may 2009 financial summary saint louis public schools may 2009 monthly financial report fiscal year...
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May 2009 FINANCIAL SUMMARY
Saint Louis Public SchoolsMay 2009 Monthly Financial Report
FISCAL YEAR 2008-2009Financial Report
May 2009 Year-To-Date
Saint Louis Public Schools March 2009 Monthly Financial Report 26/25/2009 12:17 PM
FY08-09 Projection Highlights:Revenues $312.8M
Revenues are tracking $ 7.1M above the current budget due to property taxes and prior year adjustments.
Expenditures $348.1MExpenditures are tracking $ 5.9M above the current budget due to raises.
Deficit Spend $ 35.3MThe deficit spend is tracking $1.2M below the current budget.
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Current Revenue Budget: $305.7MProjected Revenue: $312.8M
◦Local: +1.5M◦State: +6.0M◦Federal: -0.4M
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Current Expenditure Budget: $342.2M
Projected Expenditures: $348.1M◦Payroll Related:
+8.5M◦Professional & Property Svcs: -
2.0M◦Transportation: -
1.1M◦Operating Expenditures:
+0.4M
+5.8M
Projected Deficit Spend: $ 35.3M
Saint Louis Public Schools March 2009 Monthly Financial Report 56/25/2009 12:17 PM
July 1, 2008-Beginning Fund Balance ($12,373)
REVENUE $305,681 Local ………
$203,372 County ………
2,911 State
……… 92,738 Federal ………
6,660
EXPENDITURE $342,238 Payroll ………
$217,556 Non-Payroll ……
124,682
Net ADD/(DEPLETION) of Reserves ($36,557)
June 30, 2009-Ending Fund Balance ($48,930)
Current VS Projected Year End Budget Current VS Projected Year End Budget - GOB- GOB
(in thousands)(in thousands)
($12,373)
$312,754 $204,851 2,862 98,743 6,298
$348,103 $226,027 122,076
($35,349)
($47,722)
Current Budget Projected Budget
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GOB Unrestricted Fund Balance: May 2009 (in thousands)
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Saint Louis Public SchoolsFY 2008 - 2009
MAY 2009Federal Funds
in thousands
CURRENT BUDGET 2008-2009
ACTUAL MAY YTD
Beginning Fund Balance 4,278$ 4,278$
Revenue:Local Revenues 1,218 1,138 State Revenues 6,325 681 Federal Revenues 53,366 31,133
Total Revenues 60,909$ 32,952$
Salary & Benefit Expenditures:Salaries 30,606$ 23,035$ Benefits 10,030 8,575
Salary & Benefit Expenditures 40,636$ 31,610$
Non-Payroll Expenditures:Purchased/Professional Services 10,991$ 5,798$ Operational Expenditures 3,187 1,066 Supplies 5,168 1,449 Equipment 880 19 Debt Obligations 321 143
Non-Payroll Expenditures 20,546$ 8,476$ Total Expenditures 61,182$ 40,086$
Net Add. / (Depletion) of Reserves (273)$ (7,134)$
Ending Fund Balance - Federal (1) 4,005$ (2,800)$ 1. Ending Fund Balances are unaudited.2. Variances due to rounding
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Saint Louis Public SchoolsFY 2008 - 2009
MAY 2009Capital Funds
in thousands
CURRENT BUDGET 2008-2009
ACTUAL MAY YTD
Beginning Fund Balance 120,530$ 119,792$
Revenues:Local Revenues 527 166 State Revenues 10,000 10,000 Other Sources 39,000 40,745
Gross Revenues 49,527$ 50,911$
Salary & Benefit Expenditures:Salaries 332$ 231$ Benefits 94 70
Salary & Benefit Expenditures 426$ 301$
Non-Payroll Expenditures:Purchased/Professional Services 370$ 360$ Building Improvement 24,636 20,734 Operational Expenditures 80 69 Equipment 34 - Debt Obligations - -
Non-Payroll Expenditures 25,120$ 21,163$ Total Expenditures 25,545$ 21,464$
Net Add. / (Depletion) of Reserves 23,982$ 29,447$
Ending Fund Balance - Capital 144,512$ 149,239$
1. Variances due to rounding2. Ending Fund Balances are unaudited
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Saint Louis Public SchoolsFY 2008 - 2009
MAY 2009Debt Service
in thousands
CURRENT BUDGET
2008 -2009
ACTUAL MAY YTD
Beginning Fund Balance 29,502$ 29,502$
Revenues:Local Revenues 27,079$ 26,619$ County Revenues 390 8 Other Sources - -
Gross Revenues 27,470$ 26,627$
Non-Payroll Expenditures:Debt Obligations 30,273 27,698
Total Expenditures 30,273$ 27,698$
Net Add. / (Depletion) of Reserves (2,804)$ (1,072)$ Ending Fund Balance-Debt Svc (1) 26,698$ 28,430$ 1. Ending Fund Balances are unaudited.2. Variances due to rounding
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Saint Louis Public SchoolsFY 2008 - 2009
MAY 2009Food Service
in thousands
CURRENT BUDGET 2008-2009
ACTUAL MAY YTD
Beginning Fund Balance -$ -$
Revenues:Local Revenues 951 643 State Revenues 107 - Federal Revenues 12,213 8,189
Total Revenues 13,270$ 8,832$
Salary & Benefit Expenditures:Salaries 85$ 76$ Benefits 9 7
Salary & Benefit Expenditures 94$ 83$
Non-Payroll Expenditures:Purchased/Professional Services 13,161 10,005 Supplies 10 10 Equipment - - Debt Obligations - - Operational Expenditures 4 3
Non-Payroll Expenditures 13,176$ 10,018$ Total Expenditures 13,270$ 10,100$
Net Add. / (Depletion) of Reserves -$ (1,268)$
Transfer from GOB 1,075$
Ending Fund Balance-Food Svc (1) (193)$ 1. Ending Fund Balances are unaudited.2. Variances due to rounding
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Saint Louis Public SchoolsFY 2008 - 2009
MAY 2009Trust & Agency Funds
in thousands
CURRENT BUDGET 2008-2009
ACTUAL MAY YTD
Beginning Fund Balance 5,909$ 4,842$
Revenues:Local Revenues 480 1,785 State Revenues 649 1,048 Other Sources 1,416 -
Gross Revenues 2,546$ 2,833$
Salary & Benefit Expenditures:Salaries 688$ 709$ Benefits 341 268
Salary & Benefit Expenditures 1,029$ 977$
Non-Payroll Expenditures:Purchased/Professional Services 590$ 219$ Supplies 534 94 Equipment 117 35 Operational Expenditures 276 125
Non-Payroll Expenditures 1,517$ 473$ Total Expenditures 2,546$ 1,449$
Net Add. / (Depletion) of Reserves (0)$ 1,383$
Transfer from GOB -$ -$
Ending Fund Balance - Trust (1) 5,908$ 6,226$ 1. Ending Fund Balances are unaudited.2. Variances due to rounding