Date: November 20, 2015
To: Michael Green, Superintendent
Subject: November Financial/Enrollment Report
From: Stacy Brown, Director of Business Services
I have attached a printout of the power point presentation of the 14-15 end of year financial statements, as well as the final sources and uses document and some detailed revenue and expenditure comparisons between years. These documents will not be a part of the presentation, but I wanted to provide some additional detail. If you have questions, please bring them to the meeting and we can go over them.
I also attached a portion of the actual F-196 financial report. The entire document is 75 pages. If you would like to see the entire document please let me know and I will send it to you. I have included the following pages: Summary, Balance Sheet, Statement of Revenues, Expenditures and Changes in Fund Balance, Statement of Fiduciary Net Position (Trust Fund), Statement of Changes in Fiduciary Net Position (Trust Fund), Schedule of Long-Term Liabilities for General fund and Debt Service Fund, Report of Revenues and Other Financing Sources and the Program/Activity/Object Report. As you can see, we finished the year in a good financial position, increasing the fund balance by $54,000. Please review the documents and let me know if you have any questions, or just bring them to the meeting.
I will have the September, October and November financial reports during the second December board meeting. I will include projected revenues and expenditures beginning in January 2016.
The enrollment spreadsheets are attached, with summaries by headcount for November and a comparison of budgeted FTE to actual average FTE. We are down 15 heads and 18.50 FTE from October. However, the average FTE so far is 2,237.25 which is 102.25 greater than budget. I will continue to keep you apprised each month and will let you know how this affects the district projections starting in January.
Please let me know if you have any questions.