Annual Budget
Fiscal Year 2014
Jason W. Taylor
September 5, 2013
1
Fiscal Year 2014 Budget
`
(Proposed)
ACTUAL
BUDGET
GOVERNMENTAL
-------------SPECIAL
DEBT
REVENUE
SERVICE $
$
108,078,774
-------------REVENUES
STATE REVENUES
GENERAL
FEDERAL REVENUES
LOCAL REVENUES
REVENUES
OTHER
REVENUES
STATE
REVENUES
TOTAL REVENUES
FEDERAL REVENUES
LOCAL REVENUES
EXPENDITURES:
OTHER
REVENUES
INSTRUCTIONAL SERVICES
TOTALINSTRUCTIONAL
REVENUES
SUPPORT SERVICES
$ 108,196,347
676,885
93,112,935
201,986,167
$
EXCESS
REVENUES
& OTHER SOURCES
OTHER
FUND
SOURCES
(USES):
OVER(UNDER)EXPENDITURES
& OTHER FUND USES
OTHER
FUND SOURCES
OTHER FUND USES
BEGINNING FUND BALANCE
TOTAL OTHER FUND SOURCES (USES)
117,299,607
35,656,744
25,916,807
7,367,986
7,286,360
400,000
3,168,629
197,096,133
RESERVED FUND BALANCE (ENDING)
UNRESERVED FUND BALANCE (ENDING)
BEGINNING FUND BALANCE - OCT 1
ENDING
FUND BALANCE - SEP 30
REQUIRED FUND BALANCE (ALSDE)
% COVERAGE OF REQUIRED FUND BALANCE
845,251
1,422,767
(577,516)
92,987,042
3,256,256
$
-
$10,00072,869,976
202,328,788
2,101,865
119,636,495
74,971,841
35,237,781
(1,035,476)
6,370,789
471,738
9,831,316
2,314,644
2,000,000
844,421
314,644
7,564,503
7,564,503
2,927,128
$
3,771,549
$
-
10,675,737
257,555
3,903,240
1,625,597.38
9,050,139.77
844,421
-
7,056,969
$ 17,900,000
$ 7,314,524
16,369,981.23
55.3%
3,771,549.09
3,250,000
40,000,000
$ 7,153,240
$ 20,547,332
3,771,549.09
16,369,981.23
23.0%
0.2%
147,870
186,257
3,279,264
2,012,865
323,193
(240,284)
1,597,922 9,500
1,680,831
343,627
130,031,075
0.0%
43,793,690
1.7%
27,411,907
1.0%
19,396,353
8,235,751
86,225,000
34.1%
10,620,772
-25.3%
4,754,899
168.4%
177.1%
330,469,447
6,904,188
235.9%
-
-
$ 6,904,188
(19,452,668)
53,873
1,625,597
-1.9%
12,868,260
9,879,147
2,989,113
183.1%
(15,238,000)
43.1%
5,278,591
140.0%
6,904,188
183.1%
330,386
$
0.2%
$ 182,164,220
1.6%
24,889,603
104,938,511
250,000
-1.0%
312,242,334
2.5%
-0.5%
(3,795,371)
-
17,900,000
10,675,737.15
900,000
5,236,836
740,000
198,452,640
85,825,000
2,149,033 6,959,509
3,098,053
(949,020)
94,424,509
1.6%
3,210,492
397,500
(1,903,656)
397,500
4,996,366
23,324,132
7,418,853
-0.3%
361,957
5,899,051
1,227,753 3,661,263
3,661,263
2,989,113
7,879,147
(4,890,034)
$
24,359,609
11,683,598
11,214,224
1,227,753
7,950,689
1,957,572
755,100
196,439,775
12,028,367
949,391
323,193
1,908,749
1,576,770
1,500,132
731,810
34,943,915
ENDING FUND BALANCE
EXCESS REVENUES & OTHER SOURCES
OVER (UNDER) EXPENDITURES & OTHER FUND USES
CAPITAL
PROJECTS
107,908,979
% BUDGET
FIDUCIARY
-------------EXPENDABLE
TOTAL
TRUST
(Memo
$
169,795
0.1% Only)
96,243,298
371,957
1,097,897
205,539,280
24,212,718
9,326,211
250,000
121,540,151
34,886,826
30,241,415
OPERATIONS & MAINTENANCE
EXPENDITURES:
AUXILIARY SERVICES
INSTRUCTIONAL
SERVICES
GENERAL ADMINISTRATIVE
SERVICES
DEBT SERVICES
INSTRUCTIONAL
SUPPORT SERVICES
OTHER EXPENDITURES
OPERATIONS
& MAINTENANCE
TOTAL EXPENDITURES
AUXILIARY SERVICES
GENERAL ADMINISTRATIVE SERVICES
OTHER FUND SOURCES (USES):
CAPITAL
OUTLAY
TRANSFERS IN
DEBTOTHER
SERVICES
FUND SOURCES
OTHER
EXPENDITURES
TRANSFERS
OUT
TOTAL
OTHER FUND SOURCES (USES)
TOTAL
EXPENDITURES
$ VAR
--------------
384,259
68,537,355
$ 53,299,355
32.2%
2
General Fund Activity
Fiscal Year 2014 vs. 2013
ACTUAL
BUDGET
REVENUES
FY 2014 BUDGET
STATE REVENUES
REVENUES
FEDERAL REVENUES
STATE
REVENUES
LOCAL REVENUES
OTHER REVENUES
FEDERAL
REVENUES
TOTAL REVENUES
LOCAL REVENUES
OTHER
REVENUES
EXPENDITURES:
INSTRUCTIONAL
SERVICES
TOTAL
REVENUES
$
108,078,774
$
845,251
$
$ VAR
-------------FY 2013
BUDGET
(AMENDED)
--------------
108,196,347
676,885
93,112,935
2,989,113
52.8%
96,243,298
371,957
0.3%
205,539,280
45.4%
1.5%
204,975,280
121,540,151
100.0%
107,908,979
$
1,422,767
$
% BUDGET
--------------
106,839,479
92,987,042 49.7%
10,000 0.7%
1,570,788
202,328,788
101,695,037 47.3%
5,062,433
2.4%
119,636,495 100.0%
215,167,737
--------------
$ VAR
% VAR
169,795
0.1%
(577,516)
-0.3%
$
1,356,868
(893,903)
3,210,492
(8,582,102)
(2,073,320)
1.3%
-56.9%
1.6%
-8.4%
-41.0%
3,256,256
1.6%
361,957
0.2%
(10,192,457)
-4.7%
(1,903,656)
-1.0%
INSTRUCTIONAL SUPPORT SERVICES
30,241,415
35,237,781
4,996,366
2.5%
OPERATIONS & MAINTENANCE
24,359,609
23,324,132
(1,035,476)
-0.5%
5,899,051
6,370,789
471,738
152,956,351
1,227,753
25,916,807
7,367,986
7,286,360
11,447,776
74.6%
11,214,224
12.6%
1,957,572
3.6%
196,439,775
3.6%
0.0%
323,193
5.6%
154,398,872
7,418,853
1,227,753 27,069,245
5,236,836
6,937,393
198,452,640
11,576,989
1,263,878
6,674,845 -
204,975,280
100.0%
1,500,132
EXPENDITURES:
AUXILIARY SERVICES
INSTRUCTIONAL
GENERAL ADMINISTRATIVE SERVICES
SERVICES
DEBT SERVICES
OPERATIONS
& MAINTENANCE
OTHER EXPENDITURES
AUXILIARY
SERVICES
TOTAL EXPENDITURES
GENERAL ADMINISTRATIVE SERVICES
DEBT
OTHERSERVICES
FUND SOURCES (USES):
TRANSFERS
IN
OTHER
EXPENDITURES
OTHER FUND SOURCES
TOTAL
EXPENDITURES
TRANSFERS OUT
1,908,749
TOTAL OTHER FUND SOURCES (USES)
BEGINNING FUND
BALANCE
BEGINNING
FUND
BALANCE
ENDING FUND BALANCE
RESERVED FUND BALANCE (ENDING)
UNRESERVED FUND BALANCE
(ENDING)
% COVERAGE
OF REQUIRED
FUND BALANCE
% COVERAGE OF REQUIRED FUND BALANCE
1,680,831
17,900,000
$
2,927,128
6,904,188
844,421
844,421
10,671,591
-
10,675,737
$
$
3,771,549
17,918,106
1,625,597.38
109%
9,050,139.77
3,771,549.09
109%
$ 6,904,188
$
5,278,591
6,904,188
3,771,549.09
16,369,981.23
-25.3%
177.1%
235.9%
7,228,409
(18,106)
1,625,597
-
0.0%
(7,246,515) -100.0%
9,831,316
10,675,737.15
REQUIRED FUND BALANCE (ALSDE)
(949,020)
-0.9%
-4.3%
1.7%
6.2%
1.0%
-37.1%
-100.0%
34.1%
71.5%
-1.9%
(2,945,942) 168.4%
-1.4%
7,246,515
17,900,000
$
(240,284)
1,597,922
-
OVER(UNDER)EXPENDITURES & OTHER FUND USES
0.2%
(1,442,521)
- (1,152,438)
3,279,264
430,593
2,012,865
(4,290,629)
(1,263,878)
323,193 4,772,931
(3,795,371)
207,921,222
100.0%
3,098,053
731,810
EXCESS REVENUES & OTHER SOURCES
EXCESS REVENUES & OTHER SOURCES
OVER(UNDER)
EXPENDITURES & OTHER FUND USES
ENDING FUND BALANCE
2,149,033
74.3%
13.0%
3.3%
5.6%
0.6%
3.2%
183.1%
-0.1%
43.1%
0%
140.0%
183.1%
16,369,981.23
55.3%
23.0%
32.2%
3
Revenue/Expenditures
As % of Total Revenues
70.0%
63.0% 63.0%
60.0%
50.0%
40.0%
30.0%
10.0%
Revenues
20.0%
Expenditures
29.0%
23.1%
11.4% 11.4%
2.3% 1.1%
0.1% 0.1%
0.0%
GENERAL FUND
SPECIAL
REVENUE FUND
DEBT SERVICE
FUND
CAPITAL
PROJECTS
FUND
OTHER
REVENUES
4
Revenues (by Source) *
$250,000
Sales
Sales
STATE REVENUES - 46.7%
$104,938,511
$114,151,888
FEDERAL REVENUES - 10.2%
LOCAL REVENUES - 43.0%
Federal
$24,889,603
OTHER REVENUES - 0.1%
State
State
Federal
Local
Local
Other
Other
* Percentage allocations are presented net of capital bond proceeds
(~$68,000,000) in order to normalize the revenue allocation between
funding sources.
5
Expenditures (by Function) *
$8,235,751
$15,375,671
Sales
Sales
$19,396,353
INSTRUCTIONAL - 71.2%
OPS & MAINT - 11.2%
$27,411,907
AUXILIARY - 7.9%
Federal
GEN & ADMIN - 3.4%
State
$173,824,765
State
OTHER USES - 6.3%
Federal
Local
Local
Other
Other
* Percentage allocations are presented net of capital construction
outlay (~$86,225,000) in order to normalize true direction of District
expenditures.
6
Fiscal Year 2014
Special Initiatives
FUND TYPES & ACCOUNT GROUPS
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
---------------------------
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
FIDUCIARY
TRUST &
AGENCY
--------------
PRE-KINDERGARTEN PROGRAMS
DESCRIPTION
-------------------------------------ASSETS & OTHER DEBITS:
CASH & CASH EQUIVALENTS
INVESTMENTS
RECEIVABLES
ALLOWANCE FOR DOUBTFUL ACCTS
INTERFUND RECEIVABLES
OTHER RECEIVABLES
INVENTORIES
OTHER ASSETS
FIXED ASSETS
ACCUMULATED DEPRECIATION
OTHER DEBITS
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
GENERAL
--------------
9,770,165.15
2,094.75
9,733,973.38
0.00
4,500.26
0.00
STEM PROGRAMS
0.00
1,500,000.00
5,321,734.39
0.00
0.00
0.00
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
ELL PROGRAMS
0.00
0.00
0.00
16,593,994.29
0.00
0.00
0.00
14,161,557.16
CAPITAL
PROJECTS
--------------
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
0.00
529,508.68
0.00
0.00
FUND
TYPES & ACCOUNT
GROUPS
0.00 DESCRIPTION0.00
-------------------------------------0.00
0.00
ASSETS & OTHER DEBITS:
0.00
730.39
CASH & CASH EQUIVALENTS
0.00
0.00
INVESTMENTS
0.00
0.00
RECEIVABLES
ALLOWANCE
0.00 FOR DOUBTFUL
0.00ACCTS
INTERFUND
0.00 RECEIVABLES0.00
OTHER RECEIVABLES
INVENTORIES
0.00
0.00
OTHER ASSETS
0.00
FIXED 0.00
ASSETS
0.00
0.00
ACCUMULATED
DEPRECIATION
OTHER0.00
DEBITS
530,239.07
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
0.00
0.00
0.00& FUND EQUITY:
56,931.71
LIABILITIES
LIABILITIES:
0.00
0.00
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
0.00
0.00
CLAIMS PAYABLE
0.00
0.00
OTHER
PAYABLES
0.00
INTERFUND
PAYABLES 0.00
OTHER
0.00PAYABLES
0.00
OTHER
LIABILITIES 56,931.71
0.00
LONG-TERM LIABILITIES
TOTAL LIABILITIES
0.00
0.00
GENERAL
0.00
-------------0.00
0.00
9,770,165.15
0.00
2,094.75
0.00
0.00
475,653,053.75
1,500,000.00
0.00
5,321,734.39
0.00
0.00
0.00
27,802,277.77
0.00
0.00
0.00
503,455,331.52
0.00
0.00
0.00
16,593,994.29
0.00
0.00
0.00
274,082.01
0.00
0.00
18,950.00
0.00
0.00
0.00
3,491,350.69
27,802,277.77
0.00
27,802,277.77
2,133,874.44
5,918,257.14
$
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
---------------------------
900,000
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
0.00
0.00
529,508.68
0.00
0.00
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
730.39
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
475,653,053.75
0.00
0.00
0.00
0.00
14,161,557.16
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
530,239.07
0.00
27,802,277.77
0.00
503,455,331.52
0.00
0.00
5,362.88
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
0.00
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3,491,350.69
0.00
2,133,874.44
5,918,257.14
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
FUND EQUITY:
INVESTMENT IN FIXED ASSETS
RETAINED EARNINGS
CONTRIBUTED CAPITAL
RESERVED FUND BALANCE
UNRESERVED FUND BALANCE
TOTAL FUND EQUITY
0.00
0.00
0.00
1,625,597.38
9,050,139.77
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
0.00
FUND 0.00
EQUITY:
0.00
0.00
INVESTMENT
IN FIXED ASSETS
RETAINED
0.00 EARNINGS
0.00
CONTRIBUTED
CAPITAL
0.00
0.00
RESERVED FUND BALANCE
0.00
473,307.36
UNRESERVED FUND BALANCE
0.00
473,307.36
TOTAL FUND EQUITY
475,653,053.75
0.00
0.00
0.00
0.00
0.00
0.00
1,625,597.38
0.00
9,050,139.77
475,653,053.75
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
16,593,994.29
14,161,557.16
4,500.26
64,873,420.93
0.00
TOTAL LIABILITIES
&530,239.07
FUND EQUITY
503,455,331.52
16,593,994.29
14,161,557.16
TOTAL LIABILITIES & FUND EQUITY
FIDUCIARY
TRUST &
AGENCY
--------------
64,873,420.93
0.00
0.00
0.00
5,362.88
TOTAL REVENUES
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
4,500.26
0.00
274,082.01
0.00
18,950.00
ENHANCED SUPPLEMENTS*
CAPITAL
PROJECTS
--------------
9,733,973.38
0.00
LIABILITIES & FUND EQUITY:
LIABILITIES:
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
CLAIMS PAYABLE
OTHER PAYABLES
INTERFUND PAYABLES
OTHER PAYABLES
OTHER LIABILITIES
LONG-TERM LIABILITIES
TOTAL LIABILITIES
COLUMBIA STAGE LIGHTING/SOUND
700,000
$
150,000
400,000
340,000
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
27,802,277.77
27,802,277.77
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
473,307.36
473,307.36
2,490,000
475,653,053.75
0.00
0.00
0.00
0.00
475,653,053.75
4,500.26
64,873,420.93
0.00
530,239.07
503,455,331.52
7
Huntsville City Schools Supplements
Purpose
• Attract and retain HCS faculty/staff to participate in
extracurricular academic and character development activities
to further promote our students to higher levels of mental
and physical performance and personal growth to help them
succeed in life.
Huntsville City Schools Supplements
Overview
• Supplements are given at the discretion of the district
• Governed by HCS Policy 5.4, Supplemental Duties
• By appointment at district level (with principal input)
• NOT an entitlement or guaranteed by tenure
• Assignments to be made and approved on an annual basis
• May be removed or resign from supplemental (i.e.,
coaching) position at any time
Huntsville City Schools Supplements
Overview
• Regardless of whether they are certified or classified
employees or non-HCS employees, athletic and academic
coaches will receive the same supplement amount
• With the exception of classified employees whose job duties
are substantially similar to their coaching duties, classified
athletic and academic coaches are considered “volunteers”
• Volunteer coaches will not receive overtime for any of the
volunteer activities performed in their coaching capacity
Huntsville City Schools Supplements
Examples
• Academic: Academic Competition; Math Team; National
Honor Society; Science Team; Career Tech; Debate; Foreign
Language; Robotics; Cyber Security, etc.
• Athletics: High School/Middle School Athletic Directors;
Head/Assistant Coaches (Football, Basketball, Baseball,
Cheerleading, Wrestling, etc.)
• Arts: Band Directors/Assistants; Choral; Art Club; Drama;
Newspaper/Journalism; Literary Publications
• Community: Junior/Senior Class; Service Clubs; Student
Council; Yearbook; Webmaster; Safety Coordinator
Huntsville City Schools Supplements
• New Supplements:
• High School/Middle School Athletics Directors: Oversee all
athletics programs for the school; will also manage their
school’s supplement program (with the exception of their own)
• Career Tech: Regional/ International-level performance teams
(Green Car Team/Culinary Arts)
• IB Coordinators (moved from principal’s books)
• Cyber Security
• Robotics
• Student to Student
• STEM Coordinators
• School Webmasters
• School Safety Coordinators
• District Scholarship Coordinator
• Deleted: Credit Recovery Coordinator
Huntsville City Schools Supplements
Rate Changes
• Increase in Current Supplements
• All will see an increase
• Rates will meet or exceed those paid in Madison City
and Madison County for comparable duties
• Larger supplement increases will be “stepped”
• Last year’s (2012-2013) rate will be Step 1
• Those in second year or more will receive Step 2
• Increase each year to Step 4
• Effective Date: 2014 Budget Year (Oct 1, 2013)
Huntsville City Schools Supplements
Examples (Not All Inclusive)
Madison Madison
County
City
Huntsville City
Schools
Program
School Level
Athletic Director
High School
$ -
$4,000
$4,000
Band (Head)
High School
$6,000
$8,000
$8,500
Baseball (Head)
High School
$4,700
$6,000
$6,025
Basketball (Head)
High School
$8,000
$9,000
$9,025
Career Readiness
High School
$ -
$ -
$3500 - $8500
Competitive Academic Team
High School
$1,000
$1,800
$2,200
Cross Country Boys and Girls
High School
$600
$1,500
$1,500
Cyber Security
High School
$ -
$ -
$1,000 - $5,000
Football (Head)
High School
$8,000
$10,000
$13,000
Football Assistant OC/DC
High School
$4,500
$6,250
$6,250
Football Assistant
High School
$3,200
$5,000
$5,000
Robotics
High School
$ -
$ -
$1,000 - $5000
STEM Coordinator
High School
$ -
$ -
$2,000
Service Clubs
High School
$ -
$200
$250
Huntsville City Schools Supplements
Examples (Not All Inclusive)
Program
Webmaster
School Level
Madison Madison
County
City
Huntsville City
Schools
K-12
$-
$-
$1,000 - $2000
Artist Director Choreographic
Magnet
$-
$-
$6,000
Artist Director Ensemble Production
Magnet
$-
$-
$6,000
Artist Director Orchestra
Magnet
$-
$-
$6,000
Artist Director Vocal
Magnet
$-
$-
$6,000
Band
Middle School
$-
$2,400
$3,850
Cheerleaders
Middle School
$-
$1,800
$1,870
Choral
Middle School
$-
$900
$1,320
Football (Head)
Middle School
$-
$4,000
$4,400
IB Coordinator
Middle School
$-
$-
$4,000
STEM Coordinator
Middle School
$-
$-
$2,000
Academic Competition Coordinator
Other
$-
$-
$6,050
Scholarship Coordinator
Other
$-
$-
$1,000
School Safety Coordinator
Other
$-
$-
$275
Fiscal Year 2014
Capital Projects
70,000,000
FUND TYPES & ACCOUNT GROUPS
DESCRIPTION
-------------------------------------ASSETS & OTHER DEBITS:
CASH & CASH EQUIVALENTS
INVESTMENTS
RECEIVABLES
ALLOWANCE FOR DOUBTFUL ACCTS
INTERFUND RECEIVABLES
OTHER RECEIVABLES
INVENTORIES
OTHER ASSETS
FIXED ASSETS
ACCUMULATED DEPRECIATION
OTHER DEBITS
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
60,000,000
50,000,000
40,000,000
GENERAL
-------------9,770,165.15
2,094.75
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
--------------------------9,733,973.38
0.00
4,500.26
0.00
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
CAPITAL
PROJECTS
-------------64,873,420.93
0.00
0.00
1,500,000.00
5,321,734.39
0.00
0.00
0.00
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
16,593,994.29
0.00
0.00
0.00
14,161,557.16
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
FIDUCIARY
TRUST &
AGENCY
--------------
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
0.00
529,508.68
0.00
0.00
FUND
TYPES & ACCOUNT
GROUPS
0.00 DESCRIPTION0.00
-------------------------------------0.00
0.00
ASSETS & OTHER DEBITS:
0.00
730.39
CASH & CASH EQUIVALENTS
0.00
0.00
INVESTMENTS
0.00
0.00
RECEIVABLES
ALLOWANCE
0.00 FOR DOUBTFUL
0.00ACCTS
INTERFUND
0.00 RECEIVABLES0.00
OTHER RECEIVABLES
INVENTORIES
0.00
0.00
OTHER ASSETS
0.00
FIXED 0.00
ASSETS
0.00
0.00
ACCUMULATED
DEPRECIATION
OTHER0.00
DEBITS
530,239.07
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
0.00
0.00
0.00& FUND EQUITY:
56,931.71
LIABILITIES
LIABILITIES:
0.00
0.00
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
0.00
0.00
CLAIMS PAYABLE
0.00
0.00
OTHER
PAYABLES
0.00
INTERFUND
PAYABLES 0.00
OTHER
0.00PAYABLES
0.00
OTHER
LIABILITIES 56,931.71
0.00
LONG-TERM LIABILITIES
TOTAL LIABILITIES
0.00
0.00
GENERAL
0.00
-------------0.00
0.00
9,770,165.15
0.00
2,094.75
0.00
0.00
475,653,053.75
1,500,000.00
0.00
5,321,734.39
0.00
0.00
0.00
27,802,277.77
0.00
0.00
0.00
503,455,331.52
0.00
0.00
0.00
16,593,994.29
0.00
0.00
0.00
274,082.01
0.00
0.00
18,950.00
0.00
0.00
0.00
3,491,350.69
27,802,277.77
0.00
27,802,277.77
2,133,874.44
5,918,257.14
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
---------------------------
CAPITAL
PROJECTS
--------------
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
FIDUCIARY
TRUST &
AGENCY
--------------
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
9,733,973.38
0.00
4,500.26
0.00
64,873,420.93
0.00
0.00
0.00
529,508.68
0.00
0.00
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
730.39
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
475,653,053.75
0.00
0.00
0.00
0.00
14,161,557.16
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
530,239.07
0.00
27,802,277.77
0.00
503,455,331.52
0.00
0.00
5,362.88
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
0.00
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
27,802,277.77
27,802,277.77
LIABILITIES & FUND EQUITY:
LIABILITIES:
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
CLAIMS PAYABLE
OTHER PAYABLES
INTERFUND PAYABLES
OTHER PAYABLES
OTHER LIABILITIES
LONG-TERM LIABILITIES
TOTAL LIABILITIES
30,000,000
274,082.01
0.00
18,950.00
0.00
0.00
5,362.88
0.00
0.00
0.00
0.00
0.00
0.00
20,000,000
0.00
3,491,350.69
0.00
2,133,874.44
5,918,257.14
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
FUND EQUITY:
INVESTMENT IN FIXED ASSETS
RETAINED EARNINGS
CONTRIBUTED CAPITAL
RESERVED FUND BALANCE
UNRESERVED FUND BALANCE
TOTAL FUND EQUITY
0.00
0.00
0.00
1,625,597.38
9,050,139.77
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
0.00
FUND 0.00
EQUITY:
0.00
0.00
INVESTMENT
IN FIXED ASSETS
RETAINED
0.00 EARNINGS
0.00
CONTRIBUTED
CAPITAL
0.00
0.00
RESERVED FUND BALANCE
0.00
473,307.36
UNRESERVED FUND BALANCE
0.00
473,307.36
TOTAL FUND EQUITY
475,653,053.75
0.00
0.00
0.00
0.00
0.00
0.00
1,625,597.38
0.00
9,050,139.77
475,653,053.75
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
473,307.36
473,307.36
475,653,053.75
0.00
0.00
0.00
0.00
475,653,053.75
16,593,994.29
14,161,557.16
4,500.26
64,873,420.93
0.00
TOTAL LIABILITIES
&530,239.07
FUND EQUITY
503,455,331.52
16,593,994.29
14,161,557.16
4,500.26
64,873,420.93
0.00
530,239.07
503,455,331.52
10,000,000
TOTAL LIABILITIES & FUND EQUITY
Grissom High School
North Huntsville High
School
Huntsville HS 9th
Grade Academy
FY 2014 Budget
Whitesburg P-8
University Place Elem
School
Milton Frank - Phase II
Total Program Budget
17
Fund Balance Historical/Projected
$20,000,000
$15,000,000
$17,900,000
Sales
Sales
$10,675,737
$10,000,000
$5,000,000
$844,421
$485,806
Fund Balance
$2009
2010
Federal 2011
2012
2013
State
$(5,000,000)
State
Federal
$(10,000,000)
Local
Local
Other
Other
$(15,000,000)
$(20,000,000)
$(19,766,842)
$(25,000,000)
18
Fund Balance Coverage
Historical/Projected
150.0%
Sales
Sales
108.5%
100.0%
64.7%
50.0%
Federal5.1%
2.9%
0.0%
2009
2010
-50.0%
State
2011
State
2012
2013
Federal
Local
Local
Other
Other
-100.0%
-119.8%
-150.0%
19
Financial Forecast: Fiscal Year 2014
ALSDE Foundation Funding:
FUND TYPES & ACCOUNT GROUPS
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
---------------------------
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
CAPITAL
PROJECTS
--------------
FIDUCIARY
TRUST &
AGENCY
--------------
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
 Education Trust Fund appropriations (~$50M) diverted to
fund private school transfer credits (Alabama Accountability
Act).
DESCRIPTION
-------------------------------------ASSETS & OTHER DEBITS:
CASH & CASH EQUIVALENTS
INVESTMENTS
RECEIVABLES
ALLOWANCE FOR DOUBTFUL ACCTS
INTERFUND RECEIVABLES
OTHER RECEIVABLES
INVENTORIES
OTHER ASSETS
FIXED ASSETS
ACCUMULATED DEPRECIATION
OTHER DEBITS
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
GENERAL
--------------
9,770,165.15
2,094.75
9,733,973.38
0.00
4,500.26
0.00
64,873,420.93
0.00
0.00
1,500,000.00
5,321,734.39
0.00
0.00
0.00
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
16,593,994.29
0.00
0.00
0.00
14,161,557.16
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
0.00
529,508.68
0.00
0.00
FUND
TYPES & ACCOUNT
GROUPS
0.00 DESCRIPTION0.00
-------------------------------------0.00
0.00
ASSETS & OTHER DEBITS:
0.00
730.39
CASH & CASH EQUIVALENTS
0.00
0.00
INVESTMENTS
0.00
0.00
RECEIVABLES
ALLOWANCE
0.00 FOR DOUBTFUL
0.00ACCTS
INTERFUND
0.00 RECEIVABLES0.00
OTHER RECEIVABLES
INVENTORIES
0.00
0.00
OTHER ASSETS
0.00
FIXED 0.00
ASSETS
0.00
0.00
ACCUMULATED
DEPRECIATION
OTHER0.00
DEBITS
530,239.07
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
0.00
0.00
0.00& FUND EQUITY:
56,931.71
LIABILITIES
LIABILITIES:
0.00
0.00
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
0.00
0.00
CLAIMS PAYABLE
0.00
0.00
OTHER
PAYABLES
0.00
INTERFUND
PAYABLES 0.00
OTHER
0.00PAYABLES
0.00
OTHER
LIABILITIES 56,931.71
0.00
LONG-TERM LIABILITIES
TOTAL LIABILITIES
0.00
0.00
GENERAL
0.00
-------------0.00
0.00
9,770,165.15
0.00
2,094.75
0.00
0.00
475,653,053.75
1,500,000.00
0.00
5,321,734.39
0.00
0.00
0.00
27,802,277.77
0.00
0.00
0.00
503,455,331.52
0.00
0.00
0.00
16,593,994.29
0.00
0.00
0.00
274,082.01
0.00
0.00
18,950.00
0.00
0.00
0.00
3,491,350.69
27,802,277.77
0.00
27,802,277.77
2,133,874.44
5,918,257.14
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
---------------------------
CAPITAL
PROJECTS
--------------
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
FIDUCIARY
TRUST &
AGENCY
--------------
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
9,733,973.38
0.00
4,500.26
0.00
64,873,420.93
0.00
0.00
0.00
529,508.68
0.00
0.00
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
730.39
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
475,653,053.75
0.00
While HCS saw a modest increase in pupil enrollment, there is
a decrease in the number funded teaching units (5.7 units, loss of
$355,000 in funding).
LIABILITIES & FUND EQUITY:
LIABILITIES:
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
CLAIMS PAYABLE
OTHER PAYABLES
INTERFUND PAYABLES
OTHER PAYABLES
OTHER LIABILITIES
LONG-TERM LIABILITIES
TOTAL LIABILITIES
274,082.01
0.00
18,950.00
0.00
0.00
5,362.88
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3,491,350.69
0.00
2,133,874.44
5,918,257.14
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
FUND EQUITY:
INVESTMENT IN FIXED ASSETS
RETAINED EARNINGS
CONTRIBUTED CAPITAL
RESERVED FUND BALANCE
UNRESERVED FUND BALANCE
TOTAL FUND EQUITY
0.00
0.00
0.00
1,625,597.38
9,050,139.77
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
0.00
FUND 0.00
EQUITY:
0.00
0.00
INVESTMENT
IN FIXED ASSETS
RETAINED
0.00 EARNINGS
0.00
CONTRIBUTED
CAPITAL
0.00
0.00
RESERVED FUND BALANCE
0.00
473,307.36
UNRESERVED FUND BALANCE
0.00
473,307.36
TOTAL FUND EQUITY
16,593,994.29
14,161,557.16
4,500.26
64,873,420.93
0.00
TOTAL LIABILITIES
&530,239.07
FUND EQUITY
0.00
0.00
0.00
14,161,557.16
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
530,239.07
0.00
27,802,277.77
0.00
503,455,331.52
0.00
0.00
5,362.88
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
0.00
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
27,802,277.77
27,802,277.77
475,653,053.75
0.00
0.00
0.00
0.00
0.00
0.00
1,625,597.38
0.00
9,050,139.77
475,653,053.75
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
473,307.36
473,307.36
475,653,053.75
0.00
0.00
0.00
0.00
475,653,053.75
503,455,331.52
16,593,994.29
14,161,557.16
4,500.26
64,873,420.93
0.00
530,239.07
503,455,331.52
Although Foundation revenues allocated for fringe benefits
and other current expenses increased by $1.5M, so did the
required 10 Mill Foundation match (paid from local funds).
TOTAL LIABILITIES & FUND EQUITY
20
Financial Forecast: Fiscal Year 2014 (cont’d)
ALSDE Foundation Funding (continued):
Meaning…the cost burden for the Foundation units’ salary increase,
which will take effect in October 2012, and the 1.73% increase in
TRSA match will fall on the District. Total estimated cost of the
changes in the Foundation Program to Huntsville City Schools in
Fiscal Year 2014 is approximately $2M.
FUND TYPES & ACCOUNT GROUPS
DESCRIPTION
-------------------------------------ASSETS & OTHER DEBITS:
CASH & CASH EQUIVALENTS
INVESTMENTS
RECEIVABLES
ALLOWANCE FOR DOUBTFUL ACCTS
INTERFUND RECEIVABLES
OTHER RECEIVABLES
INVENTORIES
OTHER ASSETS
FIXED ASSETS
ACCUMULATED DEPRECIATION
OTHER DEBITS
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
GENERAL
--------------
9,770,165.15
2,094.75
0.00
1,500,000.00
5,321,734.39
0.00
0.00
0.00
0.00
0.00
0.00
0.00
16,593,994.29
$23,000,000
LIABILITIES & FUND EQUITY:
LIABILITIES:
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
CLAIMS PAYABLE
OTHER PAYABLES
INTERFUND PAYABLES
OTHER PAYABLES
OTHER LIABILITIES
LONG-TERM LIABILITIES
TOTAL LIABILITIES
FUND EQUITY:
INVESTMENT IN FIXED ASSETS
RETAINED EARNINGS
CONTRIBUTED CAPITAL
RESERVED FUND BALANCE
UNRESERVED FUND BALANCE
TOTAL FUND EQUITY
TOTAL LIABILITIES & FUND EQUITY
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
--------------------------9,733,973.38
0.00
4,500.26
0.00
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
CAPITAL
PROJECTS
--------------
64,873,420.93
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
14,161,557.16
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
FIDUCIARY
TRUST &
AGENCY
--------------
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
0.00
529,508.68
0.00
0.00
FUND
TYPES & ACCOUNT
GROUPS
0.00 DESCRIPTION0.00
-------------------------------------0.00
0.00
ASSETS & OTHER DEBITS:
0.00
730.39
CASH & CASH EQUIVALENTS
0.00
0.00
INVESTMENTS
0.00
0.00
RECEIVABLES
ALLOWANCE
0.00 FOR DOUBTFUL
0.00ACCTS
INTERFUND
0.00 RECEIVABLES0.00
OTHER RECEIVABLES
INVENTORIES
0.00
0.00
OTHER ASSETS
0.00
FIXED 0.00
ASSETS
0.00
0.00
ACCUMULATED
DEPRECIATION
OTHER0.00
DEBITS
530,239.07
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
0.00
0.00
0.00& FUND EQUITY:
56,931.71
LIABILITIES
LIABILITIES:
0.00
0.00
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
0.00
0.00
CLAIMS PAYABLE
0.00
0.00
OTHER
PAYABLES
0.00
INTERFUND
PAYABLES 0.00
OTHER
0.00PAYABLES
0.00
OTHER
LIABILITIES 56,931.71
0.00
LONG-TERM LIABILITIES
TOTAL LIABILITIES
0.00
0.00
GENERAL
0.00
-------------0.00
0.00
9,770,165.15
0.00
2,094.75
0.00
0.00
475,653,053.75
1,500,000.00
0.00
5,321,734.39
0.00
0.00
0.00
27,802,277.77
0.00
0.00
0.00
503,455,331.52
0.00
0.00
0.00
16,593,994.29
0.00
0.00
0.00
274,082.01
0.00
0.00
18,950.00
0.00
0.00
0.00
3,491,350.69
27,802,277.77
0.00
27,802,277.77
2,133,874.44
5,918,257.14
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
---------------------------
0.00
0.00
529,508.68
0.00
0.00
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
730.39
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
475,653,053.75
0.00
0.00
0.00
0.00
14,161,557.16
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
530,239.07
0.00
27,802,277.77
0.00
503,455,331.52
10 Mill Foundation Match
0.00
0.00
0.00
0.00
3,491,350.69
0.00
2,133,874.44
5,918,257.14
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1,625,597.38
9,050,139.77
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
0.00
FUND 0.00
EQUITY:
0.00
0.00
INVESTMENT
IN FIXED ASSETS
RETAINED
0.00 EARNINGS
0.00
CONTRIBUTED
CAPITAL
0.00
0.00
RESERVED FUND BALANCE
0.00
473,307.36
UNRESERVED FUND BALANCE
0.00
473,307.36
TOTAL FUND EQUITY
475,653,053.75
0.00
0.00
0.00
0.00
0.00
0.00
1,625,597.38
0.00
9,050,139.77
475,653,053.75
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
16,593,994.29
14,161,557.16
4,500.26
64,873,420.93
0.00
TOTAL LIABILITIES
&530,239.07
FUND EQUITY
503,455,331.52
16,593,994.29
14,161,557.16
$21,000,000
$20,500,000
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
64,873,420.93
0.00
0.00
0.00
0.00
$21,500,000
FIDUCIARY
TRUST &
AGENCY
--------------
4,500.26
0.00
0.00
0.00
5,362.88
$22,000,000
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
9,733,973.38
0.00
274,082.01
0.00
18,950.00
$22,500,000
CAPITAL
PROJECTS
--------------
20.5% *
0.00
0.00
5,362.88
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
0.00
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
27,802,277.77
27,802,277.77
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
473,307.36
473,307.36
475,653,053.75
0.00
0.00
0.00
0.00
475,653,053.75
0.00
530,239.07
503,455,331.52
Local Match
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
19.2% *
4,500.26
64,873,420.93
18.9% *
$20,000,000
2012
2013
* Percentage of total Foundation Revenues
2014
21
Financial Forecast: Fiscal Year 2014 (cont’d)
USDE Federal Funding:
FUND TYPES & ACCOUNT GROUPS
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
---------------------------
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
CAPITAL
PROJECTS
--------------
FIDUCIARY
TRUST &
AGENCY
--------------
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
Reduction(s) in 2014 Federal Funding for HCS
DESCRIPTION
-------------------------------------ASSETS & OTHER DEBITS:
CASH & CASH EQUIVALENTS
INVESTMENTS
RECEIVABLES
ALLOWANCE FOR DOUBTFUL ACCTS
INTERFUND RECEIVABLES
OTHER RECEIVABLES
INVENTORIES
OTHER ASSETS
FIXED ASSETS
ACCUMULATED DEPRECIATION
OTHER DEBITS
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
GENERAL
--------------
9,770,165.15
2,094.75
9,733,973.38
0.00
4,500.26
0.00
Title I, Part A
64,873,420.93
0.00
0.00
1,500,000.00
5,321,734.39
0.00
0.00
0.00
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
16,593,994.29
0.00
0.00
0.00
14,161,557.16
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
Title I, Part D
0.00
529,508.68
0.00
0.00
FUND
TYPES & ACCOUNT
GROUPS
0.00 DESCRIPTION0.00
-------------------------------------0.00
0.00
ASSETS & OTHER DEBITS:
0.00
730.39
CASH & CASH EQUIVALENTS
0.00
0.00
INVESTMENTS
0.00
0.00
RECEIVABLES
ALLOWANCE
0.00 FOR DOUBTFUL
0.00ACCTS
INTERFUND
0.00 RECEIVABLES0.00
OTHER RECEIVABLES
INVENTORIES
0.00
0.00
OTHER ASSETS
0.00
FIXED 0.00
ASSETS
0.00
0.00
ACCUMULATED
DEPRECIATION
OTHER0.00
DEBITS
530,239.07
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
0.00
0.00
0.00& FUND EQUITY:
56,931.71
LIABILITIES
LIABILITIES:
0.00
0.00
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
0.00
0.00
CLAIMS PAYABLE
0.00
0.00
OTHER
PAYABLES
0.00
INTERFUND
PAYABLES 0.00
OTHER
0.00PAYABLES
0.00
OTHER
LIABILITIES 56,931.71
0.00
LONG-TERM LIABILITIES
TOTAL LIABILITIES
0.00
0.00
GENERAL
0.00
-------------0.00
0.00
9,770,165.15
0.00
2,094.75
0.00
0.00
475,653,053.75
1,500,000.00
0.00
5,321,734.39
0.00
0.00
0.00
27,802,277.77
0.00
0.00
0.00
503,455,331.52
0.00
0.00
0.00
16,593,994.29
0.00
0.00
0.00
274,082.01
0.00
0.00
18,950.00
0.00
0.00
0.00
3,491,350.69
27,802,277.77
0.00
27,802,277.77
2,133,874.44
5,918,257.14
$ 380,000
$ 127,000
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
---------------------------
CAPITAL
PROJECTS
--------------
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
FIDUCIARY
TRUST &
AGENCY
--------------
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
9,733,973.38
0.00
4,500.26
0.00
64,873,420.93
0.00
0.00
0.00
529,508.68
0.00
0.00
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
730.39
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
475,653,053.75
0.00
0.00
0.00
0.00
14,161,557.16
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
530,239.07
0.00
27,802,277.77
0.00
503,455,331.52
0.00
0.00
5,362.88
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
0.00
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
27,802,277.77
27,802,277.77
LIABILITIES & FUND EQUITY:
LIABILITIES:
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
CLAIMS PAYABLE
OTHER PAYABLES
INTERFUND PAYABLES
OTHER PAYABLES
OTHER LIABILITIES
LONG-TERM LIABILITIES
TOTAL LIABILITIES
274,082.01
0.00
18,950.00
0.00
0.00
5,362.88
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3,491,350.69
0.00
2,133,874.44
5,918,257.14
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
FUND EQUITY:
INVESTMENT IN FIXED ASSETS
RETAINED EARNINGS
CONTRIBUTED CAPITAL
RESERVED FUND BALANCE
UNRESERVED FUND BALANCE
TOTAL FUND EQUITY
0.00
0.00
0.00
1,625,597.38
9,050,139.77
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
0.00
FUND 0.00
EQUITY:
0.00
0.00
INVESTMENT
IN FIXED ASSETS
RETAINED
0.00 EARNINGS
0.00
CONTRIBUTED
CAPITAL
0.00
0.00
RESERVED FUND BALANCE
0.00
473,307.36
UNRESERVED FUND BALANCE
0.00
473,307.36
TOTAL FUND EQUITY
475,653,053.75
0.00
0.00
0.00
0.00
0.00
0.00
1,625,597.38
0.00
9,050,139.77
475,653,053.75
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
473,307.36
473,307.36
475,653,053.75
0.00
0.00
0.00
0.00
475,653,053.75
16,593,994.29
14,161,557.16
4,500.26
64,873,420.93
0.00
TOTAL LIABILITIES
&530,239.07
FUND EQUITY
503,455,331.52
16,593,994.29
14,161,557.16
4,500.26
64,873,420.93
0.00
530,239.07
503,455,331.52
Title I, School Improvement $ 350,000
Title II, Part A
IDEA, Special Education
TOTAL LIABILITIES & FUND EQUITY
Total Reduction(s)
$ 553,000
$ 180,000
$ 1,590,000
22
Financial Forecast: Fiscal Year 2014 (cont’d)
Huntsville City/Madison County Funding:
Based on current projections, we anticipate sustaining a
General Fund balance between 105% and 110% of the required
balance through fiscal year 2015 (barring proration or
unanticipated decline in the local economy).
No solid projection beyond 2015 at this point.
Requires that we exercise caution when considering new/future
recurring expenditures not otherwise included in this budget.
FUND TYPES & ACCOUNT GROUPS
DESCRIPTION
-------------------------------------ASSETS & OTHER DEBITS:
CASH & CASH EQUIVALENTS
INVESTMENTS
RECEIVABLES
ALLOWANCE FOR DOUBTFUL ACCTS
INTERFUND RECEIVABLES
OTHER RECEIVABLES
INVENTORIES
OTHER ASSETS
FIXED ASSETS
ACCUMULATED DEPRECIATION
OTHER DEBITS
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
GENERAL
--------------
9,770,165.15
2,094.75
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
--------------------------9,733,973.38
0.00
4,500.26
0.00
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
CAPITAL
PROJECTS
--------------
64,873,420.93
0.00
0.00
1,500,000.00
5,321,734.39
0.00
0.00
0.00
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
16,593,994.29
0.00
0.00
0.00
14,161,557.16
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
FIDUCIARY
TRUST &
AGENCY
--------------
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
0.00
529,508.68
0.00
0.00
FUND
TYPES & ACCOUNT
GROUPS
0.00 DESCRIPTION0.00
-------------------------------------0.00
0.00
ASSETS & OTHER DEBITS:
0.00
730.39
CASH & CASH EQUIVALENTS
0.00
0.00
INVESTMENTS
0.00
0.00
RECEIVABLES
ALLOWANCE
0.00 FOR DOUBTFUL
0.00ACCTS
INTERFUND
0.00 RECEIVABLES0.00
OTHER RECEIVABLES
INVENTORIES
0.00
0.00
OTHER ASSETS
0.00
FIXED 0.00
ASSETS
0.00
0.00
ACCUMULATED
DEPRECIATION
OTHER0.00
DEBITS
530,239.07
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
0.00
0.00
0.00& FUND EQUITY:
56,931.71
LIABILITIES
LIABILITIES:
0.00
0.00
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
0.00
0.00
CLAIMS PAYABLE
0.00
0.00
OTHER
PAYABLES
0.00
INTERFUND
PAYABLES 0.00
OTHER
0.00PAYABLES
0.00
OTHER
LIABILITIES 56,931.71
0.00
LONG-TERM LIABILITIES
TOTAL LIABILITIES
0.00
0.00
GENERAL
0.00
-------------0.00
0.00
9,770,165.15
0.00
2,094.75
0.00
0.00
475,653,053.75
1,500,000.00
0.00
5,321,734.39
0.00
0.00
0.00
27,802,277.77
0.00
0.00
0.00
503,455,331.52
0.00
0.00
0.00
16,593,994.29
0.00
0.00
0.00
274,082.01
0.00
0.00
18,950.00
0.00
0.00
0.00
3,491,350.69
27,802,277.77
0.00
27,802,277.77
2,133,874.44
5,918,257.14
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
---------------------------
CAPITAL
PROJECTS
--------------
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
FIDUCIARY
TRUST &
AGENCY
--------------
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
9,733,973.38
0.00
4,500.26
0.00
64,873,420.93
0.00
0.00
0.00
529,508.68
0.00
0.00
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
730.39
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
475,653,053.75
0.00
0.00
0.00
0.00
14,161,557.16
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
530,239.07
0.00
27,802,277.77
0.00
503,455,331.52
0.00
0.00
5,362.88
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
0.00
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
27,802,277.77
27,802,277.77
LIABILITIES & FUND EQUITY:
LIABILITIES:
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
CLAIMS PAYABLE
OTHER PAYABLES
INTERFUND PAYABLES
OTHER PAYABLES
OTHER LIABILITIES
LONG-TERM LIABILITIES
TOTAL LIABILITIES
0.00
3,491,350.69
0.00
2,133,874.44
5,918,257.14
FUND EQUITY:
INVESTMENT IN FIXED ASSETS
RETAINED EARNINGS
CONTRIBUTED CAPITAL
RESERVED FUND BALANCE
UNRESERVED FUND BALANCE
TOTAL FUND EQUITY
0.00
0.00
0.00
1,625,597.38
9,050,139.77
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
0.00
FUND 0.00
EQUITY:
0.00
0.00
INVESTMENT
IN FIXED ASSETS
RETAINED
0.00 EARNINGS
0.00
CONTRIBUTED
CAPITAL
0.00
0.00
RESERVED FUND BALANCE
0.00
473,307.36
UNRESERVED FUND BALANCE
0.00
473,307.36
TOTAL FUND EQUITY
475,653,053.75
0.00
0.00
0.00
0.00
0.00
0.00
1,625,597.38
0.00
9,050,139.77
475,653,053.75
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
473,307.36
473,307.36
475,653,053.75
0.00
0.00
0.00
0.00
475,653,053.75
16,593,994.29
14,161,557.16
4,500.26
64,873,420.93
0.00
TOTAL LIABILITIES
&530,239.07
FUND EQUITY
503,455,331.52
16,593,994.29
14,161,557.16
4,500.26
64,873,420.93
0.00
530,239.07
503,455,331.52
274,082.01
0.00
18,950.00
0.00
0.00
5,362.88
0.00
0.00
0.00
0.00
0.00
0.00
Regarding Capital Projects :
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Anticipate that long term rates on municipal debt are likely to
increase in the near term.
Will recommend selling of final increment of debt to complete
the capital plan this Fall.
At current rates, HCS has sufficient capacity to service the cost
23
of additional capital.
TOTAL LIABILITIES & FUND EQUITY
FUND TYPES & ACCOUNT GROUPS
DESCRIPTION
-------------------------------------ASSETS & OTHER DEBITS:
CASH & CASH EQUIVALENTS
INVESTMENTS
RECEIVABLES
ALLOWANCE FOR DOUBTFUL ACCTS
INTERFUND RECEIVABLES
OTHER RECEIVABLES
INVENTORIES
OTHER ASSETS
FIXED ASSETS
ACCUMULATED DEPRECIATION
OTHER DEBITS
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
GENERAL
-------------9,770,165.15
2,094.75
0.00
1,500,000.00
5,321,734.39
0.00
0.00
0.00
0.00
0.00
0.00
0.00
16,593,994.29
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
--------------------------9,733,973.38
0.00
4,500.26
0.00
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
CAPITAL
PROJECTS
-------------64,873,420.93
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
14,161,557.16
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
FIDUCIARY
TRUST &
AGENCY
--------------
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
0.00
529,508.68
0.00
0.00
FUND
TYPES & ACCOUNT
GROUPS
0.00 DESCRIPTION0.00
-------------------------------------0.00
0.00
ASSETS & OTHER DEBITS:
0.00
730.39
CASH & CASH EQUIVALENTS
0.00
0.00
INVESTMENTS
0.00
0.00
RECEIVABLES
ALLOWANCE
0.00 FOR DOUBTFUL
0.00ACCTS
INTERFUND
0.00 RECEIVABLES0.00
OTHER RECEIVABLES
INVENTORIES
0.00
0.00
OTHER ASSETS
0.00
FIXED 0.00
ASSETS
0.00
0.00
ACCUMULATED
DEPRECIATION
OTHER0.00
DEBITS
530,239.07
AMT AVAILABLE IN DEBT SVC
AMT PROV FOR PMT OF L-T DEBT
OTHER DEBITS
TOTAL ASSETS & OTHER DEBITS
0.00
0.00
0.00& FUND EQUITY:
56,931.71
LIABILITIES
LIABILITIES:
0.00
0.00
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
0.00
0.00
CLAIMS PAYABLE
0.00
0.00
OTHER
PAYABLES
0.00
INTERFUND
PAYABLES 0.00
OTHER
0.00PAYABLES
0.00
OTHER
LIABILITIES 56,931.71
0.00
LONG-TERM LIABILITIES
TOTAL LIABILITIES
0.00
0.00
GENERAL
0.00
-------------0.00
0.00
9,770,165.15
0.00
2,094.75
0.00
0.00
475,653,053.75
1,500,000.00
0.00
5,321,734.39
0.00
0.00
0.00
27,802,277.77
0.00
0.00
0.00
503,455,331.52
0.00
0.00
0.00
16,593,994.29
0.00
0.00
0.00
274,082.01
0.00
0.00
18,950.00
0.00
0.00
0.00
3,491,350.69
27,802,277.77
0.00
27,802,277.77
2,133,874.44
5,918,257.14
GOVERNMENTAL
SPECIAL
DEBT
REVENUE
SERVICE
---------------------------
CAPITAL
PROJECTS
--------------
PROPRIETARY
ENTERPRISE
INTERNAL
--------------
FIDUCIARY
TRUST &
AGENCY
--------------
EXHIBIT F-I-A
ACCT GROUPS
F/A &
L/T DEBT
--------------
9,733,973.38
0.00
4,500.26
0.00
64,873,420.93
0.00
0.00
0.00
529,508.68
0.00
0.00
0.00
0.00
0.00
4,111,162.47
316,421.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
730.39
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
475,653,053.75
0.00
0.00
0.00
0.00
14,161,557.16
0.00
0.00
0.00
4,500.26
0.00
0.00
0.00
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
530,239.07
0.00
27,802,277.77
0.00
503,455,331.52
0.00
0.00
5,362.88
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
0.00
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
56,931.71
0.00
0.00
0.00
27,802,277.77
27,802,277.77
QUESTIONS
LIABILITIES & FUND EQUITY:
LIABILITIES:
SALARIES & BENEFITS PAYABLE
PAYROLL W/H & DED PAYABLE
CLAIMS PAYABLE
OTHER PAYABLES
INTERFUND PAYABLES
OTHER PAYABLES
OTHER LIABILITIES
LONG-TERM LIABILITIES
TOTAL LIABILITIES
274,082.01
0.00
18,950.00
0.00
0.00
5,362.88
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3,491,350.69
0.00
2,133,874.44
5,918,257.14
1,500,000.00
53,425.10
1,855,799.78
0.00
3,414,587.76
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
FUND EQUITY:
INVESTMENT IN FIXED ASSETS
RETAINED EARNINGS
CONTRIBUTED CAPITAL
RESERVED FUND BALANCE
UNRESERVED FUND BALANCE
TOTAL FUND EQUITY
0.00
0.00
0.00
1,625,597.38
9,050,139.77
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
0.00
FUND 0.00
EQUITY:
0.00
0.00
INVESTMENT
IN FIXED ASSETS
RETAINED
0.00 EARNINGS
0.00
CONTRIBUTED
CAPITAL
0.00
0.00
RESERVED FUND BALANCE
0.00
473,307.36
UNRESERVED FUND BALANCE
0.00
473,307.36
TOTAL FUND EQUITY
475,653,053.75
0.00
0.00
0.00
0.00
0.00
0.00
1,625,597.38
0.00
9,050,139.77
475,653,053.75
10,675,737.15
0.00
0.00
0.00
485,435.30
10,261,534.10
10,746,969.40
0.00
0.00
0.00
0.00
4,500.26
4,500.26
0.00
0.00
0.00
1,854,033.30
63,019,387.63
64,873,420.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
473,307.36
473,307.36
475,653,053.75
0.00
0.00
0.00
0.00
475,653,053.75
16,593,994.29
14,161,557.16
4,500.26
64,873,420.93
0.00
TOTAL LIABILITIES
&530,239.07
FUND EQUITY
503,455,331.52
16,593,994.29
14,161,557.16
4,500.26
64,873,420.93
0.00
530,239.07
503,455,331.52
TOTAL LIABILITIES & FUND EQUITY
24
25