Monthly Financial Report

Transcription

1 December Monthly Financial Report FISCAL YEAR JULY, 204 JUNE 30, 205 Kelvin R. Adams, Ph.D. Superintendent of Schools 80 N. th Street St. Louis, MO 630 (34)

2 Rick Sullivan President and CEO Melanie Adams Vice President Richard K. Gaines Comprehensive Long-Range Planning Chair Kelvin R. Adams, Ph.D. Superintendent of Schools Saint Louis Public Schools, as an equal opportunity educational provider and employer, does not discriminate on the basis of race, color, religion, sex, national origin, age, disability, sexual orientation, gender identity, gender expression, genetic information, or any other basis prohibited by law in educational programs or activities that it operates or in employment decisions. The district is required by Title VI and Title VII of the Civil Rights Act of 964, Title IX of the Education Amendments of 972, Section 504 of the Rehabilitation Act of 973, the Americans with Disabilities Act, and the Age Discrimination Act of 975, as amended, as well as board policy not to discriminate in such a manner. (Not all prohibited bases apply to all programs.) Saint Louis Public Schools 80 N. th Street St. Louis, MO 630 (34)

3 Contents SLPS Budget by Fund (all funds)... 4 SLPS YTD Budget-to-Actual by Fund (all funds)... 5 Balance Sheet Statement of Revenues, Expenditures and Changes in Fund Balances

4 Fiscal Year July, June 30, 205 FY 205 SLPS Budget by Fund (all funds) FY Total Budget $40,823,349 $40,296,807 Proprietary $526,542 Operating Fund (GOB, Expansion) $297,226,883 Special $65,6,678 Capital $2,000,000 Debt $26,908,245 Service $526,542 General Fund (Fund 0) $20,76,65 (GOB) Education (Fund 22x) $7,454,889 Education (Fund 32) Debt Service (Fund 60) $26,908,245 Trust and Agency (Fund 720) $34,002 Teacher's Fund (Fund 20) 6,696,36 (GOB) Title I (Fund 230) $7,845,997 (Fund 33) Foundations and Contributions (Fund 730) $392,539 Student Health (Fund 40) 3,787,02 (GOB) Education (Fund 240) $369, (Fund 909) $,800,000 Capital Equipment (Fund 360) Adult Basic Education (Fund 250) $2,728,500 Prop S-QSCB (Fund 90) (Fund ) $7,985,269 Community (Fund 260) $80,000 Prop S-BAB (Fund 92) $500,000 (Fund 2) $3,04,67 Special Education (Fund 270) $8,064,450 Prop S-QZAB (Fund 93) $3,700,000 Mini Federal Programs (Fund 290) $7,73,55 Prop S (Fund 94) $5,000,000 Title VI (620) $4,585,457 Food Services (Fund 50) $6,29,994 Kelvin R. Adams, Ph.D. Superintendent of Schools 80 N. th Street St. Louis, Missouri 630 Telephone (34) Building Our Future: One Community, One School, One Child at a Time

5 Fund Cod e Fund Description FY 205 SLPS YTD Budget-to-Actual by Fund (all funds) For The Period Ended December 3, 204 FY205 Adopted Budget FY205 Current Budget FY205 YTD Spend Remaining Balance YTD Spend % (Current Budget) SAB Adopted 0 GOB INCIDENTAL 20,76,65 20,253,962 52,529,790 67,724, % 2 EXPANSION INCIDENTAL 7,985,269 6,43,760,935,46 4,496, % 2 2 EXPANSION TEACHERS 3,04,67 4,595,26 2,543,495 2,05, % 20 GOB TEACHERS 6,696,36 62,59,05 74,388,93 87,770, % 40 GOB STUDENT HEALTH 3,787,02 3,787,02,742,730 2,044, % 50 SCHOOL LUNCHROOM 6,29,994 6,98,243 8,262,987 7,935, % 60 DEBT SERVICE 26,908,245 26,908,245 4,779,32 22,29,3 7.8% SAB Adopted Subtotal 340,355,22 340,333,372 46,8,743 94,5, % Special Revenue 220 EARLY CHILDHOOD SPECIAL ED 7,454,889 7,459,389 2,63,954 4,845, % 230 TITLE I IASA 7,845,997 7,054,337 8,046,72 9,007, % 240 ADULT VOCATION/ACADEMIC ED 369, ,237 45, ,4 39.3% 250 ADULT BASIC ED 2,728,500 2,768, ,640,929, % 260 COMM DEVELOP AGENCY 80,000 80, ,97 0.0% 270 SPECIAL ED 8,064,450 8,44,450 2,990,070 5,54, % 290 OTHER FEDERAL 7,73,55 9,333,932 3,202,99 6,3, % 620 TITLE VI 4,585,457 5,545,457,79,583 3,753, % Special Revenue Subtotal 48,94,684 50,855,30 9,629,003 3,226, % Capital Projects 909 CAPITAL A/C,800, , ,08 29, % 92 3 PROP S - BUILD AMERICA BONDS 500, % 93 4 PROP S 20A 3,700,000 5,07,29 5,07, % 94 5 PROP S 20B 5,000,000 0,362,044,77,23 9,84,83.4% Capital Projects Subtotal 2,000,000 6,235,855 7,02,44 9,24, % Self-Funding 720 TRUST AGENCY & ENTERPRISE 34,002 34,002 0,994 23, % 730 FOUNDATIONS & CONTRIBUTIONS 392, , ,645 77, % Self-Funding Subtotal 526,542,28, , , % Grand Total - All Budgeted 40,823, ,553,076 73,9, ,433, % Special Revenue Fund amounts are estimates based upon grant application amounts. The actual amounts received for each respective grant may vary from budgeted amount and are fully disclosed in the District's Comprehensive Annual Financial Report. Some grants include roll-forward amounts from from Settlement have been deposited in Capital (Fund 33) and are allocated out to Expansion (, 2, and 3) in accordance with settlement plan spend down schedule. Expectation that 85% of proceeds be spent by % of proceeds must be spent by Expectation that 85% of proceeds be spent by SLPS Monthly Financial Report 5

6 Fiscal Year July, June 30, Building Our Future: One Community, One School, One Child at a Time Balance Sheet - For The Month Ended December 3, 204 Fiscal Year 204/205 From Period 6 To Period 6 Capital Projects Debt General Teachers Service Vocation Ed Settlement HVAC 2009 (32) (33) (909) (90) Prop S School Renovation QSCB BAB 20A 20 B (93) (94) Non-Major (Non-Majors Tab) Total Building (92) ASSETS Cash and Investments Cash and Investments,7,76 (72,32,772) 3,998,773,394,203 57,27 22,46,054 32, ,464,929 (25,855,407) 6,052,095 Investments held for Bond Indebtedness - - 2,322, ,322,678 Total Cash and Investments,7,76 (72,32,772) 35,32,45,394,203 57,27 22,46,054 32, ,464,929 (25,855,407) 82,374,773 Receivables Receivables - Grants ,735,749 6,735,749 Receivables - Taxes 4,836,627-2,498, ,334,908 Receivables - Other 628, ,36 896,322 Total Receivables 5,464,83-2,498, ,003,885 34,966,979 Due from other Prepaid assets 434, ,328 47,09 Inventories 407, ,948 Provision for retirement of LT Debt Total Other Assets 842, , ,057 TOTAL ASSETS 27,478,78 (72,32,772) 37,89,732,394,203 57,27 22,46,054 32, ,464,929 (8,85,94) 8,220,809 LIABILITIES AND FUND BALANCES LIABILITIES Accounts Payable,09,845 8,244,294 (,060) ,453 43,338 9,590,869 Retainage Payable Claims Payable Loan Payable 25,000, ,000,000 Accrued Vacation Liability Other Accrued Liabilities (99,78) , (2,458) (00) (99,225) Deposits and Escrow (,494,474) (,494,474) Due to other funds Unearned Revenue ,348,44 5,348,44 Deferred Tax Revenue 4,836,627-2,498, ,334,908 TOTAL LIABILITIES 40,828,69 8,244,294 2,497, , ,995 3,997,205 55,680,520 FUND BALANCES Nonspendable Inventories 365, ,599 Permanent Fund Principal (Fund 72) Total Nonspendable 365, ,599 Restricted for : Bonded Indebtedness Capital Projects Desegregation settlement programs Total Restricted Assigned to : School lunchroom Community Development Agency Adult education Total Assigned Unassigned 86,284,428 (80,377,066) 35,322,5,394,203 57,27 22,46,054 29, ,354,934 (2,82,399) 62,74,690 Total Fund Balances 86,650,027 (80,377,066) 35,322,5,394,203 57,27 22,46,054 29, ,354,934 (2,82,399) 62,540,289 TOTAL LIABILITIES AND FUND BALANCES 27,478,78 (72,32,772) 37,89,732,394,203 57,27 22,46,054 32, ,464,929 (8,85,94) 8,220,809

7 SLPS Monthly Financial Report 7 Statement of Revenues, Expenditures and Changes in Fund Balances - For The Month Ended December 3, 204 Fiscal Year 204/205 From Period 6 To Period 6 Capital Projects HVAC Prop S School Renovation Non-Major General Fund Teachers Fund Debt Service Building Vocation Ed Settlement 2009 QSCB BAB 20A 20 B Total (0,) (20,2) (60) (360,3) (32) (33) (909) (90) (92) (93) (94) (Non-Majors Tab) REVENUES Local Current Taxes 54,440,554 2,082,3 8,08, ,604,478 Delinquent Taxes,260,498-49, ,409,535 Interest on Investments 2,647-0, ,263 Other 20, ,646 7,05 Local Total 55,824,04 2,082,3 8,34, ,846 66,299,327 County -, ,825 State 687,3 3,286, ,983 3,978,789 Federal - 3, ,949,57 8,980,525 TOTAL REVENUES 56,5,27 5,4,639 8,34, ,005,346 79,270,465 EXPENDITURES Current : Instructional 2,350,979,723, ,986,24 7,060,968 Building Services,756,392 7, , ,795 -,82,797 Administration,990,55,657, ,543 3,755,763 Instructional Support 8, , ,99,47 2,995,098 Non-Instructional Support 694,554 2,3, ,928 3,092,458 Transportation 2,409, ,789 2,430,272 Food and Community Services 40, , ,450,695 2,855,64 Total Current Expenditures 0,53,5 6,948, , ,795 6,85,342 34,0,520 Capital Outlay 7, , (,53,707) 2,328 (,434,883) Debt Service Bond Principal Retirement 89, ,250 Bond Interest Expense Bond Issuance Costs Total Expenditures 0,260,27 6,948, , (,483,92) 6,872,670 32,665,887 Excess (Deficiency) Revenue - Expense 46,250,946 (,536,860) 8,34, (68,350) - - -,484,387 2,32,676 46,604,578 Other Financing Sources (Uses) Transfers In (38,89) (6,09) 200,000 - Transfers out Issuance of Bonds Payment to refunding escrow agent Premium on issuance of bonds Total Other Financing Sources (Uses) ,89 6,09 (200,000) - Net Change in Fund Balances 46,250,945 (,536,860) 8,34, (68,350) ,89,645,496,932,676 46,604,578 Fund Balances - Beginning of period 40,399,08 (68,840,206) 26,980,960,394,06 57,76 22,46,054 98, (38,89) 7,709,437 (4,745,075) 5,935,70 Fund Balances - End of Period 86,650,027 (80,377,066) 35,322,5,394,203 57,27 22,46,054 29, ,354,934 (2,82,399) 62,540,289