1. Garnet Valley School District
General Fund Budget Summary
Fiscal Year: 1011
Ver. 1011c Final
May 17, 2010
Budget:
The proposed cost center based budget provides for a total general fund budget of $83,624,748
for next year (1011). The current budget total is $80,478,604.
Mills:
The proposed budget requires a property tax mills rate for next year of 27.470 (Bethel: 27.833)
mills. The current budget reflects a property tax mills rate of 26.698 (Bethel: 27.068), and
provides for respective tax increases of 0.772 mills (Bethel: 0.765), or an increase of about 2.89
percent. A property assessed at $100,000 in Chester Heights or Concord would incur tax of
$2,747.00 for year (1011) and $2,669.80 for year (0910). A property assessed at $100,000 in
Bethel would incur tax of $2,783.30 for year (1011) and $2,706.80 for year (0910).
Property Tax Rate Index (PTRI):
Act 72 of 2004 established an index that limits future property tax rate increases for school
districts. Act 1 of 2006 required all school districts to comply with the PTRI, as adjusted for
relative wealth, effective with the 07/08 fiscal year. The PTRI consists of the state SAWWS
(Statewide Average Weekly Wage) index and the federal ECI (Employment Cost) index. The
unenhanced, base, PTRI index for 1011 is 2.90%. The school district’s proposed tax increase for
next year is in compliance with the base PTRI.
If the district’s proposed tax rate increase was in excess of the base PTRI, then it would be
required to obtain voter approval by referendum this May or it would be required to seek PDE or
court allowed exceptions. In order to claim exceptions, the district would have had to advertise a
preliminary budget this past January, and adopt a preliminary budget in mid – February.
District Property Tax Revenue:
The projected value of one mill to the district for next year is $2,355,115 (current year
$2,308,856), an increase of 2.00 percent. 27.470 mills will generate $64,694,002 of district
property tax revenue required for next year’s general fund operations, based on the projected
value of one mill. The district projected mill value is subject to change monthly until June.
Subsidies:
The proposed state budget provides for an increase of 2.00% ($73,759) for the district’s basic
education subsidy and a 0.0 percent increase in the district’s special education subsidy. Those
amounts are included in the district’s proposed budget. The proposed state budget provides for
“Accountability Block Grants” that help districts attain and maintain student proficiencies.
$225,030 of these accountability block grant funds are included in the district’s proposed budget.
IDEA funds of $1,125,662 and ACCESS funds of $660,122 are also included in the district’s
proposed budget.
Rental Revenue:
The proposed budget reflects $1,043,654 in rent revenue that the district will receive next year
from Delaware County Intermediate Unit (DCIU) for the use of FHG ($91,758); Pennington
School ($951,896) and no classroom rentals, (worth $15,950 each). DCIU took possession of the
entire Pennington School building (63,800 square feet) on July 1, 2008. Building rent is based
upon $14.92/ sq ft ($14.50/ sq ft current year). The investment value of these two rental
properties, based upon the net present value of rental income and assuming a 5%, twenty five
year return on investment is:
2. $ 5,173,000 FHG (annualized)
$13,416,000 Pennington School
DCIU will be vacating the FHG building next year. Three quarters of the annual rental income
($275,274) previously due in rent for the use of this building has been eliminated from next year’s
budget.
Personnel:
The proposed budget provides for no additional professional staff positions.
Next year’s proposed budget continues to include a $30,000 appropriation to fund a “Retiree
Paraprofessional Substitute Volunteer Program” that anticipates a reduction in substitute
paraprofessional services of an equivalent amount.
Compensation Benefits:
The proposed budget reflects overall compensation benefit increases of $1,369,401, reflecting a
8.35% increase in participation, claims experience, changes in coverages, as well as rate
increases from benefit carriers. The district changed its medical plan for district professional and
support personnel from PC10 to PC20/30/70 in order to save nearly 14% in medical premium
costs. The district will pre-fund its total healthcare premium with Blue Cross and will further
reduce its cost by an average of 1.75 percent.
State Retirement Contribution (PSERS):
The proposed budget will fund a gross state retirement (PSERS) rate of 8.22% next year (4.78%
current year). The district’s gross contribution rate will increase to 29.22% in fiscal year 2012-
2013. The total district cost of it contribution to the state retirement system next year is projected
to be $3,401,188 ($2,781,343 currently), which is subsidized in half by state reimbursements. The
district’s net cost of the PSERS retirement cost increase will total $309,845 next year (the net
increase was $57,796 this year).
Lease Rental Appropriation:
The proposed budget reflects a lease rental appropriation for Bethel Springs Elementary School
of $1,542,958 (currently $1,548,157). Lease rental funds of $20,000,000 were borrowed from the
State Public School Building Authority in November 2000 for construction of the new elementary
school in Bethel Township. The lease was refinanced in April 2005, and savings of $309,425
were realized.
New Equipment Purchases and Financing Note:
Capital equipment requests total $1,250,000 and include:
Technology - $508,482
Transportation - $542,716
Buildings - $ 76,838
Maintenance - $115,000
Athletics - $ 6,964
The proposed budget provides part year new debt service for the purchase of up to $1,250,000 of
capital equipment. The new debt service is based on obtaining a four-year, 2.5 percent variable
rate note.
3. Future Debt Service (Next Five Years):
The total appropriation for all district general obligation, lease appropriation, equipment note debt
service and reserve funding ($360,000) will be $11,217,122 next year ($11,283,013 currently).
Anticipated future debt service for the next five years is as follows:
Year 1011 11,217,122
Year 1112 11,238,657
Year 1213 11,249,052
Year 1314 11,261,913
Year 1415 11,331,896
Year 1516 11,395,808
The district refinanced its 2003 general obligation bonds this year, saving over $192,000 in future
debt service. Those savings have been reflected in the above schedule.
The district anticipates that the future maximum debt service burden for existing and proposed
(DVRFA renewal) debt will occur in 16/17 and will total $11,405,448. The average annual debt
service is $11,300,000.
The district is conserving its fund balance reserves today in order to minimize the millage effect of
the anticipated future changes in debt service.
Future Projects and Contingent Future Debt Service:
Final cost estimates for Station Road paving, a Smithbridge Road high school turning lane,
district-wide re-roofing projects, and energy savings projects are being developed. The total
scope of work for these and other capital projects is estimated to cost less than $8,000,000.
Financing for these projects would be in addition to the calculation of the future annual debt
service costs listed above. Assuming a 5 percent interest rate and the issue of 20 year bonds,
additional debt service for a new general obligation issue would cost approximately $640,000 per
year. The net incremental annual debt service cost to the district could be significantly less, due
to any related, offsetting energy savings and the availability of any potential energy grants.
Available Borrowing Capacity
The district’s available borrowing capacity as of the end of this fiscal year is $38,946,395 (net of
subsidy offsets). Borrowing capacity changes annually based upon the average of the last three
years of general fund revenues and the level of the general obligation issues outstanding.
Projected Fund Balance:
The district estimates its total fund balance at the end of this fiscal year to be $7,076,800, and
estimates that its next year ending unreserved, undesignated, fund balance will be $6,013,618.
The district’s practice is to designate any remaining fund balance that is un-reserved or
undesignated to fund future other post employment benefits (OPEB). The Governmental
Accounting Standards Board (GASB) Statement Number 45 requires recognition of these post
employment benefits, beginning in fiscal year 08/09 and years thereafter.
Cost saving and revenue enhancements:
Transportation:
The proposed budget provides for the continuation of the two – run bus shuttle system within the
district at an annual savings of nearly $60,000 that would otherwise be incurred by implementing
a three-run shuttle system.
District Bids:
Computer hardware bid, instructional supplies bid, athletic supplies bid, science supplies bid,
health supplies bid, art supplies bid, industrial art supplies bid, bus vehicle bid, maintenance
vehicle bid, snow plowing bid, grounds maintenance bid.
4. District RFP’s (Requests for Service Proposals):
Food service provider (Chartwells) RFP, cell phone RFP (shared with municipalities, and area fire
and ambulance services, pool services RFP, phone equipment RFP, insurance brokerage RFP,
liability insurance RFP, workers compensation insurance RFP, student athletic insurance RFP,
auditing firm RFP, bond counsel fee RFP, paying agent fee RFP, banking services RFP.
Participation In County and Regional Consortium Bids and RFP’s:
Electric power supplier RFP, computer supplies (toner, paper, etc.) bid, office supplies (60 % off
catalog) bid, bus run consortium (shared services), group life insurance RFP, disability income
protection RFP, healthcare consortium, PCS (prescription drug) purchasing consortium, fiber
optic network – county wide consortium, trash disposal bid, pesticide services bid, fuel oil bid,
motor fuels bid (shared with municipalities and area fire and ambulance services), bulk paper bid,
local and long distance phone service carrier.
Participation in State- wide Purchasing Consortiums (State Contracts):
State contract participation includes: synthetic turf athletic fields, athletic track facilities, roof
replacement, computer equipment, copier equipment, GVEC Board/Admin. furniture (constructed
by inmates of the State Correctional Facility) ,Concord, GVES, GVMS, & GVHS classroom
furniture.
Procurement Cards:
Use of procurement cards for recurring purchases, reducing clerical processing time.
Debt Management:
Long-term debt re-structuring, re-financings, and use of variable rate debt to reduce millage
variations
Use of investment arbitrage earnings on debt borrowings to offset debt service
Wages and Benefits:
Overtime and extra work bi-weekly report monitoring
Use of student labor in cafeteria; data wiring; and, computer construction / configuration updates
ERIP (early retirement incentive plans)
Medical Premium annual pre-funding (saves up to 5% of total premium cost)
Change in basic health plan coverage from BC-BS Personal Choice 10 to Personal Choice
20/30/70; and including employee incentives to opt-out of the medical plan
Self-insured prescription drug plan
Self-insured dental plan
Tuition reimbursement caps
Use of 457b, 403b deferred compensation plans and HRA accounts upon severance, saving
employer FICA tax
Section 125 flexible spending accounts, saving employer social security expense
Certified Workers Compensation Safety Committee, saving 5% premium annually
Food Service:
Bulk purchasing of cafeteria food supplies through food service vendor
Transportation:
Use of Edulog transportation software to minimize numbers of buses used
Wheelchair buses purchased to reduce payments to outside vendor.
Facilities:
Salting and supplemental snow removal services provided by area municipalities
Computer networked energy control systems installed in school buildings
Low energy lighting installed throughout the district
Geothermal heating, new Concord Elementary School
5. Districtwide “Green Initiatives” to conserve district resources and encourage recycling
Program:
Successful defense and denial of start-up local charter school, saving over $700,000 annually
Special education take-back programs (hearing, speech)
Extended kindergarten (vs. full day kindergarten), enhanced program without cost of full day
program
RSVP program, offering help to senior citizens while not impacting district wage costs
Residency verification, reducing the potential for non-resident students
Alternative Revenues:
Rents from Delaware County Intermediate Unit for FHG building and Pennington School
Attraction of new commercial property owners (Ericson, Main Line Health)
Impact fee / donation from Toll Brs to assist with widening of Station Rd ($500,000)
LERTA tax incentive zone, enhancing tax base
Active defense of major tax assessment appeals, maintaining tax assessment base
Use of lockbox collection services for tax payments, improving cash flow and total funds invested
Investment earnings
Receipt of $300,000+ grant to retrofit all buses for ULSF (Federal mandate by October 2006)
Curriculum related grant writing
Accountability Grants
Special Education grants
IDEA Grant
ACCESS Grant
Federal Program grants
Rentals of classrooms
Athletic receipts
Field use facility fees
Fees for prison program administration
Auctions of surplus property
Summer School Tuition
Purchase card rebates
Advertising revenues (circulars and fence signs)
Charitable contributions solicited or received:
Fund raisers (auctions, promotional sales)
Donations and Contributions:
Developer impact fees (residential developer) – offsetting construction costs
Trust Funds (Scholarships)
Donated Property:
NAEIR Surplus Center Participation (instructional materials and maintenance
items)
HS Fitness Center equipment
Electronic scoreboards
Personal computers, library books, office equipment, jackets, musical
instruments
Traffic signal installation (thru Concord Township)
Donated Services:
Snack Shack construction
Football field lighting and installation
Facility scheduling software and service
Service organization volunteers (GV Foundation, BAC, DAC, booster clubs)
District volunteers
8. 01/19/2011, Delaney, Page 3
Costcenterbdgt1011b May 17, 2010
Proposed Mills 27.470 2.892% GARNET VALLEY SCHOOL DISTRICT
Equip Note $1.250M COST CENTER BUDGET SUMMARY MEMO:
Debt Var Rate 2.50% 2009 - 2010
Invest Rate 0.54% 2 Yr Prior 1 Yr Prior 1 Yr Prior Current Current Estimate Proposed Bdgt to Bdgt to Mills Incr
Use of Fd Bal 1,063,182 Actual Budget Actual Budget % of Estimate over / Proposed Year Budget % of Bdgt Bdgt (Decr) @
Acct Ctr Cost Center 2007 - 2008 2008 - 2009 2008 - 2009 2009 - 2010 Tot Bdgt 2009 - 2010 (Under) Bdgt Memo 2010 - 2011 Tot Bdgt $ % 2,355,115
Debt Service, Fund Transfers, and Budgetary Reserve
5,100 1,010 Debt Service - GOBs & GONs 7,862,226 8,160,409 8,160,409 8,037,499 9.99% 7,850,499 (187,000) 7,967,770 9.53% (69,729) -0.87% -0.030
5,100 1,020 Lease rental appropriation - 20M (St Pub) 1,539,558 1,541,957 1,541,957 1,548,157 1.92% 1,548,157 0 1,542,958 1.85% (5,199) -0.34% -0.002
5,100 1,040 Now: DVRFA Rate Chngs; Pr Yrs Patriot Lease 0 0.00% 0 0 0.00% 0 0.000
5,100 1,050 Equipment Notes 1,005,265 1,133,369 655,466 1,256,336 1.56% 920,544 (335,792) DVRFA 4 Yr Var Rt Notes 1,272,665 1.52% 16,329 1.30% 0.007
5,100 1,050 New Equip Notes - DVRFA 26,250 26,250 26,250 25,521 0.03% 25,521 0 New Eq Note $1.250M 4yr 7 Mos First Yr 18,229 0.02% (7,292) -28.57% -0.003
5,100 1,060 Trustee fees, authority 18,691 25,000 18,989 22,000 0.03% 22,000 0 22,000 0.03% 0 0.00% 0.000
5,100 1,070 Del Co Vo Tech, DCCC 37,059 37,059 37,059 33,500 0.04% 33,500 0 33,500 0.04% 0 0.00% 0.000
5,200 1,090 Tfr to Cap Res Fd for txtbooks 0 6,562 0.00% 0 0 0.00% 0 ERR 0.000
5,900 1,100 Budgetary Reserve 0 360,000 360,000 0.45% (360,000) Budgetary Reserve 360,000 0.43% 0 0.00% 0.000
Total debt, transfers and reserves 10,489,049 11,290,606 10,440,130 11,283,013 14.02% 10,400,221 (882,792) 11,217,122 13.41% (65,891) -0.58% -0.028
TOTAL EXPENDITURE BUDGET 70,747,916 78,470,972 74,515,712 80,478,604 100.00% 78,892,301 (1,586,303) 83,624,748 100.00% 3,146,144 3.91% 1.336
MEMO: EXPENDITURE BUDGET NET OF OFFSETTING RECEIPTS:
Less:
DCCC tax (219,022) (245,249) (245,249) (244,973) 276
Fd bal transfer (offsetting rcpt) (360,000) (360,000) 0 (360,000) 0
Student funds (offsetting rcpt) (900,000) (900,000) (900,000) (900,000) 0
FutureGrant revenue (offsetting rcpt) (139,878) (136,978) (136,978) (136,978) 0
IDEA 0 0 0 0 0
Budget, net of offsetting receipts 76,852,072 78,836,377 2.58% 77,610,074 81,982,797 3.99% 3,146,420
Projected students per Housing Starts 4,759 4,836 4,759 4,821
Cost per student 16,149 16,302 0.95% 16,308 17,005 4.28%
9. 01/19/2011, Delaney, Page 4
Costcenterbdgt1011b May 17, 2010
Proposed Mills 27.470 2.892% GARNET VALLEY SCHOOL DISTRICT
Equip Note $1.250M COST CENTER BUDGET SUMMARY MEMO:
Debt Var Rate 2.50% 2009 - 2010
Invest Rate 0.54% 2 Yr Prior 1 Yr Prior 1 Yr Prior Current Current Estimate Proposed Bdgt to Bdgt to Mills Incr
Use of Fd Bal 1,063,182 Actual Budget Actual Budget % of Estimate over / Proposed Year Budget % of Bdgt Bdgt (Decr) @
Acct Ctr Cost Center 2007 - 2008 2008 - 2009 2008 - 2009 2009 - 2010 Tot Bdgt 2009 - 2010 (Under) Bdgt Memo 2010 - 2011 Tot Bdgt $ % 2,355,115
Tots Fwd: BUDGET TO BUDGET INCREASE 5,739,306 2,007,632 (Tot Req'd New Rev - All Sources) 3,146,144 3,146,144 156.71% 1.336
Less Other Funding Sources Applied To District Costs: Summary Change in Revenue:
Other local revenues: projected (incr),decr: (636,047) 20,732 Local All Other 406,966 406,966 1862.98% 0.173
Offset DCCC cost increase with Bethel mill effect (12,218) (26,227) Local CC 276 276 -101.05% 0.000
Fund balance carryover effect 499,068 1,081,896 Fund Bal (13,182) (13,182) -101.22% -0.006
State revenues: projected (incr),decr: Subtotal - Local Sources of New Revenues 394,060 0.000
Instruct Subsidy & Accountability Grant (57,306) (124,897) (73,759) -40.94% -0.031
Sp Ed (60,680) (37,653) (382) -98.99% -0.000
Fica (107,000) (65,000) (90,000) 38.46% -0.038
Retirement (96,000) (60,000) Other Revenue Sources: (310,000) 416.67% -0.132
Rental Reimb, Transp, Health, Charter Subsidies (12,986) (32,431) State (487,061) (12,920) -60.16% -0.005
Federal revenues: projected (incr),decr: (2,800) 0 Federal 0 0 0.000
Total other funding sources, (incr),decr: (485,969) 756,420 Total (93,001) (93,001) -112.29% -0.039
Add'l tax required after other funding sources 5,253,337 2,764,052 Add: 3,053,143 10.46% 1.296
Less: funded by the value of assmnt growth (3,427,699) (1,335,036) Less: Asmnt. Base Growth (1,235,023) (1,235,023) -7.49% -0.524
+ (-) Rounding Tot Other Rev Avail Offsets to Tot Tax Rev (1,328,024)
Net additional tax to be funded by mills incr ($) 1,825,638 1,429,016 Net Amt. of Tax Rev. Needed by Incr. in Mills 1,818,120 1,818,120 27.23% 0.772
Rounding (here; MilllsAdjustments Schedule) (29)
Net additional tax to be funded by mills incr (mills) 0.809 0.619 Amt. & Pct. of new mill used for tax rev (a x b) 2,355,115 1,818,120 b 0.772
ASSESSMENT BASE GROWTH, REVENUE CALCULATION:
New Mill Value: 2,355,115
Current Mill Value: 2,308,856
Increase in Mill Value 46,259
Times Current MIll Rate: 26.698
Revenue From Assmnt Base Growth 1,235,023
TAX REVENUE RECONCILIATION:
Total mill rate, prior year 25.270 26.079 Tax @ Cur Mill Rate @ New Mill Val 62,876,860 26.698
Rounding (978) 0.000
Less: Rev from Assmnt Growth (1,235,023) -0.524
Cur Yr Tax Restated in New Mills 61,640,859 26.174
Add'l Taxes Reqd to be Funded 3,053,143 1.296
Mill Rate - Concord & Chester Heights 26.079 26.698 Proposd Tax Rev; Mills - Conc & C H 64,694,002 0.772 2.89% 27.470
0
Community College - Additional Mills, Bethel 0.328 0.370 -0.007 -1.89% 0.363
Mill Rate: Bethel Only 26.407 27.068 0.765 2.83% 27.833
District Mill Value 2,257,664 2,308,856 2,355,115 46,259 2.00%
Bethel Mill Value 666,745 663,142 674,036 10,894 1.64%
10. 01/19/2011, Delaney, Page 5
Costcenterbdgt1011b May 17, 2010
Proposed Mills 27.470 2.892% GARNET VALLEY SCHOOL DISTRICT
Equip Note $1.250M COST CENTER BUDGET SUMMARY MEMO:
Debt Var Rate 2.50% 2009 - 2010
Invest Rate 0.54% 2 Yr Prior 1 Yr Prior 1 Yr Prior Current Current Estimate Proposed Bdgt to Bdgt to Mills Incr
Use of Fd Bal 1,063,182 Actual Budget Actual Budget % of Estimate over / Proposed Year Budget % of Bdgt Bdgt (Decr) @
Acct Ctr Cost Center 2007 - 2008 2008 - 2009 2008 - 2009 2009 - 2010 Tot Bdgt 2009 - 2010 (Under) Bdgt Memo 2010 - 2011 Tot Bdgt $ % 2,355,115
Revenue & Resource Budget Summary:
Local Revenues & Fd Balances Applied (Saved) Tot Mills:
Property Tax - Regular 53,201,794 58,876,807 55,531,218 61,640,859 76.59% 59,236,293 (2,404,566) 64,694,002 77.36% 3,053,143 4.95% 27.470
Property Tax - C.C. 204,749 219,022 204,544 245,249 0.30% 245,249 0 244,973 0.29% (276) -0.11%
Subtotal - Property Tax 53,406,543 59,095,829 55,735,762 61,886,108 76.90% 59,481,542 (2,404,566) 64,938,975 77.66% 3,052,867 4.93% Mill Incr (#):
All Other Local Revenues 8,521,632 7,018,193 7,101,722 6,997,461 8.69% 6,713,166 (284,295) 6,590,495 7.88% (406,966) -5.82% 0.772
Subtotal - All Local Revenues 61,928,175 66,114,022 62,837,484 68,883,569 85.59% 66,194,708 (2,688,861) 71,529,470 85.54% 2,645,901 3.84%
Budgeted Fund Balance Applied (Saved) 0 2,131,896 0 1,050,000 1.30% 0 (1,050,000) 1,063,182 1.27% 13,182 1.26%
Interfund Transfers (9000 Function) 0 0 0 0 0.00% 0 0 0 0.00% 0 Mill Incr (%):
Subtotal - All Local Sources 61,928,175 68,245,918 62,837,484 69,933,569 86.90% 66,194,708 (3,738,861) 1 72,592,652 86.81% 2,659,083 3.80% 2.89%
State Revenues (Bdgt excludes Hmstd Tax Relief) * 9,459,576 9,207,964 10,525,377 9,527,945 11.84% 10,971,814 1,443,869 0 10,015,006 11.98% 487,061 5.11% Change, net
Federal Revenues 607,964 1,017,090 720,291 1,017,090 1.26% 1,017,090 0 0 1,017,090 1.22% 0 0.00% of reg prop tax
TOT REV. & RESOURCE BUDGET 71,995,715 78,470,972 74,083,152 80,478,604 100.00% 78,183,612 (2,294,992) 1 83,624,748 100.00% 3,146,144 3.91% 93,001
* In order to calculate the required gross millage tax rate:
This schedule's budget column excludes the hmstd tax relief, and accordingly, the estimated and
actual state revenue columns include the hmstd tax relief with related, reduced tax collections
The detail revenue supporting schedule which follows includes the homestead tax relief
in its budget column to show the net tax collection performance.
Budget Summary:
770 Beginning Fund Balance 7,342,705 4,966,800 8,590,504 5,736,400 8,157,944 2,421,544 Estimated Beginning Fund Balance 7,076,800 1,340,400 23.37%
Revenues:
6,000 Local 61,928,175 66,114,022 62,837,484 68,883,569 66,194,708 (2,688,861) 71,529,470 2,645,901 3.84%
7,000 State 9,459,576 9,207,964 10,525,377 9,527,945 10,971,814 1,443,869 * Exclude Pa. homstead tax relief in bdgt colum 10,015,006 487,061 5.11%
8,000 Federal 607,964 1,017,090 720,291 1,017,090 1,017,090 0 1,017,090 0 0.00%
9,000 Other - Financing Sources/ Extern Fd Tfrs 0 0 0 0 0 0 0 0
Total Revenues 71,995,715 76,339,076 74,083,152 79,428,604 78,183,612 (1,244,992) 82,561,566 3,132,962 3.94%
770 Int Tfr: Bdgtd Fund Bal Applied (Saved) 0 2,131,896 0 1,050,000 0 (1,050,000) 1,063,182 13,182 1.26%
Total Revenue & Resources Budgeted 71,995,715 78,470,972 74,083,152 80,478,604 78,183,612 (2,294,992) 83,624,748 3,146,144 3.91%
Total Available Resources 79,338,420 83,437,772 82,673,656 86,215,004 86,341,556 126,552 90,701,548 4,486,544 5.20%
770 Less: Int Tfr: Bdgtd Fund Bal 0 (2,131,896) 0 (1,050,000) 0 1,050,000 (1,063,182) (13,182) 1.26%
Avail Resources net of Int Tfr Bdgtd Fd Bal 79,338,420 81,305,876 82,673,656 85,165,004 86,341,556 1,176,552 89,638,366 4,473,362 5.25%
1,100 to 5,999 Expenditures (70,747,916) (78,470,972) (74,515,712) (80,478,604) (78,892,301) 1,586,303 (83,624,748) (3,146,144) 3.91%
770 Ending Fund Balance 8,590,504 2,834,904 8,157,944 4,686,400 7,449,255 2,762,855 Estimated Ending Fund Balance 6,013,618 7.19% 1,327,218 28.32%
Designated 2,930,674 0 2,196,684 0 1,137,875 1,137,875 Designated 0 0.00% 0
Undesignated 5,659,830 2,834,904 5,961,260 4,686,400 6,311,380 1,624,980 Undesignated 6,013,618 7.19% 1,327,218 28.32%
Ending Fund Balance as % of Expenditures 12.14% 3.61% 10.95% 5.82% 9.44% 7.19%
