GENERAL FUND FINANCIAL ANALYSIS ALL FUNDS FINANCIAL SUMMARY ALL FUNDS INVESTMENT SUMMARY

Transcription

1 GENERAL FUND FINANCIAL ANALYSIS ALL FUNDS FINANCIAL SUMMARY ALL FUNDS INVESTMENT SUMMARY DUBLIN Committed to CITY SCHOOLS Excellence and Equity FOR THE MONTH ENDING June 30, 2014 By Stephen Osborne, CPA, Treasurer/CFO

2 TABLE OF CONTENTS DESCRIPTION Pie Chart of Estimated Revenue and Expenditures for fiscal years and Comparison of Fiscal Year 2014 YTD Estimated Revenue and Expenditures with Fiscal Year 2014 YTD Actuals 1 2 VARIANCE ANALYSIS' Comparison of Cash Balances Comparison of Monthly and Total Receipts Comparison of Monthly and Total Taxes Comparison of Monthly and Total Rollback Collections Comparison of Monthly and Total FoundationlFederal Receipts Comparison of Monthly and Total Interest Revenue Comparison of Monthly and Total Other Revenue Comparison of Monthly and Total All Expenditures Comparison of Monthly and Total Wage Expenditures Comparison of Monthly and Total Fringe Benefit Expenditures Comparison of Monthly and Total Purchased Service Expenses Comparison of Monthly and Total Material Expenditures Comparison of Monthly and Total Equipment Expenditures Comparison of Monthly and Total Other Expenditures 3&4 5&6 7&8 9& & & & & 18 19&20 21 & &24 25 &26 27 &28 29&30 ALL FUND REPORTS Receipts, Expenditures and Fund Balances All Funds Comparison of Fiscal Year 2014 YTD Appropriations with Fiscal YTD Actual Expenditures - All Funds (excluding General Fund) Investments - All Funds

3 .. ESTIMATED GENERAL FUND REVENUE FY 14 $176,296,611 ESTIMATED GENERAL FUND REVENUE FY 04 $105,572,272 State Interest Foundationl 0.07% Federal 8.27% Other 0.99% State Tax Reimb 7.83% Interest 1.47% State Foundationl Federal -.., % Other 1.48% Property Tax 80.49% Property Tax 74.27% ESTIMATED GENERAL FUND EXPENDITURES FY 14 $172,656,184 ESTIMATED GENERAL FUND EXPENDITURES FY 04 $104,526,010 Fringe Benefits 23.68% Purchased Services 7.11% Fringe Benefits 1 Wages 63.82% Materials & Supplies 3.27% Capital 0.16% Other & Debt Service 1.96% Wages 70.06% Materials & Supplies 2.27% Capital 0.44% Other & Debt Service 1.84% Enrollment FY ,886 FY ,419 % Change 19.86% Page 1

4 COMPARISON OF FISCAL YEAR 2014 YEAR-TO-DATE ESTIMATED REVENUES AND EXPENDITURES WITH FISCAL YEAR 2014 YEAR-TO-DATE ACTUALS GENERAL & REQUIRED DEBT SERVICE FUNDS ONLY CATEGORY FY 14 EST. FY 14 ACTUAL VARIANCE PERCENTAGE BEGINNING BALANCE $38,241,504 $38,241,504 $0 0% RECEIPTS Real Estate Tax $141,895,403 $144,698,952 $2,803,549 2% Tangible Tax 0 10,443 10,443 0% InvesnnentIncome 122, ,490 48,542 39% Borrowing % Other Local Revenue 1,223,224 1,379, ,597 13% State F oundationif ederal 14,581,959 14,750, ,537 1% State Taxes Reirn. (HB66) 17,939,545 18,156, ,663 0% Other Non-Operating 533, , ,546 45% TOTAL RECEIPTS $176,296,611 $179,941,488 $3,644,877 2% RECEIPTS AND BALANCE $214,538,115 $218,182,992 $3,644,877 2% EXPENDITURES Salaries & Wages $110,198, ,496,902 ($701,179) -1% Fringe Benefits $40,888,889 40,362,691 (526,198) -1% Purchased Services $12,271,578 12,170,259 (101,319) -1% Supplies $5,639,875 4,985,676 (654,199) -12% Equipment $279, ,739 59,080 21% Debt Repayment % Other Expenses 2,864,586 2,807,867 (56,719) -2% Other Non-Operating. 513, , ,028 26% Total Expenditures $172,656,184 $170,808,678 ($1,847,506) -1% ENDING CASH BALANCE $41,881,931 $47,374,314 $5,492,383 13% ENCUMBRANCES $2,966,359 $2,966,359 $0 UNRESERVEDIUNDESIGNATED BALANCE $38,915,572 $44,407,955 $5,492,383 Page 2

5 COMPARISON OF MONTHLY ENDING CASH BALANCES $90,000,000 -, ~ $80,000,000 ~--~ $70,000, ,; $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN I IEIFY 13 ACTUAL IEIFY 14 EST, _FY 14 ACTUAL Page 3

6 COMPARISON OF CASH BALANCES June 30,2014 Actual Cash Balance $47,374,314 Estimated Cash Balance $41,881,931 Variance From Estimate OVER $5,492,383 Percent Variance From Estimate OVER 13.11% Previous Year Cash Balance $38,241,504 COMMENTS: We finished the year above estimates due to favorable revenue and expenditure variances. The revenue variance is primarily due to a favorable first half real estate tax collections as well as favorable homestead and rollback reimbursements. The expenditure variance is primarily due to lower than anticipated salary/wage and fringe benefit expenses resulting from replacing retirees with staff lower on the salary schedule. Lower than anticipated materials & supplies expenditures are due to timing differences for payment of maintenance projects and lower than anticipated fuel expenditures. Page 4

7 COMPARISON OF TOTAL MONTHLY RECEIPTS $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 JUL AUG SEP. OCT NOV DEC JAN FEB MAR APR MAY JUN I El FY 13 ACTUAL rafy14 EST..FY 14 ACTUAL COMPARISON OF TOTAL REVENUE YEAR TO DATE $180,000,000 $165,000,000 $150,000,000 $135,000,000 $120,000,000 $105,000,000 $90,000,000 $75,000,000 $60,000,000 $45,000,000 $30,000,000 $15,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN BYTD 13 ACTUAL mytd 14 EST..YTD 14 ACTUAL Page 5

8 COMPARISON OF TOTAL RECEIPTS June 30,2014 MONTH YEAR-TO-DATE Actual Receipts $2,650,708 $179,941,488 Estimated Receipts $2,494,958 $176,296,611 Variance From Estimate OVER $155,750 OVER $3,644,877 Variance From Estimate OVER 6.24% OVER 2.07% Actual Prior Year $1,154,904 $165,849,211 Total Estimate $176,296,611 Percent Of Total Estimate Received % Percent Of Budget Year Completed 12 Months % COMMENTS: We completed the year above annual estimates due primarily to a favorable first half real estate tax collections and homestead and rollback reimbursement. Page 6

9 COMPARISON OF MONTHLY LOCAL TAXES $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN I GI FY 13 ACTUAL m FY 14 EST. II FY 14 ACTUAL ~ COMPARISON OF LOCAL TAXES YEAR TO DATE $140,000,000 $130,000,000 $120,000,000 $110,000,000 $100,000,000 $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN mytd 13 ACTUAL I1llYTD 14 EST. IIYTD 14 ACTUAL Page 7

10 COMPARISON OF LOCAL TAXES June 30,2014 MONTH YEAR-TO-DATE Actual Tax Receipts $372,350 $144,709,395 Estimated Tax Receipts $0 $141,895,403 Variance From Estimate OVER $372,350 OVER $2,813,992 Variance From Estimate OVER 0.00% OVER 1.98% Actual Prior Year $0 $133,686,355 Total Estimate $141,895,403 Percent Of Total Estimate Received % Percent Of Budget Year Completed 12 months % COMMENTS: We completed the year above annual estimates dut to a favorable first half distributions of real estate taxes. Page 8

11 COMPARISON OF STATE TAX REIMBURSEMENT COLLECTIONS $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN I ofy 13 ACTUAL mi FY 14 EST. FY 14 ACTUAL COMPARISON OF STATE TAX REIMBURSEMENT REVENUE YEAR TO DATE $22,000,000 $20,000,000. $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN o FY 13 ACTUAL EJ FY 14 EST. FY 14 ACTUAL Page 9

12 COMPARISON OF STATE TAXES REIMBURSEMENT June 30,2014 MONTH YEAR-TO-DATE Actual State Receipts $1,255,827 $18,156,208 Estimated State Receipts $1,104,113 $17,939,545 Variance From Estimate OVER $151,714 OVER $216,663 Variance From Estimate OVER 13.74% OVER 1.21% Actual Prior Year $0 $16,850,849 Total Estimate $17,939,545 Percent Of Total Estimate Received % Percent Of Budget Year Completed 12 months % COMMENTS: We completed the year above annual estimates due to the favorable first half homestead and rollback reimbursements related to the increased property tax collections. Page 10

13 COMPARISON OF MONTHLY FOUNDATION/FEDERAL RECEIPTS $2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN I 13 FY 13 ACTUAL IElFY 14 EST..FY 14 ACTUAL $17,500,000 COMPARISON OF FOUNDATION/FEDERAL YEAR TO DATE $15,000,000 $12,500,000 $10,000,000 $7,500,000 $5,000,000 $2,500,000 +-~~- $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN oytd 13 ACTUAL t21ytd 14 EST..YTD 14 ACTUAL Page 11

14 COMPARISON OF STATE FOUNDATION/FEDERAL June 30,2014 MONTH YEAR-TO-DATE Actual State Receipts $981,828 $14,750,496 Estimated State Receipts $1,315,932 $14,581,959 Variance From Estimate UNDER ($334,104) OVER $168,537 Variance From Estimate UNDER % OVER 1.16% Actual Prior Year $1,041,935 $13,533,300 Total Estimate $14,581,959 Percent Of Total Estimate Received % Percent Of Budget Year Completed 12 months % COMMENTS: We completed the year above annual estimates. The annual variance is due to changes in the funding formula and items that are added on to the basic school foundation formula. Page 12

15 COMPARISON OF MONTHLY INTEREST REVENUE $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN I!llIFY 13 ACTUAL IllIFY 14 EST..FY 14 ACTUAL COMPARISON OF INTEREST REVENUE YEAR TO DATE $500,000 $400,000 $300,000 $200,000 $100,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN EilYTD 13 ACTUAL mytd 14 EST..YTD 14 ACTUAL Page 13

16 COMPARISON OF INTEREST EARNINGS June 30,2014 MONTH YEAR-TO-DATE Actual Interest Receipts $6,550 $171,490 Estimated Interest Receipts $6,602 $122,948 Variance From Estimate UNDER ($52) OVER $48,542 Variance From Estimate UNDER -0.79% OVER 39.48% Actual Prior Year $39,180 $267,684 Total Estimate $122,948 Percent Of Total Estimate Received % Percent Of Budget Year Completed 12 months % COMMENTS: We completed the year above annual estimates. This is due to the benefit of some longer maturities and looking at products that would balance our desire for yield and security despite the Federal Reserve's overnight rate remaining at %. Page 14

17 COMPARISON OF MONTHLY OTHER REVENUE $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN ($100,000) -' ~ I 0 FY 13 ACTUAL fa FY 14 EST. FY 14 ACTUAL $2,200,000 COMPARISON OF OTHER REVENUE YEAR TO DATE $2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN oytd 13 ACTUAL mytd 14 EST..YTD 14 ACTUAL Page 15

18 COMPARISON OF OTHER REVENUES June 30,2014 MONTH YEAR-TO-DATE Actual Other Receipts $34,153 $2,153,899 Estimated Other Receipts $68,311 $1,756,756 Variance From Estimate UNDER ($34,158) OVER $397,143 Variance From Estimate UNDER % OVER 22.61% Actual Prior Year $73,789 $1,511,023 Total Estimate $1,756,756 Percent Of Total Estimate Received % Percent Of Budget Year Completed 12 months % COMMENTS: We completed the year above annual estimates. The annual variance is due to refunds from SERS and the Delaware County Auditor that were received in the fall. Page 16

19 COMPARISON OF MONTHLY EXPENDITURES $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN I mfy 13 ACTUAL mfy 14 EST..FY 14 ACTUAL COMPARISON OF TOTAL EXPENDITURES YEAR TO DATE $180,000,000, $165,000, JJ2 $150,000, , JlI $135,000,000 $120,000,000 $105,000,000 $90,000,000 $75,000,000 $60,000,000 $45,000,000 $30,000,000 $15,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN mytd 13 ACTUAL mytd 14 EST..YTD 14 ACTUAL Page 17

20 COMPARISON OF TOTAL EXPENDITURES June 30,2014 MONTH YEAR-TO-DATE Actual Expenditures $13,720,111 $170,808,678 Estimated Expenditures $14,094,508 $172,656,184 Variance From Estimate UNDER ($374,397) UNDER ($1,847,506) Variance From Estimate UNDER -2.66% UNDER -1.07% Actual Prior Year $14,293,756 $166,253,117 Total Estimate $172,656,184 Percent Of Total Estimate Spent 98.93% Percent Of Budget Year Completed 12 months % COMMENTS: We completed the year below annual estimates. The variance is due to various issues that will be explained in the remainder of the report. Page 18

21 COMPARISON OF MONTHLY WAGE EXPENSE $10,000,000 $9,800,000 $9,600,000 $9,400,000 $9,200,000 $9,000,000 $8,800,000 $8,600,000 $8,400,000 $8,200,000 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN I mfy 13 ACTUAL mj FY 14 EST. FY 14 ACTUAL $120,000,000 COMPARISON OF WAGE EXPENSE YEAR TO DATE $110,000,000 $100,000,000 $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 JUL AUG SEP OCT NOV' DEC JAN FEB MAR APR MAY JUN El YTO 13 ACTUAL ElYTD 14 EST..YTO 14 ACTUAL Page 19

22 COMPARISON OF WAGE EXPENDITURES June 30,2014 MONTH YEAR-TO-DATE Actual Wage Expenditures $9,138,607 $109,496,902 Estimated Wage Expenditures $9,418,926 $110,198,081 Variance From Estimate UNDER ($280,319) UNDER ($701,179) Variance From Estimate UNDER -2.98% UNDER -0.64% Actual Prior Year $8,952,871 $108,586,841 Total Estimate $110,198,081 Percent Of Total Estimate Spent 99.36% Percent Of Budget Year Completed 12 months % COMMENTS: We completed the year below annual estimates. The annual expense variance is primarily due to lower than expected salary/wage expenses that resulted from the effect of replacing retirees with staff lower on the salary schedule. Page 20

23 COMPARISON OF MONTHLY FRINGE BENEFIT COSTS $4,000,000 $3,750,000 $3,500,000 $3,250,000 $3,000,000 $2,750,000 $2,500,000 $2,250,000 $2,000,000 $1,750,000 $1,500,000 $1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN I Ell FY 13 ACTUAL r.a FY 14 EST. a FY 14 ACTUAL COMPARISON OF FRINGE BENEFITS YEAR TO DATE $40,000,000 $36,000,000 $32,000,000 $28,000,000 $24,000,000 $20,000,000 $16,000,000 $12,000,000 $8,000,000 $4,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN mytd 13 ACTUAL r.1iytd 14 EST. aytd 14 ACTUAL Page 21

24 COMPARISON OF FRINGE BENEFIT EXPENDITURES June 30,2014 MONTH YEAR-TO-DATE Actual Fringe Benefit Expenditures $3,381,615 $40,362,691 Estimated Fringe Benefit Expenditures $3,396,092 $40,888,889 Variance From Estimate UNDER ($14,477) UNDER ($526,198) Variance From Estimate UNDER -0.43% UNDER -1.29% Actual Prior Year $3,160,882 $39,019,413 Total Estimate $40,888,889 Percent Of Total Estimate Spent 98.71% Percent Of Budget Year Completed 12 months % COMMENTS: We completed the year below estimates. The annual variance was primarily due to lower insurance premiums than originally planned by the district moving to self-funded insurance plan. Page 22

25 COMPARISON OF MONTHLY PURCHASED SERVICE COSTS $1,500, , $1,350,000 $1,200,000 $1,050,000 $900,000 $750,000 $600,000 $450,000 $300,000 $150,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN I IilFY 13 ACTUAL iii FY 14 EST. FY 14 ACTUAL $13,000,000 COMPARISON OF PURCHASED SERVICES YEAR TO DATE $12,000,000 $11,000,000 $10,000,000 $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000, = $4,000, $3,000,000 $2,000,000 $1,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN E1YTO 13 ACTUAL I!'J YTO 14 EST. YTO 14 ACTUAL Page 23

26 COMPARISON OF SERVICE EXPENDITURES June 30,2014 MONTH YEAR-TO-DATE Actual Service Expenditures $738,771 $12,170,259 Estimated Service Expenditures $755,123 $12,271,578 Variance From Estimate UNDER ($16,352) UNDER ($101,319) Variance From Estimate UNDER -2.17% UNDER -0.83% Actual Prior Year $1,616,434 $11,401,014 Total Estimate $12,271,578 Percent Of Total Estimate Spent 99.17% Percent Of Budget Year Completed 12 months % COMMENTS: We completed the year below estimates. The annual variance was primarily due to lower than expected utility expenditures. Page 24

27 COMPARISON OF MONTHLY MATERIAL EXPENSES $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN I ElFY 13 ACTUAL mfy 14 EST..FY 14 ACTUAL $6,000,000 COMPARISON OF MATERIALS EXPENSES YEAR TO DATE $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN I3YTD 13 ACTUAL IilIYTD 14 EST..YTD 14 ACTUAL Page 25

28 COMPARISON OF MATERIAL EXPENDITURES June 30,2014 MONTH YEAR-TO-DATE Actual Material Expenditures $288,215 $4,985,676 Estimated Material Expenditures $457,246 $5,639,875 Variance From Estimate UNDER ($169,031) UNDER ($654,199) Variance From Estimate UNDER % UNDER % Actual Prior Year $414,495 $3,620,885 Total Estimate $5,639,875 Percent Of Total Estimate Spent 88.40% Percent Of Budget Year Completed 12 months % COMMENTS: We completed the year below estimates. The annual variance is due to fuel expenses being less than expected as well as the timing of payments for maintenance projects that are in progress. Page 26

29 COMPARISON OF MONTHLY EQUIPMENT EXPENSES $150,000 $140,000 $130,000 $120,000 $110,000 $100,000 $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN I IlJFY 13 ACTUAL &lfy 14 EST. FY 14 ACTUAL COMPARISON OF EQUIPMENT EXPENSES YEAR TO DATE $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN IilIYTO 13 ACTUAL IllIYTO 14 EST..YTO 14 ACTUAL Page 27

30 COMPARISON OF EQUIPMENT EXPENDITURES June 30,2014 MONTH YEAR-TO-OATE Actual Equipment Expenditures $14,579 $338,739 Estimated Equipment Expenditures $4,861 $279,659 Variance From Estimate OVER $9,718 OVER $59,080 Variance From Estimate OVER % OVER 21.13% Actual Prior Year $19,031 $233,883 Total Estimate $279,659 Percent Of Total Estimate Spent % Percent Of Budget Year Completed 12 months % COMMENTS: We completed the year above estimates. The variance is primarily due to increased capital expenditures at the building and department level to support student and staff needs. Increased outlay for equipment was offset by reduced spending in other areas of the respective budgets. Page 28

31 COMPARISON OF MONTHLY OTHER EXPENSES $1,300,000 $1,200,000 $1,100,000 $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN I EI FY 13 ACTUAL fli FY 14 EST. FY 14 ACTUAL COMPARISON OF OTHER EXPENSES YEAR TO DATE $3,300,000 $3,000,000 $2,700,000 $2,400,000 $2,100,000 $1,800,000 $1,500,000 $1,200,000 $900,000 $600,000 $300,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN E1YTD 13 ACTUAL ElYTD 14 EST..YTD 14 ACTUAL Page 29

32 .. COMPARISON OF OTHER EXPENDITURES June 30,2014 MONTH YEAR-TO-DATE Actual Other Expenditures $158,324 $3,454,411 Estimated Other Expenditures $62,260 $3,378,102 Variance From Estimate OVER $96,064 OVER $76,309 Variance From Estimate OVER % OVER 2.26% Actual Prior Year $130,043 $3,391,081 Total Estimate $3,378,102 Percent Of Total Estimate Spent % Percent Of Budget Year Completed 12 months % COMMENTS: We completed the year above estimates. The variance is primarily due to higher than expected year advances because of outstanding purchase orders in federal grant funds. The advances will be paid back to the general fund in July. Page 30

33 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: Time: 11 :58 am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code GENERAL FUND 36,191, ,650, ,258, ,646, ,840, ,609, ,188, ,421, General Fund Transportation 143, , , , , Graded Course of Study 1,906, ,279, , ,600, ,585, , , BOND RETIREMENT 8,014, , ,655, , ,457, ,212, ,212, Energy Conservation Sinking Fund 760, , ,140, ,140, HB 264 Energy Conservation Proj ect 76, , , , , , Building Fund November , , , Novembe r 2008 Bond Issue 4,056, , ,718, ,338, , , November 2012 Bond Issue ,872, , ,847, ,024, ,180, ,844, Retainage Escrow 63, , Food Service 204, , ,764, , ,532, , , , SPECIAL TRUST FUND-MCGEE SPECIAL TRUST -SCHOLARSHIP 3, , , , , SPECIAL TRUST -MCGARVEY Stadtlander Family Local Scholarship 5, , , , , Davis Middle Judy Overberg Trust

34 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 2 Time: 11 :58 am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code Bill Headlee Memorial Scholarship 6, , , , , District Community Education Fund 77, , , , , , , Community Education - Ski Club 56, , , , , , Coffman Principal's Fund 24, , , , , , , Sells Middle Principal's Fund 28, , , , , Davis Middle principal's Fund 33, , , , , , , , Indian Run - Principal's Fund 13, , , , , , Olde Sawmill - Principal's Fund 6, , , , , , Deer Run Principal's Fund 4, , , , , Wyandot Principal's Fund 4, , , , , Riverside Principal's Fund 5, , , , , Scottish Corners - Principal's Fund 10, , , , , , Thomas Principal's Fund 16, , , , , , Chapman Principal's Fund 25, , , , , , Wright Principal's Fund 9, , , , , , , Scioto Principal's Fund 13, , , , , , ,

35 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 3 Time: 11 :5B am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code Grizzell Middle - Principal's Fund 12, , , , , , , Central Office Support 25, , , , , Support Literacy Conference 2, , , , , Coffman Teachers I Fund 24, , , , , , Support Preschool 408, , , , , , , Scioto Library Support Coffman Library Support 1, , , Jerome Library Support 4, , , BAILEY PRINCIPAL'S FUND 15, , , , , , Teen Institute 1, , , Jerome Teacher's Fund 3, , , , , , Pinney Principal's Fund 15, , , , , , , , Glacier Ridge - Principal's Fund 16, , , , , , Scioto Teacher's Fund , , , Staff Support Ashland 24, , , , Synthetic Field Support Fund 627, , , , , , , ,

36 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 4 Time: 11 :58 am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current unencumbered Bank Begin Balance MTD Receipts Receipts Expendi tures Expenditures Fund Balance Encumbrances Fund Balance Code Coffman Theatre Support Fund 39, , , , , Jerome Theatre Support Fund 238, , O. 00 4, , , Scioto Theatre Support Fund 29, , , , , DJHS - Principal's Fund 41, , , , , , Special Education Conference SUPPORT TRANSPORTATION DEPT. 16, , O , , Support Maintenance Department 1, , , Karrer Principal's Fund 20, , , , , District Support Fund , , , , , NEA Foundation Riverside Tech Frontiers Special Educ Power Plus Program 3, , , , Career Development - Tolles 22, , , , Integrated Educational Systems COSERRC 1, , , West Bridge Academy 1, , , Youth Service America -Growing Together Grant 2, O , ,407.25

37 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 5 Time: 11 :58 am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expendi tures Expenditures Fund Balance Encumbrances Fund Balance Code Dublin Arts Council Grant Wyandot 3, , , , Excellence and Equity through Technology , , , , Summer School 134, , , , , , , Coffman Guidance Testing & Copier 38, , , , , , , Scioto Guidance Testing & Copier 19, , , , , , Jerome Guidance Testing & Copier 32, , , , , , District - PSAT 10, , , , , DISTRICT AGENCY -STRS 397, ,048, ,671, , ,629, , , DISTRICT AGENCY -SERS 4, , ,824, , ,769, , , DISTRICT AGENCY -CHARTWELLS 15, , , , , , , Win/Win Agreement 472, , ,167, , , Agency Dental Insurance 3, , ,655, , ,655, , , Agency Life Insurance 36, , , , , , , DISTRICT AGENCY - i3 Reading Recovery 13, , , , , DISTRICT AGENCY - READING RECOVERY 91, , , , , , , EMPLOYEE BENEFITS-C.M.I.C ,005, ,122, ,291, ,462, ,659, ,659,

38 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 6 Time: 11 :58 am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code EMPLOYEE BENEFITS-VISION 286, , , , , , , DUBLIN EDUCATION FOUNDATION FUND 200, , , Davis - Art Club Davis Middle 6th Grade Outdoor Education 3, , , , , Davis. Math Counts Davis Middle Spanish Club Davis Middle Team 6 1 2, , Davis Middle - Team 6-2 2, , Davis Middle - Team 7-1 3, , , Davis Middle Team Davis Middle Team 8 1 5, , , Davis Middle Student Council Davis Middle Youth to Youth Davis Middle - Yearbook 1, , , Davis Washington DC 4, , , , , Sells Middle Art Club

39 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 7 Time: 11 :58 am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expendi tures Expenditures Fund Balance Encumbrances Fund Balance Code Sells Middle - Nature's Class 1, , , Sells Middle Team 6 1 1, , Sells Middle Team Sells Middle Team Sells Middle Team Sells Middle Team 8 1 1, , , , , Sells. 8th Grade Annual Trip , Sells Middle Student Council Sells Middle Youth to Youth Sells Middle Yearbook Grizzell Middle - School Store Grizzell Middle. Outdoor Club Grizzell Middle. 6th Grade Outdoor Educ. 3, , , , , Grizzell Middle - Team , , Grizzell Middle - Team Grizzell Middle - Team

40 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: Time: 11 :5B am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code Grizzell Middle - Team Grizzell Middle - Team 8-1 3, , , , Grizzell Middle - Team Grizzell Middle Student Council Grizzell Middle - Yearbook 9, , , , , ,320.B Grizzell Middle - Art Club , , Davis Middle Advising & Caring Together Grizzell Video /Technology Club Grizzell Student Social Club Sells Power of the Pen Sells Special Education B Scioto - Class of Scioto Class of , , , ,025.B2 2, , B Scioto - Class of , , , , , , Scioto Class of , , , , Scioto - Class of

41 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 9 Time: 11 :58 am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code Coffman Quiz Team Coffman - Rock Solid Coffman Robotics Club 8, , , , , Coffman Renaissance Club 1, , , Coffman - Social Studies Club Coffman Interact Club , , , DCHS - Principles of Business Coffman Class of , , Coffman - Class of , , , , , , Coffman Class of , , , , , Coffman - Class of , , , , , Coffman - Class of Coffman - Art Club Coffman One Voice: Blac k Student Allianoe Coffman Bowling Club Coffman - Teens for a Cure

42 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 10 Time: 11 :58 am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code Coffman Latin Club Coffman French Club Coffman - German Club Coffman Chinese Club Coffman Japanese Club Coffman Spanish Club , , Coffman - Future Homemakers of America 1, , , Coffman Industrial Tech Club Coffman - OWE Coffman School Store "Rock Shop" 43, , , , , , , Coffman Multicultural Alliance Coffman - Future Teachers of America Karrer Foriegn Language Karrer - Power of the Pen Karrer - School Store Karrer - Student Council 2, , , , ,

43 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 11 Time: 11 :58 am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expendi tures Fund Balance Encumbrances Fund Balance Code Karrer Team _ Karrer - Team Karrer - Team , , , Karrer - Team Karrer - Team Karrer Yearbook 4, , , , , , Karrer - Art Club Karrer Nature's Classroom , , Karrer - Youth Teen Institute 1, , , Karrer Library Council School Musical 5, , , , , Jerome Tournament 5, , , , , , Scioto Tournament , , Coffman Trainer Coffman Tournament 5, , , , , , Coffman Student Council , , , ,

44 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 12 Time: 11 :58 am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expendi tures Expenditures Fund Balance Encumbrances Fund Balance Code Coffman Nat'l Honor Society 4, , , , , Coffman Environmental Club Coffman Communications Club , , Coffman Fencing Club Coffman Key Club 3, , , , , Coffman Physics Club , , , Coffman Science Olympiad Club Coffman Coffman Connection , , Coffman Mu Alpha Theta Dublin Coffman Life Skills 2, , , DCHS - Habitat for Humanity Coffman Yearbook 132, , , , , , Coffman Newspaper 5, , , , , , Coffman Broadcast Video Club 3, , , , Coffman Orchestra Club 1, , Coffman Choral Club 5, , , , ,

45 Date: 06/25/2014 DUBLl N C lty SCHOOLS Page: 13 Time: 11 :58 am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expendi tures Expenditures Fund Balance Encumbrances Fund Balance Code Jerome Class of , , Jerome - Class of , , , , , , Jerome - Class of , , , , , , ,9716 Jerome - Class of , , , , Jerome - Class of Jerome - The Celtic Corner 33, , , , , , Jerome African American Student Enrichment Jerome - Art Club 1, , , Jerome Broadcast & Video Production 5, , , Jerome Principles of Business Jerome Computer Science Club , , , , , Jerome Communications Club Jerome Environmental Club Jerome Japanese Club Jerome - FHA Jerome French Club

46 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 14 Time: 11 :58 am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expendi tures Fund Balance Encumbrances Fund Balance Code Jerome German Club Jerome Interact Club , , , , Jerome Key Club , , Jerome - Latin Club Jerome Multicultural Alliance Jerome National Honor Society 6, , , , , Jerome Newspaper 1, , , , , Jerome Physics Club Jerome - Quiz Team , Jerome Medical Careers Club Jerome Social Studies Club Jerome Spanish Club Jerome - Student Senate , , Jerome - Trainer 2, , , , Jerome Yearbook 15, , , , , , Jerome - Chess Club

47 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 15 Time: 11 :58 am Financial Report by Fund/SCC ( FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code Jerome Photography Club Jerome Vocal Music Jerome - Future Teachers of America Jerome Celtic Connection Jerome Debate Team Jerome Celtic Ambassadors Jerome Celtic Mentors (C CKOM) 1, , , Jerome Literary Magazine Jerome Mu Alpha Theta Math Club Jerome Mock Trial Program , , Jerome Model United Nations Program , , , , Jerome - Chinese Club Jerome Table Tennis Club Jerome - Science Olympiad Club Jerome Challenge Day 10, , , , , , Dublin Business Academy 27, , , , , , , ,

48 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 16 Time: 11 :58 am Financial Report by Fund/SCC ( FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expendi tures Expenditures Fund Balance Encumbrances Fund Balance Code Scioto Social Studies Club Scioto - Art Club Scioto - French Club 2, , , , , Scioto - German Club Scioto Spanish Club Scioto - Future Homemakers of America 2, , , , , Scioto - School Store 51, , , , , , Scioto Mul ticultural Alliance Scioto - Student senate 4, , , , , , Scioto - Nat' 1 Honor Society 4, , , , , , Scioto Environmental Club Scioto Chemistry Club Scioto Interact Club Scioto Key Club 2, , , , , Scioto - Quiz Team 7, , , , , , Scioto Physic's Club

49 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 17 Time: 11 :58 am Financial Report by Fund/SCC ( FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code Scioto Yearbook 5, , , , , Scioto Newspaper 7, , , , , Dublin City Schools Ski Club 20, , , Scioto Rocketry Club DSHS. Future Teachers DSHS. Filmmakers' Club Scioto Literary Magazine Club Scioto Communications Club Scioto Dublin Teachers Academy 1, , , Scioto Mu Alpha Theta , , Scioto - Junior State of America , , Scioto Challenge Day Scioto - African Library Project Scioto - Future Business Leaders of America Scioto Irish C.O.R.E. 2, , , , Scioto - Chinese Club

50 Date: 06/25/2014 DUBLIN CITY SCHOOLS Page: 18 Time: 11 :58 am Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code Davis Middle Athletic 16, , , , , , , Sells Music , , , Sells Middle. Athletic 26, , , , , , , , Grizzell Music Clubs 10, , , , , Grizzell Middle - Athletic 6, , , , , , , Davis Drama 2, , , Davis. Music fund , , , , Karrer Instrumental Music 2, , , , , Karrer ~ Vocal Music Dublin Youth String Orchestra 1, , , , , Karrer Athletics 11, , , , , , , Sells - Drama , , , , Coffman Marching Band 3, , , , , Coffman - Drama 9, , , , , , , Young Professionals Academy (DCHS) 2, , , , , Jerome Athletics 124, , , , , , ,