Post on 03-Jan-2016
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Beaumont Unified School District
Our Focus…Our Kids Investing in 21st Century
Learning
Beaumont Unified School District
Our Focus…Our Kids Investing in 21st Century
Learning
2012/2013 Unaudited ActualsCarol Severns, Assistant Superintendent of Business Services
Carmen Meza, Director of Fiscal Services
Board Meeting– September 10, 2013
9/10/13 1
Unaudited Actuals 2012/2013 Fiscal Year
Final End of Fiscal Year Actuals Numbers prior to Audit
Must be Reported to County Schools by September 15
Change to 2012/13 Ending Balance
Adjustment to 2013/14 Beginning Balance
Comparison of Estimated Actuals and Unaudited Actuals
Unspent Carryover to Next Year Budget
9/10/13 2
Unaudited Actuals 2012/13 Fiscal Year
Unrestricted Restricted Total
Revenues 50,736,804.09 8,060,329.88 58,797,133.97
Expenditures 43,482,683.56 14,608,139.37 58,090,822.93
Excess (Deficiency) of Revenues Over Expenditures Before Other Financing Sources & Uses
7,254,120.53 (6,547,809.49) 706,311.04
Other Financing Sources/Uses (5,750,771.40) 5,500,689.40 (250,082.00)
Net Increase (Decrease) in Fund Balance 1,503,349.13 (1,047,120.09) 456,229.04
Beginning Balance July 1, 2012 14,839,674.96 2,305,054.07 17,144,729.03
Audit Adjustments 0.00 0.00 0.00
Audited Beginning Balanceas of July 1, 2012
14,839,674.96 2,305,054.07 17,144,729.03
Ending Fund Balance June 30, 2013 16,343,024.09 1,257,933.98 17,600,958.07
9/10/13 3
Unaudited Actuals vs. Estimated Actuals 2012/2013 Fiscal Year
DESCRIPTION ESTIMATED ACTUALS UNAUDITED ACTUALS DIFFERENCE REASONS
Revenue Limit 44,270,749.00 44,221,162.66 (49,586.34)
Federal Revenue 4,026,808.00 2,859,599.45 (1,167,208.55) Deferred Revenue
Other State Revenue 7,885,975.00 7,976,027.91 90,052.91 Special Ed-Mental Health
Other Local Revenue 3,930,830.00 3,740,343.95 (190,486.05) Redevelopment
TOTAL REVENUES 60,114,362.00 58,797,133.97 (1,317,228.03)
Certificated Salaries 27,896,635.00 27,680,810.30 (215,824.70)
Classified Salaries 8,965,546.00 8,871,194.05 (94,351.95)
Employee Benefits 11,321,565.00 11,197,989.88 (123,575.12)
Book & Supplies 5,030,509.00 2,072,607.35 (2,957,901.65) Categoricals –Carryover
Services & Other Operating Expend. 7,578,201.00 6,411,488.73 (1,166,712.27) Categoricals –Carryover
Capital Outlay 1,639,080.00 1,604,888.33 (34,191.67)
Other Outgo 390,023.00 390,022.02 (0.98)
Direct/Indirect (192,507.00) (138,177.73) 54,329.27 Indirect Cost not charged to Adult Ed
TOTAL EXPENDITURES 62,629,052.00 58,090,822.93 (4,538,229.07)
Interfund Transfers In 1,622,443.00 0.00 (1,622,443.00) Fund 17 - did not need transfer
Interfund Transfers Out (82.00) (250,082.00) (250,000.00) To Deferred Maintenance Fund
TOTAL OTHER 1,622,361.00 (250,082.00) (1,872,443.00)
9/10/134
Ending Balance Designations2012/2013 Fiscal Year
Ending Balance – June 30, 2013 16,343,024.09 1,257,933.98 17,600,958.07
Designated for Economic Uncertainties 6,581,690.00 6,581,690.00
Prepaid Expenditures 15,316.98 15,316.98
Budget Contingencies 5,826,212.67 5,826,212.67
Vacation Liability 462,833.46 462,833.46
Reserve for Revolving Cash 10,000.00 10,000.00
E-Rate for District-wide Wireless 431,964.31 431,964.31
Beaumont Teachers Association Health & Welfare Pool 339,582.28 339,582.28
Advanced Placement 44,516.07 44,516.07
Computer Replacement Plan 389,837.69 389,837.69
Furniture & Equipment Replacement Plan 463,400.16 463,400.16
ADA Incentive 122,974.56 122,974.56
Medical Administrative Activities (MAA) 16,052.03 16,052.03
Tier III Discretionary 100,000.00 100,000.00
Donations 29,293.22 29,293.22
Tier III 342,207.35 342,207.35
Swept Fund from Adult Education 288,855.00 288,855.00
Morgan Hart 843,691.00 843,691.00
Lottery Unrestricted 34,597.31 34,597.31
English Language Acquisition Program 14,331.99 14,331.99
Lottery Restricted 227,426.75 227,426.75
Special Education – Low Incidence Equipment 5,533.55 5,533.55
Special Education – Mental Health 380,106.71 380,106.71
Economic Impact Aid/School Compensatory Education 561,932.34 561,932.34
Economic Impact Aid/ Limited English Pupils 64,622.51 64,622.51
ASES – Attendance Development Incentive 1,000.00 1,000.00
Weyerhaeuser Company Grant 2,980.13 2,980.13
TOTAL 16,343,024.09 1,257,933.98 17,600,958.07
9/10/13 5
Cash Flow & Ending Balance
State Revenue Deferral for FY 2011/12 to FY 2012/13 ($14,114,923) 38.40%
State Revenue Deferral for FY 2012/13 to FY2013/14 ($8,033,889)
• Received 9.5 mil in Education Protection Account (EPA) – Proposition 30 in June 2013 32.21%
Cash balance as of June 30, 2013 (57% of Ending Balance) 10.1 mil
9/10/13 6
Unaudited Actual
Questions?
9/10/13 7