MONTHLY FINANCIAL REPORT OF THE MILTON-UNION BOARD OF EDUCATION

Transcription

1 MONTHLY FINANCIAL REPORT OF THE MILTON-UNION BOARD OF EDUCATION July 31, 217

2 MILTON-UNION EXEMPTED VILLAGE SCHOOL DISTRICT MONTHLY AND LONG TERM FINANCIAL REPORT The enclosed monthly financial report includes information about the General () Fund and All Funds. General Fund Information includes: Five Year Forecast Summary; Comparison ofyear To-Date Expenditures with Appropriations; Monthly Charts; and Cash Flow Chart. Reports for All Funds includes: Cash Control.

3 MIL TON-UNION SCHOOLS Quick Reference Recap - Fiscal Year To Date as of 7/31/217 Based on Updated Projections - May 217 REVENUES: 1.1 General Property (Real Estate) 1.2 Tangible Personal Property Tax 1.3 Income Tax 1.35 Unrestricted Grants-In-Aid 1.4 Restricted Grants-In-Aid 1.5 Property Tax Allocation 1.6 All Other Revenue 1.7 Total Revenue Projections From 5 Year Forecast 1,298,37 56,627 5,268 11,665 1,88 1,967,81 Actual Cash Flow 1,357,33 54,924 53,368 1, ,618 2,17,87 Variance 58,663-1,73 3,1-1, ,738 22,277 OTHER FINANCING SOURCES: 2.7 Total Other Financing Sources 2.8 Total Revenue and Other Financing Sources 1,518 1,969,328 35,885 2,25,972 34, , % EXPENDITURES: 3.1 Personal Services 3.2 Employee's Retirement/ Insurance Benefits 3.3 Purchased SeNices 3.4 Supplies and Materials 3.5 Capital Outlay 4.xx Total Inter-govt, Principal & Interest 4.3 Other Objects 4.5 Total Expenditures 67, , ,2 11,28 1, -26,464 1,145, ,81 241,59 215,55 17,57 13,214 5,531 1,86,167-13,311-37,87-58,947 6,227 12,214 31,995-59,692 OTHER FINANCIAL USES: 5.4 Total other Financing Uses 5.5 Total Expenditure and Other Financing Uses 1,145,859 1,86,167-59, % 6.1 Excess Rev & oth Fin Sources over (under) Exp 823,469 1,119,85 296, Beginning Cash Balance 7.2 Ending Cash Balance 8.1 Outstanding Encumbrances 7,675,696 8,499,165 7,675,696 8,795,51 744, , %

4 5 YEAR FORECAST SUMMARY: GENERALOPERATING FUND FY17 Thru FY21- May 217 Update Actual Fiscal Year 214 Beginning Cash Balance $5,337,34 Last Present Next Actual Actual Estimated Estimated Estimated Estimated Estimated Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year $6,436,91 $6,829,874 $7,21,277 $7,146,483 $6,325,142 $3,76,754 -$322,211 Income 13,699,976 % Revenue Change 4.6% Expenditures 12,6,919 % Expenditure Change -.28% 13,268,339 13,62, % 2.52% 12,874,555 13,231, % 2.77% 13,966,36 13,765,175 12,644,25 11,727,155 11,734, % -1.44% -8.14% -7.25%.6% 14,21,154 14,586,516 15,28,638 15,81,12 16,346, % 4.3% 4.27% 3.95% 3.4% Receipts Over/(Under) Expenditures 1,99,57 Ending Cash Balance 6,436,91 393, ,43 6,829,875 7,21,277 (54,794) (821,341) (2,564,388) (4,82,965) (4,612,551) 7,146,483 6,325,142 3,76, ,211-4,934,762 IMandated Budget Set Asides and Encumbrances: I 198, ,45 153, , 175, 175, 175, 175, Unreserved Ending Cash Balance 6,237,82 Enrollment: Head Count 1,549 Major Assumptions: Type Levies 6,657,83 7,47,678 1,49 1,469 Est. Yield 3.6 Inside 645, ,15, ,7, 1.9 6,971,483 6,15,142 3,585,754 (497,211) (5,19,762) 1,55 1,5 1,5 1,5 1,5 /'\1..C U dl Assessed Value for Tax Renewal Date Year 215 $179,429,36 Continuing Continuing Continuing Continuing Nov-21 Nov-17 Permanent Improvement 3.9 Pl 394,651 Nov-2

5 3:...J LL :c "C (/) C: <( ::s (.) LL (/) ~...J Cl) C: Cl) :c C) (.).. (/) ~ zz z :a: :J >- al z I -!:J :; (_) C: cu cu )..c: Cl) cu ¼ Cl),. ::J :!:::! "O C:.. X w + ::J C: > Cl'.'. + kuer o.-ioo o.-1nr o.-jd\f o_ oi..- (A- (A- o_ o_ o_ co rs: CD l() (A- (A- (A- fl'¼ o_ o_ o_ 'St (") N (A- fl'¼ (A- o_..- IF)- (A-

6 INVESTMENT SUMMARY As of July 31, 217 IPurchase Price (incll Projected Annual acer. Inti Maturity Yield to Maturity Date Purchased Bank/ Broker Income % of Assets US Bank $ 83,454.4 Daily % us Bank $ -.53% MainSource $ 793,35.8 Daily MainSource $ 4 5.2% Star Ohio $ 6,258, Daily 1.7% Star Ohio $ 54, 39.61% Boenning & Boenning & Scattergood~ Local $ 2,6,31.59 Varies Scattergood $ 17, 13.4% BoNY Lease Payment $ 6.9 Varies Bank of NY $ - % BoNY Res Ace #3 $ 149, Varies Bank of NY $ 1.95% COPS $ - Varies Bank of NY $ - % Huntington Bond Acct (215 Refunding) $ - % Huntington Bond Acct (1/16 Refunding) $ 3, Varies Huntington $ 2.2% Huntington Debt Service Reserve Acct (1/16 Refunding) $ 1,5, Varies Huntington $ 7, % CD'S Palmetto Heritage $ 15, 8/3/217 1% 8/3/212 Multibank $ 1,5.95% TrustAltantic Bank $ 1, 8/15/217 1% 8/15/212 Multibank $ 1,.63% Peoples Bank, Biloxi $ 25, 8/15/ % 8/15/212 Multibank $ 2, % Heritage Bank $ 29, 1/3/218 1% 1/3/213 Multibank $ 2,9 1.32% Wells Fargo Bk NA Sioux $ 248, 7/2/ % 6/3/216 Multibank $ 2, % Customers Bk Phoenixville PA $ 1, 1/29/ % 1/27/216 Multibank $ 1,15.63% Business Bank of St. L. $ 1, 12/17/ % 12/16/213 Multibank $ 1,65.63% GE Cap $ 5, 1/24/ % 1/24/214 Multibank $ 95.32% Bk St Souis Clayon $ 99, 1/3/ % 1/3/214 Multibank $ 1, % Capital One Bank, NA $ 97, 2/15/ % 2/15/217 Multibank $ 1, % FirstBank P R $ 15, 8/19/ % 2/17/217 Multibank $ 2,325.95% American Express, FSB $ 248, 1/23/ % 1/23/214 Multibank $ 5, % Goldman Sachs Bank USA $ 248, 1/28/22 2% 1/28/215 Multibank $ 4, % Peoples UTD Bk Bridgeport, CT $ 98, 2/4/ % 2/4/215 Multibank $ 1,715.62% Charterbank West PT GA $ 149, 2/11/ % 2111/215 Multibank $ 2, % Everbank, Jacksonville, FL $ 2, 3/3/ % 3/3/215 Multibank $ 3,5 1.27% Capital One BK USA Glen Allen, VA $ 15, 1/26/ % 1/26/216 Multibank $ 2,625.95% American Express, Centurion $ 247, /26/ % 4/24/217 Multibank $ 5, % Comenity Cap Bank Salt Lake City $ 99, 5/31/ % 5/31/217 Multibank $ 2, % Synchrony Bk Retail Ctf Dep $ 2, 6/9/ % 6/8/217 Multibank $ 4,8 1.27% $ 3,192, % AGENCY SECURITIES Federal Home Loan Mtg Corp $ 3, 12/28/218 1% 6/28/216 Multibank $ 3, 1.9% Federal National Mtg Assn $ 2,, 5/25/ % 5/25/216 Multibank $ 3, 12.66% Cash % Multibank Total $ 5,492, % $ 86, Total Cash cer Finsum $ Investment Yield Rate ~I~ ~~~;*;**";"'**'""'****"*""'""'**'IOU ~ ~ ~ ~ ~ ~ ~ ~ ~, ~ ~? li' ~ i ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ % 11+ $! I ~ ~ ~ ~ ~ ~ ~ w ~ i! ;!. a: i f ~ 1 ~ 1 ~ 1 f ~ 1 " " " " ' I -star Ohio -t,-huntington Bank -*-Mul!lBanl< I

7 $375, $35, $325, $3, $275, Lunchroom Receipts, Expenditures, Cash Balance July 31, 21 7 $25, _j_---, '" : ~\'<~ -'.-- $225, $2, $175, $1 5, $125, $1, $75, $5, $25, $ ' \ :.,;./" \,\ ' ) -:-;-:,._ N.,..I \,' : - '\...~\ _/:,-l, \~\ :,:- $(25,) $(5, ) -l--, ,---,---,----,.---,---,---,----,---,---,---,----,---,---,--,--,---,---,--.---, ,-----i ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ - ~~ # ~~ # ~~ # ~~ # ~~ # ~~ # ~~ # ~~ # I - Revenue - Expenditures Cash Balance I...;"... FY Cafeteria Net Profit/Loss Notes 21 $1, First year allocating custodian costs, electricity, and natural gas 211 ($24,792.4) 212 $4, ($46,341.9) Charged custodial costs and electricty. 214 ($15,342.62) Charged custodial costs and electricty. 215 $62, *Final. Did not charge custodial and utility costs. 216 $15, *Final. Did not charge custodial and utility costs. 217 $75,31.73 *Final. Charged custodial costs. Did not charge utility costs. 218 {$21,219.27)

8 Date, 8/2/17 F I N A N C I A L S U M M A R Y R E P O R T Page: Processing Month: July 217 (FINSUM) Milton-Union Exmp. Village 1 Fnd Sec Description GENERAL FUND BOND RETIREMENT PERMANENT IMPROVEMENT HB 264 ENERGY BOND BUILDING LUNCHROOM EXP TRUST MCCARROLL WOMEN Charles F. Tomlin Scholar EXP TRUST WATT FARRAR Gordon Patty T?ust Schola Goodwill Trust Scholarshi Beginning Balance 7,675, ,137, , , , , 5, 1, 2 MTD Revenues 2,25, , , FYTD Revenues 2,25, , , DO MTD Expenditures 1,86, , , , FYTD Expenditures 1,86, , , , Current Available Balance 8,795, ,14, ,527, , , , 5, 1, PRINCIPAL EL PTO 8, , PRINCIPAL MIDDLE SCHOOL 3, , Angel Network Principal DC Trip ES Angel Network Principal MS FOR PRINCIPAL HIGH SCHOOL 4, , PRINCIPAL HS LIBRARY PRINCIPAL FOCUS PRINCIPAL HABITAT FOR HUM Principal HS FOR Principal HS MH 21. DO M-U ED FOUNDATION GRA.NT F M-U ED FOUNDATION GRANT F M-U ED FOUNDATION GRANT F 1, , MIAMI COUNTY FOUNDATION F MIAMI COUNTY FOUNDATION F 1,8.78 1, MIAMI COUNTY FOUNDATION F 1, , Miami Co Foundation Fresh Miami Co Foundation High UNIFORM SUPPLIES ELEMENTA illjiform SUPPLIES GENERAL 3, , illjiformed SUPPLIES GENERA 11, , UNIFORM SUPPLIES TWILIGHT LOWRY REC COMPLEX PRINCIPAL ELEMENTARY 11, , PRINCIPAL ELEM LIBR DO PRINCIPAL HUMAN-I-TEES Wellness Funds 16, , Freshman Focus Miami Coun Monsanto Grant 1, , WalMart Community Grant Ohio Ready Schools Target Grant HS Phys Ed Donations

9 Date: 8/2/17 F I N A N C I A L S U M M A R Y Processing Month: July 217 Milton-Union Exmp. Village R E P O R T Page: {FINSUM) 2 Fnd Sec Description OHSSA TOURNEMENT FUND SWBL TOURNEMENT FUND SWBL ACADEMIC LEAGUE DISTRICT AP CHECK HOLD District Pay Check Hold OSFC MAINTENANCE FUND TERMINATION BENEFITS STUD ACT HONOR SOCIETY STUD ACT HONOR SOCIETY MS HS CHOIR STUD ACT MUSICAL HS STUD ACT DRAMA MS STUDENT ACT BULLDOG PRIDE CLASS 215 Class of 217 Class of 218 Class of 219 CLASS OF 22 STUD ACT VARSITY M STUD ACT STUDENT COUNCIL STUD ACT STUD COUNCIL MS STUD ACT YEARBOOK MS STUD ACT YEARBOOK HS STUD ACT FFA Student Managed BPA ATHLETIC FUND Straight A #2 STEM OH Acad of Science-Believ PART B IDEA FY17 TITLE I FY17 Beginning Balance 4, , , , , , , , ,6.6 2, , , , , , , , , , ,96.62 MTD Revenues ,9.25 FYTD Revenues ,9.25 MTD Expenditures 2, , , , ,96.62 FYTD Expenditures 2, , DO 1, , ,96.62 Current Available Balance 4, , , , , , , , ,6.6 2, , , , , , , ,7.33 6, Grand Total All Funds 14,151, ,94, , ,294, , , Total Invested Funds