Fund Balance and Net of Operations 2014/2015. EXPENDITURES.

Fund Balance and Net of Operations 2014/2015

EXPENDITURES

2014 - 2015

• TOTAL BUDGET = 27,820,000• TOTAL EXPENDITURES = 26,169,000

BUDGET $ 1,651,000 UNDERSPENT5.94% of Projected Budget

FUND BALANCE ANALYSIS(Budget underspent)

2010-2011 2011-2012 2012-2013 2013-2014 2014-2015

GEN SUPPORT 241,000 438,000 307,000 520,000 223,000

INSTRUCT 261,000 197,000 566,000 (90,000) 806,000

TRANSP 210,000 121,000 70,000 64,000 144,000

UNDISTR 499,000 1,314,000 1,037,000 442,000 478,000

TOTALS 1,211,000 2,070,000 1,980,000 936,000 1,651,0004

2010-2011 2011-2012 2012-2013 2013-2014 2014-2015GEN

SUPPORTB&G Sal,

Elec, ContB&G Sal, Utilities

DO, B&G Sal, Electric

Legal, Pub, BOCES (m)

Util, BOCES, B&G Sal

INSTRUCT Salaries, Equip

Salaries, BOCES (m)

SPED, Health, Comp Svces

Charter, SPED, Lib Sal

Salaries, BOCES, SPED

TRANSP Salaries Salaries G&D, M&S G&D, M&S G&D, Sal

UNDISTR Empl Benes Empl Benes Empl Benes Empl Benes Empl Benes

• GENERAL SUPPORT = 223,000 – FINANCE (Treas., Bus Admin) = 40,000– STAFF (Legal, Personnel) = 45,000– CENTRAL SERVICES (Op plant. Mail) = 90,000– SPECIAL ITEMS (BOCES Admin) = 38,000

• TRANSPORTATION = 144,000 – SALARIES = 30,000 – PARTS, TIRES, CONTRACTUAL = 40,000– GAS, DIESEL, ELECTRIC = 55,000– EQUIPMENT = 20,000

• INSTRUCTION = 806,000– TEACH REG SCHOOL = 470,000

• Salaries = 360K Charter Sch = 50K• Textbooks = 22K BOCES = 12K

– SPED = 210,000• Salaries = 50K BOCES = 183K

– INSTRUCTIONAL MEDIA = 37,000• Lib sal (clerk) = 17K BOCES = 20K

– PUPIL SERVICES = 83,000• Attendance = 7K Guidance = 15K• Health = 15K Psych = 10K• Co-curr = 26K Athletics = 9K

•

• UNDISTRIBUTED EXPENDITURES = 485,000- EMPLOYEE BENEFITS = 460,000• Health Ins = 200K Soc Sec = 85K• TRS = 130K ERS = 73K• Unemploy = 13K WC = 10K

-DEBT SERVICE = 15,000• BAN = (20K) Elevator = (40K )• Savings from financings = 75K

CONSIDERATIONS

• OPERATION PLANT:– Equip & Contr codes overspent by $ 113,000– Utilities underspent by $ 115,000– Utility exp $ 52,000 less than 13/14

• SALARIES (All General Fund)– Salaries underspent by $675,000– This leads to underspending related benefits– Analysis created for Office NYS Comptroller and

provided to BOE.

ACTUAL EXPENDITURES

2010-2011 2011-2012 2012-2013 2013-2014 2014-2015

GEN SUPPORT 2,669,000 2,567,000 2,708,000 2,667,000 2,685,000

INSTRUCT 12,158,000 12,237,000 12,233,000 13,067,000 13,144,000

TRANSP 827,000 876,000 916,000 938,000 947,000

UNDISTR 7,361,000 7,980,000 8,423,000 8,927,000 9,393,000

TOTALS 23,015,000 23,660,000 24,280,000 25,599,000 26,169,000

INCREASE 225,000 645,000 620,000 1,319,000 570,000

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REVENUES

2014 - 2015

• TOTAL BUDGET = 27,820,000• TOTAL EXPENDITURES = 26,169,000• ACTUAL REVENUE = 26,820,000• (Planned Appropriation = 1,512,000)

NON-APPROPRIATED REVENUES $335,000 OVER-PROJECTED AMOUNT

1.26% of Projected Revenue Budget

• STATE AID = 377,400• MISCELLANEOUS = 93 400– INTEREST/PENALTY TAXES = 20,000– REFUNDS prior yr = 50,000– GIFTS/OTHER = 78,000– BOCES refund = (45,000)– INTEREST = (10,000)

• TAXES/PILOTS = (130,000)

ACTUAL REVENUES

2010-11 2011-12 2012-2013 2013-2014 2014-2015

BUDGET 24,377,906 25,275,503 26,000,000 26,536,296 27,820,000

STATE AID 6,353,894 6,342,673 6,617,084 7,132,688 7,754,271

FED AID 455,847 6,375 42,367 33,241 21,230

MISC 1,124,387 956,563 874,868 1,030,690 853,276

PILOT 2,677,315 2,509,743 2,209,645 2,060,475 1,769,441

TAXES 13,351,157 13,954,451 14,724,972 15,695,539 16,421,598

ACTUAL 23,962,600 23,769,805 24,468,936 25,952,633 26,819,816

TAX RATE $ 18.48 $ 19.10 $ 19.84 $ 20.69 $ 21.15

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SUMMARY

NET OF BUDGET OPERATIONS(Actual v. Actual)

2010-11 2011-12 2012-2013 2013-2014 2014-2015

REVENUES 23,963,000 23,770,000 24,469,000 25,953,000 26,820,000

EXPENSES 23,015,000 23,660,000 24,280,000 25,599,000 26,169,000

FUND BALANCE 948.000 110,000 189,000 354,000 651,000

What did we do with it?

Inc Appropr,

Add UE reserve

Inc Appropr, UA>4%

Inc Appropr, UA>4%

NO ACTION YET

15

SUMMARY OF BUDGET OPERATIONS2014-2015

• No appropriation of District fund balance ($1,335,000 original plan, then $1,512,000)

• Planned appropriations for 2015-2016 of 440K

• Total Fund Balance in excess of Unassigned allowance = $ 936,807