1

Douglas CountySchool District Re. 1

Board Of Education4th Quarter

Financial ReportSeptember 18 , 2012

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GENERAL FUND EXPENDITURE COMPARISONFY 2010-2011 to FY 2011-2012

For the Period Ending June 30, 2012

Salaries234,001,436

67%

Benefits66,838,806

19%

Operating47,130,977

14%

FY 2011-2012 YTD Actual Expen-ditures

Total expenditures through 4th Quarter FY 2011-2012 are

$347,971,219  

In addition to these expenditures, there are transfers to charter schools and other funds

of$86,907,4

85  

Total expenditures for this Quarter FY 2010-2011 are

$345,543,584  

In addition to these expenditures, there are transfers to charter schools and other funds

of$75,556,5

76  

Salaries231,585,320

67%

Benefits65,118,791

19%

Operating48,839,473

14%

FY 2010-2011 YTD Audited Expen-ditures

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A Year in Review

• Bond Refunding – Moody’s and Fitch affirm Aa1/AA Bond Rating resulting in a savings to Douglas County Tax Payers of over $4 Million in bonded debt

• Resolved Special Ed Maintenance of Effort Issue saving over $2 M

• Revised BOE Ending Fund Balance Policy back to former 3%/3%/1% indicative of fiscal stability

• Cancelled Letter of Credit – On going savings of over $160,000

• Utility Management – savings of over $1.5

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General Fund* Unassigned Ending Fund Balance

FY 2012 Estimated ActualsFY 2012

Estimated Actuals

Non-spendable -Inventories & Prepaid Costs $0.47 M

TABOR Reserve - 3% of Expenditures $11.80 M

Assigned & Reported to:

Early Separation Agreement 3.16 M

Extended Severance Separation 4.00 M

Retention Stipend 5.60 M

$125/Student One Time Monies to Schools 6.40 M

0.9% PERA Increase 2.20 M

Schools and Departments 24.30 M

Unassigned $15.7 M