1. This chart shows that both revenues and expenditures are consistent over time. However, our revenue is more flat.
2013 – 2015 we had two Emergency Levies (increasing revenue); as well as, our cash balance.
In 2015, the Board in partnership with the Community moved $10 million in cash reserves to fund the Master Facilities Project. (arbitrary spike in expenditures)
FY 2018, started having an Operating Deficit
FY 2020, start to dip below the districts cash balance policy (3 months or 25%)
Used for year-end obligations, accrued wages;
As a buffer for unplanned economic changes and reductions in revenue;
To implement instructional initiatives or local changes.