1. Budget update #3
Fiscal Year

2. Budget Update by Fund General Fund – Tonight
Debt Service Fund – June 26, 2017
Capital Projects Fund – June 26, 2017
Child Nutrition Fund – June 26, 2017
Little Chiefs Academy Fund – June 26, 2017
Lighthouse for Learning Fund – June 26, 2017
Special Revenue Funds – ??

3. Special Revenue Funds Federal Awards State Grants
Head Start (205)
Title I, Part A (211)
IDEA B Formula (224)
IDEA B Preschool (225)
Summer Feeding (242)
Carl Perkins Block Grant (244)
Title II, Part A Training and Recruiting (255)
Title III, Part A English Lang. Acquisition (263)
Reading Recovery (288)
State Grants
Local Special Revenues

4. General Fund Revenues Revenue Source 16-17 Original 16-17 Revised
17-18 Proposed
$ Change
% Change
Local Revenues
39,842,820
39,996,794
44,147,677
4,150,883
10.38%
State Revenues
30,992,000
32,596,683
1,604,683
5.18%
Federal Revenues
1,050,000
1,450,000
400,000
38.10%
Total Revenues
71,884,820
72,038,794
78,194,360
6,155,566
8.54%

5. Revenue Detail Revenue Detail 16-17 Revised 16-17 Actual
17-18 Proposed
$ Change
% Change
Property Taxes
39,237,418
38,867,471
43,483,202
4,245,784
10.82%
Athletic Events
180,000
145,783
0.00%
Investments
25,000
96,528
State – FSP
25,483,335
17,144,772
27,722,089
2,238,754
8.79%
State on-behalf
3,158,458
2,624,616
3,278,597
120,139
3.80%
SHARS
600,000
441,506
800,000
200,000
33.33%
Cost Report
450,000
408,575
650,000
44.44%

6. General Fund Expenditures
Expenditure Group
16-17 Original
16-17 Revised
17-18 Proposed
$ Change
% Change
Payroll (61xx)
57,734,409
57,711,449
61,984,855
4,250,446
7.36%
Contract Svcs (62xx)
4,828,107
4,790,506
4,789,038
-39,069
-0.81%
Supplies (63xx)
3,658,408
4,069,306
3,813,316
154,908
4.23%
Other Exp (64xx)
1,397,958
1,464,695
1,721,394
323,436
23.14%
Debt Service (65xx)
3,200,000
0.00%
Capital Outlay (66xx)
1,065,638
2,247,216
2,685,753
1,620,115
152.03%
Total Expenditures
71,884,820
73,483,172
78,194,356
6,309,836
8.78%

7. General Fund Specific Purchases
Budgeted purchases over $50,000 for FY :
Playground equipment and fencing for Wilemon Elementary
Playground and shade structure for Wedgeworth Elementary
Playground shade structure for Dunaway Elementary
3 School buses
Lumpkins Stadium track resurfacing
Lumpkins Stadium turf replacement
Maintenance fleet replacements
Support Services annex building (continuation from this year)
Digital signage (Coleman and Finley) – from Bond funds

8. Fund Balance (estimated)
At August 31, 2016: $21,735,993
Addition from Operations: ,000,000
Addition from Sale of Properties: ,200,000
Estimated August 31, 2017 Fund Balance: 25,935,993
Less 3 month reserve: (19,548,590)
Less $3,000,000 recommendation (LRPC): ( 3,000,000)
Estimated Available Fund Balance: ,387,403
Fund Balance at August 31, 2013: $23,941,018

9. Questions