Tipp City Exempted Village Schools. Miami County

Transcription

1 Tipp City Exempted Village Schools Miami County Monthly Financial Report December 2013 Contents: December 2013 Bank Reconciliation December 2013 Interest/Investment Statement Monthly Financial Report 3 Year History Fiscal-year-to-Date Financial Report 3 Year History December 2013 Financial Report by Fund Gina M. Gagliano, CPA, Treasurer/CFO

2 Tipp City EVSD Monthly Financial Report - 3 Year History December General Fund Only FY14 FY13 FY12 FYTD FYTD FYTD December December December December December December Revenue General Property Taxes $177,814 $0 $0 $4,847,703 $4,868,370 $4,861,066 Tangible Personal Property Taxes -$177,814 $0 $0 $0 $0 $2,636 Unrestricted Grants-in-Aid $601,444 $567,406 $565,370 Incules TPP reimbursement from State $4,826,677 $4,550,354 $4,699,032 Restricted Grants-in-Aid $1,649 $2,991 $25,198 $24,783 $48,652 $112,396 All Other Operating Revenue $66,718 $66,920 $51,086 Tuition, participation fees, miscellaneous. $479,214 $515,048 $383,906 Total Revenue $669,811 $637,317 $641,654 $10,178,377 $9,982,424 $10,059,036 Other Financing Sources Advances-In $0 $0 $0 $20,700 $0 $0 All Other Financing Sources $142 $0 $0 $77,006 $27,104 $56,978 Total Other Financing Sources $142 $0 $0 $97,706 $27,104 $56,978 Total Revenue & Other Financing Sources $669,953 $637,317 $641,654 $10,276,083 $10,009,528 $10,116,014 Expenditures Personal Services $926,223 $904,882 $977,010 $6,095,570 $6,053,507 $6,476,108 Employees' Benefits $342,153 $342,651 $370,149 $2,015,197 $2,066,049 $2,164,792 Purchased Services $272,155 $261,911 $270,848 $1,094,765 $1,380,533 $1,465,727 Supplies and Materials $38,076 $18,897 $43,589 $233,745 $213,754 $281,852 Capital Outlay $1,521 $1,649 $0 $21,059 $16,126 $19,765 Other $102,758 $40,084 $28,261 Other includes ESC Foundation deduction, previously coded as "400" objects $594,175 $180,960 $148,505 Total Expenditures $1,682,886 $1,570,074 $1,689,857 $10,054,511 $9,910,929 $10,556,749 Excess Revenue over (under) -$1,012,933 -$932,757 -$1,048,203 $221,572 $98,599 -$440,735 Expenditures Beginning Cash Balance $2,446,703 $1,698,895 $1,904,385 $1,212,198 $667,539 $1,296,917 Ending Cash Balance $1,433,770 $766,138 $856,182 $1,433,770 $766,138 $856,182 $2,000,000 $1,000,000 $0 -$1,000,000 Total Revenue Total Excess Expenditures Revenue over (under) Ending Cash Balance December 2013 December 2012 December 2011 $12,000,000 $11,000,000 $10,000,000 $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 -$1,000,000 FYTD December 2013 FYTD December 2012 FYTD December $2,000,000 1

3 TIPP CITY EVSD BANK RECONCILIATION December /14/14 10:52 AM Bank Statement Balances: Unity National Bank - Operating (Concentration Acct.) 199, Unity National Bank - Payroll 71, Unity National Bank - Repurchase Agreement 737, Unity National Bank - Money Market 625, Monroe Federal - Money Market Fund 96, Fifth-Third Securities 1,000, Change/Petty Cash Funds THS TMS LT BALL Broadway Nevin Coppock Total Bank Balances: 2,731, Adjustments: Outstanding Checks (Operating) (270,785.53) Outstanding Checks (Payroll) (71,333.70) SERS Deduction not made until January 2014 (263.40) Amounts in Accumulator not taken until January 2014 (75.34) Interest - Unity Repurchase Agreement (129.70) Interest - Unity Money Market (42.78) Interest - Monroe Federal (21.26) Interest - 5/3 Securities (77.19) Interest - September/October/November not posted until January 2014 (1,160.81) Wire Fees - United National Bank Service Charge - Unity National Bank Total Adjustments: (343,642.36) Adjusted Bank Balances: 2,387, Fund Balances per Board Books: 2,387, Variance

4 TIPP CITY EVSD SCHOOL DISTRICT 14-Jan-14 INVESTMENT INCOME 10:52 AM December 2013 INVESTMENT INCOME: Bank Amount Receipt Code Unity National Bank - Repurchase Agreement 0.11% Unity National Bank - Money Market 0.07% Monroe Federal - Money Market Fund 0.25% Fifth Third Investments 0.01% TOTAL INVESTMENT INCOME $ INVESTMENT INCOME DISTRIBUTION: Fund Fund Balance Rate Amount Receipt Code Nutrition Services Fund 8, % General Fund Interest Distribution $ (4.72) $ 4.72 RECEIPT # POSTED Copy: Amy I. 3

5 Tipp City Exempted Village School District 5/3 Securities Investment Ledger - December 2013 Prepared: January 10, 2014 Calculated Total Acquisition Maturity Holding Coupon Par Acquisition Acquisition Purchased Acquisition Type Date CUSIP Date Period Rate Amount Price Cost Premium Discount Interest Cost FNMA 10/2/ G0C90 9/25/2017 1, % $500, $500, $0.00 $0.00 $72.92 $500, Sub-Total Securities 1,454 $500, $500, $0.00 $0.00 $72.92 $500, Ally Band Midvale Utah 11/27/ LCS0 11/28/2016 1, % $250, $250, $0.00 $0.00 $0.00 $250, Bank Baroda New York 11/29/ AAX7 11/29/2016 1, % $250, $250, $0.00 $0.00 $0.00 $250, Sub-Total CD's 3,647 $500, $500, $0.00 $0.00 $0.00 $500, Sub-Total Securities & CD's 5,101 $1,000, $1,000, $0.00 $0.00 $72.92 $1,000, Cash and Cash Equivalents (Money Market Fund) $4.27 Total Porfolio $1,000, Per Books $999, Interest $77.19 Total Portfolio $1,000, Average Portfolio Maturity at 11/30/ Bond Maturity Less than 1 Year 0% Bond Maturity Greater than 1 Year 100% $0.00 4

6 Date: 01/03/2014 Tipp City Ex Village Schools Page: 1 Time: 9:20 am Financial Report by Fund (FINSUM) TCEVS - DECEMBER 2013 FYTD MTD FYTD Current Current Unencumbered Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance TOTAL FOR Fund GENERAL: 1,211, , ,234, ,682, ,054, ,392, , ,127, TOTAL FOR Fund BOND RETIREMENT: 1,146, , ,400, , , TOTAL FOR Fund PERMANENT IMPROVEMENT: 419, , , , , , , TOTAL FOR Fund BUILDING: TOTAL FOR Fund FOOD SERVICE: 13, , , , , , , , TOTAL FOR Fund SPECIAL TRUST: 72, , , , , , TOTAL FOR Fund UNIFORM SCHOOL SUPPLIES: 3, , , , , , , TOTAL FOR Fund EMERGENCY LEVY: , , , , TOTAL FOR Fund PUBLIC SCHOOL SUPPORT: 202, , , , , , , , TOTAL FOR Fund OTHER GRANT: , , , , , , TOTAL FOR Fund DISTRICT AGENCY: , , , , , TOTAL FOR Fund UNDERGROUND STORAGE TANK FUND 11, , , TOTAL FOR Fund STUDENT MANAGED ACTIVITY: 57, , , , , , , , TOTAL FOR Fund DISTRICT MANAGED ACTIVITY: 121, , , , , , , , TOTAL FOR Fund MANAGEMENT INFORMATION SYSTEM TOTAL FOR Fund SCHOOLNET EQUIP/INFRASTRUCTUR 5

7 Date: 01/03/2014 Tipp City Ex Village Schools Page: 2 Time: 9:20 am Financial Report by Fund (FINSUM) TCEVS - DECEMBER 2013 FYTD MTD FYTD Current Current Unencumbered Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance TOTAL FOR Fund DATA COMMUNICATION FUND: , , , TOTAL FOR Fund SCHOOLNET PROFESS. DEVELOPMEN TOTAL FOR Fund MISCELLANEOUS STATE GRANT FUN TOTAL FOR Fund EDUCATION JOBS FUND: TOTAL FOR Fund RACE TO THE TOP: 3, , , , TOTAL FOR Fund IDEA PART B GRANTS: , , , , , TOTAL FOR Fund FISCAL STABILIZATION FUND: TOTAL FOR Fund TITLE II D - TECHNOLOGY: 1, , TOTAL FOR Fund LIMITED ENGLISH PROFICIENCY: , , , , , , TOTAL FOR Fund TITLE I DISADVANTAGED CHILDRE 5, , , , , TOTAL FOR Fund TITLE V INNOVATIVE EDUC PGM: TOTAL FOR Fund DRUG FREE SCHOOL GRANT FUND: TOTAL FOR Fund IMPROVING TEACHER QUALITY: , , , , TOTAL FOR Fund MISCELLANEOUS FED. GRANT FUND GRAND TOTALS: 3,269, , ,408, ,940, ,290, ,387, , ,750,