Date: June 22, 2016
To: Michael Green, Superintendent
Subject: June Financial/Enrollment Report
From: Stacy Brown, Director of Business Services
I have attached the 2015-16 Budget vs. Actual and Comparison to 2014-15 and all Fund Budget Status reports for the month of July. This month also includes two resolutions, both requesting the board to approve a transfer of General Fund money to the Capital Projects Fund. These resolutions must be approved as the requested transfers are in addition to the transfers approved as a part of the budget resolution. The first transfer is to cover a portion of the site purchase at 2280 Lewis River Road. The majority of the purchase will be made using impact fees, but we did not have enough to cover, so we must transfer from the General Fund. The second transfer is to pay Woodland’s portion of the KWRL roof replacement and parking lot paving.
Revenues were $78,000 greater than expected. Final apportionment and the transportation allocation together are approximately $600,000 greater than budgeted and July is a 10% apportionment month, so this accounts for about $60,000 of the difference.
Payroll was approximately $53,000 greater than expected. We have a couple of staff out on paid leave and we are also paying substitutes for these. Base certificated salaries are up about $11,000 and classified base salaries are up $15,000 since October. This accounts for the additional positions that we have hired that were not budgeted and why payroll was more than estimated.
Accounts payable was about $34,000 greater than expected. The technology department is spending down their 15-16 budget and purchased approximately $50,000 worth of equipment this month. I reviewed all expenditures and the amounts paid do not look unusual.
Please let me know if you have any questions.