june 2010 jeff wooten, ed.d. superintendent board members: don pendergrass, president mike elliott,...
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June 2010June 2010
Jeff Wooten, Ed.D. Jeff Wooten, Ed.D. Superintendent Superintendent
Board Members: Don Pendergrass, President Mike Elliott, Vice President Pam Doyle Farrell Southern Willis Thompson
Bank AccountsJune 2010
1.59 months
Total Beginning Bank Balance $2,971,930.74General Fund CD 1,000,000.00Revenues 1,730,916.85Extended Day Income 32,895.28Interest Income 3,531.68Total Income 1,767,343.81
ExpendituresTransferred to CD 0.00Accounts Payable 204,528.84Payroll 1,665,272.28Transfers out- to CNP 48,847.34Total Expenditures 1,918,648.46Ending Bank Balance 3,820,626.09Less Public School Fund 763,263.68Expendiable Money $3,057,362.41
General Fund-Bank $1,840,642.42 General Fund-CD $1,000,000.00
Special Funds $216,719.99 Total Expndiable Money $3,057,362.41
CHILD NUTRITION
Beginning Bank Balance $251,519.34Revenues 86,071.89Transfer in from Gen Fund 48,847.34Total Income
134,919.23Expenditures:Transferred to CDAccounts Payable 45,996.78Payroll 85,923.74Total Expenditures
131,920.52
Ending Bank Balance $254,518.05
NET RECEIPTS ANALYSIS
EDUCATION TRUST FUND
June
FISCAL YEAR 2010-2011
NET RECEIPTS ANALYSIS
June YEAR TO DATE
June June 2009 2010
2009 2010 CHANGE PERCENT GROSS GROSS CHANGE PERCENT
REVENUE SOURCE ACTUAL ACTUAL CHANGE YTD YTD CHANGE
UNCLASSIFIED 0.00 0.00 0.00 0.00% 0.00 0.00 0.00 0.00%
BEER TAX 1,978,429.35 1,992,828.49 14,399.14 0.73% 16,710,719.63 16,245,895.41 -464,824.22 -2.78%
HYDROELECTRIC TAX 0.00 0.00 0.00 0.00% 183,592.32 0.00 -183,592.32 -100.00%
INCOME TAX 303,821,462.14 121,875,167.51 -181,946,294.63 -59.89% 2,421,471,450.28 2,132,384,123.42 -289,087,326.86 -11.94%
INSURANCE PREMIUM TAX 0.00 -75,067.71 -75,067.71 0.00% 30,970,421.58 30,804,780.80 -165,640.78 -0.53%
MOBILE TELCOM 2,985,808.49 4,547,947.42 1,562,138.93 52.32% 27,671,682.51 29,279,897.58 1,608,215.07 5.81%
SALES TAX 134,755,823.22 153,185,729.29 18,429,906.07 13.68% 1,100,685,012.96 1,158,473,079.93 57,788,066.97 5.25%
STORE LICENSES 3,454.70 2,798.82 -655.88 -18.99% 184,510.44 -62,051.95 -246,562.39 -133.63%
USE TAX 19,957,269.75 18,890,214.75 -1,067,055.00 -5.35% 181,498,219.67 173,225,804.61 -8,272,415.06 -4.56%
UTILITY TAX 40,005,383.89 20,991,602.88 -19,013,781.01 -47.53% 306,765,569.80 301,956,423.95 -4,809,145.85 -1.57%
SUB-TOTALS 503,507,631.54 321,411,221.45 -182,096,410.09 -36.17% 4,086,141,179.19 3,842,307,953.75 -243,833,225.44 -5.97%
MISC TRANS & REV 3,769.43 6,274.17 2,504.74 66.45% 222,504,424.48 583,480.30 -221,920,944.18 -99.74%
GRAND TOTALS 503,511,400.97 321,417,495.62 -182,093,905.35 -36.16% 4,308,645,603.67 3,842,891,434.05 -465,754,169.62 -10.81%
General Fund Comparison of Budget and Actual
June 2010
State and Local Revenues
ActualBudget To the good
REVENUES BUDGET ACTUAL DIFFERENCE STATE $9,877,422 $9,892,333 $14,911 FEDERAL $600 $774 $174 LOCAL $5,707,478 $5,604,932 -$102,546 OTHER $239,917 $327,906 $87,989 TOTAL REVENUES $15,825,417 $15,825,945 $528 EXPENDITURES
INSTRUCTIONAL SERVICES $9,615,962 $9,346,431 -$269,531
INSTRUCTIONAL SUPPORT $2,804,690 $2,716,858 -$87,832
OPERATIONS & MAINTENANCE $1,329,616 $1,229,764 -$99,852
AUXILIARY SERVICES $123,189 $154,950 $31,761
GENERAL ADMINISTRATIVE $812,550 $815,025 $2,475
CAPITAL OUTLAY $0 $0 OTHER $608,259 $590,101 -$18,158 TOTAL EXPENDITURES $15,294,266 $14,853,129 -$441,137 EXCESS REVENUE OVER (UNDER EXPENDITURES) $531,151 $972,816 $441,665
General Fund Revenues and Expenditures By Function CodeJune 2010
Revenues$15,825,945
Expenditures$14,853,129
Local Revenue ComparisonJune 2010 – June 2009
June 2010 June 2009 Difference
4 Mill Property Tax $671,289 $617,043 $54,246
County Sales Tax $684,210 $753,918 -$69,708
County Alcohol Bev Tax $29,135 $30,765 -$1,630
3 Mill Property Tax $442,535 $426,264 $16,271
13 Mill Property Tax $1,917,652 $1,831,842 $85,810
District Alcohol Bev Tax $34,079 $32,539 $1,540
City Council $945,000 $945,000 $0
TVA $601,113 $578,828 $22,285
Total $5,325,013 $5,216,198 $108,815
General Fund Expenditures By Object CodeJune 2010
$14,853,129 $12,848,047 Payroll Expense$ 438,958 Transfer out to CNP for Benefits$ 1,566,124 Operational Expenses
School Systems Match
752.00 Insurance per employee per month12.51 Retirement 7.65 Medicare and Social Security .07 Unemployment 20.23 Per every dollar earned
Total BudgetComparison of Budget and Actual
June 2010
General, Federal, CNP,Principal Accounts & Capital
Budget Actual To the good
REVENUES BUDGET ACTUALDIFFEREN
CE
STATE$10,464,08
0$10,572,7
13 $108,633
FEDERAL $2,297,522$2,199,72
7 -$97,795
LOCAL $8,141,433$7,744,02
7 -$397,406
OTHER $1,913,969$2,039,82
1 $125,852
TOTAL REVENUES $22,817,00
5 $22,556,2
88 -$260,717 EXPENDITURES
INSTRUCTIONAL SERVICES
$11,342,573
$10,811,760 -$530,813
INSTRUCTIONAL SUPPORT $3,241,024
$3,091,337 -$149,687
OPERATIONS & MAINTENANCE $2,355,974
$1,929,475 -$426,499
AUXILIARY SERVICES $1,650,992
$1,764,230 $113,238
GENERAL ADMINISTRATIVE $870,798 $856,104 -$14,694
CAPITAL OUTLAY $1,370,121$1,107,31
5 -$262,806
OTHER $1,187,518$1,159,36
1 -$28,157
TOTAL EXPENDITURES $22,019,00
0 $20,719,5
82
-$1,299,41
8 EXCESS REVENUE OVER
(UNDER EXPENDITURES) $798,005$1,836,70
6$1,038,70
1
Total Funds Revenues and Expenditures By Function Code
June 2010
Revenues$22,556,288
Expenditures$20,719,582