the schoolboard ofbrevard county, florida ...eagendatoc.brevardschools.org/04-17-2018 school board...

THE SCHOOLBOARD OF BREVARD COUNTY, FLORIDA

FINANCIALSTATEMENTS

FOR THE PERIOD ENDING FEBRUARY 28, 2018

Fund

Beginning

Balance

2017 - 2018

Revenues

2017 - 2018

Expenditures

2017 - 2018

Income/(Loss)

Ending

Balance

General Fund $57,638,303 $422,472,404 $329,860,157 $92,612,247 $150,250,550

Special Revenue Funds:

Food Service 14,357,056 16,951,516 21,122,693 (4,171,177) 10,185,879

Other - Grants 0 29,334,191 29,334,191 0 0

Total Special Revenue 14,357,056 46,285,707 50,456,884 (4,171,177) 10,185,879

Debt Service Funds 4,050,910 9,473,898 9,445,026 28,872 4,079,781

Capital Projects Funds 107,327,417 76,031,436 58,767,121 17,264,315 124,591,732

Enterprise Funds (2,243,265) 5,183,777 3,710,695 1,473,082 (770,183)

Net Pension Liability Adj 503,470 0 0 0 503,470

Adjusted Enterprise Funds (1,739,795) 5,183,777 3,710,695 1,473,082 (266,713)

(Brevard After School)

Internal Service Funds 23,058,816 43,018,649 50,001,327 (6,982,678) 16,076,138

(Self-Insurance)

Grand Totals $204,692,706 $602,465,871 $502,241,210 $100,224,661 $304,917,367

Brevard County School Board

Monthly Financial Report Summary

For Period Ending February 28, 2018

1

($50,000,000)

$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

$300,000,000

$350,000,000

$400,000,000

$450,000,000

General Fund Food Service Other - Grants Debt Service Funds Capital ProjectsFunds

Enterprise Funds Internal ServiceFunds

Monthly Financial Report Summary

Revenues

Expenditures

EndingBalance

2

Account General

Special

Revenue

Debt

Service

Capital

Projects Enterprise Internal Service Totals

Assets:

Cash $48,998,675 $5,630,768 ($4,601) $19,848,474 $2,278,080 $4,300,356 $81,051,752

Cash and Investments with trustee 0 0 4,090,625 5,101,106 0 0 9,191,731

Investments 111,897,914 0 0 97,923,383 0 27,724,537 237,545,835

Accounts & Interest Receivable 72,378 0 0 137,621 0 78,189 288,188

Due from Other Agencies 0 29,334,810 0 2,127,875 0 0 31,462,685

Inventory 597,590 1,787,643 0 0 0 0 2,385,233

Fixed Assets:

Improvements Other Than Buildings 0 0 0 0 126,903 0 126,903

Accumulated Depreciation 0 0 0 0 (84,296) 0 (84,296)

Buildings and Fixed Equipment 0 0 0 0 48,268 418,774 467,042

Accumulated Depreciation 0 0 0 0 (35,542) (8,375) (43,918)

Furniture, Fixtures and Equipment 0 0 0 0 556,545 0 556,545


Motor Vehicles 0 0 0 0 13,881 0 13,881


Construction in Progress 0 0 0 0 0 922,476 922,476

Audio Visual Materials & Computer Software 0 0 0 0 26,397 0 26,397

Computer Software 0 0 0 0 (13,321) 0 (13,321)


Total Assets 161,566,558 36,753,221 4,086,023 125,138,460 2,338,469 33,435,958 363,318,688

Deferred Outflows 0 0 0 0 1,348,588 0 1,348,588

Total Assets and Deferred Outflows $161,566,558 $36,753,221 $4,086,023 $125,138,460 $3,687,057 $33,435,958 $364,667,276


Combined Balance Sheet - All Fund Types and Account Groups

For Period ending February 28, 2018

Governmental Fund Types Proprietary Funds

3

Account General

Special

Revenue

Debt

Service

Capital

Projects Enterprise Internal Service Totals

Liabilities & Fund Equity

Liabilities:

Salaries and Wages Payable $3,742,045 $0 $0 $0 $0 $0 $3,742,045

Payroll Deductions and Withholdings 3,346,862 0 0 0 0 0 3,346,862

Accounts Payable 3,516,727 465,732 0 546,593 15,064 4,766 4,548,883

Due to Other Agencies 0 908 6,242 135 0 0 7,285

Deferred Revenue 710,373 26,100,702 0 0 0 0 26,811,074

Estimated Unpaid Claims 0 0 0 0 0 17,355,054 17,355,054

Liability for Compensated Absences 0 0 0 0 236,682 0 236,682

Other Post Employment Benefits 0 0 0 0 3,610,478 0 3,610,478

Pensions 0 0 0 0 91,546 0 91,546

Total Liabilities 11,316,007 26,567,342 6,242 546,728 3,953,770 17,359,820 59,749,909

Fund Equity

Fund Balances:

Non-Spendable 597,590 1,787,643 0 0 0 0 2,385,233

Restricted 4,753,661 8,398,237 4,079,781 124,591,732 (266,713) 16,076,138 157,632,835

Assigned 118,236,647 0 0 0 0 0 118,236,647

Unassigned 26,662,652 0 0 0 0 0 26,662,652

Total Fund Equity 150,250,550 10,185,879 4,079,781 124,591,732 (266,713) 16,076,138 304,917,367Total Liabilities, Deferred Inflows

and Fund Equity $161,566,558 $36,753,221 $4,086,023 $125,138,460 $3,687,057 $33,435,958 $364,667,276


Combined Balance Sheet - All Fund Types and Account Groups

For Period ending February 28, 2018

Governmental Fund Types Proprietary Funds

4

Revenues

Federal Direct $694,794 $694,794 $0 $365,672 $329,122 47.37%

Federal Through State 1,889,592 1,889,592 0 90,429 1,799,163 95.21%

State Sources 349,210,679 336,294,802 0 237,025,972 99,268,830 29.52%

Local Sources 196,369,321 199,594,463 0 178,187,617 21,406,846 10.73%

Transfers In 13,706,676 13,706,676 0 6,728,180 6,978,496 50.91%

Loss Recovery 0 0 0 74,533 (74,533) 0.00%

Total Revenues 561,871,062 552,180,327 0 422,472,404 129,707,923 23.49%

Expenses

Instruction 373,628,572 376,659,346 119,750,219 213,005,109 43,904,018 11.66%

Pupil Personnel Services 19,087,334 19,739,177 7,794,479 11,126,970 817,728 4.14%

Instructional Media 7,149,293 7,391,914 2,879,942 4,396,732 115,241 1.56%

Instr & Curr Dev 14,043,071 15,323,633 5,267,624 8,844,243 1,211,765 7.91%

Instr Staff Training 1,686,837 3,132,541 553,560 1,235,130 1,343,851 42.90%

Instr Related Tech 8,468,959 9,370,648 2,706,199 5,940,241 724,208 7.73%

School Board 1,165,181 1,280,289 227,375 836,674 216,240 16.89%

General Admin 1,207,482 1,209,184 367,334 831,532 10,317 0.85%

School Admin 36,938,248 37,956,398 12,747,151 25,715,762 (506,515) -1.33%

Facilities Construction 910,177 5,611,016 1,485,802 2,110,828 2,014,387 35.90%

Fiscal Services 2,997,018 3,062,884 908,597 1,945,678 208,609 6.81%

Food Services 106,246 190,915 0 336,839 (145,924) -76.43%

Central Services 6,329,317 7,023,425 1,998,894 4,522,129 502,401 7.15%

Pupil Transportation 17,954,884 18,052,500 4,938,675 11,282,367 1,831,459 10.15%

Operation of Plant 44,842,897 46,525,429 7,497,569 25,617,502 13,410,358 28.82%

Maintenance of Plant 14,340,769 15,049,589 4,506,010 9,522,927 1,020,651 6.78%

Admin Technology 4,074,548 4,290,433 1,021,191 2,308,619 960,623 22.39%

Community Services 157,947 408,626 28,662 280,875 99,089 24.25%

Total Expenses 555,088,779 572,277,946 174,679,282 329,860,157 67,738,507 11.84%

Excess (Deficit) of Revenues 6,782,283 (20,097,619) 92,612,247

Beginning Fund Balance 57,638,303 57,638,303 57,638,303

Ending Fund Balance $64,420,586 $37,540,684 $150,250,550


General Fund 2017/2018

As of February 28, 2018

Adopted

Budget

Amended

Budget Obligated Actuals

Available

Budget

% of Budget

Remaining

5

Revenues

Federal Direct $694,794 $365,672 ($329,122) 52.63% $339,248 $26,424 7.79%

Federal Through State 1,889,592 90,429 (1,799,163) 4.79% 77,178 13,252 17.17%

State Sources 336,294,802 237,025,972 (99,268,830) 70.48% 227,351,917 9,674,055 4.26%

Local Sources 199,594,463 178,187,617 (21,406,846) 89.27% 171,492,162 6,695,455 3.90%

Transfers In 13,706,676 6,728,180 (6,978,496) 49.09% 0 6,728,180 0.00%

Loss Recovery 0 74,533 74,533 0.00% 96,117 (21,584) -22.46%

Total Revenues 552,180,327 422,472,404 (129,707,923) 76.51% 399,356,622 23,115,782 5.79%

Expenses

Instruction 376,659,346 213,005,109 163,654,237 56.55% 203,336,752 9,668,357 4.75%

Pupil Personnel Services 19,739,177 11,126,970 8,612,207 56.37% 11,322,378 (195,408) -1.73%

Instructional Media 7,391,914 4,396,732 2,995,182 59.48% 4,287,291 109,440 2.55%

Instr & Curr Dev 15,323,633 8,844,243 6,479,390 57.72% 8,461,758 382,484 4.52%

Instr Staff Training 3,132,541 1,235,130 1,897,411 39.43% 1,369,285 (134,155) -9.80%

Instr Related Tech 9,370,648 5,940,241 3,430,407 63.39% 5,622,193 318,048 5.66%

School Board 1,280,289 836,674 443,615 65.35% 738,634 98,039 13.27%

General Admin 1,209,184 831,532 377,651 68.77% 701,755 129,778 18.49%

School Admin 37,956,398 25,715,762 12,240,636 67.75% 24,625,175 1,090,587 4.43%

Facilities Construction 5,611,016 2,110,828 3,500,189 37.62% 765,576 1,345,252 175.72%

Fiscal Services 3,062,884 1,945,678 1,117,206 63.52% 1,773,635 172,044 9.70%

Food Services 190,915 336,839 (145,924) 176.43% 139,608 197,230 141.27%

Central Services 7,023,425 4,522,129 2,501,295 64.39% 4,374,736 147,394 3.37%

Pupil Transportation 18,052,500 11,282,367 6,770,134 62.50% 11,147,622 134,745 1.21%

Operation of Plant 46,525,429 25,617,502 20,907,928 55.06% 25,403,844 213,657 0.84%

Maintenance of Plant 15,049,589 9,522,927 5,526,662 63.28% 6,799,633 2,723,295 40.05%

Admin Technology 4,290,433 2,308,619 1,981,813 53.81% 2,713,636 (405,016) -14.93%

Community Services 408,626 280,875 127,751 68.74% 200,366 80,509 40.18%

Total Expenses 572,277,946 329,860,157 242,417,790 57.64% 313,783,877 16,076,279 5.12%

Excess (Deficit) of Revenues (20,097,619) 92,612,247 112,709,866 -460.81% 85,572,745 7,039,503 8.23%

Beginning Fund Balance 57,638,303 57,638,303 0 100.00% 48,235,885 9,402,417 19.49%

Ending Fund Balance $37,540,684 $150,250,550 $112,709,866 400.23% $133,808,630 $16,441,920 12.29%

NOTE: A RED Variance / Change notes a negative impact to the District; a BLACK Variance / Change notes a positive impact to the District


General Fund 2017/2018 Compared to 2016/2017

Amended

Budget

February

2018

Favorable/

(Unfavorable)

Variance % Change

February

2017 Change % Change

6

$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

$300,000,000

$350,000,000

Federal Direct Federal ThroughState

State Sources Local Sources Transfers In Loss Recovery

General Fund Revenues - Budget vs Actual

Budget

Actual

7

Instruction, 213,005,109

Pupil Personnel Services, 11,126,970

Instructional Media, 4,396,732

Instr & Curr Dev, 8,844,243

Instr Staff Training, 1,235,130

Instr Related Tech, 5,940,241

School Board, 836,674

General Admin, 831,532

School Admin, 25,715,762

Facilities Construction, 2,110,828

Fiscal, 1,945,678

Food Services, 336,839

Central Services, 4,522,129

Pupil Transportation, 11,282,367

Operation of Plant, 25,617,502

Maintenance of Plant, 9,522,927

Admin Technology, 2,308,619

Community Services, 280,875

Expenditures by Function - General Fund

8

Instruction $376,659,346 $213,005,109 $129,942,808 $36,429,846 $34,721,414 $0 $9,293,142 $1,647,445 $970,455

Pupil Personnel Services 19,739,177 11,126,970 7,422,711 2,026,063 1,565,146 0 102,415 8,421 2,215

Instructional Media 7,391,914 4,396,732 3,162,271 961,696 100,930 0 39,068 130,024 2,742

Instr & Curr Dev 15,323,633 8,844,243 6,637,662 1,777,239 290,601 0 17,213 70,446 51,082

Instr Staff Training 3,132,541 1,235,130 749,403 149,352 226,966 0 42,539 10,760 56,109

Instr Related Tech 9,370,648 5,940,241 4,029,880 1,074,156 835,964 0 113 128 0

School Board 1,280,289 836,674 303,104 204,211 299,782 0 289 1,109 28,178

General Admin 1,209,184 831,532 444,856 138,903 174,461 0 5,874 4,560 62,878

School Admin 37,956,398 25,715,762 19,453,476 6,008,184 107,022 0 60,194 78,942 7,944

Facilities Construction 5,611,016 2,110,828 427,212 113,507 25,566 0 9,214 1,531,306 4,022

Fiscal Services 3,062,884 1,945,678 1,330,891 376,301 202,861 0 4,513 3,912 27,201

Food Services 190,915 336,839 297,793 37,632 0 0 1,413 0 0

Central Services 7,023,425 4,522,129 2,759,082 795,102 577,620 0 188,854 30,906 170,565

Pupil Transportation 18,052,500 11,282,367 6,657,954 2,489,460 393,749 1,001,150 714,105 16,287 9,662

Operation of Plant 46,525,429 25,617,502 10,988,844 4,078,209 2,911,256 6,873,340 647,073 107,469 11,310

Maintenance of Plant 15,049,589 9,522,927 4,113,080 1,278,784 1,798,639 279,154 1,775,242 264,723 13,306

Admin Technology 4,290,433 2,308,619 1,505,769 398,019 353,635 0 11,484 38,388 1,325

Community Services 408,626 280,875 120,500 21,128 110,258 0 11,018 0 17,970

Totals 572,277,946 329,860,157 200,347,296 58,357,791 44,695,872 8,153,645 12,923,764 3,944,826 1,436,964

Percentage of Total Expense 60.74% 17.69% 13.55% 2.47% 3.92% 1.20% 0.44%

Budget by Object $572,277,946 $334,305,959 $99,539,941 $80,815,775 $15,447,086 $26,094,567 $12,007,471 $4,067,148

Percent of Total Budget 58.42% 17.39% 14.12% 2.70% 4.56% 2.10% 0.71%


General Fund Expenditures Detail

For Period Ending February 28, 2018

Classification of Expenses

Amended

Budget

January

2018 Salaries

Employee

Benefits

Purchased

Services

Energy

Services

Materials

& Supplies

Capital

Outlay

Other

Expenses

9

Salaries, 200,347,296

EmployeeBenefits, 58,357,791

PurchasedServices, 44,695,872

Energy Services, 8,153,645

Materials& Supplies, 12,923,764

CapitalOutlay, 3,944,826

Other Expenses, 1,436,964

Expenditures By Classification - General Fund

10

Instruction, $166,372,654

Pupil Personnel Services, $9,448,774

Instructional Media, $4,123,967

Instr & Curr Dev, $8,414,901

Instr Staff Training, $898,755

Instr Related Tech, $5,104,036

School Board, $507,315

General Admin, $583,759

School Admin, $25,461,660

Facilities Construction, $540,719

Fiscal, $1,707,192

Food Services, $335,426

Central Services, $3,554,184

Pupil Transportation, $9,147,414

Operation of Plant, $15,067,053

Maintenance of Plant, $5,391,864 Admin Technology, $1,903,788 Community Services, $141,628

Salaries and Benefits by Function - General Fund

11

Revenues

Federal Direct $7,586,088 $7,586,088 $0 $4,799,432 $2,786,656 36.73%

Federal Through State 74,842,147 74,842,147 0 35,342,345 39,499,802 52.78%

State Sources 1,207,697 1,207,697 0 844,976 362,721 30.03%

Local Sources 9,297,443 9,297,443 0 5,298,954 3,998,489 43.01%

Total Revenues 92,933,375 92,933,375 0 46,285,707 46,647,668 50.19%

Expenses

Instruction 27,872,218 27,872,218 7,061,884 13,550,608 7,259,726 26.05%

Pupil Personnel Services 6,424,181 6,424,181 2,066,051 3,280,976 1,077,154 16.77%

Instructional Media Services 465 465 0 10,471 (10,006) -2151.80%

Instructional & Curriculum Development 13,088,323 13,088,323 4,456,943 7,197,797 1,433,583 10.95%

Instructional Staff Training 5,221,489 5,221,489 614,222 1,555,195 3,052,072 58.45%

Instructional Technology 767,282 767,282 155,975 1,201,464 (590,157) -76.92%

Board of Education 16,670 16,670 0 0 16,670 100.00%

General Administration 2,155,101 2,155,101 1,500 1,103,485 1,050,116 48.73%

School Administration 128,169 128,169 3,933 41,672 82,564 64.42%

Facilities Acquisition & Construction 0 0 55,312 656,816 (712,128) 0.00%

Fiscal Services 38,113 38,113 31,104 58,738 (51,729) -135.73%

Food Services 31,191,892 31,191,892 4,291,554 20,325,572 6,574,766 21.08%

Central Services 26,236 26,236 9,240 7,152 9,844 37.52%

Pupil Transportation Services 314,667 314,667 8,933 53,611 252,123 80.12%

Operation of Plant 121,018 121,018 29,310 85,919 5,789 4.78%

Maintenance of Plant 16,151 16,151 0 972 15,179 93.98%

Administrative Technology Services 3,495 3,495 93,570 188,957 (279,032) -7983.76%

Community Services 1,087,732 1,087,732 215,522 537,479 334,731 30.77%

Capital Outlay 4,809,045 4,809,045 0 0 4,809,045 100.00%

Transfers Out 750,000 750,000 0 599,998 150,002 20.00%

Total Expenses 94,032,247 94,032,247 19,095,052 50,456,884 24,480,311 26.03%

Excess (Deficit) of Revenues (1,098,872) (1,098,872) (4,171,177)




Special Revenue Fund 2017/2018


Adopted

Budget

Amended


Available

Budget

% of Budget

Remaining

12

Revenues

Federal Direct $7,586,088 $4,799,432 ($2,786,656) 63.27% $5,169,767 ($370,335) -7.16%

Federal Through State 74,842,147 35,342,345 (39,499,802) 47.22% 33,907,212 1,435,132 4.23%

State Sources 1,207,697 844,976 (362,721) 69.97% 199,839 645,137 322.83%

Local Sources 9,297,443 5,298,954 (3,998,489) 56.99% 6,124,965 (826,011) -13.49%

Total Revenues 92,933,375 46,285,707 (46,647,668) 49.81% 45,401,783 883,923 1.95%

Expenses

Instruction 27,872,218 13,550,608 14,321,610 48.62% 13,578,179 (27,571) -0.20%

Pupil Personnel Services 6,424,181 3,280,976 3,143,205 51.07% 3,333,554 (52,578) -1.58%

Instructional Media 465 10,471 (10,006) 2251.80% 99,651 (89,180) -89.49%

Instr & Curr Dev 13,088,323 7,197,797 5,890,526 54.99% 6,712,683 485,115 7.23%

Instr Staff Training 5,221,489 1,555,195 3,666,294 29.78% 2,121,897 (566,702) -26.71%

Instr Related Tech 767,282 1,201,464 (434,182) 156.59% 718,456 483,008 67.23%

School Board 16,670 0 16,670 0.00% 676 (676) -100.00%

General Admin 2,155,101 1,103,485 1,051,616 51.20% 1,052,538 50,947 4.84%

School Admin 128,169 41,672 86,497 32.51% 133,658 (91,986) -68.82%

Facilities Construction 0 656,816 (656,816) 0.00% 215,377 441,439 204.96%

Fiscal Services 38,113 58,738 (20,625) 154.12% 59,385 (646) -1.09%

Food Services 31,191,892 20,325,572 10,866,320 65.16% 18,642,276 1,683,295 9.03%

Central Services 26,236 7,152 19,084 27.26% 6,799 354 5.20%

Pupil Transportation 314,667 53,611 261,056 17.04% 28,629 24,982 87.26%

Operation of Plant 121,018 85,919 35,099 71.00% 55,313 30,606 55.33%

Maintenance of Plant 16,151 972 15,179 6.02% 0 972 0.00%

Admin Technology 3,495 188,957 (185,462) 5406.49% 202,899 (13,942) -6.87%

Community Services 1,087,732 537,479 550,253 49.41% 704,668 (167,189) -23.73%

Capital Outlay 4,809,045 0 4,809,045 0.00% 0 0 0.00%

Transfers Out 750,000 599,998 150,002 80.00% 245,000 354,998 144.90%

Total Expenses 94,032,247 50,456,884 43,575,363 53.66% 47,911,639 2,545,244 5.31%

Excess (Deficit) of Revenues (1,098,872) (4,171,177) (3,072,305) 379.59% (2,509,856) (1,661,321) 66.19%

Beginning Fund Balance 14,357,056 14,357,056 0 100.00% 13,761,356 595,700 4.33%

Ending Fund Balance $13,258,184 $10,185,879 ($3,072,305) 76.83% $11,251,500 ($1,065,621) -9.47%NOTE: A RED Variance / Change notes a negative impact to the District; a BLACK Variance / Change notes a positive impact to the District


Special Revenue Fund 2017/2018 Compared to 2016/2017

Amended

Budget

February

2018

Favorable/

(Unfavorable)

Variance % Change

February


13

$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

Federal Direct Federal Through State State Sources Local Sources

Special Revenue - Budget vs Actual

Budget Actual

14

Instruction, 13,550,608

Pupil Personnel Services, 3,280,976

Instructional Media Services, 10,471

Instructional & Curriculum Development, 7,197,797

Instructional Staff Training, 1,555,195

Instructional Technology, 1,201,464

Board of Education, 0

General Administration, 1,103,485

School Administration, 41,672

Facilities Acquisition & Construction, 656,816

Fiscal Services, 58,738

Food Services, 20,325,572

Central Services, 7,152

Pupil Transportation Services, 53,611

Operation of Plant, 85,919

Maintenance of Plant, 972 Administrative Technology

Services, 188,957

Community Services, 537,479

Capital Outlay, 0

Transfers Out, 599,998

Special Revenue Expenses by Function

15

Revenues

State Sources $787,465 $787,465 $0 $0 $787,465 100.00%

Local Sources 144,000 144,000 0 93,741 50,259 34.90%

Transfers In 35,358,359 35,358,359 0 9,380,156 25,978,203 73.47%

Total Revenues 36,289,824 36,289,824 0 9,473,898 26,815,926 73.89%

Expenses

Debt Service 36,146,756 36,146,756 40,603 9,445,026 26,661,127 73.76%

Total Expenses 36,146,756 36,146,756 40,603 9,445,026 26,661,127 73.76%

Excess (Deficit) of Revenues 143,068 143,068 28,872




Debt Service 2017/2018


Adopted

Budget

Amended


Available

Budget

% of Budget

Remaining

16

Revenues

State Sources $787,465 $0 ($787,465) 0.00% $0 $0 0.00%

Local Sources 144,000 93,741 (50,259) 65.10% 32,970 60,772 184.32%

Transfers In 35,358,359 9,380,156 (25,978,203) 26.53% 10,082,270 (702,114) -6.96%

Total Revenues 36,289,824 9,473,898 (26,815,926) 26.11% 10,115,240 (641,342) -6.34%

Expenses

Debt Service 36,146,756 9,445,026 26,701,730 26.13% 10,082,273 (637,247) -6.32%

Total Expenses 36,146,756 9,445,026 26,701,730 26.13% 10,082,273 (637,247) -6.32%

Excess (Deficit) of Revenues 143,068 28,872 (114,197) 20.18% 32,967 (4,095) -12.42%

Beginning Fund Balance 4,050,910 4,050,910 (0) 100.00% 3,929,920 120,990 3.08%

Ending Fund Balance $4,193,978 $4,079,781 ($114,197) 97.28% $3,962,886 $116,895 2.95%NOTE: A RED Variance / Change notes a negative impact to the District; a BLACK Variance / Change notes a positive impact to the District


Debt Service 2017/2018 Compared to 2016/2017

Amended

Budget

February

2018

Favorable/

(Unfavorable)

Variance % Change

February


17

Revenues

State Sources $4,687,118 $4,687,118 $0 $1,840,172 $2,846,946 60.74%

Local Sources 107,409,077 107,409,077 0 73,591,266 33,817,811 31.49%

Transfer In 750,000 750,000 0 599,998 150,002 20.00%

Total Revenues 112,846,195 112,846,195 0 76,031,436 36,814,759 32.62%

Expenses

Facilities Construction 98,759,123 98,759,123 18,524,261 38,676,996 41,557,867 42.08%

Fiscal Services 0 0 32,867 6,115 (38,982) 0.00%

Student Transportation Services 0 0 4,712,713 3,975,674 (8,688,387) 0.00%

Transfers Out 46,766,094 46,766,094 0 16,108,336 30,657,758 65.56%

Total Expenses 145,525,217 145,525,217 23,269,841 58,767,121 63,488,254 43.63%

Excess (Deficit) of Revenues (32,679,022) (32,679,022) 17,264,315




Capital Projects 2017/2018


% of Budget

Remaining

Adopted

Budget

Amended


Available

Budget

18

Revenues

State Sources $4,687,118 $1,840,172 ($2,846,946) 39.26% $2,616,664 ($776,492) -29.67%

Local Sources 107,409,077 73,591,266 (33,817,811) 68.51% 69,848,105 3,743,161 5.36%

Transfers In 750,000 599,998 (150,002) 80.00% 245,000 354,998 144.90%

Total Revenues 112,846,195 76,031,436 (36,814,759) 67.38% 72,709,769 3,321,667 4.57%

Expenses

Facilities Construction 98,759,123 38,676,996 60,082,127 39.16% 22,157,040 16,519,955 74.56%

Fiscal Services 0 6,115 (6,115) 0.00% 4,768 1,347 28.25%

Student Transportation Services 0 3,975,674 (3,975,674) 0.00% 2,084,186 1,891,488 90.75%

Transfers Out 46,766,094 16,108,336 30,657,758 34.44% 10,082,270 6,026,066 59.77%

Total Expenses 145,525,217 58,767,121 86,758,096 40.38% 34,328,265 24,438,856 71.19%

Excess (Deficit) of Revenues (32,679,022) 17,264,315 49,943,337 -52.83% 38,381,504 (21,117,190) -55.02%

Beginning Fund Balance 107,327,417 107,327,417 0 100.00% 91,262,445 16,064,972 17.60%

Ending Fund Balance $74,648,395 $124,591,732 $49,943,337 166.90% $129,643,949 ($5,052,217) -3.90%



Capital Projects Fund 2017/2018 Compared to 2016/2017

Amended

Budget

February

2018

Favorable/

(Unfavorable)

Variance % Change

February


19

$0

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

State Sources Local Sources Transfer In

Capital Projects Revenue - Budget vs Actual

Budget

Actual

20

Facilities Construction, 38,676,996

Fiscal Services, 6,115

Student Transportation Services, 3,975,674

Transfers Out, 16,108,336

Capital Projects Expenses by Function

21

Revenues

Local Sources $6,800,000 $6,800,000 $0 $5,183,777 $1,616,223 23.77%

Total Revenues 6,800,000 6,800,000 0 5,183,777 1,616,223 23.77%

Expenses

Instructional 0 0 140 7,009 (7,149) 0.00%

Instructional Media 0 0 0 199 (199) 0.00%

Instruct/Curriculum 0 0 70,451 41,525 (111,976) 0.00%

Instructional Staff Training 0 0 0 3,447 (3,447) 0.00%

School Admin 0 0 0 401 (401) 0.00%

Facilities Acquisition 0 0 11,700 0 (11,700) 0.00%

Central Services 0 0 6,562 12,777 (19,339) 0.00%

Operation of Plant 0 0 0 2,161 (2,161) 0.00%

Community Services 5,945,370 5,945,370 1,796,240 3,643,177 505,953 8.51%

Transfers Out 2,299,035 2,299,035 0 0 2,299,035 100.00%

Total Expenses 8,244,405 8,244,405 1,885,093 3,710,695 2,648,617 32.13%

Excess (Deficit) of Revenues (1,444,405) (1,444,405) 1,473,082

Beginning Fund Balance (2,243,265) (2,243,265) (2,243,265)

Net Pension Liability Adj 0 503,470 503,470

Adjusted Beginning Fund Balance (2,243,265) (1,739,795) (1,739,795)

Ending Fund Balance ($3,687,670) ($3,184,200) ($266,713)


Brevard After School Fund 2017/2018


Adopted

Budget

Amended


Available

Budget

% of Budget

Remaining

22

Revenues

Local Sources $6,800,000 $5,183,777 ($1,616,223) 76.23% $5,014,655 $169,122 3.37%

Total Revenues 6,800,000 5,183,777 (1,616,223) 76.23% 5,014,655 169,122 3.37%

Expenses

Instructional 0 7,009 (7,009) 0.00% 983 6,026 612.99%

Instructional Media 0 199 (199) 0.00% 0 199 0.00%

Instruct/Curriculum 0 41,525 (41,525) 0.00% 39,829 1,696 4.26%

Instructional Staff Training 0 3,447 (3,447) 0.00% 458 2,989 652.62%

School Admin 0 401 (401) 0.00% 1,600 (1,199) -74.93%

Facilities Acquisition 0 0 0 0.00% 3,291 (3,291) -100.00%

Central Services 0 12,777 (12,777) 0.00% 12,768 8 0.07%

Operation of Plant 0 2,161 (2,161) 0.00% 3,877 (1,715) -44.25%

Community Services 5,945,370 3,643,177 2,302,193 61.28% 3,355,432 287,745 8.58%

Transfers Out 2,299,035 0 2,299,035 0.00% 0 0 0.00%

Total Expenses 8,244,405 3,710,695 4,533,710 45.01% 3,418,237 292,458 8.56%

Excess (Deficit) of Revenues (1,444,405) 1,473,082 2,917,487 -101.99% 1,596,418 (123,336) -7.73%

Beginning Fund Balance (2,243,265) (2,243,265) (0) 100.00% (1,075,113) (1,168,152) 108.65%

Net Pension Liability Adj 503,470 503,470 0 100.00%

Adjusted Beginning Fund Balance (1,739,795) (1,739,795) 0 100.00%

Ending Fund Balance ($3,184,200) ($266,713) $2,917,487 8.38% $521,305 ($788,018) -151.16%



Brevard After School 2017/2018 Compared to 2016/2017

Amended

Budget

February

2018

Favorable/

(Unfavorable)

Variance % Change

February


23

Revenues

Local Sources $4,326,384 $4,326,384 $0 $2,218,250 $2,108,134 48.73%

Loss Recovery 0 0 0 94,374 (94,374) 0.00%

Total Revenues 4,326,384 4,326,384 0 2,312,625 2,013,759 46.55%

Expenses

Fiscal Services 0 0 15,116 170 (15,286) 0.00%

Central Services 6,805,516 6,805,516 108,747 2,737,662 3,959,106 58.17%

Operation of Plant 0 0 0 356 (356) 0.00%

Total Expenses 6,805,516 6,805,516 123,863 2,738,188 3,943,464 57.95%

Excess (Deficit) of Revenues (2,479,132) (2,479,132) (425,564)


Ending Fund Balance ($439,224) ($439,224) $1,614,344


Casualty Insurance Fund 2017/2018


Adopted

Budget

Amended


Available

Budget

% of Budget

Remaining

24

Revenues

Local Sources $4,326,384 $2,218,250 ($2,108,134) 51.27% $2,285,153 ($66,903) -2.93%

Loss Recovery 0 $94,374 94,374 0.00% 0 94,374 0.00%

Total Revenues 4,326,384 2,312,625 (2,013,759) 53.45% 2,285,153 27,472 1.20%

Expenses

Fiscal Services 0 170 (170) 0.00% 6,724 (6,554) -97.47%

Central Services 6,805,516 2,737,662 4,067,853 40.23% 4,083,958 (1,346,296) -32.97%

Operation of Plant 0 356 (356) 0.00% 374 (19) -4.97%

Total Expenses 6,805,516 2,738,188 4,067,327 40.23% 4,091,057 (1,352,868) -33.07%

Excess (Deficit) of Revenues (2,479,132) (425,564) 2,053,568 17.17% (1,805,903) 1,380,340 -76.43%

Beginning Fund Balance 2,039,907 2,039,907 0 100.00% 2,717,003 (677,096) -24.92%

Ending Fund Balance ($439,224) $1,614,344 $2,053,568 -367.54% $911,099 $703,244 77.19%NOTE: A RED Variance / Change notes a negative impact to the District; a BLACK Variance / Change notes a positive impact to the District


Casualty Insurance 2017/2018 Compared to 2016/2017

Amended

Budget

February

2018

Favorable/

(Unfavorable)

Variance % Change

February


25

Revenues

Local Sources $66,350,248 $66,350,248 $0 $40,706,024 $25,644,224 38.65%

Total Revenues 66,350,248 66,350,248 0 40,706,024 25,644,224 38.65%

Expenses

Facilities Acquisition 0 0 115,205 1,977 (117,182) 0.00%

Fiscal Services 0 0 0 652 (652) 0.00%

Central Services 76,609,120 76,609,120 1,522,745 47,243,067 27,843,308 36.34%

Operation of Plant 0 0 0 17,444 (17,444) 0.00%

Total Expenses 76,609,120 76,609,120 1,637,949 47,263,139 27,708,031 36.17%

Excess (Deficit) of Revenues (10,258,872) (10,258,872) (6,557,115)




Medical Insurance Trust Fund 2017/2018


Adopted

Budget

Amended


Available

Budget

% of Budget

Remaining

26

Revenues

Local Sources $66,350,248 $40,706,024 ($25,644,224) 61.35% $40,379,643 $326,381 0.81%

Total Revenues 66,350,248 40,706,024 (25,644,224) 61.35% 40,379,643 326,381 0.81%

Expenses

Facilities Acquisition 0 1,977 (1,977) 0.00% 606,870 (604,893) -99.67%

Fiscal Services 0 652 (652) 0.00% 193,369 (192,717) -99.66%

Central Services 76,609,120 47,243,067 29,366,053 61.67% 43,398,121 3,844,946 8.86%

Operation of Plant 0 17,444 (17,444) 0.00% 2,036 15,407 756.67%

Total Expenses 76,609,120 47,263,139 29,345,980 61.69% 44,200,397 3,062,742 6.93%

Excess (Deficit) of Revenues (10,258,872) (6,557,115) 3,701,757 63.92% (3,820,754) (2,736,361) 71.62%

Beginning Fund Balance 21,018,909 21,018,909 0 100.00% 21,710,588 (691,679) -3.19%

Ending Fund Balance $10,760,037 $14,461,794 $3,701,757 134.40% $17,889,834 ($3,428,040) -19.16%NOTE: A RED Variance / Change notes a negative impact to the District; a BLACK Variance / Change notes a positive impact to the District


Medical Insurance Trust 2017/2018 Compared to 2016/2017

Amended

Budget

February

2018

Favorable/

(Unfavorable)

Variance % Change

February


27

the schoolboard ofbrevard county, florida ...eagendatoc.brevardschools.org/04-17-2018 school board...

Documents