Year Review of Major Financial Funds Mount Vernon Community School District
Nutrition Fund The Nutrition provides school meals to students total revenues were $634, total expenditures were $614,775 Nutrition guidelines changes continue Net cash balance at June 30, 2014 was $239,341.19
Day Care Funds The Day Care program provides before and after school day care, early childhood day care, and summer day care total revenues were $213, total expenditures were $201,368 Net cash at June 30, 2014 was $12,832.54
Management Fund The Management Fund pays the districts liability insurance and any teacher early retirement payments Total Revenues were $400,638 Total Expenditures $285,095 including $266,048 insurance and $19,047 for early retirement plans Net cash balance at June 30, 2014 was $167,758.65
Activity Fund The Activity Fund pays for student activities in fine arts, athletics, and clubs Total Receipts were $397, Total Expenditures were $396,980 Net cash balance at June 30, 2014 was $101,575.01
Capital Projects Fund Pays for technology expenditures, and construction debt repayment through sales tax receipts Total Revenue was $926, Total Expenditures were $876,909 including $170,322 in technology, $706,587 debt repayment Net cash at June 30, 2014 was $20,227.39
Physical Plant & Equipment Levy The PPEL Fund pays for transportation vehicles, building and grounds maintenance, and construction costs Total Revenues were $453, Total Expenditures were $426,104 Net cash at June 30, 2014 was $266,019
Debt Service Fund The debt service fund pays debt incurred for construction projects Total Revenue was $1,416, Total Expenditures were $6,837,432 Net cash at June 30, 2014 was $498,086
Debt Service Fund Construction Debt outstanding as of June 30, 2014 $5,560,000 from high school construction payable through 2024 from property tax $7,330,000 from elementary and middle school projects payable through 2030 from sales tax receipts $135,000 high school constr energy loan payable through 2016 from sales tax receipts
General Fund The General Fund pays for school operations not covered by another fund Total Revenues were $12,041, Total Expenditures were $12,399,701 Net cash at June 30, 2013 was $1,543,001 and decreased to $1,184,810 at June 30, 2014