Macon County BOE, AL 1 County Board of Education of Macon County, Alabama, Capital Outlay School Warrants, Series 2016, $18,015,000, Dated: February 1, 2016 2 County Board of Education of Macon County, Alabama, Capital Outlay School Warrants, Series 2014, $6,140,000, Dated: January 1, 2014 3 County Board of Education of Macon County, Alabama, Capital Outlay School Warrants, Series 2012, $5,750,000, Dated: July 1, 2012 The Board Total Enrollment in the County School System during the current year and last five school years Enrollment 2016-2017 2,139.00 Major Sources of Revenue Annual Receipts 2015-2016 State Revenues 14,019,454.69 Federal Revenues 4,458,188.92 Local and Other Revenues 5,035,200.60 Total 23,512,844.21 County Board of Education of Macon County Budget - All Funds 2016-2017 Revenues and Receipts: State Revenues 11,885,083.81 Federal Revenues 3,465,346.63 Local Revenues 4,879,834.00 Other Revenues 145,253.48 Total Revenues 20,375,517.92 Expenditures: Instruction Services 9,110,931.46 Instructional Support Services 3,253,999.42 Operation and Maintenance 2,059,781.66 Auxiliary Services 3,126,522.00 General Administrative Services 1,957,787.64 Capital Outlay - Debt Service 1,061,813.51 Other Expenditures 465,982.71 Total Expenditures 21,036,818.40 Other fund sources (uses): Other fund sources (uses): 1,657,525.80 Other fund uses 1,468,424.31 Total Other Fund Sources (Uses) 189,101.49 Excess Revenues and Other Sources and Other Sources Over (Under) Expenditures and Other Fund Uses: - 472,198.99 Beginning Fund Balances - October 1 7,062,636.67 Ending Fund Balances - September 30 6,590,437.68
Consolidated Summary of Receipts and Expenditures 2015-2016 Revenues: State 14,019,454.69 Federal 4,458,188.92 Local 4,863,611.40 Other 171,589.20 Total Revenues 23,512,844.21 Expenditures: Current: Instruction 106,103,152.48 Instructional Support 4,249,636.01 Operation and Maintenance 2,852,698.88 Auxiliary Services: 4,652,822.60 Student Transportation 2,328,461.50 Food Service 2,324,361.10 General Administration and Central Support 2,231,532.27 Other Capital Outlay Debt Service: Principal and Retirement 15,512,261.52 Interest and Fiscal Charges 1,274,314.51 Other Debt Service/Debt Issuance 569,389.80 Costs Total Expenditures 42,575,293.10 Excess (Deficiency) of revenues over expenditures - 19,062,448.89 Other Financing Sources (Uses): Indirect Cost 296,721.94 Long-Term Debt Issued Premium on Long-Term Debt Issued Transfers In 1,883,615.59 Other Financing Sources Other Financing Uses Sale of Capital Assets Transfers Out 2,180,337.53 Discounts on Long-Term Debt Issued Payments to Refunding Escrow Agent Total Other Financing Sources (uses) Net Change in Fund Balances - 286,930.43 Beginning Fund Balances - October 1 7,349,637.95 Ending Fund Balances - September 30 7,062,707.52
Long Term Indebtedness 2016 Designation Source of Payment Maturity Principal Outstanding Series 2016 Property Tax Feb 2046 18,015,000.00 Series 2014 Property Tax Feb 2043 6,140,000.00 Series2012 Property Tax April 2040 5,750,000.00 Debt Service Requirements for the Warrants - see attached Debt Service on Debt Service on Debt Service on Total Aggregate Period Ending September 30 Series 2016 Series 2014 Series 2012 Debt Service Proration of State Appropriations Effective Percentage Proration 2016 None
Table No.4 DEBT SERVICE REQUIREMENTS FOR THE WARRANTS Debt Service on Debt Service on Debt Service on Debt Service on Total Period Ending Series 2016 Series 2014 Series 2012 Series 2006 Aggregate Debt September 30 Warrants Warrants Warrants Bonds Service 2016 $ 284,430.63 $231,268.76 $ 230,000.00 $ 376,937.50 $ 1,122,636.89 2017 982,561.26 231,268.76 230,000.00 0.00 I,443,830.02 2018 989,661.26 231,268.76 230,000.00 0.00 I,450,930.02 2019 986,3 I 1.26 231,268.76 230,000.00 0.00 1,447,580.02 2020 I,022,061.26 23 I,268.76 230,000.00 0.00 I,483,330.02 2021 1,213,911.26 23 I,268.76 230,000.00 0.00 I,675,180.02 2022 I,217,236.26 231,268.76 230,000.00 0.00 I,678,505.02 2023 I,218,661.26 231,268.76 230,000.00 0.00 I,679,930.02 2024 I,272,345.63 231,268.76 230,000.00 0.00 1,733,614.39 2025 492,755.00 I,067,987.5 I 230,000.00 0.00 1,790,742.51 2026 496,030.00 I,055,650.01 230,000.00 0.00 1,781,680.01 2027 494,230.00 I,065,756.26 230,000.00 0.00 1,789,986.26 2028 55 I,530.00 1,062,971.88 230,000.00 0.00 1,844,501.88 2029 543,005.00 1,067,743.75 230,000.00 0.00 1,840,748.75 2030 1,524,555.00 74,462.50 230,000.00 0.00 I,829,0 I 7.50 2031 I,525,005.00 74,462.50 230,000.00 0.00 I,829,467.50 2032 I,573,03 7.50 74,462.50 230,000.00 0.00 I,877,500.00 2033 I,578,095.00 74,462.50 230,000.00 0.00 I,882,557.50 2034 I,575,845.00 74,462.50 230,000.00 0.00 I,880,307.50 2035 I,576,360.63 74,462.50 230,000.00 0.00 I,880,823.13 2036 I,579,448.13 74,462.50 230,000.00 0.00 I,883,910.63 2037 464,630.00 74,462.50 I,835,000.00 0.00 2,374,092.50 2038 462,570.00 74,462.50 I,835,800.00 0.00 2,372,832.50 2039 465,060.00 74,462.50 I,834,000.00 0.00 2,373,522.50 2040 462,100.00 74,462.50 769,600.00 0.00 I,306,162.50 2041 463,690.00 572,668.75 0.00 0.00 1,036,358.75 2042 464,690.63 573,503.13 0.00 0.00 1,038,193.76 2043 460,190.63 0.00 0.00 0.00 460,190.63 2044 465,146.88 0.00 0.00 0.00 465,146.88 2045 464,468.76 0.00 0.00 0.00 464,468.76 2046 463,246.88 0.00 0.00 0.00 463 246.88 Total $27,332,870.12 $ 9,944,853.26 $ 11,104,400.00 $ 376,937.50 $ 48,759,060.88 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 21
MACON COUNlY BOARD OF EDUCATION COMBINED BAlANCE SHEET -All FUND TYPES AND ACCOUNT GROUPS SEPTEMBER 30, 2016 EXHIBIT F-1-A FUND TYPES & ACCOUNT GROUPS GOVERNMENTAL PROPRIETARY FIDUCIARY ACCT GROUPS SPECIAL DEBT CAPITAL ENTERPRISE TRUST& F/A& DESCRIPTION GENERAL REVENUE SERVICE PROJECTS INTERNAL AGENCY l/tdebt - ---- - --------- --------- -------- ---- ------------ -------- ASSETS & OTHER DEBITS: CASH & CASH EQUIVALENTS 2.007.221.62 718.912.92 528.327.67 3.230.055.56 0.00 49.517.45 0.00 INVESTMENTS 100,025.14 0.00 0.00 0.00 0.00 0.00 0.00 RECEIVABLES ALLOWANCE FOR OOUBTFUL ACCTS 0.00 0.00 0.00 0.00 0.00 o.oo 0.00 INTERFUNO RECEIVABLES 265,518.17 11,351.40 0.00 0.00 0.00 0.00 0.00 OTHER RECEIVABLES 47.451.99 584.952.67 0.00 39.99 0.00 0.00 0.00 INVENTORIES 0.00 37.851.69 0.00 0.00 0.00 0.00 0.00 OTHER ASSETS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 FIXED ASSETS 0.00 0.00 0.00 o.oo 0.00 0.00 58.071.384.59 ACCUMUlATED DEPRECIATION 0.00 0.00 0.00 0.00 0.00 0.00 0.00 OTHER DEBITS AMT AVAILABLE IN DEBT SVC 0.00 0.00 0.00 0.00 0.00 0.00 399.248.29 AMT PROV FOR PMT OF l-t OEST 0.00 0.00 0.00 0.00 0.00 0.00 34.087.859.56 OTHER OEBITS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL ASSETS & OTHER DEBITS 2.420.216.92 1.353.068.68 528.327.67 3.230,095.55 0.00 49,517.45 92.558.492.44 LIABILITIES & FUND EQUITY: LIABILITIES: SALARIES & BENEFITS PAYABLE 0.00 0.00 0.00 0.00 0.00 o.oo o.oo PAYROLL W/H & OED PAYABLE 0.00 0.00 0.00 0.00 0.00 0.00 o.oo CLAIMS PAYABLE 148,080.08 32,862.43 0.00 0.00 0.00 8.643.25 0.00 OTHER PAYABLES INTERFUNO PAYABLES 11.351.40 265,518.17 0.00 0.00 0.00 0.00 0.00 OTHER PAYABLES 115.26 0.00 0.00 0.00 0.00 0.00 0.00 OTHER LIABILITIES 0.00 51.948.16 0.00 0.00 0.00 0.00 0.00 LONG TERM LIABILITIES 0.00 0.00 0.00 0.00 0.00 o.oo 34.487.107.85 TOTAL LIABILITIES 159,546.74 350.328.76 0.00 0.00 0.00 8,643.25 34.487.107.85 FUND EOUllY: INVESTMENT IN FIXED ASSETS 0.00 0.00 0.00 0.00 0.00 0.00 58.071.384.59 RETAINED EARNINGS o.oo 0.00 0.00 0.00 0.00 0.00 o.oo CONTRIBUTED CAPITAL 0.00 0.00 0.00 0.00 0.00 0.00 0.00 RESERVED FUND BALANCE 89.787.80 277.111.43 0.00 71.845.10 0.00 0.00 0.00 UNRESERVED FUND BALANCE 2.170.882.38 725,628.49 528.327.67 3.158,250.45 0.00 40,874.20 0.00 TOTAL FUND EQUllY 2.260,670.18 1.002.739.92 528.327.67 3,230.095.55 0.00 40.874.20 58.071.384.59 TOTAL LIABILITIES & FUND EQUllY 2.420.216.92 1.353.068.68 528.327.67 3.230,095.55 0.00 49.517.45 92.558.492.44