Projected June 30, 2018 Fund Balance $ 6,181,020

Transcription

1 RESOLUTION FOR ADOPTION BY THE BOARD OF EDUCATION OF THE GENESEE INTERMEDIATE SCHOOL DISTRICT INITIAL BUDGET ADOPTION BE IT RESOLVED, that the total revenues and general education fund, special education fund, career technical education fund, enterprise fund, capital projects fund, special education capital projects fund, career technical education capital projects fund, Durant settlement fund, and school lunch services fund balances of the Genesee Intermediate School District estimated to be available for appropriation for fiscal year , which includes.4134 mill for operating, mills for special education and.9624 mill for vocational education to be amended as follows: GENERAL EDUCATION FUND Local $ 3,149,520 State $ 19,417,764 Federal $ 17,326,441 Other Financing Sources $ 5,173,831 Total Revenue $ 45,067,556 Total Fund Balance, July 1 Available to Appropriate $ 6,634,861 Total Available to Appropriate $ 51,702,417 BE IT FURTHER RESOLVED, that $ 45,521,397 of the total available to appropriate in the general education fund is hereby appropriated in the amounts and for the purposes set forth below: Basic Instruction $ 15,435,487 Added Instruction $ 520,610 Pupil Support Services $ 2,481,396 Instructional Support Services $ 7,892,868 General Administration $ 1,081,914 School Administration $ 785,842 Business Administration $ 1,023,890 Operations & Maintenance $ 1,926,998 Transportation $ 1,120,947 Central Support Services $ 3,809,147 Other Support Services $ 255,915 Community Services $ 197,833 Payments to Local Districts $ 8,323,128 Other Uses $ 665,422 Total Appropriated $ 45,521,397 Projected June 30, 2018 Fund Balance $ 6,181,020

2 GENERAL EDUCATION FUND GENESEE OPPORTUNITY Local $ 2,328,320 Total Revenue $ 2,328,320 Total Fund Balance, July 1 Available to Appropriate $ 1,557,400 Total Available to Appropriate $ 3,885,720 BE IT FURTHER RESOLVED, that $ 2,328,320 of the total available to appropriate in the general education Genesee Opportunity fund is hereby appropriated in the amounts and for the purposes set forth below: Pupil Support Services $ 141,211 Business Administration $ 30,000 Operations & Maintenance $ 600 Central Support Services $ 13,406 Community Services $ 2,143,103 Total Appropriated $ 2,328,320 Projected June 30, 2018 Fund Balance $ 1,557,400 BE IT FURTHER RESOLVED, that the total revenues and special education fund balance estimated to be available for appropriations in the special education fund of the Genesee Intermediate School District for fiscal year is as follows: SPECIAL EDUCATION FUND Local $ 27,208,898 State $ 37,048,646 Federal $ 17,930,850 Other Financing Sources $ 596,178 Total Revenue $ 82,784,572 Total Fund Balance, July 1 Available to Appropriate $ 9,892,073 Total Available to Appropriate $ 92,676,645 BE IT FURTHER RESOLVED, that $ 81,365,436 of the total available to appropriate in the special education fund is hereby appropriated in the amounts and for the purposes set forth below:

3 Added Instruction $ 21,510,042 Pupil Support Services $ 15,867,544 Instructional Support Services $ 1,756,514 General Administration $ 502,036 School Administration $ 1,380,409 Business Administration $ 1,758,585 Operations & Maintenance $ 3,417,118 Transportation $ 8,398,095 Central Support Services $ 3,249,583 Other Support Services $ 11,000 Community Services $ 116,740 Payments to Local Districts $ 20,937,670 Other Uses $ 2,460,100 Total Appropriated $ 81,365,436 Projected June 30, 2018 Fund Balance $ 11,311,209 BE IT FURTHER RESOLVED, that the total revenues and career technical education fund balance estimated to be available for appropriations in the career technical education fund of the Genesee Intermediate School District for fiscal year is as follows: CAREER TECHNICAL EDUCATION FUND Local $ 9,131,701 State $ 5,023,445 Federal $ 1,311,649 Other Financing Sources $ - Total Revenue $ 15,466,795 Total Fund Balance, July 1 Available to Appropriate $ 5,524,334 Total Available to Appropriate $ 20,991,129 BE IT FURTHER RESOLVED, that $ 15,189,609 of the total available to appropriate in the career technical education fund is hereby appropriated in the amounts and for the purposes set forth below:

4 Added Instruction $ 5,552,780 Pupil Support Services $ 379,634 Instructional Support Services $ 1,962,575 General Administration $ 98,717 School Administration $ 708,911 Business Administration $ 242,667 Operations & Maintenance $ 1,346,588 Transportation $ 788,472 Central Support Services $ 472,378 Other Support Services $ 2,700 Payments to Local Districts $ 2,262,187 Other Uses $ 1,372,000 Total Appropriated $ 15,189,609 Projected June 30, 2018 Fund Balance $ 5,801,520 BE IT FURTHER RESOLVED, that the total revenues and enterprise fund balance estimated to be available for appropriations in the enterprise fund of the Genesee Intermediate School District for fiscal year is as follows: ENTERPRISE FUND Local $ 23,160,256 Other Financing Sources $ 847,471 Total Revenue $ 24,007,727 Total Fund Balance, July 1 Available to Appropriate $ 10,729,682 Total Available to Appropriate $ 34,737,409 BE IT FURTHER RESOLVED, that $ 26,960,292 of the total available to appropriate in the enterprise fund is hereby appropriated in the amounts and for the purposes set forth below:

5 Basic Instruction $ 97,722 Instructional Support Services $ 314,780 Business Administration $ 1,884,679 Operations & Maintenance $ 256,315 Transportation $ 13,139,057 Central Support Services $ 9,411,489 Other Uses $ 30,250 Depreciation $ 1,826,000 Total Appropriated $ 26,960,292 Unadjusted Fund Balance $ 7,777,117 Reverse Depreciation Expense $ 1,826,000 Projected June 30, 2018 Fund Balance $ 9,603,117 BE IT FURTHER RESOLVED, that the total revenues and capital projects fund balance estimated to be available for appropriations in the capital projects fund of the Genesee Intermediate School District for fiscal year is as follows: CAPITAL PROJECTS FUND Local $ 21,340 Other Financing Sources $ 650,000 Total Revenue $ 671,340 Total Fund Balance, July 1 Available to Appropriate $ 1,735,974 Total Available to Appropriate $ 2,407,314 BE IT FURTHER RESOLVED, that $ 1,126,000 of the total available to appropriate in the capital projects fund is hereby appropriated in the amounts and for the purposes set forth below: Capital Improvements $ 1,126,000 Total Appropriated $ 1,126,000 Projected June 30, 2018 Fund Balance $ 1,281,314 BE IT FURTHER RESOLVED, that the total revenues and special education capital projects fund balance estimated to be available for appropriations in the special education capital projects fund of the Genesee Intermediate School District for fiscal year is as follows:

6 SPECIAL EDUCATION CAPITAL PROJECTS FUND Local Sources $ 3,200 Other Financing Sources $ 2,400,000 Total Revenue $ 2,403,200 Total Fund Balance, July 1 Available to Appropriate $ 8,268,428 Total Available to Appropriate $ 10,671,628 BE IT FURTHER RESOLVED, that $ 1,310,750 of the total available to appropriate in the special education capital projects fund is hereby appropriated in the amounts and for the purposes set forth below: Capital Improvements $ 1,310,750 Total Appropriated $ 1,310,750 Projected June 30, 2018 Fund Balance $ 9,360,878 BE IT FURTHER RESOLVED, that the total revenues and career technical education capital projects fund balance estimated to be available for appropriations in the career technical education capital projects fund of the Genesee Intermediate School District for fiscal year is as follows: CAREER TECHNICAL EDUCATION CAPITAL PROJECTS FUND Local Sources $ 3,000 Fund Modification $ 900,000 Total Revenue $ 903,000 Total Fund Balance, July 1 Available to Appropriate $ 4,180,806 Total Available to Appropriate $ 5,083,806 BE IT FURTHER RESOLVED, that $ 1,307,000 of the total available to appropriate in the career technical education capital projects fund is hereby appropriated in the amounts and for the purposes set forth below:

7 Capital Improvements $ 1,307,000 Total Appropriated $ 1,307,000 Projected June 30, 2018 Fund Balance $ 3,776,806 BE IT FURTHER RESOLVED, that the total revenues and Durant settlement fund balance estimated to be available for appropriations in the Durant settlement fund of the Genesee Intermediate School District for fiscal year is as follows: DURANT SETTLEMENT FUND Local Sources $ 280 Total Revenue $ 280 Total Fund Balance, July 1 Available to Appropriate $ 319,633 Total Available to Appropriate $ 319,913 BE IT FURTHER RESOLVED, that $ 145,000 of the total available to appropriate in the Durant settlement fund is hereby appropriated in the amounts and for the purposes set forth below: Other Support Services $ 145,000 Total Appropriated $ 145,000 Projected June 30, 2018 Fund Balance $ 174,913 BE IT FURTHER RESOLVED, that the total revenues and school lunch services fund balance estimated to be available for appropriations in the school lunch services fund of the Genesee Intermediate School District for fiscal year is as follows:

8 SCHOOL LUNCH SERVICES FUND Local Sources $ 31,650 State Sources $ 1,319 Federal Sources $ 336,643 Total Revenue $ 369,612 Total Fund Balance, July 1 Available to Appropriate $ 104,693 Total Available to Appropriate $ 474,305 BE IT FURTHER RESOLVED, that $ 357,217 of the total available to appropriate in the school lunch services fund is hereby appropriated in the amounts and for the purposes set forth below: Other Support Services $ 357,217 Total Appropriated $ 357,217 Projected June 30, 2018 Fund Balance $ 117,088 BE IT FURTHER RESOLVED, that no Board of Education member or employee of the school district shall expend any funds or obligate the expenditure of any funds, except pursuant to appropriations made by the Board of Education and in keeping with the budgetary policy statement hitherto adopted by the board. Changes in the amount appropriated by the board shall require approval by the board; BE IT FURTHER RESOLVED, that the superintendent is hereby charged with general supervision of the execution of the budget adopted by the board and shall hold department heads responsible for performance of their responsibilities in the amounts appropriated by the Board of Education in keeping with the budgetary policy statement hitherto adopted by the board. THEREFORE, BE IT RESOLVED THAT:

9 The Board shall adopt this budget amendment appropriation resolution at a regular meeting to be held on June 26, 2017 at 5:00 p.m. at the Erwin L. Davis Educational Center located at 2413 W. Maple Road, Flint, Michigan. Ayes: Dr. Paul D. Newman, Mr. Dale A. Green, Mr. Lawrence P. Ford, Mr. Jerry G. Ragsdale Nays: None. Absent: Mrs. Cindy A. Gansen Resolution declared adopted. Attested by: Dale A. Green, Secretary Genesee Intermediate School District Board of Education The undersigned duly qualified and acting Secretary of the Board of Education of Genesee Intermediate School District, Genesee County, Michigan, hereby certifies that the foregoing is a true and complete copy of a resolution adopted by the Board at its regular meeting held on June 26, 2017, the original of which resolution is a part of the Board s minutes and further certifies that notice of the meeting was given to the public under the Open Meetings Act, 1976 PA 267 as amended. Dale A. Green, Secretary Genesee Intermediate School District Board of Education