MAY 2010MAY 2010

Jeff Wooten, Ed.D. Jeff Wooten, Ed.D. Superintendent Superintendent

Board Members: Farrell Southern, President Don Pendergrass, Vice President Pam Doyle Mike Elliott Willis Thompson

Bank AccountsMay 2010

1.76 months

GENERAL/SPECIAL/CAPITAL      

Beginning Bank Balance General Fund $2,200,436.50Beginning Bank Balance Special Funds -$80,818.17Beginning Bank Balance Capital Funds $793,959.53Total Beginning Bank Balance     $2,913,577.86General Fund CD 1,000,000.00Revenues 1,842,092.51Extended Day Income 20,213.52Interest Income 3,885.79Total Income 1,866,191.82

ExpendituresTransferred to CD 0.00Accounts Payable 203,828.29Payroll 1,555,366.99Transfers out- to CNP 48,643.66Total Expenditures 1,807,838.94Ending Bank Balance     3,971,930.74Less Public School Fund 788,193.53Expendiable Money     $3,183,737.21

General Fund-Bank $2,073,735.41   General Fund-CD $1,000,000.00   

Special Funds $110,001.80   Total Expndiable Money $3,183,737.21   

CHILD NUTRITION      

Beginning Bank Balance $87,644.68CD 200,000.00Revenues 62,930.94Transfer in from Gen Fund 48,696.96Total Income

111,627.90Expenditures:Transferred to CDAccounts Payable 63,334.99Payroll 84,418.25Total Expenditures

147,753.24

Ending Bank Balance     $251,519.34

I have not received the revenue collections from the state for May, 2010, will put in board packet on the 21st.

General Fund Comparison of Budget and Actual

May 2010

State and Local Revenues

                  REVENUES BUDGET ACTUAL DIFFERENCE  

  STATE$8,777,6

67 $8,801,946 $24,279   FEDERAL $550 $702 $152 

  LOCAL$5,368,3

96 $5,239,538 -$128,858   OTHER $207,498 $315,168 $107,670    

TOTAL REVENUES$14,354,

111  $14,357,354  $3,243    EXPENDITURES     

  INSTRUCTIONAL SERVICES$8,555,2

67 $8,276,600 -$278,667 

  INSTRUCTIONAL SUPPORT$2,477,1

12 $2,412,529 -$64,583 

  OPERATIONS & MAINTENANCE$1,175,0

82 $1,083,653 -$91,429   AUXILIARY SERVICES $103,995 $128,487 $24,492   GENERAL ADMINISTRATIVE $722,985 $721,794 -$1,191   CAPITAL OUTLAY $0 $0   OTHER $538,907 $527,482 -$11,425 

TOTAL EXPENDITURES$13,573,

348  $13,150,545  -$422,803    EXCESS REVENUE OVER  (UNDER EXPENDITURES) $780,763 $1,206,809 $426,046                

ActualBudget To the good

General Fund Revenues and Expenditures By Function CodeMay 2010

Revenues$14,357,354

Expenditures$13,150,545

Local Revenue ComparisonMay 2010 – May 2009

May 2010 May 2009 Difference

4 Mill Property Tax $663,871 $608,856 $55,015County Sales Tax $594,619 $664,021 -$69,402

County Alcohol Bev Tax $24,762 $26,602 -$1,8403 Mill Property Tax $438,140 $418,143 $19,99713 Mill Property Tax $1,898,606 $1,809,649 $88,956

District Alcohol Bev Tax $30,244 $28,921 $1,324City Council $840,000 $840,000 $0TVA $524,931 $509,083 $15,848

Total $5,015,174   $4,905,275   $109,899

General Fund Expenditures By Object CodeMay 2010

$13,150,545 $11,355,330 Payroll Expense$ 339,120 Transfer out to CNP for Benefits$ 1,456,095 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

May 2010

General, Federal, CNP,Principal Accounts & Capital

                    

REVENUES BUDGET ACTUAL DIFFERENCE   STATE $9,299,141 $9,480,777 $181,636   FEDERAL $2,035,271 $1,946,375 -$88,896   LOCAL $7,562,031 $7,310,878 -$251,153   OTHER $1,817,637 $1,963,635 $145,998    TOTAL REVENUES   $20,714,081  $20,701,665  -$12,416    EXPENDITURES       INSTRUCTIONAL SERVICES $10,096,126 $9,589,827 -$506,299   INSTRUCTIONAL SUPPORT $2,853,316 $2,756,941 -$96,375 

 OPERATIONS & MAINTENANCE $2,013,191 $1,681,908 -$331,283 

  AUXILIARY SERVICES $1,462,042 $1,602,007 $139,965 

 GENERAL ADMINISTRATIVE $774,828 $758,472 -$16,356 

  CAPITAL OUTLAY $1,420,162 $1,107,315 -$312,847   OTHER $1,061,218 $1,031,793 -$29,425 TOTAL EXPENDITURES   $19,680,883  $18,528,263  -$1,152,620    EXCESS REVENUE OVER  (UNDER EXPENDITURES) $1,033,198 $2,173,402 $1,140,204                  

Budget Actual To the good

Total Funds Revenues and Expenditures By Function Code

May 2010

Revenues$20,701,665

Expenditures$18,528,263