1. 2016 Fiscal Year Budget Amendment I
Jason W. Taylor
Chief Financial Officer
June 14, 2016

2. Fiscal Year Ending September 30, 2016;
The Following Initial Budget for the was Adopted on September 3, 2015

3. Fiscal Year Ending September 30, 2016;
The Following Amended Budget is Necessary to Account for Adjustments in Projected Revenues and Expenditures

4. Post Amendment, the Net Activity in the General and Debt Service Funds Is Essentially Balanced and the Ending Net Position is $40.7 Million

5. Post Amendment, the Net Activity in the General and Debt Service Funds Is Balanced and the Ending Net Position is $40.7 Million

6. Variances Between Initial and Amended Budgets Are Related Primarily to Special Revenue Fund Activity and Capital Projects Fund Position

7. Variances Between Initial and Amended Budgets Are Related Primarily to Special Revenue Fund Activity and Capital Projects Fund Position

8. Adjustments to the Special Revenue Fund are
Attributed to Federal Compliance Guidelines and
Local School Books Adjustments

9. Adjustments to the Capital Projects Fund are
Primarily Audit-related Adjustments to the
Beginning Fund Balances

10. Pre and Post Adjustment, the District’s Concentration of Effort (Expenses) is Optimal in Comparison with Statewide Averages for the State of Alabama

11. Questions