1. Financial Report Financial Report January 28, 2014 Berkeley County School District FY 2013-2014 Financial Report As of December 31, 2013 Ideal Remaining Percent 50 % Area of Focus 1 Fiscal Responsibility – Budget Reports

2. Revenues FY 2013-2014 General Fund Budget REVENUES Category FY 2013-2014 Budget YTD Revenues December 31, 2013 Balance and Percent of Budget to Receive 67 % Revenue from Local Sources $77,932,58517,106,884$ 60,825,701 Revenue from Direct State Aid 133,329,58551,209,99882,119,587 Revenue from Federal Sources 2,688,0001,041,9801,646,020 TOTAL EXPENDITURES $213,950,17069,358,862$ 144,591,308

3. EXPENDITURES FY 2013-2014 General Fund Budget EXPENDITURES Category FY 2013-2014 Approved Budget YTD Expenditures December 31, 2013 Balance and Percent of Budget to Expend 59 % Instructional Expenditures ( Functions 111-199) $ 125,031,35247,285,740$ 77,745,612 Support Expenditures (200-299) 87,122,48340,795,75546,326,728 Transfers and Payments to Other Governmental Units 3,213,605176,9813,036,624 TOTAL EXPENDITURES $ 215,367,44088,258,476$ 127,108,964

4. Revenues FY 2013-2014 Special Revenue- Federal and State Restricted REVENUES Category FY 2013-2014 Budget YTD Revenues December 31, 2013 Balance and Percent of Budget to Receive 82 % Revenue from Federal Sources $ 31,623,2115,798,540$25,824,671 TOTAL Revenues $31,623,2115,798,540$25,824,671

5. EXPENDITURES FY 2013-2014 Special Revenue- Federal EXPENDITURES Category FY 2013-2014 Approved Budget YTD Expenditures December 31, 2013 Balance and Percent of Budget to Expend 67 % Instructional Expenditures ( Functions 111-199) $13,369,2254,639,508$ 8,729,717 Support Expenditures (200-299) 15,965,6465,444,23910,521,407 Transfers and Payments to Other Governmental Units 2,288,340267,2592,021,081 TOTAL EXPENDITURES $ 31,623,21110,351,006$ 21,272,205

6. Revenues FY 2013-2014 Special Revenue- EIA REVENUES Category FY 2013-2014 Budget YTD Revenues December 31, 2013 Balance and Percent of Budget to Receive 61 % Revenue from Direct State Aid $23,355,879 9,113,615$14,242,267 TOTAL Revenues $23,355,879 9,113,615$14,242,267

7. EXPENDITURES FY 2013-2014 EXPENDITURES Category FY 2013-2014 Approved Budget YTD Expenditures December 31, 2013 Balance and Percent of Budget to Expend 71 % Instructional Expenditures ( Functions 111-199) $14,896,0284,924,431$ 9,971,597 Support Expenditures (200-299) 3,801,609885,9062,915,703 Transfers and Payments to Other Governmental Units 4,658,242864,2693,793,973 TOTAL EXPENDITURES $23,355,8796,674,606$ 16,681,273 Special Revenue- EIA

8. Revenues FY 2013-2014 Capital Projects REVENUES Category FY 2013-2014 Budget YTD Revenue December 31, 2013 Balance and Percent of Budget to Receive 76 Revenue from Bond Proceeds $ 251,800,00060,343,033$ 191,456,967 TOTAL Proceeds $ 251,800,00060,343,033$ 191,456,967

9. EXPENDITURES FY 2013-2014 Capital Projects EXPENDITURES Category FY 2012-2013 Approved Budget YTD Expenditures December 31, 2013 Balance and Percent of Budget to Expend 95 % Support Expenditures (200-299) $ 251,800,0009,344,636$ 242,455,364 TOTAL EXPENDITURES $ 251,800,000 9,344,636 $ 242,455,364

10. Revenues FY 2013-2014 Food Service REVENUES Category FY 2013-2014 Budget YTD Revenues December 31, 2013 Balance and Percent of Budget to Receive 64 % Revenue from Local Sources $3,178,2931,199,813$1,978,480 Revenue from Federal Sources 13,990,3384,940,6209,049,718 Transfer35,347 0 TOTAL Revenues $17,203,9786,175,780$11,028,198

11. EXPENDITURES FY 2013-2014 Food Service EXPENDITURES Category FY 2013-2014 Approved Budget YTD Expenditures December 31, 2013 Balance and Percent of Budget to Expend 59 % Support Expenditures $17,203,9786,973,336 $10,230,642 TOTAL EXPENDITURES $17,203,9786,973,336 $10,230,642

12. Area of Focus 3 Fiscal Responsibility Provide professional development training in all areas of finance focusing on best practices. Head Start Training/Financial Reviews PCG Training (Public Consulting Group) – Medicaid Billing Collaborating with Federal Programs with Staff Development and Involved in providing assistance with Audits from SEA. Meeting with School Principals and Bookkeepers on Financial Procedures when new staff arrives or as requested. Being in involved in interviews with schools and departments when hiring finance related staff like bookkeepers and administrative assistance. Internal Reviews of departments schools on finance related procedures. Bookkeeper and Staff Training on Best Practices from all aspects of financial procedures. ( To Include Payroll, Accounts Payable, Procurement, P Card, Budget, accounting, etc.. Finance Procedures is on web site) Also Participating at local Colleges and Universities as a guest speaker on School Finance

13. Area of Focus 1 Fiscal Responsibility Continue to provide transparent financial information and support to the educational process for the students of Berkeley County to include budget reports. Procurement Code Contains the Following Sections: SECTION 2440. Records of procurement actions.(1)(a) Contents of Records. The Chief Procurement Officer shall submit semi-annually a record listing all contracts made pursuant to Section 1560 (Sole Source Procurement) or Section 1570 (Emergency Procurements) to the Superintendent and School Board. SECTION 5240. Minority business enterprise (MBE) utilization plan.(2) MBE utilization plans must be submitted to the Board for approval no later than the first Board meeting on or after July thirtieth, annually. Upon petition by the District, the Board may authorize an MBE utilization plan that establishes a goal of less than ten percent of the District’s total dollar amount of School District of Berkeley County funds expended. Progress reports must be submitted to the Board no later than thirty days after the end of each six-month fiscal period.

14. Area of Focus 1 Fiscal Responsibility Procurement Reports: Semi Annual Procurement Reports for July 1, 2013 – December 31, 2013 Sole Source Emergency Procurement Minority Business, Purchase Orders over $100,000

15. Questions ? orDiscussion