St. Tammany Parish School Board BUDGETS Special Revenue Funds Capital Project Funds Debt Service Funds

Transcription

1 St. Tammany Parish School Board BUDGETS Special Revenue Funds Capital Project Funds Debt Service Funds Fiscal Year July 1, 2018 June 30, 2019 September 13, 2018

2 SCHOOL FOOD SERVICES FUND The School Food Services Fund provides over 4.1 million lunches and 1.7 million breakfasts annually. It is supported by Federal subsidies, State subsidies (through the General Fund Equalization Formula), and local sales and ad valorem taxes (transfers from General Fund).

3 School Food Service (SLF) St. Tammany Parish School Board *Actual may be rounded to denomination of $ % Revenue From Local Sources Actual * Estimated Projected Change Original Year-To-Date Remaining Actual Result Original PROJE Fy 2018 vs Actual Budget #Emp As of July 24th For Year At Year End #Emp Budget Difference B Fy Interest 22,484 22,400 $ 30,351 $ - $ 30,351 $ 30,000 $ (351) -1.16% Food Service Collections 3,606,992 3,606,900 3,710,602 $ - 3,710,602 3,800,000 89, % Miscellaneous 186,368 20, ,316 $ - 115,316 20,000 (95,316) % Total Revenue From Local Sources 3,815,844 3,649,300 3,856,269-3,856,269 3,850,000 (6,269) -0.16% Revenue From State Sources State Public Fund Equalization (MFP) 5,865,000 5,000,000 4,887,500-4,887,500 4,887, % Total Revenue From State Sources 5,865,000 5,000,000 4,887,500-4,887,500 4,887, % Revenue From Federal Sources School Food Service Programs 10,272,507 10,400,000 10,322,924-10,322,924 10,700, , % Value Of Usda Commodities 1,488,954 1,595,000 1,331,481-1,331,481 1,310,000 (21,481) -1.61% Total Revenue From Federal Sources 11,761,461 11,995,000 11,654,405-11,654,405 12,010, , % Total Revenue 21,442,305 20,644,300 20,398,174-20,398,174 20,747, , % Fund Transfers In From General Fund (Prop 3) 551, , , , , % From General Fund (Sales Tax 66) 1,083,000 1,083,000 1,083,000-1,083,000 1,083, % From General Fund (Sales Tax 77) 404, , , , , % Total Fund Transfers In 2,038,000 2,038,000 2,038,000-2,038,000 2,038, % Total Revenue & Fund Transfers In 23,480,305 22,682,300 22,436,174-22,436,174 22,785, , % Expenditures Health Insurance 2,236,592 2,735,000 2,023,450-2,023,450 2,023, % Medicare 122, , , , ,100 2, % Teachers' Retirement System Regular/Plan A 2,031,572 2,221,650 2,102,600-2,102,600 2,147,200 44, % School Employee Retirement System 68,981 74,272 81,685-81,685 83,750 2, % Other Retirement Systems 9,800 10,507 44,920-44,920 45, % Worker's Compensation 699, , , , ,445 35, % Group Insurance - Retirees 1,359,398 1,360,000 1,471,785-1,471,785 1,471, % Sick Leave Severance Pay 21,376 21,500 39,170-39,170 39, % Workshops - 2, ,650 2,000 2, % Audit Fee 3,654 4,000 3, ,000 4, % Purchased Technical Services ,000 24, ,000 26,000 1, % Garbage 35,672 35,700 35, ,700 35, % Repairs and Maintenance 63,695 70,000 67,568 2,432 70,000 70, % Telephone 22,565 23,000 14,473 5,527 20,000 20, % Advertising % Printing 496 2,500 1, ,500 1,500 (1,000) % Travel 7,827 9,000 8, ,000 9, % Materials and Supplies 630, , ,076 65, , , % 1

4 School Food Service (SLF) St. Tammany Parish School Board *Actual may be rounded to denomination of $ % Actual * Estimated Projected Change Original Year-To-Date Remaining Actual Result Original PROJE Fy 2018 vs Actual Budget #Emp As of July 24th For Year At Year End #Emp Budget Difference B Fy Utilities 205, , , , ,000 9, % Food (Excluding Commodities) 4,118,450 4,500,000 4,535,916 49,084 4,585,000 4,650,000 65, % USDA Commodities 1,539,711 1,595,000 1,485,076-1,485,076 1,310,000 (175,076) % Large Equipment 375, ,000 93, , , , % Dues and Fees 95, , ,773 2, , , % Uniforms 28,650 30,000 27,825 2,175 30,000 30, % Storage and Distribution 186, , ,687 64, , , % Salaries - Office/Clerical 33,398 33, ,820-33, , % Salary - Supervisor 103, , , , , % Salaries - Assistants 248, , , , ,235 2, % Salaries - Food Service Workers 5,189,255 5,227, ,171,425-5,171, ,253,000 81, % Salaries - Maintenance 203, , , , ,000 3, % Salaries - Subs 177, , , , ,000 2, % Salaries- Managers 2,047,639 2,059, ,052,175-2,052, ,079,000 26, % Salaries- Assistant Managers 1,222,640 1,230, ,179,885-1,179, ,199,000 19, % Total Expenditures 23,090,506 24,376, ,845, ,522 23,147, ,267, , % Revenues Over (Under) Expenditures 389,799 (1,694,341) (409,745) (301,522) (711,267) (482,025) 229, % Beginning Fund Balance 2,832,937 2,578,327 3,222,737-3,222,737 2,511,470 (711,267) % Ending Fund Balance $ 3,222,736 $ 883,986 $ 2,812,992 $ (301,522) $ 2,511,470 $ 2,029,445 $ (482,025) % 2

5 SUMMER FEEDING PROGRAM FUND The Summer Feeding Program Fund provides an opportunity to continue a child's physical and social development while providing nutritious meals. This program also helps lower income children return to school ready to learn. The Louisiana Department of Education reimburses sponsors for meals served at approved feeding sites in low income areas to children 18 years and under. This is a federally funded program operated nationally by the U. S. Department of Agriculture and administered at the State level by the Louisiana Department of Education.

6 Summer Feeding Program (SFP) St. Tammany Parish School Board * Actual may be rounded to denomination of $ % Revenues Actual * Estimated Projected Change Original Year-To-Date Remaining Actual Result Original Fy 2018 vs Actual Budget As of July 24th For Year At Year End Budget Difference Fy Summer Feeding Program Grant - Federal $ 55,228 $ 50,000 $ 44,455 $ - $ 44,455 $ 55,000 $ 10, % Value Of Usda Commodities 213 1, $ , % Total Revenue 55,441 51,000 44,688-44,688 56,000 11, % Expenditures Audit Fees % Medicare % Teachers' Retirement System Regular/Plan A 3,447 3,599 3, ,100 3, % Worker's Compensation % Materials and Supplies 821 2, ,000 1, % Food (Excluding Commodities) 14,863 10,000 13,660-13,660 15,000 1, % USDA Commodities 2,304 1,000 1,130-1,130 1,000 (130) % Salaries - Food Service Workers 3,635 3, % Salaries- Managers 10,159 10,159 11,614-11,614 11, % Salaries - Assistant Managers % Total Expenditures 35,854 30,905 31, ,465 34,335 2, % Revenues Over Expenditures 19,587 20,095 13,284 (61) 13,223 21,665 8, % Beginning Fund Balance 72,692 92,262 92,279-92, ,502 13, % Ending Fund Balance $ 92,279 $ 112,357 $ 105,563 $ (61) $ 105,502 $ 127,167 $ 21, % 3

7 COMMUNITY DISASTER LOAN FUND The Community Disaster Loan Fund is used to account for the proceeds of the three loans through the Community Disaster Loan Program administered by the Federal Emergency Management Agency (FEMA). Loan proceeds may be used to cover operational expenditures such as salaries and benefits. These loans were forgiven by the federal government in 2014 under the forgiveness standards established by the Stafford Act.

8 Community Disaster Loan Fund (DCF) St. Tammany Parish School Board % * Actual may be rounded to denomination of $ Actual * Estimated Projected Change Revenues Original Year-To-Date Remaining Actual Result Original Fy 2018 vs. Actual Budget As of July 24th For Year At Year End Budget Difference Fy Interest Income $ 129,815 $ 130,000 $ 143,886 $ - $ 143,886 $ 100,000 $ (43,886) % Unrealized Gain (Loss) on Investments (73,069) - (2,525) - (2,525) - 2, % Total Revenue 56, , , , ,000 (41,361) % Expenditures Instruction - Health Insurance Contingency ,200,000 7,200,000 8,300,000 1,100, % Total Expenditures ,200,000 7,200,000 8,300,000 1,100, % Revenue Over (Under) Expenditures 56, , ,361 (7,200,000) (7,058,639) (8,200,000) (1,141,361) 16.17% Beginning Fund Balance 16,469,904 16,526,650 16,526,650-16,526,650 9,468,011 (7,058,639) % Ending Fund Balance $ 16,526,650 $ 16,656,650 $ 16,668,011 $ (7,200,000) $ 9,468,011 $ 1,268,011 $ (8,200,000) % 4

9 COMMUNITY DEVELOPMENT BLOCK GRANT FUND The Community Development Block Grant Fund is to account for the revenue and expenditures related to the Community Development Block Grant. This grant was awarded to reimburse the School Board for disaster related expense that were not covered by the Federal Emergency Management Agency (FEMA) grants.

10 St. Tammany Parish School Board CDBG Construction Fund (C25) Revenues % Actual Estimated Projected Change Original Year-To-Date Remaining Actual Result Original Fy 2018 vs. Actual Budget As of July 24th For Year At Year End Budget Difference Fy CDBG Grant $ 170,518 $ 1,250,000 $ 885,619 $ - $ 885,619 $ 516,550 $ (369,069) % Total Revenue 170,518 1,250, , , ,550 (369,069) % Expenditures Architect & Engineering Fees ,000 15, % Equipment ,550 88, % Building Improvements 170,518 1,250, , , ,000 (472,619) % Total Expenditures 170,518 1,250, , , ,550 (369,069) % Revenue Over (Under) Expenditur % Beginning Fund Balance % Ending Fund Balance $ - $ - $ - $ - $ - $ - $ % 5

11 BP OIL SPILL SETTLEMENT FUND In August 2015, the School Board received a legal settlement for loss revenue and other damages related to the BP Oil Spill which occurred in These funds will be used at the discretion of the Superintendent and the Board.

12 St. Tammany Parish School Board BP Oil Spill Settlement Fund (BPO) Revenues % Actual Estimated Projected Change Original Year-To-Date Remaining Actual Result Original Fy 2018 vs. Actual Budget As of July 24th For Year At Year End Budget Difference Fy Interest Income $ 50,214 $ 51,000 $ 80,282 $ - $ 80,282 $ 50,000 $ (30,282) % Total Revenue 50,214 51,000 80,282-80,282 50,000 (30,282) % Expenditures Transfer out- School Security Fund ,000,000 4,000, % Total Expenditures ,000,000 4,000, % Revenue Over (Under) Expenditures 50,214 51,000 80,282-80,282 (3,950,000) (4,030,282) % Beginning Fund Balance 11,575,029 11,625,243 11,625,243-11,625,243 11,705,525 80, % Ending Fund Balance $ 11,625,243 $ 11,676,243 $ 11,705,525 $ - $ 11,705,525 $ 7,755,525 $ (3,950,000) % 6

13 SCHOOL SECURITY FUND The School Security Fund was created to account for all school security services including salaries and benefits of the Security Coordinator, Security Officers, and the Mental Health Providers at each school and all related expenses for these positions. This fund also accounts for the School Resource Officers (SROs) and School Resource Officer details at each school in the district.

14 St. Tammany Parish School Board School Security Fund (SSF) % Actual Estimated Projected Change Original Year-To-Date Remaining Actual Result Original Fy 2018 vs Actual Budget #Emp As of July 24th For Year At Year End #Emp Budget Difference Fy 2019 Revenue and Transfer In Interest $ - $ - $ - $ - $ - $ 20,000 $ 20, % Transfer In - BP Oil Spill Fund ,000,000 4,000, % Transfer In - General Fund (costs transferred) ,041,000 1,041, % Total Revenue & Transfers In ,061,000 5,061, % Expenditures Mental Health Providers (MHPs) Salaries ,750,000 2,750, % MHP Medicare ,875 39, % MHP Worker's Compensation ,970 17, % Security Coordinator Salary ,209 71, % Security Officers Salaries ,604 78, % Security Health Insurance ,930 8, % Security Medicare ,172 2, % Security Teachers' Retirement System ,000 40, % Security Worker's Compensation % School Resource Officers and Details ,049,850 2,049, % Travel - Security Coordinator ,400 1, % Total Expenditures ,061,000 5,061, % Revenues Over (Under) Expenditures % Beginning Fund Balance % Ending Fund Balance $ - $ - $ - $ - $ - $ - $ % 7

15 CAPITAL PROJECTS FUNDS The Capital Projects Funds are Reroofing, 2013 Bond, 2008 Bond, and Parishwide Construction Funds. The expenditures are for the construction and improvement of facilities and purchase of equipment. The Capital Projects Funds cannot be used for operational expenses.

16 St. Tammany Parish School Board Reroofing Construction Fund (CRF) % *Actual may be rounded to nearest denomination Actual* Estimated Projected Change of $ Original Year-To-Date Remaining Actual Result Original Fy 2018 vs. Revenue and Transfers In Actual Budget As of July 24th For Year At Year End Budget Difference Fy Interest Income $ 5,444 $ 5,400 $ 15,040 $ - $ 15,040 $ 15,040 $ % Transfer From General Fund 1,075,000 1,800,000 1,800,000-1,800,000 1,800, % Total Revenue and Transfer In 1,080,444 1,805,400 1,815,040-1,815,040 1,815, % Expenditures Building Repairs and Maintenance 1,705 50, ,190 20,000 20, % Building Improvements 756,310 1,500,000 1,282, ,450 1,500,000 1,500, % Architect & Engineering Fees 41, , , , , , % Total Expenditures 799,334 1,950,000 1,400, ,136 1,920,000 1,920, % Revenue Over (Under) Expenditures 281,110 (144,600) 414,176 (519,136) (104,960) (104,960) % Beginning Fund Balance 708, , , , ,168 (104,960) % Ending Fund Balance $ 989,128 $ 323,818 $ 1,403,304 $ (519,136) $ 884,168 $ 779,208 $ (104,960) % 8

17 St. Tammany Parish School Board 2013 Bond Construction Fund (C32) Revenues and Other Financing Source % Actual Estimated Projected Change Original Year-To-Date Remaining Actual Result Original Fy 2018 vs. Actual Budget As of July 24th For Year At Year End Budget Difference Fy Proceeds from Bond Sale $ 30,000,000 $ 25,000,000 $ 25,000,000 $ - $ 25,000,000 $ - $ (25,000,000) % Accrued Interest and Premium On Bonds Sold 2,483,880 2,000,000 3,509,213-3,509,213 - (3,509,213) % Interest Income 267, , , , ,000 (10,916) -4.53% Realized Gain (Loss) on Investments (3,310) - (2,759) - (2,759) - 2, % Unrealized Gain (Loss) on Investments (86,084) - 6,601-6,601 - (6,601) % Total Revenues 32,661,579 27,230,000 28,753,971-28,753, ,000 (28,523,971) % Expenditures Professional Technical Services 28,218 30,000 5,056-5,056 - (5,056) % Equipment Repairs and Maintenance 3,360,663 3,500,000 1,092,837 2,407,163 3,500,000 3,000,000 (500,000) % Architect & Engineering Fees 1,062,349 1,100, , ,575 1,100,000 1,100, % Equipment - 1,000,000 1,970, ,162 2,500,000 2,500, % Building Improvements 38,103,288 25,000,000 13,621,639 6,378,361 20,000,000 10,500,000 (9,500,000) % Debt Service- Legal Fees 56,439 59,606 62,823-62,823 - (62,823) % Debt Service - Purchased Technical Fees 40,937 40,937 36,214-36,214 40,000 3, % Debt Service - Miscellaneous 1,661 1, , ,000 - (150,000) % Total Expenditures 42,653,555 30,732,204 17,680,832 9,673,261 27,354,093 17,140,000 (10,214,093) % Revenues Over (Under) Expenditures (9,991,976) (3,502,204) 11,073,139 (9,673,261) 1,399,878 (16,910,000) (18,309,878) % Beginning Fund Balance 26,157,975 15,702,204 16,165,999-16,165,999 17,565,877 1,399, % Ending Fund Balance $ 16,165,999 $ 12,200,000 $ 27,239,138 $ (9,673,261) $ 17,565,877 $ 655,877 $ (16,910,000) % 9

18 St. Tammany Parish School Board 2008 Bond Construction Fund (C33) % Actual Estimated Projected Change Original Year-To-Date Remaining Actual Result Original Fy 2018 vs. Actual Budget As of July 24th For Year At Year End Budget Difference Fy 2019 Revenues and Other Financing Source Proceeds from Bond Sale $ - $ - $ 25,000,000 $ - $ 25,000,000 $ - $ (25,000,000) % Accrued Interest and Premium On Bonds Sold - - 2,657,938-2,657,938 - (2,657,938) % Interest Income , , , , % Total Revenues ,769,741-27,769, ,000 (27,539,741) % Expenditures Architect & Engineering Fees , , ,000 2,500,000 2,000, % Equipment , , % Building Improvements , ,000 10,000,000 9,900, % Debt Service- Legal Fees ,376-62,376 - (62,376) % Debt Service - Purchased Technical Fees ,671-21,671 25,000 3, % Debt Service - Miscellaneous , ,000 - (150,000) % Total Expenditures , , ,047 12,625,000 11,790, % Revenues Over (Under) Expenditures ,158,935 (223,241) 26,935,694 (12,395,000) (39,330,694) % Beginning Fund Balance ,935,694 26,935, % Ending Fund Balance $ - $ - $ 27,158,935 $ (223,241) $ 26,935,694 $ 14,540,694 (12,395,000) % 10

19 St. Tammany Parish School Board Parishwide Construction Fund (PWF) % Actual Estimated Projected Change Original Year-To-Date Remaining Actual Result Original Fy 2018 vs. Actual Budget As of July 24th For Year At Year End Budget Difference Fy 2019 Revenues and Transfers In Interest Income $ 3,487 $ 3,480 $ 11,614 $ - $ 11,614 $ 11,614 $ % Contributions and Donations 1,361 1, % Transfer from General Fund 2,300,000 3,300,000 3,300,000-3,300,000 3,300, % Total Revenue and Transfers In 2,304,848 3,304,780 3,312,214-3,312,214 3,312, % Expenditures Repair & Upkeep of Buildings 4,000-5,500 1,500 7,000 7, % Upkeep of Grounds - - 2,676 7,324 10,000 10, % Repair & Upkeep of Equipment ,188 1,812 50,000 50, % Architect & Engineering Fees 371, , , , , , % Equipment - - 8,949 1,051 10,000 10, % Building Improvements 2,051,140 3,000,000 2,879, ,051 3,000,000 2,700,000 (300,000) % Total Expenditures 2,426,638 3,550,000 3,326, ,566 3,627,000 3,327,000 (300,000) -8.27% Revenue Over (Under) Expenditure (121,790) (245,220) (14,220) (300,566) (314,786) (14,786) 300, % Beginning Fund Balance 468, , , ,525 31,739 (314,786) % Ending Fund Balance $ 346,525 $ 27,875 $ 332,305 $ (300,566) $ 31,739 $ 16,953 $ (14,786) % 11

20 DEBT SERVICE FUND The Debt Service Fund exists solely to retire our long-term debt. The District 12 Sinking Fund is funded by Parishwide ad valorem (property) taxes. Expenditures retire our General Obligation Bonds approved in various elections.

21 St. Tammany Parish School Board Debt Service (SFF) Revenue And Other Financing Sources % Actual Estimated Projected Change Original Year-To-Date Remaining Actual Result Original Fy 2018 vs. Actual Budget As of July 24th Budget At Year End Budget Difference Fy Taxes (15.9 Mills) $ 34,607,995 $ 33,844,300 $ 33,569,000 $ - $ 33,569,000 $ 31,583,000 $ (1,986,000) -5.92% Taxes Penalties and Interest 32,741 20,145 20,097-20,097 19,500 (597) -2.97% Bond Proceeds 9,890,000-21,330,000-21,330,000 - (21,330,000) % Interest Income 177, , , , , % Accrued Interest and Premium On Bonds Sold 1,084,668-2,832,820-2,832,820 - (2,832,820) % Unrealized Gain (Loss) on Investments (71,840) 11,571 (22,063) - (22,063) - 22, % Total Revenue And Other Financing Sources 45,721,344 34,052,076 57,978,107-57,978,107 31,850,753 (26,127,354) % Expenditures And Other Financing Uses General Administration Pension Fund Contributions 1,092,800 1,090,000 1,071,793-1,071,793 1,090,000 18, % Equipment For Assessor's Office 38,960 38,960 50,635-50,635 38,960 (11,675) % Total General Administration 1,131,760 1,128,960 1,122,428-1,122,428 1,128,960 6, % Debt Service and Other Financing Uses Redemption of Principal 20,475,000 20,940,000 23,440,000-23,440,000 19,215,000 (4,225,000) % Interest Expense 9,472,215 9,197,086 9,849,322-9,849,322 10,468, , % Paying Agent Expenses 7,000 7,000 6, ,000 7, % Payments to Escrow Agent 11,115,578-24,256,817-24,256,817 - (24,256,817) % Discount on Issuance of Bonds 59, , ,980 - (127,980) % Total Debt Service 41,129,133 30,144,086 57,680, ,681,119 29,690,438 (27,990,681) % Total Expenditures 42,260,893 31,273,046 58,803, ,803,547 30,819,398 (27,984,149) % Revenue Over (Under) Expenditures 3,460,451 2,779,030 (825,040) (400) (825,440) 1,031,355 1,856, % Beginning Fund Balance 26,727,064 30,187,515 30,187,515-30,187,515 29,362,075 (825,440) -2.73% Ending Fund Balance $ 30,187,515 $ 32,966,545 $ 29,362,475 $ (400) $ 29,362,075 $ 30,393,430 $ 1,031, % 12