2013-2014 Year Review of Major Financial Funds Mount Vernon Community School District.

Slides:



Advertisements
Similar presentations
1 Annual Bond Program Update July 1, 2010 – June 30, 2011 Michael E. Finn, Chief Financial Officer.
Advertisements

Illinois School Board of Education General Ledger Numbers Proviso Township High Schools Illinois School Code General Ledger Numbers Workshop.
ISD NO. 492 AUSTIN June 30, ISD NO. 492 AUSTIN General Fund Unreserved/Undesignated Balance.
1 Republic of Macedonia-ESM EVN Income statement For the year ended 31 December _____ Note Current year Previous year Revenues Electricity revenues Other.
© 2007 The McGraw-Hill Companies, Inc. McGraw-Hill/Irwin Chapter 21 Statement of Cash Flows Revisited.
Budget Proposal BOARD OF EDUCATION MEETING TUESDAY, APRIL 14, BUDGET DEVELOPMENT.
2006 Cash Flow Statement Sources of cash: Beginning cash balance Cash receipts from product sales Other sources of cash Total sources of cash Uses of cash:
Annual Financial Review For the Fiscal Year July 1, 2008 – June 30, 2009.
AGEC 489/689 Spring 2009 Overview of Financial Statements Slide Show #2.
Accounting Fundamentals Accounting Fundamentals Structure of Financial Statements Agribusiness Finance LESE 306 Fall 2009.
Managerial Accounting Structure of Financial Statements.
Lesson 5 Cash Flow Statement Li, Jialong
AGEC 432 – Finance Spring 2007 Structure of Financial Statements.
AGEC 489/689 Spring 2009 Detailed View of Financial Statement Linkages Slide Show #3.
Accounting Fundamentals Accounting Fundamentals Structure of Financial Statements.
ISD NO. 492 AUSTIN June 30, ISD NO. 492 AUSTIN General Fund Unreserved/Undesignated Balance.
February,  Cash & Authority must be minimally maintained.  Staffing = Possible additional needs in ($600,000)  Legislative Unknowns:
FISCAL YEAR 2010 – 2011 FINAL BUDGET June 17,
WOODLAND SCHOOL DISTRICT YEAR END FINANCIAL SUMMARY Presented by: Stacy Brown Director of Business Services.
Budget Hearing Sept. 12,  The “Budget” ($9,131,600 expenditures)  Disbursements/Transfers- $10,305,826 Salaries and Benefits - $7,154,154 Supplies,
Statement of Cash Flows The Statement of Cash Flows provides relevant information about the cash receipts and cash payments of an enterprise during a period.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 18-1 Understanding Cash Flow Analysis.
Holderness Central School Proposed Budget February 8, 2012.
AUDIT HIGHLIGHTS YEAR ENDED JUNE 30, Audit Opinion- “Unqualified Opinion” audit report Pages 2-3 District’s Financial Position Improving!
Reporting and Analyzing Cash Flows Chapter 17. Purposes of the Statement of Cash Flows Designed to fulfill the following: – predict future cash flows.
The Statement of Cash Flows
AUBURN ENLARGED CITY SCHOOL DISTRICT BUDGET PROPOSAL April 24, 2013.
Cleveland Municipal School District Fiscal Year 2009 Budget Overview.
The Statement of Cash Flows Chapter 4 The Statement of Cash Flows Answers u u How Much Cash Was Provided by Operations u u What Amount of Property and.
©The McGraw-Hill Companies, Inc. 2006McGraw-Hill/Irwin Chapter Twelve Statement of Cash Flows.
WOODLAND SCHOOL DISTRICT YEAR END FINANCIAL SUMMARY Presented by: Stacy Brown Director of Business Services.
Chart of Accounts Introduction to Object Codes ALASBO Power Lunch March 18, 2008 Presented by Elwin Blackwell, Internal Auditor Department of Education.
1 Chapter 12 The Statement of Cash Flows Financial Accounting, Alternate 4e by Porter and Norton.
Financials Start up Cost Source of Funds EquityLoans $20K$25K $45K Operational costs Fixed$43,085$113,700$281,840 Variable$29,570$163,220$460,975.
Apply procedures for preparing corporate financial statements.
Financial Accounting 1 Lecture – 41 Profit and Loss Account Shows profit earned or loss sustained from the operations of the business during the period.
Accounting Mechanics Summarizing and Reporting. Cup-A-Jo’s Spreadsheet at Year End 2 Assets=Liabilities+Shareholders' Equity Cash Accounts ReceivableInventory.
Copyright © 2007 Prentice-Hall. All rights reserved 1 Statement of Cash Flows Chapter 13.
Insert Presentation Title Here Public Schools of Petoskey June 30, 2014 Audit Presentation.
Highlights of the 2011 Audit Report Highlights of the 2011 Audit Report.
AUDIT HIGHLIGHTS YEAR ENDED JUNE 30, 2012 MINNEWASKA SCHOOL DISTRICT #2149.
Sheldon Independent School District Annual Financial and Compliance Audit Board of Trustees Presentation January 19, 2010.
$$ Entrepreneurial Finance, 5th Edition Adelman and Marks Pearson Higher Education ©2010 by Pearson Education, Inc. Upper Saddle River, NJ Chapter.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 18-1 Understanding Cash Flow Analysis.
Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Financial Statement Analysis K R Subramanyam John J Wild.
BETHEL SCHOOL DISTRICT FY Budget Public Hearing 7/28/15 1.
Annual Financial and Compliance Audit Board of Trustees Presentation January 18, 2016 Clear Creek Independent School District.
General Fund – regular operating costs of the district Associated Student Body Fund – student activities Debt Service Fund – repayment of bonds Capital.
CHAPTER 14 Statement of Cash Flows. The McGraw-Hill Companies, Inc. 2008McGraw-Hill/Irwin 14-2 Reporting Format for the Statement of Cash Flows The Statement.
$24,362, $24,894, $26,016,051 Proposed.
Common Journal Entries Sheryle Coaker, MASBO Stacey Graves, Desoto County School District Sandy Halliwell, Clinton Public School District.
Goodhue School District 2015 Payable 2016 Truth In Taxation Public Meeting Time: 6:30pm Date: December 21, 2015 at the Goodhue School District Board Room.
Foley Public Schools. Truth in Taxation Timeline 2012 Pay 2013 Levy for School Year or FY2014.
State Aid. State Aid makes up 31.4% or $9.7M of the District’s funding for the General Fund. Funding is based on previous year enrollment and expenditures.
© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin Statement of Cash Flows Chapter Twelve.
Cash Flows. Cash Movements Assets are everything of value that is owned by an entity. A future benefit or Potential Gain Purchasing ASSETS will decrease.
A2 - 1 Analysis of Cash Flows 3 3 Chapter. A2 - 2 Chapter Objectives Describe the three components of a cash flow statement Distinguish between direct.
What are the major financial statements needed in a business plan?
4.04 Statement of Cash Flows
Statement of Revenues, Expenditures, and Changes in Fund Balance
Budget.
Statement of Cash Flows
As of November 30th,2015 Presented December 16th, 2015 by Dan Poolman
TOWN OF Beech mountain, NORTH CAROLINA
Ottawa Elementary District #141
Presentation of Audited Financial Statements June 30, 2011
Presented to the School Board -- July 21, 2011
INDEPENDENT SCHOOL DISTRICT #883
RED OAK COMMUNITY SCHOOL CERTIFIED ANNUAL REPORT FINANCIAL INFORMATION
Lake Orion Community Schools Board Presentation
Presentation transcript:

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