Date: June 18, 2015
To: Michael Green, Superintendent
Subject: May Financial/Enrollment Report
From: Stacy Brown, Director of Business Services
I have attached the 2014-15 Budget vs. Actual and Comparison to 2013-14 and Fund Budget Status reports for the month of May.
Revenues in May were almost $51,000 less than expected. I did not get the National School Lunch Claim completed in time to be included in the May apportionment. We will receive two months payments in June. Payroll was about $20,000 less than expected (last month was $79,000 less than expected). This is reasonable based upon the budgeted positions vs. actual positions, as well as the additional capacity added through budgeted benefits. This number has been getting closer to expected each month as we are paying for double teaching and administrative positions (staff on administrative leave and substitutes). Accounts payable was about $87,000 less than expected. Two years ago we had a $60,000 elections payment that we paid in May, as well as a fuel drop, which bumped the 3 year average. I reviewed all expenditures and the amounts paid do not look unusual.
The enrollment spreadsheets are attached, with summaries by headcount for September through June and a comparison of budgeted FTE to actual average FTE. Enrollment increased by about 5 FTE in May and then decreased 4 FTE in June. The average FTE is still almost 24 students above budget. Since June is the last count month, this is where we will end for the year.
Please let me know if you have any questions.