New Foundations Charter School

Transcription

1 New Foundations Charter School Financial Operations Report March 31, 2016 Santi IIi Q,-homson (_)(Solutions for the Business of Education

2 Balance Sheet March 2016 ASSETS Current Assets Checking/Savings Cash Accounts Receivable Due From Food Service Credit Cards to be Allocated Prepaid Rent Prepaid Expenses Retainer Total Current Assets Mar 2016 Feb ,138,607 6,411,944 89, ,287 91,294 51,330 41,277 15,686 42,467 62, , ,411,392 6,672,258 Deferred Outflows GASB 68 3,379,986 3,379,986 Fixed Assets Building Improvements Furniture, Software and Computers Total Fixed Assets 297, , , , , ,583 TOTAL ASSETS 10,691,961 10,952,827 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Due to PSERS & Other Payroll Items Due to Foundation Due to Student Activities Claims and Judgements Payable Total Current Liabilities 214, , , ,553 5,035 5, , ,586 20,058 20, , ,728 Deferred Inflows GASB 68 Net Pension Liability 822, ,399 17,295,000 17,295,000 Total Liabilities Equity Available for Appropriation FY 2015 Investment In Fixed Assets Reserved for Covenant & Capllallmprovemants Net Pension Liability Unrestricted Net Income Total Equity 450, , , ,583 3,025,233 3,025,233 (17,295,000) (17,295,000) 3,182,652 3,182,652 1,635,020 1,662,232 (8, 101,512) (8,074,299) 1

3 Column1 Co/umn2 Column 3 Colmnn4 Column6 Statement of Revenues and Expenditures Budgeted Enrollment 1,490 1,490 1,490 1,453 (37) Fiscal Year March 2016 March 2015 March 2015 Fund Balance Appropriated by the BOT 191, ,933 Summary by Function Revenues School District Subsidy 13,760,275 13,727,772 10,295,829 10,360,632 65,003 Other Local 467, , , ,653 57,282 State 181, ,394 10,830 11, Federal 1,086,444 1,088, , Total Revenue 15,506,950 15,599,753 11,466,383 11,601, ,363 Expenditures Instruction Regular Educallon 7,340,880 7,220,380 4,493,872 4,470,417 23,455 Special Programs 1,046, , , ,800 23,402 Tutoring/Summer School 128, ,264 79,882 57,000 22,003 support Services Guidance 317, , , ,731 3,270 Social Worker 81,482 76,982 44,169 38,163 6,027 Psychological Services 64,241 64,241 42,027 20,733 16,095 Library Services 146, ,542 59,983 57,638 2,345 Curriculum 128, ,495 76,976 73,055 3,921 Professional Development 158, ,904 07,537 75,424 22,1 14 Other Support Services 131, ,540 95,262 94, Legal Services 117, ,668 93, ,056 (23,162) Office of the CEO 300, , , ,814 6,170 Admlnlstrallve 1,289,115 1,298, , ,717 38,923 Pupil Heallh 197, , , ,116 3,786 Business 214, , , ,660 4,750 Prlnling/Copylng 87,249 89,249 64,246 51,557 12,669 Building Services 3,183,091 3,164,591 2,328,802 2,208,287 40,515 Technology 234, , , ,570 10,834 Nonlnstructlonal Services Student Acllvllles 524, , , ,243 8,927 Total Expenditures 15,698,884 15,397,651 10,192,365 0,966, ,659 Revenues Over (Under) Expenditures (191,933) 202,103 1,273,998 1,635, ,022 Summary by Major Class Salaries 6,685,938 6,567,236 3,961,990 3,924,552 37, % Benefits 3,603,007 3,396,207 2,146,089 2,109,743 36, 'k Professional Services 761, , , ,610 22, '. Building Services 2,613,013 2,597,013 1,928,173 1,902,431 25, % Other Purchased Services 682, , , ,544 49, '. Supplies and Books 1,143,625 1,209, , ,534 30, '. Equipment 209, , , ,313 15, % Other 15,698,684 15,397,651 10,192,385 9,966, , % 2

4 Column 1 Column 2 Column 3 Column 4 Column 6 Statement or Revenues and Expenditures Budgeted Enrollment 1,490 1,490 1,490 1,463 (37) Fiscal Year March 2015 March 2016 March 2016 Fund Balance Appropriated by tha BOT 191, , Revenues School District Subsidy 5 6 Regular Education 10,986,655 10,470,200 7,652,650 7,646,1 66 (6,465) 6 7 Special Education 2,681,543 3,126,495 2,344,671 2,300,601 45, Non-Resident ,769,275 13,727,772 10,295,829 10,360,632 65, Other Local Bank Interest 2,659 2,859 2,145 1,439 (706) Erate 25,125 25, Extended Day Fees/Summer School 150, , , ,474 (4,892) IDEA 133, , Local Grant 63,169 63,169 53,169 66,610 13, PSPGrant 75,000 75,000 75, ,000 50, Mlscellaneous/Fundralslng 4,120 59,120 59,120 56,881 (2,239) Student Fees 22,995 87,301 78,571 80,249 1, , ,653 57, Commonwealth Health Services 10,830 10,830 10,830 11, Rental & Sinking Fund Payments , , Federal Federal Entitlements 1,068,444 1,088, , ,467 12, Access ,088,444 1,088, Total Revenues 15,506,950 15,599,753 11,466,383 11,601, , Expenditures Instruction Regular Education Salaries 4,313,269 4,163,269 2,401,886 2,394,997 6, Employee Benefits 2,351,625 2,306,625 1,441,895 1,437,31 6 4, Contracted Services 10,764 10,764 9,687 10,654 (1,167) Other Purchased Services 12,239 12,239 8,160 4,885 3, Supplies 152, ,517 97,138 93,014 4, Books 336, , , ,426 6, Software 69, , , ,129 (1,798) Furniture & Equipment 43,345 90,345 87,635 87, Technology ,340,880 7,220,380 4,493,872 4,470,417 23, Special Programs Salaries 438, , , ,465 3, Employee Benefits 273, ,413 90,590 89,138 1, APS 75,242 75,242 37,621 35,200 2, Professional Services 74, , , ,316 9, Other Purchased Services 176,211 57,461 28,731 23,051 5, Supplies and Books , ,046, , , ,800 23, Other Instructional Programs Salaries 80,577 80,577 48,348 44,191 4, Employee Benefits 26,193 28,193 16,916 13,689 3, Professional Services 5,439 5,439 4,080 4, Other Purchased Services 5,230 5,230 3,923 3, Supplies , ,264 79,882 57,880 22, Total Instruction 8,515,689 8,200,089 5,095,956 5,027,097 68, Support Services 62 3

5 Column 1 Column 2 Column3 Column4 Column6 Statement of Revonuos and Expenditures Budgeted Enrollment 1,490 1,490 1,490 1,453 (37) Fiscal Year March 2016 March 2015 March Counseling Salaries 202, , , ,417 3, Employee Benefits ,215 77,314 {99) , ,731 3, Social Worker Salaries 52,191 54,691 31,553 29,316 2, Employee Benefits 29,291 22, , Psychological Services Professional Services , ,627 26,733 16, Library Services Salaries 80,189 62,689 36,166 35, Employee Benefits 37,933 35,433 22,123 20,785 1, Supplies & Books 2,200 2,200 1, Furniture & Equipment , ,542 59, Curriculum DO 81 Salaries 87,016 86,766 50,059 46,545 3, Employee Benefils , , Professional Development Salaries 56,650 56,650 35,406 29,500 5, Employee Benefits 65,172 57,672 33,642 23,837 9, Professional Services 17,865 17,865 13,399 12, Travel & Conferences 14,775 11,775 8,831 5,526 3, Supplies ,259 4,057 2, ,537 75,424 22, Other Support Salaries 86, ,570 64,368 63, Employee Benefits Legal and Audit Services Audit Services 33,857 33,857 31,036 29,350 1, Legal Services ,858 87,706!24,647) , ,056!23,162) Office of CEO Salaries 157, , , , Employee Benefits 66,025 60,475 42,304 40,434 1, Professional Services 85,000 85, , , Administrative Salaries 610, , , , Employee Benefits 312, , , ,567 2, Professional Services 32,787 17,787 10,376 5,530 4, Other Purchased Services Insurance 110, ,136 84,437 83, Postage 17,360 13,860 10,395 6,942 3, Telephone 22,744 16,244 12,183 8,277 3, Advertising 5,057 5,057 3,793 1,512 2, Travel 5,677 5,677 4,258 1,083 3, Dues & Subscriptions 16,391 7,891 5,918 2,924 2, Other 20,316 38,316 28,737 27,169 1, Supplies 56,330 44,330 31,031 27,360 3, Administrative Software 69,033 85,000 72,250 69,422 2, Furniture & Equipment 5,000 6,000 3, , Technology ,289,115 1,298, , ,717 38, Pupil Health Salaries 124, ,311 71,718 69,752 1, Employee Benefits 65,556 69,556 45,517 44, Professional services 2,575 4,075 3,260 2,

6 Column 1 Column 2 Column3 Column4 Column5 Statement of Revenues and Expenditures Budgeted Enrollment 1,490 1,490 1,490 1,453 (37) Fiscal Year March 2015 March 2015 March Supplies , , , ,116 3, Business Business Services 165, , , ,649 2, Payroll Services 13,207 13,207 8,684 8, Other 2,060 2,060 1,545 1,609 (64) Software Hosting and Amortization , , ,860 4, Printing/Copying Prfnting 19,128 17,128 12,846 7,266 5, Supplies 15,918 19,918 16,598 15,565 1, Equipment 52,203 52,203 34,802 28,706 6, ,246 51,557 12, Building Operations Salaries 102,836 97,336 68,510 64,730 3, Employee Bene fits 58,216 51,716 37,241 33,381 3, Professional Services 84,872 84,872 60,116 50,470 1, Property Services Cuslodlal 154, , , ,494 4, Re nt 2,201,499 2,209,999 1,657,499 1,656,000 1, Ulllilies 40,661 34,161 25,620 20,911 4, Ma intenance & Repairs 146, ,364 85,590 80,337 5, Trash 22,302 22,302 14,868 11,674 3, Lawn Care & Snow Removal 36,437 36,437 21,265 18,822 2, Extermlnallon Services 8,475 6,475 4,317 2,943 1, Other Purchased Property Services 5,000 5,000 3, , Supplies - Gas & Electric 278, , , ,667 1, Supplies 36,356 32,858 23,275 20,781 2, Furnilure & Equipment 7,571 7, ,648 1, ,183,091 3,164,591 2,328,802 2,288,287 40, Central Information Technology Professional Services 79,720 04,520 63,390 60,092 3, Internet Services 77,116 67,616 50,712 47,645 3, Supplies 51,455 39,455 29,591 25,718 3, Soflware 8, ,711 17,711 17, Technology , , , ,570 10, Total Support Services 6,659,077 6,638,344 4,698,268 4,550, , Non Instructional Activities After School Programs/Extra Curricular Salaries 293, , , ,500 1, Employee Benefits 113,601 96,301 71,020 68,506 2, Other Purchased Services 89,978 89,978 56,236 52,533 3, Supplies 26,725 42,225 37,158 36, Furnllure & Equipment , , , , Non Instructional Activities , , ,243 8, Total Expenditures 16,698,884 16,397,651 10,192,305 9,966, , Excess of Revenue over Expenditures (1 91,933) 202,103 1,273,998 1,635, , Contribution to Reserve Excess of Revenue over Expenditures (191,933) 202,103 1,273,998 1,635, ,

7 Memphis Street Academy Charter School Balance Sheet March 2016 ASSETS Current Assets Checking/Savings Cash Due from Commonwealth Due from School District Retainer- American Paradigm Schools Total Current Assets March ,143,926 13,741 77,774 8,235,441 February ,189,960 13,741 77,774 8,281,475 Fixed Assets Building Improvements Vehicles Furniture, Software and Computers Total Fixed Assets 450,954 66, , ,954 66, ,441 TOTAL ASSETS 8,953,511 8,999,544 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Salaries and Benefits Payable Due to Food Service Due to Local School District Capital Leases -Computers and Furniture Total Current Liabilities Total Liabilities Equity Available for Appropriation Investment in Fixed Assets Reserved for Future Revenue Reductions Reserve for Contingencies Net Income Total Equity 90, ,794 84, , ,779 4,227, , ,594 2,385,154 8,430, , , , , ,732 4,227, , ,594 2,191,235 8,236,812 TOTAL LIABILITIES & EQUITY 8,953,511 8,999,544 (O) 1