2017/2018 Final Financial Reports- unaudited Unaudited Actuals 2017/2018 Final Financial Reports- unaudited

Budget Cycle

Unaudited Actuals Critical Data Elements Requirement to spend 60% on Salaries and Benefits? Do we meet our Every Student Succeeds Act? Do we need to adjust our Appropriations Limit? Setting next year’s indirect cost rate

Summary

Where we stand as of June 30, 2018 General Fund (#1) Deferred Maintenance (#14) Special Reserve (# 17) Building Fund (#21) Capital Outlay (#40) Beginning Balance $383,724.08 $8,651.56 $55,638.67 $12,854.30 $287.73 Revenue $2,206,127.81 $125.14 $739.45 $185.91 $2,904.68 Expenses $2,044,314.15 $0.00 $7,297.81 Revenue less expenditure $161,813.66 ($4,393.13) Transfers from other funds ($5,272.81) $5,272.81 Ending balance $540,264.93 $8,776.70 $56,378.12 $13,040.21 $1,167.41

How did our actuals compare to our budget?

Ending Balance Discussion Projected to deficit spend for the next 3 school years We will meet 5% minimum reserve level for the next 3 school years We will not meet 17% recommended reserve level starting in the 2019/20 school year Please Note: Our multiyear projections are meant to be a tool to help the district plan and prepare in order to best serve the students in the Lakeside District. Remember that our budget projections are based on what we currently know about our revenues, expenses and potential increases or decrease in programs that may affect our budget. Our projections will change throughout the year as we gain more information and as circumstance change.

Projected General Fund Ending Balances

Three year Ending Balance compared to recommended reserve

Historic ending balance (All Funds and General Fund)

Historic ending balance (Other Funds)

Any questions about the unaudited actuals or SACS forms?