Beaumont Unified School District

Our Focus…Our Kids Investing in 21st Century

Learning

Beaumont Unified School District

Our Focus…Our Kids Investing in 21st Century

Learning

2012/2013 Unaudited ActualsCarol Severns, Assistant Superintendent of Business Services

Carmen Meza, Director of Fiscal Services

Board Meeting– September 10, 2013

9/10/13 1

Unaudited Actuals 2012/2013 Fiscal Year

Final End of Fiscal Year Actuals Numbers prior to Audit

Must be Reported to County Schools by September 15

Change to 2012/13 Ending Balance

Adjustment to 2013/14 Beginning Balance

Comparison of Estimated Actuals and Unaudited Actuals

Unspent Carryover to Next Year Budget

9/10/13 2

Unaudited Actuals 2012/13 Fiscal Year

Unrestricted Restricted Total

Revenues 50,736,804.09 8,060,329.88 58,797,133.97

Expenditures 43,482,683.56 14,608,139.37 58,090,822.93

Excess (Deficiency) of Revenues Over Expenditures Before Other Financing Sources & Uses

7,254,120.53 (6,547,809.49) 706,311.04

Other Financing Sources/Uses (5,750,771.40) 5,500,689.40 (250,082.00)

Net Increase (Decrease) in Fund Balance 1,503,349.13 (1,047,120.09) 456,229.04

Beginning Balance July 1, 2012 14,839,674.96 2,305,054.07 17,144,729.03

Audit Adjustments 0.00 0.00 0.00

Audited Beginning Balanceas of July 1, 2012

14,839,674.96 2,305,054.07 17,144,729.03

Ending Fund Balance June 30, 2013 16,343,024.09 1,257,933.98 17,600,958.07

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Unaudited Actuals vs. Estimated Actuals 2012/2013 Fiscal Year

DESCRIPTION ESTIMATED ACTUALS UNAUDITED ACTUALS DIFFERENCE REASONS

Revenue Limit 44,270,749.00 44,221,162.66 (49,586.34)

Federal Revenue 4,026,808.00 2,859,599.45 (1,167,208.55) Deferred Revenue

Other State Revenue 7,885,975.00 7,976,027.91 90,052.91 Special Ed-Mental Health

Other Local Revenue 3,930,830.00 3,740,343.95 (190,486.05) Redevelopment

TOTAL REVENUES 60,114,362.00 58,797,133.97 (1,317,228.03)

Certificated Salaries 27,896,635.00 27,680,810.30 (215,824.70)

Classified Salaries 8,965,546.00 8,871,194.05 (94,351.95)

Employee Benefits 11,321,565.00 11,197,989.88 (123,575.12)

Book & Supplies 5,030,509.00 2,072,607.35 (2,957,901.65) Categoricals –Carryover

Services & Other Operating Expend. 7,578,201.00 6,411,488.73 (1,166,712.27) Categoricals –Carryover

Capital Outlay 1,639,080.00 1,604,888.33 (34,191.67)

Other Outgo 390,023.00 390,022.02 (0.98)

Direct/Indirect (192,507.00) (138,177.73) 54,329.27 Indirect Cost not charged to Adult Ed

TOTAL EXPENDITURES 62,629,052.00 58,090,822.93 (4,538,229.07)

Interfund Transfers In 1,622,443.00 0.00 (1,622,443.00) Fund 17 - did not need transfer

Interfund Transfers Out (82.00) (250,082.00) (250,000.00) To Deferred Maintenance Fund

TOTAL OTHER 1,622,361.00 (250,082.00) (1,872,443.00)

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Ending Balance Designations2012/2013 Fiscal Year

Ending Balance – June 30, 2013 16,343,024.09 1,257,933.98 17,600,958.07

Designated for Economic Uncertainties 6,581,690.00   6,581,690.00

Prepaid Expenditures 15,316.98   15,316.98

Budget Contingencies 5,826,212.67   5,826,212.67

Vacation Liability 462,833.46   462,833.46

Reserve for Revolving Cash 10,000.00   10,000.00

E-Rate for District-wide Wireless 431,964.31 431,964.31

Beaumont Teachers Association Health & Welfare Pool 339,582.28   339,582.28

Advanced Placement 44,516.07   44,516.07

Computer Replacement Plan 389,837.69   389,837.69

Furniture & Equipment Replacement Plan 463,400.16   463,400.16

ADA Incentive 122,974.56   122,974.56

Medical Administrative Activities (MAA) 16,052.03   16,052.03

Tier III Discretionary 100,000.00   100,000.00

Donations 29,293.22   29,293.22

Tier III 342,207.35 342,207.35

Swept Fund from Adult Education 288,855.00   288,855.00

Morgan Hart 843,691.00   843,691.00

Lottery Unrestricted 34,597.31   34,597.31

English Language Acquisition Program   14,331.99 14,331.99

Lottery Restricted   227,426.75 227,426.75

Special Education – Low Incidence Equipment   5,533.55 5,533.55

Special Education – Mental Health   380,106.71 380,106.71

Economic Impact Aid/School Compensatory Education   561,932.34 561,932.34

Economic Impact Aid/ Limited English Pupils   64,622.51 64,622.51

ASES – Attendance Development Incentive   1,000.00 1,000.00

Weyerhaeuser Company Grant   2,980.13 2,980.13

TOTAL 16,343,024.09 1,257,933.98 17,600,958.07

9/10/13 5

Cash Flow & Ending Balance

State Revenue Deferral for FY 2011/12 to FY 2012/13 ($14,114,923) 38.40%

State Revenue Deferral for FY 2012/13 to FY2013/14 ($8,033,889)

• Received 9.5 mil in Education Protection Account (EPA) – Proposition 30 in June 2013 32.21%

Cash balance as of June 30, 2013 (57% of Ending Balance) 10.1 mil

9/10/13 6

Unaudited Actual

Questions?

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