November 2010November 2010Financial ReportFinancial Report

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

GENERAL/SPECIAL/CAPITAL      

Total Beginning Bank Balance     $2,136,417.06General Fund CD 1,000,000.00

Revenues1,742,507.3

6Extended Day Income 16,367.44Interest Income 2,654.43Total Income 1,761,529.23

ExpendituresTransferred to CD 0.00Accounts Payable 274,026.44

Payroll1,634,464.0

2Transfers out- to CNP 46,741.02Total Expenditures 1,955,231.48Ending Balance     2,942,714.81General Fund CD     $1,000,000.00Ending Bank Balance     $1,942,714.81

CHILD NUTRITION      

Beginning Bank Balance $320,789.84Revenues 203,455.75Transfer in from Gen Fund 46,741.02Total Income

250,196.77Expenditures:Transferred to CDAccounts Payable 69,724.21Payroll 84,363.47Total Expenditures

154,087.68

Ending Bank Balance     $416,898.93

State, Local, Federal, Extended Day, Capital Funds

November 2010

General Fund Comparison of Budget and Actual

October 2010-November 2010State and Local Revenues

REVENUES BUDGET ACTUALDIFFEREN

CE

STATE $2,267,700 $2,337,165 $69,465

FEDERAL $150 $324 $174

LOCAL $1,110,349 $1,262,293 $151,944

OTHER $48,528 $11,320 -$37,208

TOTAL REVENUES $3,426,727 $3,611,102 $184,375

EXPENDITURES

INSTRUCTIONAL SERVICES $2,282,673 $2,104,485 -$178,188

INSTRUCTIONAL SUPPORT $552,766 $561,430 $8,664

OPERATIONS & MAINTENANCE $232,672 $360,252 $127,580

AUXILIARY SERVICES $35,039 $33,894 -$1,145

GENERAL ADMINISTRATIVE $204,677 $192,070 -$12,607

CAPITAL OUTLAY $0 $0

OTHER $120,906 $183,853 $62,947

TOTAL EXPENDITURES $3,428,733 $3,435,984 $7,251

EXCESS REVENUE OVER

(UNDER EXPENDITURES) -$2,006 $175,118 $177,124

Actual

Revenues$3,611,102

Expenditures$3,435,984

77%

Local Revenue Comparison

November 2010

November 2009 Difference

4 Mill Property Tax $182,754 $154,471 $28,283County Sales Tax $93,266 $81,088 $12,178County Alcohol Bev Tax $3,457 $4,161 -$7043 Mill Property Tax $115,595 $124,232 -$8,63713 Mill Property Tax $500,913 $538,339 -$37,425District Alcohol Bev Tax $6,954 $7,213 -$259City Council $210,000 $210,000 $0TVA $91,245 $71,841 $19,405

Total $1,204,184   $1,191,344   $12,840

County

13%

General Fund Expenditures By Object CodeNovember 2010

$3,435,984

School Systems Match

752.00 Insurance per employee per month

12.51 Retirement 7.65 Medicare and Social Security .16 Unemployment 20.32 Per every dollar earned

Certified Salaries $1,692,172Non-Certified Salaries $383,476

Total BudgetComparison of Budget and Actual

October 2010-November 2010

General, Federal, CNP,Local Schools & Capital

Actual

REVENUES BUDGET ACTUALDIFFEREN

CE

STATE $2,270,798$2,337,16

5 $66,367FEDERAL $469,985 $158,248 -$311,737

LOCAL $1,570,732$1,822,95

4 $252,222OTHER $245,924 $194,924 -$51,000

TOTAL REVENUES $4,557,440$4,513,29

1 -$44,149

EXPENDITURES

INSTRUCTIONAL SERVICES $2,539,182

$2,319,793 -$219,389

INSTRUCTIONAL SUPPORT $688,106 $726,094 $37,988OPERATIONS & MAINTENANCE $552,037 $496,172 -$55,865AUXILIARY SERVICES $367,550 $329,928 -$37,622GENERAL ADMINISTRATIVE $215,965 $200,281 -$15,684CAPITAL OUTLAY $163,337 $0 -$163,337OTHER $230,448 $301,426 $70,978

TOTAL EXPENDITURES $4,756,625$4,373,69

4 -$382,931

EXCESS REVENUE OVER(UNDER EXPENDITURES) -$199,185 $139,597 $338,782

Revenues$4,513,291

Expenditures$4,373,694

70%