2016 Fiscal Year Budget Amendment I Jason W. Taylor Chief Financial Officer June 14, 2016

Fiscal Year Ending September 30, 2016; The Following Initial Budget for the was Adopted on September 3, 2015

Fiscal Year Ending September 30, 2016; The Following Amended Budget is Necessary to Account for Adjustments in Projected Revenues and Expenditures

Post Amendment, the Net Activity in the General and Debt Service Funds Is Essentially Balanced and the Ending Net Position is $40.7 Million

Post Amendment, the Net Activity in the General and Debt Service Funds Is Balanced and the Ending Net Position is $40.7 Million

Variances Between Initial and Amended Budgets Are Related Primarily to Special Revenue Fund Activity and Capital Projects Fund Position

Variances Between Initial and Amended Budgets Are Related Primarily to Special Revenue Fund Activity and Capital Projects Fund Position

Adjustments to the Special Revenue Fund are Attributed to Federal Compliance Guidelines and Local School Books Adjustments

Adjustments to the Capital Projects Fund are Primarily Audit-related Adjustments to the Beginning Fund Balances

Pre and Post Adjustment, the District’s Concentration of Effort (Expenses) is Optimal in Comparison with Statewide Averages for the State of Alabama

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