I have attached the power point presentation of the 17-18 end of year financial statements (in pptx and pdf), as well as the final sources and uses document (pages 1-2) and some detailed revenue and expenditure comparisons between years (pages 3-5). 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 the actual F-196 financial report, which is 68 pages long. The summary and most important documents to review are the 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 and the Schedule of Long-Term Debt. We finished the year, with a decrease to the fund balance of about $128,000. The budget included a decrease to the fund balance of approximately $92,000. Increased enrollment, taxes, local funds, transfer from CPF and large increases in unbudgeted and underbudgeted salaries, resulted in the final fund balance increase (as discussed in the power point presentation). Knowing about the underbudget of the certificated and classified additional time and subs, the 18-19 budget has almost twice as much capacity in these areas. Please review the documents and let me know if you have any questions, or just bring them to the meeting.
September, October, and November month-end budget status reports will be presented in December, along with projected revenues, expenditures and fund balance.
The enrollment spreadsheets are also attached (pages 6-8), with summaries by headcount for September through November and a comparison of budgeted FTE to actual average FTE. Enrollment decreased by 5 students and 5.51 FTE, making the November count 5.66 students below budget. The average FTE is 5.17 students less than budget. I will continue to keep you apprised each month and will let you know how this affects the district projections starting with November financial data in December.
Please let me know if you have any questions.