 59,276 84,724 58.84%

Transfers In 35,358,359 35,358,359 0 0 35,358,359 100.00%

Total Revenues 36,289,824 36,289,824 0 59,276 36,230,548 99.84%

Expenses

Debt Service 36,146,756 36,146,756 9,421 1,070 36,136,265 99.97%

Excess (Deficit) of Revenues 143,068 143,068 58,206 94,282 65.90%




Debt Service 2017/2018


Adopted

Budget

Amended


Available

Budget

% of Budget

Remaining

Page 16

Revenues

State Sources $787,465 $0 ($787,465) 0.00% $0 $0 0.00%

Local Sources 144,000 59,276 (84,724) 41.16% 3 59,273 99.99%

Transfers In 35,358,359 0 (35,358,359) 0.00% 0 0 0.00%

Total Revenues 36,289,824 59,276 (36,230,548) 0.16% 3 59,273 99.99%

Expenses

Debt Service 36,146,756 1,070 36,145,686 0.00% 0 1,070 100.00%

Total Expenses 36,146,756 1,070 36,145,686 0.00% 0 1,070 100.00%

Excess (Deficit) of Revenues 143,068 58,206 (84,862) 40.68% 3 58,203 99.99%

Beginning Fund Balance 4,050,910 4,050,910 (0) 100.00% 3,929,920 120,990 2.99%

Ending Fund Balance $4,193,978 $4,109,116 ($84,862) 97.98% $3,929,923 $179,193 4.36%



Debt Service 2017/2018 Compared to 2016/2017

Amended

Budget

October

2017

Favorable/

(Unfavorable)

Variance % Change

October


Page 17

Revenues

State Sources $4,687,118 $4,687,118 $0 $1,789,649 $2,897,469 61.82%

Local Sources 107,409,077 107,409,077 0 6,454,522 100,954,555 93.99%

Transfer In 750,000 750,000 0 299,998 450,002 60.00%

Total Revenues 112,846,195 112,846,195 0 8,544,169 104,302,026 92.43%

Expenses

Facilities Construction 98,759,123 98,759,123 21,939,628 25,488,628 51,330,867 51.98%

Fiscal Services 0 0 10,767 3,474 (14,242) 0.00%

Transportation Services 0 0 776,702 3,192,697 (3,969,399) 0.00%

Transfers Out 46,766,094 46,766,094 0 3,100,000 43,666,094 93.37%

Total Expenses 145,525,217 145,525,217 22,727,097 31,784,799 91,013,320 62.54%





Capital Projects 2017/2018


% of Budget

Remaining

Adopted

Budget

Amended


Available

Budget

Page 18

RevenuesState Sources $4,687,118 $1,789,649 ($2,897,469) 38.18% $2,616,664 ($827,015) -31.61%

Local Sources 107,409,077 6,454,522 (100,954,555) 6.01% 6,977,677 (523,155) -7.50%

Transfers In 750,000 299,998 (450,002) 40.00% 0 299,998 0.00%

Total Revenues 112,846,195 8,544,169 (104,302,026) 7.57% 9,594,341 (1,050,172) -10.95%

ExpensesFacilities Construction 98,759,123 25,488,628 73,270,495 25.81% 13,412,556 12,076,073 90.04%

Fiscal Services 0 3,474 (3,474) 0.00% 0 3,474 0.00%

Student Transportation 0 3,192,697 (3,192,697) 0.00% 328,782 2,863,915 871.07%

Transfers Out 46,766,094 3,100,000 43,666,094 6.63% 0 3,100,000 0.00%

Total Expenses 145,525,217 31,784,799 113,740,418 21.84% 13,741,338 18,043,462 131.31%


Beginning Fund Balance 107,327,417 107,327,417 0 100.00% 91,262,445 16,064,972 17.60%

Ending Fund Balance $74,648,395 $84,086,786 $9,438,392 112.64% $87,115,448 ($3,028,662) -3.48%NOTE: A RED Variance / Change notes a negative impact to the District; a BLACK Variance / Change notes a positive impact to the District

Brevard County School BoardCapital Projects Fund 2017/2018 Compared to 2016/2017

Amended

Budget

October

2017

Favorable/

(Unfavorable)

Variance % Change

October


Page 19

Page 20

$0

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

State Sources Local Sources Transfer In

Capital Projects Revenue - Budget vs Actual

Budget

Actual

Page 21

Facilities Construction, 25,488,628

Fiscal Services, 3,474

Student Transportation, 3,192,697 Transfers Out, 3,100,000

Capital Projects Expenses by Function

Revenues

Local Sources $6,800,000 $6,800,000 $0 $2,342,363 $4,457,637 65.55%

Total Revenues 6,800,000 6,800,000 0 2,342,363 4,457,637 65.55%

Expenses

Instructional 0 0 475 3,627 (4,102) 0.00%

Instructional Media 0 0 0 199 (199) 0.00%

Instruct/Curriculum 0 0 158,079 21,276 (179,355) 0.00%

Instructional Staff Training 0 0 270 1,255 (1,525) 0.00%

School Admin 0 0 0 99 (99) 0.00%

Facilities Acquisition 0 0 11,700 0 (11,700) 0.00%

Central Services 0 0 12,861 6,452 (19,313) 0.00%

Operation of Plant 0 0 0 1,181 (1,181) 0.00%

Community Services 5,945,370 5,945,370 3,448,903 1,644,241 852,226 14.33%

Transfers 2,299,035 2,299,035 0 0 2,299,035 100.00%

Total Expenses 8,244,405 8,244,405 3,632,289 1,678,330 2,933,786 35.59%

Excess (Deficit) of Revenues (1,444,405) (1,444,405) 664,033

Beginning Fund Balance (2,243,265) (2,243,265) (2,243,265)

Net Pension Liability Adj 0 503,470 503,470

Adjusted Beginning Fund Balance (2,243,265) (1,739,795) (1,739,795)

Ending Fund Balance ($3,687,670) ($3,184,200) ($1,075,762)


Brevard After School Fund 2017/2018


Adopted

Budget

Amended


Available

Budget

% of Budget

Remaining

Page 22

Revenues

Local Sources $6,800,000 $2,342,363 ($4,457,637) 34.45% $2,504,853 ($162,490) -6.94%

Total Revenues 6,800,000 2,342,363 (4,457,637) 34.45% 2,504,853 (162,490) -6.94%

Expenses

Instructional 0 3,627 (3,627) 0.00% 83 3,544 97.71%

Instructional Media 0 199 (199) 0.00% 0 199 100.00%

Instruct/Curriculum 0 21,276 (21,276) 0.00% 27,264 (5,987) -28.14%

Instructional Staff Training 0 1,255 (1,255) 0.00% 0 1,255 100.00%

School Admin 0 99 (99) 0.00% 1,583 (1,484) -1499.32%

Central Services 0 6,452 (6,452) 0.00% 6,398 54 0.84%

Operation of Plant 0 1,181 (1,181) 0.00% 1,167 14 1.15%

Community Services 5,945,370 1,644,241 4,301,129 27.66% 1,581,267 62,973 3.83%

Transfers 2,299,035 0 2,299,035 0.00% 0 0 0.00%

Total Expenses 8,244,405 1,678,330 6,566,075 20.36% 1,617,762 60,568 3.61%

Excess (Deficit) of Revenues (1,444,405) 664,033 2,108,438 -45.97% 887,091 (223,058) -33.59%

Beginning Fund Balance (2,243,265) (2,243,265) (0) 100.00% (1,075,113) (1,168,152) 52.07%

Net Pension Liability Adj 503,470 503,470 0 100.00%

Adjusted Beginning Fund Balance (1,739,795) (1,739,795) 0 100.00%

Ending Fund Balance ($3,184,200) ($1,075,762) $2,108,438 33.78% ($188,022) ($887,740) 82.52%



Brevard After School 2017/2018 Compared to 2016/2017

Amended

Budget

October

2017

Favorable/

(Unfavorable)

Variance % Change

October


Page 23

Revenues

Local Sources $4,326,384 $4,326,384 $0 $979,803 $3,346,581 77.35%

Transfers In 0 0 0 94,374 ($94,374) 0.00%

Total Revenues 4,326,384 4,326,384 0 1,074,177 3,252,207 75.17%

Expenses

Fiscal Services 0 0 15,116 99 (15,215) 0.00%

Central Services 6,805,516 6,805,516 183,167 46,057 6,576,292 96.63%

Operation of Plant 0 0 0 151 (151) 0.00%

Total Expenses 6,805,516 6,805,516 198,283 46,308 6,560,925 96.41%

Excess (Deficit) of Revenues (2,479,132) (2,479,132) 1,027,869


Ending Fund Balance ($439,224) ($439,224) $3,067,776


Casualty Insurance Fund 2017/2018


Adopted

Budget

Amended


Available

Budget

% of Budget

Remaining

Page 24

Revenues

Local Sources $4,326,384 $979,803 ($3,346,581) 22.65% $1,015,474 ($35,671) -3.64%

Transfers In 0 94,374 94,374 0.00% 0 94,374 100.00%

Total Revenues 4,326,384 1,074,177 (3,252,207) 24.83% 1,015,474 58,703 5.46%

Expenses

Fiscal Services 0 99 (99) 0.00% 2,511 (2,412) -2429.21%

Central Services 6,805,516 46,057 6,759,458 0.68% 1,480,648 (1,434,590) -3114.80%

Operation of Plant 0 151 (151) 0.00% 166 (15) -9.65%

Total Expenses 6,805,516 46,308 6,759,208 0.68% 1,483,325 (1,437,017) -3103.18%

Excess (Deficit) of Revenues (2,479,132) 1,027,869 3,507,001 -41.46% (467,851) 1,495,720 145.52%

Beginning Fund Balance 2,039,907 2,039,907 0 100.00% 2,717,003 (677,096) -33.19%

Ending Fund Balance ($439,224) 3,067,776 $3,507,001 -698.45% $2,249,152 $818,624 26.68%



Casualty Insurance 2017/2018 Compared to 2016/2017

Amended

Budget

October

2017

Favorable/

(Unfavorable)

Variance % Change

October


Page 25

Revenues

Local Sources $66,350,248 $66,350,248 $0 $17,651,036 $48,699,212 73.40%

Total Revenues 66,350,248 66,350,248 0 17,651,036 48,699,212 73.40%

Expenses

Facilities Acquistion 0 0 121,559 0 (121,559) 0.00%

Fiscal Services 0 0 0 332 (332) 0.00%

Central Services 76,609,120 76,609,120 1,741,031 23,445,855 51,422,234 67.12%

Operation of Plant 0 0 0 7,655 (7,655) 0.00%

Total Expenses 76,609,120 76,609,120 1,862,589 23,453,842 51,292,689 66.95%





Medical Insurance Trust Fund 2017/2018


Adopted

Budget

Amended


Available

Budget

% of Budget

Remaining

Page 26

Revenues

Local Sources $66,350,248 $17,651,036 ($48,699,212) 26.60% $17,515,989 $135,047 0.77%

Total Revenues 66,350,248 17,651,036 (48,699,212) 26.60% 17,515,989 135,047 0.77%

Expenses

Facilities Acquistion 0 0 0 0.00% 53,342 (53,342) 0.00%

Fiscal Services 0 332 (332) 0.00% 116,997 (116,665) -35186.72%

Central Services 76,609,120 23,445,855 53,163,264 30.60% 21,695,387 1,750,468 7.47%

Operation of Plant 0 7,655 (7,655) 0.00% 0 7,655 100.00%

Total Expenses 76,609,120 23,453,842 53,155,278 30.61% 21,865,726 1,588,116 6.77%


Beginning Fund Balance 21,018,909 21,018,909 0 100.00% 21,710,588 (691,679) -3.29%

Ending Fund Balance $10,760,037 $15,216,103 $4,456,066 141.41% $17,360,851 ($2,144,747) -14.10%



Medical Insurance Trust 2017/2018 Compared to 2016/2017

Amended

Budget

October

2017

Favorable/

(Unfavorable)

Variance % Change

October


Page 27

Documents

THE SCHOOLBOARD OF BREVARD COUNTY, FLORIDA ...eagendatoc.brevardschools.org/01-23-2018 School... · the schoolboard of brevard county, florida. financialstatements. for the period