Charter High School for Architecture & Design

Transcription

1 Financial Operations Report September 30, S ant ii &~2~:~~ euslneu or Education

2 Balance Sheet September 2017 ASSETS Current Assets Checking/Savings Cash Due from Other School Districts Due from Food Service Due from School District of Philadelphia Due from Federal Due from Foundation Due from Commonwealth Due from Commonwealth Lease Credit Cards to be Allocated Prepaid Expenses Prepaid Rent - CDFF Retainer Total Current Assets September 2017 August , ,519 11,585 17, , ,567 27,799 67, , ,511 17,783 17,783 13,621 7,491 7,019 28,429 28,429 6,525 6,525 1,249,406 1,568,591 Fixed Assets Building Improvements Furniture, Software and Computers Total Fixed Assets 120, ,970 35,414 35, , ,384 Deferred Outflows of Resources (GASB 68) 1,190,115 1,190,115 TOTAL ASSETS 2,595,904 2,915,090 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Gain Contingencies Salaries & Benefits Payable Leases Payable Line of Credit Net Pension Liability (GASB 68) Due to PSERS & Other Payroll Items Due to Student Activities Uniform Fund Total Current Liabilities 81,965 93, , ,259 39,158 39,158 11,389,731 11,389, , ,980 14,295 14,295 1,734 1,734 12,188,624 12,336,866 Deferred Inflows of Resources (GASB 68) 820, ,005 Total Liabilities Equity Available for Appropriation FY 2015 Investment In Fixed Assets Designated for Prepaid Rent Unrestricted Net Income Total Equity 13,008,629 13,156, , ,384 28,429 28,429 (10,864,241) (10,864,241) 266, ,647 (10,412, 725) (10,241,781) TOTAL LIABILITIES & EQUITY 2,595,904 2,915,090 Total Equity Without Effect of GASB ,374 1,126,318 1

3 Fiscal Year ADOPTED Allocated Actual Variance Summary by Function Revenues School District Subsidy Other Local 7,046, ,585 1,761,506 16,500 1,602,167 4,846 (159,338) (11,654) Fund raising 150,000 State Federal Total Revenue 152, ,274 8,014, , ,878, ,011 1,802, , 192 (76,788) Expenditures Instruction Regular Education Special Programs Summer School Support Services Guidance Library Services Professional Development Legal Services Office of the CEO Administrative Pupil Health Business Building Services Central Information Technology Security Noninstructional Services Student Activities Total Expenditures 3,633, ,032 15, ,725 5,000 28, , , ,777 72, ,440 1,216, , ,240 53,862 7,911,328 1,016, ,201 15,887 60, ,667 19,458 88, ,228 7,837 34, ,520 84,309 23,540 1,922, ,068 96,219 31,735 59, ,588 28,690 80, ,393 9,949 37, ,973 75,708 46,363 1,535, ,336 6,982 (15,848) (922) (9,231 ) 7,900 (9, 165) (2, 11 3) (3,346} 19,547 8,600 (22,823) 387,448 Revenues Over (Under) Expenditures 103,436 (43,956) 266, ,660 Summary by Major Class Salaries Employee Benefits Professional Services Building Services Rent Purchased Services Supplies, Books, & Software Computers & Equipment 3,573,401 1,942, , , , , ,700 87, , , ,002 59, ,000 72,902 67,417 16, , , ,427 44, ,014 85,560 47,889 16,814 61, ,963 (55,425} 15,146 (14) (12,658) 19,528 (183) 7,91 1,328 1,922,780 1,535, ,448 2

4 ADOPTED Allocated Actual Variance Fiscal Year Revenues 3 School District Subsidy 4 Regular Education 5, 115,587 1,278, ,236 (331,661) 5 Special Education 1,930, , , , ,046,022 1,761,506 1,602, 167 (159,338) 7 Other Local 8 Bank Interest 4, (666) 9 Summer School 10,000 10,000 4,818 (5, 182) 10 IDEA 154, Miscellaneous 10,000 1, (1,639) 12 Student Fees 25,000 4,167 (4,167} ,585 16,500 4,846 (11,654) 14 Contributions 15 Fundraising 150, , Commonwealth 18 Lease Reimbursement 97, Health Reimbursement 7,004 Ready To Learn 48, , Federal 22 Federal Entitlements 387,274 96, ,171 94, E-Rate 75,000 4,000 3,840 (160) , , ,011 94, Total Revenues 8,014,764 1,878,824 1,802,036 (76,788} Expenditures 29 Instruction 30 Regular Education 31 Salaries 2,234, , ,458 28, Employee Benefits 1,229, , , , Other Purchased Services 27,500 4,583 4, Supplies 51,500 24,000 23, Books and Software 50,000 11,000 10, Furniture & Equipment 10,000 1,667 1, Technology - Lease 30,056 7,514 7,514 (0) 38 3,633,281 1,016, , , Special Programs 40 Salaries 393,974 68,458 55,751 12, Employee Benefits 188,458 31,410 36,156 (4,746) 42 Professional Services 120,600 1,680 (1,680) Settlements 50, Private Schools 60, Supplies and Books 20,000 3,333 2, , ,201 96,219 6,982 3

5 ADOPTED Allocated Actual Variance Fiscal Year Summer School 47 Salaries 11,250 11,250 25,350 (14, 100) 48 Employee Benefits 4,637 4,637 6,385 (1,748) 49 15,887 15,887 31,735 (15,848} Total Instruction 4,482,200 1,135, , , Support Services 54 Counseling 55 Salaries 208,682 39,509 35,682 3, Employee Benefits 123,043 20,507 23,637 (3, 130) 57 Professional Services 15, ,725 60,016 59, Library Services 61 Supplies 5, , Professional Development 64 Salaries 65 Employee Benefits 10,000 1,667 1, Professional Services 10,000 1,667 5,588 (3,922) 67 Travel & Conferences 5, Supplies 3, ,000 4, ,588 (922) 70 Legal and Audit Services 71 Legal Services 68,750 11,458 20,940 (9,481) 72 Audit Services 32,000 8,000 7, ,750 19,458 28,690 (9,231} 74 Office of CEO 75 Salaries 233,600 58,400 50,654 7, Employee Benefits 120,055 30,014 29, ,655 88,414 80,514 7, Administrative 79 Salaries 234,241 58,560 50,574 7, Employee Benefits 117,936 29,484 29, Professional Services 45,000 18,000 36,875 (18,875) 82 Other Purchased Services 83 Insurance 86,000 43,000 50,193 (7, 193) 84 Postage 14,000 2,333 2, Telephone 1, (50) 86 Advertising 3, Travel 5, ,070 (2,237) 88 Other 11,550 1,925 10, 153 (8,228) 89 Supplies 32,000 8,000 4,499 3, Administrative Software 60,000 15, , Furniture & Equipment 5, , , ,393 (9, 165) 4

6 ADOPTED Allocated Actual Variance Fiscal Year Pupil Health 94 Professional Services 70,040 5,837 6,699 (863) 95 Supplies 2,500 2,000 3,250 {1,250} 96 72,540 7,837 9,949 {2,11 3} 97 Business 98 Business Services 83,000 20,750 23,460 (2,710) 99 Printing 46,000 11,500 11, Software Amortization 7, Software Maintenance 10, Payroll Services 8,240 2,218 2,861 {642} ,440 34,468 37,814 {3,346} 104 Building Operations 105 Salaries 60,126 15,032 10,014 5, Employee Benefits 28,953 7,238 5,514 1, Property Services 108 Maintenance & Repairs 65,000 16,250 11,832 4, Custodial 105,200 26,300 17,532 8, Utilities 103,000 17,167 15,207 1, Rent 780, , ,014 (1 4) 112 Depreciation 23, Supplies 14,000 2,333 1, Furniture & Equipment 37,200 6,200 9,300 (3, 100) 115 1,216, , ,973 19, Central Information Technology 117 Professional Services 69,160 17,290 40,020 (22,730) 118 E-Rate 5, Telecommunications Svcs 30,000 5,000 5,355 (355) 120 Supplies 2, (571 ) 121 Computers 5, ,660 23,540 46,363 {22,823} Security 125 Salaries 165,051 41,263 31,662 9, Employee Benefits 106,189 18,046 23,631 (5,585) 127 Professional Services 100,000 25,000 20,415 4, ,240 84,309 75,708 8, Total Support Services 3,375, , ,311!10,022) Non Instructional Activities 133 Student Activities 134 Salaries 32, Employee Benefits 13, Other Purchased Services 8, ,

7 Fiscal Year ADOPTED Allocated Actual Variance 139 Non Instructional Activities Total Expenditures Excess of Revenue over Expenditures Contribution to Reserve Excess of Revenue over Expenditures Adjusted 53,862 7,911, , ,436 1,922,780 (43,956) (43,956) 1,535, , , , , ,660 6

8 Cash Flow Statement September 30, 2017 Opening Cash Balance (6/30/17) 381,991 Revenues School District 1,602, 167 Federal 332,340 State 95,01 3 Other Local 106,463 Total Revenues 2,135,983 Disbursements Payroll & Benefits 1,336,124 General Disbursements 690,567 Debt Service/Rent 195,012 Total Disbursements 2,221,703 Net Change in Cash (85,720) Ending Cash Balance (9/30/17) 296,271