WOODLAND SCHOOL DISTRICT2014-2015 YEAR END FINANCIAL SUMMARY

Presented by:

Stacy Brown

Director of Business Services

Historical Fund Balance Summary History of total fund balance at year-end

and the percentage of budgeted expenditures

Year Ended

% of Expenditures

Budget Total Fund Balance

2008 4.4% $ 19,582,661.00 $ 860,620.00

2009 6.2% $ 21,340,015.00 $ 1,316,966.00

2010 8.8% $ 20,203,854.00 $ 1,772,478.00

2011 11.8% $ 20,707,518.00 $ 2,436,449.00

2012 14.1% $ 21,029,248.00 $ 2,967,227.00

2013 11.8% $ 21,251,166.00 $ 2,515,483.00

2014 11.8% $ 23,652,108.00 $ 2,785,917.00

2015 11.4% $ 25,016,430.00 $ 2,842,390.00

Fund Balance/Enrollment

August 31, 2015 August 31, 2014

Total Ending Fund Balance

$2,842,390 $2,785,917

Restricted for Program Carryover

$ 8,514 $ 13,000

Reserved for Prepaid Exp

$ 220,992 $ 106,817

Assigned for Contingency

$ 0 $ 127,500

Assigned for Building/Dept CO

$ 78,758 $ 108,397

Unreserved Fund Balance

$2,534,125 $2,430,202

Unreserved FB Increase from 13-14 to 14-15

$ 103,923 $ 947,102

BUDGETED ENROLLMENT

2,127 2,119

ACTUAL ENROLLMENT 2,151.93 2,182.83

Unbudgeted Items Directly Affecting Total Fund Balance

Item/Description

Administrator Salaries/Benefits Greater Than Budget ($156,000)

Unbudgeted Staff Costs for Reconfiguration/Moving ($145,000)

Unbudgeted Attorney/Audit/Election Fees ($313,000)

Unbudgeted Special Ed Out of District Expenditures ($ 41,000)

Unbudgeted Maintenance Supplies ($ 68,000)

Additional Transfer to CPF for KWRL Paradise Point Site ($256,000)

Unbudgeted Maintenance (Painting/Carpet/Floors) ($130,000)

Unbudgeted Van Purchase (to replace total in accident) ($ 42,000)

Sick Leave Buy-Back/Retirements Less than Budgeted $ 85,000

Benefits Budgeted for Capacity $267,500

Taxes/Local Effort Assistance Greater than Budgeted $299,000

Transportation Unfunded Less than Budgeted $280,500

Pcard Rebate Greater than Budgeted $ 15,000

25 Students Over Budget $150,000

17 Special Ed Students Over Budget/Safety Net Greater than Budgeted $110,000

Total $ 56,000

Levy Dollars

Expenditure Type Levy Dollars2014-2015

Levy Dollars2013-2014

Certificated Salaries $ 675,150 $ 532,400Classified Salaries $ 930,450 $ 619,700Administrator Salaries $ 353,450 $ 269,880Benefits $ 760,500 $ 511,125Supplies/Services/Travel/Utilities/Insurance $1,263,310 $ 900,170Substitutes $ 13,250 $ 139,800

Extracurricular $ 410,900 $ 403,015

Special Education $ 139,855 $ 18,000

Food Service Program $ 40,500 $ 16,900

Transportation $ 213,600 $ 213,600

KWRL Site/Remodel $ 324,300 $ 109,300

Hi-C/TPEP/Other State Programs $ 45,300 $ 0

General Fund Revenues

Source of Funds Amount

Local Taxes (Levy) $ 3,864,024 15.2%

Local Receipts $ 497,246 1.9%

State Apportionment/LEA

$ 13,405,704 52.6%

State Special Purpose $ 5,622,447 22.0%

Federal Funds $ 1,622,748 6.4%

From Other Districts $ 492,438 1.9%

Operating Transfer $ 0 0%

Total Revenues $ 25,504,607 100%

Total Expenditures by Type

Salaries; 57.1%

Benefits; 23.1%

Supplies; 5.9%

Purchased Services;

13.2%

Travel; 0.3%

Capital Outlay; 0.3%

Total Expenditures = $25,016,430

Administrative = 3.8%Certificated = 32.4%Classified = 20.9%

Salaries – All Programs

65.6%

11.3%

8.0%

2.8%

0.8%

11.5%

Certificated Salaries

InstructionalAdministrativeNon-Instructional (Health/Counseling/Psych)SubstitutesExtra Curricular

13.9%

28.8%

45.2%

3.6%

4.8%

3.7%

Classified Salaries

Administrative

Instruction/Secretarial

Non-Instructional (Cust/Drivers/Kitchens/Tech)

Extended Work

Substitutes

Athletics

$9,059,225 $5,237,443

Expenditures by Program-Comparison to Prior Year

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%47.1%

1.9%

15.8%

2.4%

9.6%13.6%

3.0% 4.4% 1.7% 0.5%

47.5%

2.1%

13.9%

2.6%8.8%

15.0%

3.1% 4.5%1.8% 0.5%

2014-15 2013-14

Activities - General Basic Education

Amount ($)

14-15

Amount ($)

13-14

Difference

Supervision Instruction $ 110,497

$ 109,572

$ 925

Learning Resources $ 241,062

$ 237,773

$ 3,289

Principal’s Office $ 1,464,776

$ 1,184,346

$ 280,430

Guidance & Counseling $ 376,861

$ 362,458

$ 14,403

Pupil Safety & Management

$ 29,581

$ 24,699

$ 4,882

Health Services $ 115,408

$ 112,418

$ 2,990

Teaching $ 8,642,189

$ 8,401,592

$ 240,597

Extra Curricular $ 410,918

$ 403,015

$ 7,903

Prof Dev/Inst Tech/Curr $ 382,217

$ 244,409

$ 137,808

Totals $11,773,508

$11,080,283

$ 693,225

Includes Basic Ed Only – Increases due to increased apportionment and account code changes.

Teaching is 73.4% of Basic Ed

District Wide Support

Mainenance & Operations

Utilities

Technology

Superintendent's Office

Insurance/Plant Security

Business Office

Human Resources

Board of Directors/Public Rel

Printing

Motorpool

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0%

40.1%

12.8%

10.8%

6.8%

3.6%

8.0%

2.3%

10.7%

2.8%

2.1%

43.2%

14.8%

11.7%

8.0%

4.4%

9.3%

1.4%

3.2%

3.1%

1.1%

The greatest difference between years was for the Board. This is due to the large amount paid for attorney’s fees in 14-15.

District Wide Support Expenditures = $3,960,78815.8% of Total Expenditures for 2014-2015

2014-15

2013-14

Transportation & Food Service

Total Students transported = 3,900 per day (Based on the count week totals)

Total Expenditures = $3,460,753

Total Revenues = $3,396,500 , Total Unfunded = $61,254

Woodland’s portion paid by Levy dollars to support transportation = $19,600

Total Meals Served = 233,000

Total Expenses = $753,896

Total Revenues = $713,406 Sodexo Guarantee $4,873,

actual ($40,490). There are some expenditures in this total that are outside of the contract. I will be meeting with Sodexo to reconcile for year end.

Transportation Food Service

Before and After School Care The WCC and YCC programs add opportunities for parents

and students in a small community without many daycare options for families

Programs served about 100 families throughout the year and also provided summer care

WCC program is licensed by the state and able to provide options for low income families

Daycare programs ran at a profit of $1,020 before indirects. Last year they had a profit of just over $4,000. In prior years the district was subsidizing $11,000 to $14,000 per year with levy dollars. I expect this level of profit to become the norm.

WCC profit of $8,800 and YCC loss of ($3,300). WCC change due to increased participation, increased reimbursement from DSHS and providing only before and after school care

Capital Projects Debt ServiceASB Transportation vehicle

Other Funds

Capital Projects Fund

Beginning Fund Balance $18,405,022

Revenues/Other Fin Srce$11,120,589

Expenditures $28,232,269

Ending Fund Balance $1,292,856

Debt Service Fund

This fund is used to collect tax revenue and pay the principal and interest on bonds. Payments are made twice a year, December and June.

Amount available for principal/interest at August 31, 2015 = $1,777,298

Debt Balance 9/1/14

Debt Issued

Debt Redeemed

Debt Balance 8/31/15

Voted Debt $55,675,000 $ 2,600,000 $ 4,405,000 $53,870,000

Non-Voted Debt

$ 209,920 $ 0 $ 103,895 $ 106,025

Total $55,884,920 $2,600,000 $ 4,508,895 $53,976,025

ASB FUND

Beginning Fund Balance $154,600

Revenues $255,270

Expenditures $246,508

Ending Fund Balance $163,362

ASB funds are for the extracurricular benefit for the students. Their involvement in the decision-making process is an integral part of associated student body government.

TRANSPORTATION VEHICLE FUND

Beginning Fund Balance $3,676,417

Revenues $ 662,860

Expenditures $ 780,812

Ending Fund Balance $3,613,477

This fund is used to replace buses. Revenue comes from the State (in the form of depreciation payments), interest earned on the investments and the annual levy payments made by the for Co-Op districts. This fund is fully self-supporting with state depreciation funds.