1. BICS PAC Treasurer Report January 22, 2016
Income Total : $7,331
Expenses Total : $6,007
Playground Reserve Transfer $4,696
$4,696 50/50 draw
(net after expenses)
$871 Photos/Martini’s with Santa
PE Equipment $892
$70 Mabel’s Labels
Coffee Fund $200
50/50 Draw net after expenses for printing tickets and $5,000 prize distribution was $4,696. Photos with Santa and Martini’s with Santa December fundraisers brought in another $871. Mabel’s Labels was $70, and tea towels were -$317, but net $243 as most of the money came in November. The school district makes a donation to the PAC, this year it was $175. Income for December and January was $1,836 from Hot lunch (income of $8,415 and $6,579 expenses) net hot lunch program to date is $7,410, with $2,942 outstanding A/R. The proceeds from the 50/50 draw were placed in the reserve fund. Other expenses included: money in the budget for the PE Equipment ($892), Coffee Fund ($200), PAC meeting babysitters($130), BCCPAC fee ($75), and 2 months banking fees ($14). This makes for a total of $6,193
PAC meeting babysitters $130
$175 PAC Seed funding from SD45
$1,836 Hot Lunch
(net $7,410 to date)
BCCPAC Fee $75
-$317 Tea Towels (net $243)
Bank Fees $14

2. 2016/2017 Budget Summary
This shows the budget summary to date. December was a great fundraising month. The $4,696 raised from the 50/50 draw was added to the budget and this reflects the increase in income and expenses budgeted for the year. The PAC still needs to raise $9,704 for the year, and currently still plans to spend another $18,631 as budgeted.

3. Reserve Funds Update
The changes in the reserve accounts were from the $10, spent on carpet for the learning commons, and $6, spent on approved new iPads and Chromebooks from the technology fund. The proceeds from the 50/50 draw were placed in a reserve fund for the playground as approved.

4. $20K Down, $8K* to Go Identified Fundraisers:
BIRD ($2,500) –April 28 to May 25
Hot Lunch($590) –Ongoing, $2,942 in A/R
Art Show($1,500) –Feb thru April
Clothing Sale ($2,500) –May 13
Stongs ($2,000) – June?
Others?
These fundraisers are all key to meeting our budget goals for the year.
*$2K from unallocated reserve funds not included
Looking back, we have already raised $20,430!!! We have some very exciting fundraisers to still execute this year, all are essential for allowing us to meet the budget goals for income this year. The $2,000 that we have in the budget coming from unallocated reserve funds is not included, as they have already been raised in previous years. Please note that we currently gave $2,942 in unpaid lunches that were ordered in MunchaLunch, last year there was another almost $2,