1. RED OAK COMMUNITY SCHOOL CERTIFIED ANNUAL REPORT FINANCIAL INFORMATION
Fiscal Year
Shirley Maxwell, Business Manager

2. ENROLLMENT INFORMATION
2008
2007
2006
Resident Students Served in District
1188.4
1222.3
1223.4
Students Open Enrolled Out 83 86 93
Students Tuitioned Out 16 17 11
Students Open Enrolled In
32.1
29.1
24.1
Students Generating State Aid
1288.7
1327.1
1328.2
Teacher FTE
109.5
105.9
103.8

3. ENROLLMENT DATA

4. FUND CLASSIFICATIONS General Funds Special Revenue Funds Capital Projects Funds Debt Service Funds Trust and Agency Funds

5. GENERAL FUND
Accounts for all financial resources of the district--EXCEPT those required to be accounted for in another fund.

6. General Fund Revenue

7. 2008 EXPENDITURES GENERAL FUND

8. PERSONNEL COSTING DETAIL
TITLE
FTE %
SALARY
Teachers/Substitutes
94.38
64.73%
$4,449,973
Administration
5.0
6.07%
$417,232
Support Staff
8.31
6.42%
$441,598
Bus Drivers
12.0
2.61%
$179,619
Coaches
2.73%
$187,898
Custodians
12.5
4.33%
$297,505
Cooks
13.25
3.59%
$247,125
Teacher Associates
25.1
4.95%
$340,360
Office Personnel 12
3.28%
$225,167
Business Manager
1.0
.69%
$47,100
Nurse 1
.60%
$41,474
184.64
$6,875,051

9. Total Expenditures Salaries & Benefits
$10,986,690
$6,627,926
$2,320,734
81.45%
Of total general fund expenditures go toward salaries & benefits
(Tuition excluded)

10. Management Fund
This fund is created to deposit and expend money from a levy certified by the board of directors for the purpose of liability insurance, unemployment, early retirement incentives, and judgments. For the year this generated approximately $96,744.

11. MANAGEMENT FUND Beginning Balance: $187,813 REVENUE: $96,744
EXPENDITURES: $160,281
Ending Balance: $124,276
INSURANCE
WORKERS COMPENSATION
UNEMPLOYMENT
EARLY RETIREMENT/IF OVER 55 YRS

12. CAPITAL PROJECTS FUND
Funds used to account for financial resources to be used for the acquisition or construction of major capital facilities other than those financed by proprietary funds and trust funds.
EX: Local Option Sales Tax, Penny Tax
Silo Tax

13. CAPITAL PROJECTS LOCAL OPTION SALES TAX
BEGINNING BALANCE $372,285
Montgomery $746,871
Page County $ 1,081
Pott County $
Interest $ 4,992
TOTAL REVENUE/YEAR $ 752,944
EXPENDITURES $ 650,000
FUND ENDING BALANCE 6/ $475,228

14. PHYSICAL PLANT AND EQUIPMENT LEVY FUND PPEL
A fund created to deposit and expend money from a levy certified by the board of directors and/or a voter-approved levy. The voter-approved levy may be all property tax or a combination of property tax and income surtax. The PPEL fund is a special revenue fund limited to expenditures for facilities, grounds, and certain equipment.

15. FACILITIES, ACQUISITIONS, CONSTRUCTION, DEBT SERVICE
PPEL Debt Service
Beginning Bal $ 984, $
Revenue $ 478, $ 812,873
Expenditure $ 559, $ 812,873
Difference $ 80, $
Ending Balance $903, $ 0

16. BUS FLEET BUSES: Year Bus # Cap Miles 2008 8 84 6,295 Act.
,017 Route
,759 Route
,820 Route
,079 Route
,643 Handi.
,157 Route
,209 Spare
,309 Route
,777 Spare
,517 City
* ,199 Groun

17. SMALL VEHICLES VANS: Year No Cap Mileage Lunch , Sp Ed , Sp Ed 131, SUB 8 Spare 53, Sp Ed 186, Spare 189, Spare 157, SUB 8 Sp Ed 137, Spare 182, Spare 183, Storage 231,385
Check on use of vehicles

18. SERVICE VEHICLES Year Mileage MAINTENANCE TRUCK: 2007 21,792
LUNCH VAN: ,612

19. PROPRIETARY FUNDS
Funds which account for operations that are financed and operated in a manner similar to private business enterprises. The intent of the entity is that the costs of providing the goods or services be financed primarily through user charges or where periodic determination of revenues, expense and net income is appropriate.
Ex: Hot Lunch Fund Pop Fund

20. ENTERPRISE FUNDS Hot Lunch Pop Fund Beginning Balance $344,748 $11,615
Revenue $526, $ 7,766
Expenditure $535, $ 8,426
Ending Balance $335, $10,955
Check this with Jeannice. $10,362 difference with Treasurers Fund CAR

21. GRANTS

22. RIGHT START GRANT Beginning Balance 7/1/07 $3,893
REVENUE: $26,565 GRANTS %
$ DONATIONS 2%
TOTAL REV: $27,193
EXPENSES: $26,565
Ending Balance $4,521

23. YES MENTORING GRANTS/DONATIONS
Began in Ending Balance $1,471.60
07-08 Revenue $4,214.40
07-08 Expenditures $3,879.37
Adjustments ($3,879.37)
Ending Balance $5,686.00

24. Special Education Program
185 resident students were enrolled in the special education program
31 students were Tuitioned out of our district.
We have 15 special education teachers and 18 paraprofessionals in this program.

25. Receipts: Dollars generated by special education students as prescribed by Chapter 257 and 256B (Resident Students Only).
No. of Students 2005 Count Full Time (1)
No. of Students 2005 Count Part Time (2)
Weighting of Students (3)
Receipts for 1.0$ (col.1 + col.2) x District Cost Per Pupil(4741) (4)
Receipts for Additional Weighted $ Col 3 x DCPP(4741) (5)
Total Col 4 + Col 5 (6)
Level I - 1.72 1
155
111.60
826,615
595,163
1,421,778
Level II - 2.21 2 30
36.30
159,990 
193,588
353,578
Level III - 3.74 3 12
34.25
69,329
182,655
251,984
Rec Gen 4
197
  1
182.15 
1,055,934
971,406
2,027,340
Carryovr 5
Tot Rec 6

26. TUITION-IN STUDENTS Students who were tuitioned in:
Open enrolled students
Tuition Dollars received: $12,802

27. Medicaid Payments
Program that allows us to collect medicaid payments on students with an IEP, has a medicaid number, and receives medical/behavior treatment at school.
Needs included: paraprofessionals, transportation, nursing services—we only collected on nursing services for the year
Collected $1,951 from this program for the school year.

28. CONTRACTED EXPENDITURES
31 students were served out of our district
3 foster students
9 students requiring programs not available in our district
$326,181 Paid to other districts for special education services.

29. 2007-2008 SPECIAL EDUCATION REVIEW
WEIGHTINGS TOTAL
07-08 RECEIPTS $1,421, $353, $251, $2,027,340
07-08 EXPENSES $1,591,080 $384, $416, $2,391,900
DIFFERENCE $ (169,302) $(30,915) $(164,343) $( 364,560)
BALANCE ($364,560)

30. ACTIVITY FUND
Often referred to as student activity fund. This fund is created to deposit and expend money related to district sponsored and supervised co-curricular activities for students. No taxes are levied for this fund. All money is student driven. Examples: Athletics, drama, science, elementary fund, FFA, music boosters,

31. ACTIVITY FUND BEGINNING BALANCE: $160,543 Revenue: $271,939
Expenditure: $251,448
ENDING BALANCE: $181,033

32. DEBT SERVICE FUND
A fund used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest. Revenues from the Debt Service Levy certified by the board may be used to retire only bonded indebtedness authorized by the voters.

33. TRUST FUNDS
Funds used to account for assets held in a trustee capacity by the district. Examples of these funds are our scholarship funds. These funds can only be used for the purpose they are designated for.

34. REVENUE/EXPENDITURES GENERAL FUND

35. Cash Balance vs Cash Reserve Levy

36. CASH BALANCE VS UNSPENT BALANCE

37. FINANCIAL SOLVENCY RATIO
Unreserved,Undesignated General Fund Balance
Actual Revenues

38. SOLVENCY RATIO ACCEPTABLE SOLVENCY POSITION 0 TO 4.99%
TARGET SOLVENCY POSITION 5 TO 10%
SOLVENCY ALERT TO 0%
SOLVENCY CONCERN
-3% & LOWER

39. BUDGET VS ACTUAL LINE BUDGET
INSTRUCTION: Budget: $7,865,000
Amended: $7,938,810
Spent: $8,106,701
Difference: $167,891
SUPPORT SERVICE:
Budget: $3,788,650
Amended: $3,857,650
Spent: $3,723,063

40. BUDGET VS ACTUAL LINE BUDGET
NON INSTRUCTIONAL:
Budget: $512,000
Spent: $535,238
Difference: $ 23,238
OTHER:
Budget: $1,399,549
Spent: $1,589,858
Difference: $190,309

41. 2008 YEAR IS BALANCED AND CLOSED --NOW ON TO THE YEAR 2009